Daily Investment Strategy
Daily focus：Trip.com (9961)
The Chinese tourism market has demonstrated resilience, and Trip.com Group's various business segments have recorded continued growth driven by the recovery of domestic tourism and increased outbound and international demand. The accommodation and transportation ticketing businesses have maintained a strong position thanks to product optimization and platform advantages. Looking ahead, with the global tourism recovery and expansion into overseas markets, the Group is expected to further consolidate its industry leadership and seize structural growth opportunities.
US NFIB Small Business Optimism Index Declines
U.S. stocks closed mixed on Tuesday, with the Dow Jones Industrial Average surging about 560 points while the Nasdaq Composite underperformed. Funds are rotating from growth stocks to value stocks, with investors shifting money from technology stocks to other undervalued sectors in the market. According to data released Tuesday, the National Federation of Independent Business (NFIB) Small Business Optimism Index fell 0.6 points to 98.2. Of the 10 sub-indices that make up the index, 5 declined and 4 improved. The net percentage of business owners reporting improved earnings over the past three months fell 9 percentage points, the largest drop since the pandemic, mainly due to weaker sales and rising raw material costs. The overall index was also negatively impacted by declining optimism among business owners about the economic outlook. The net percentage expecting improved economic activity over the next six months fell 3 percentage points to 20%, the lowest level since April.
Hong Kong Stock Connect saw a net inflow of HK$4.47 billion on Tuesday, with Xiaomi Group (1810) seeing the largest net inflow at HK$1.18 billion, followed by the Tracker Fund of Hong Kong (2800). On the other hand, XPeng Motors (9868) recorded the largest net outflow at 2.27 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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