Daily Investment Strategy
Daily focus：NetEase（9999）
Reported net revenue of RMB 28.8 billion, a year-on-year increase of 7.4%. Net profit attributable to shareholders reached RMB 10.3 billion, a significant 35.0% increase year-on-year. Under non-GAAP measures, net profit attributable to shareholders was RMB 11.2 billion, up 32.1% year-on-year—both figures exceeded market expectations. Additionally, the board declared a quarterly dividend of USD 0.135 per share, demonstrating a strong commitment to shareholder returns. The market is closely watching three major upcoming games: Infinity, Marvel: Secret Mayhem, and Destiny: Rising.
Consumer Sentiment Index Continues to Decline
The University of Michigan's preliminary Consumer Sentiment Index for May fell from 52.2 in the previous month to 50.8. This figure was below the expectations of all but one economist surveyed by Bloomberg. Survey director Joanne Hsu stated in a release, “The pause in tariffs is unlikely to convince consumers that trade policy is stable enough for consumers or businesses to effectively plan for the future.” Consumers’ inflation expectations for the coming year rose to 7.3%, the highest level since 1981.
Hong Kong Stock Connect Records Net Inflow of HK$1.09 Billion on Friday. Among the inflows, China Construction Bank (stock code: 939) saw the largest net inflow of HK$1.14 billion, followed by Geely Automobile (175). On the other hand, the Tracker Fund of Hong Kong (2800) recorded the largest net outflow of HK$1.02 billion, followed by Tencent Holdings (700).
Cheung Cho Shing, Joseph 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/ACQ030/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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