Daily Investment Strategy
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Anta Sports (2020): The company is accelerating its globalization strategy by acquiring a stake in PUMA, leveraging PUMA's brand heritage in high-end sectors such as football and motorsports to fill market gaps. With Anta's excellent local management capabilities, it is expected to tap into PUMA's enormous growth potential in Greater China and deepen its collaboration with supplier Shenzhou International. This counter-cyclical investment is funded by the company's own funds and will not affect dividend payments. It aims to support the brand's return to a growth trajectory by 2027 and comprehensively strengthen the group's medium- and long-term international competitiveness.
The Federal Reserve kept interest rates unchanged at its January meeting
The Federal Reserve decided to keep interest rates unchanged (range 3%-3.75%) at its January meeting, pausing its series of rate cuts since September of last year. Jerome Powell stated that current policy is not "significantly tight" and expects tariff-driven inflation to subside by mid-year. Most notably, two dissenting votes were cast against a rate cut, with voting members Miran and Waller voting against it (advocating for a further 0.25 percentage point cut). Powell noted that this divergence reflects the Fed's growing concern about downside risks to the job market. While the committee is currently acting cautiously, it remains aligned on the overall goal of supporting economic expansion. According to CME's "FedWatch," the probability of the Fed cutting rates by 25 basis points in March meeting is 11.9% (15.5% before the meeting).
Hong Kong Stock Connect recorded a net outflow of HK$3.4 billion on Wednesday, with Tencent Holdings (700) recording the largest net inflow at HK$1.21 billion, followed by Pop Mart (9992); while Tracker Fund of Hong Kong (2800) recorded the largest net outflow at HK$2.32 billion, followed by Alibaba (9988).
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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