Daily Investment Strategy
Daily focus：Alibaba（9988）
At the 2025 Yunqi Conference, Alibaba unveiled its vision of moving from AGI to ASI, emphasizing AI cloud as the next generation of computing power. The company plans to increase global data center capacity tenfold by 2032 to meet computing power demands. Alibaba Cloud is leveraging its proprietary three-layer AI cloud technology and large-scale models such as "Tongyi Qianwen" to strengthen its leading position and continuously enhance its cloud services and enterprise intelligence solutions. The group is increasing capital expenditure to expand its cloud business, capitalizing on the global AI investment boom while proactively addressing industry and macro risks, demonstrating its long-term growth potential.
US shutdown risk
If no consensus on the appropriations bill is reached before midnight Eastern Time on October 1st, the US government faces a potential shutdown this Wednesday, with civil servants facing payroll or work suspensions, affecting departments such as Labor and Commerce. In addition to disrupting daily government operations, a shutdown would also delay the release of key economic data, such as Friday's employment figures. This would not only exacerbate market concerns about the lack of transparency in macroeconomic information, but could also force investors to increase defensive positions, dampening risk appetite in the short term.
Hong Kong Stock Connect recorded a net outflow of HK$1.6 billion on Monday, with Alibaba (9988) receiving the largest net inflow of HK$3.56 billion, followed by Tencent Holdings (700). Meanwhile, Tracker Fund of Hong Kong (2800) saw the largest net outflow of HK$5.78 billion, followed by China Mobile (941).
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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