Daily Investment Strategy
Daily focus：Ubtech（9880）
The Ministry of Industry and Information Technology's "15th Five-Year Plan" aims to foster new-type industrialization and cultivate new productive forces; establish pilot zones for emerging industries, promote the research and application of cutting-edge technologies; explore new growth areas such as humanoid robots, brain-computer interfaces, metaverse, and quantum information; cultivate emerging industries to create new drivers of growth; accelerate the development of AI and robotics, overcome key technologies, and enhance competitiveness. From a technological perspective, Ubtech's Walker S2 features the world's first unmanned, autonomous battery swapping system, enabling 24/7 operation; the new generation model has a cost reduction of approximately 30% compared to the previous generation and supports multi-robot collaborative operation, significantly improving efficiency. Ubtech's technological advantages and its status as the humanoid robotics company with the most real-world applications in automotive factories, could lead to potential orders. Furthermore, its technological development can lay a solid foundation for the development of robotics in China.
Powell's speech reaffirmed his hawkish stance
The S&P 500 closed down 36.83 points, or about 0.55%, at 6,656 on Tuesday, snapping a three-day winning streak. This market volatility was primarily driven by Federal Reserve Chairman Powell's remarks at an economic policy symposium in Washington, D.C., that while the job market remains resilient, inflationary pressures have yet to fully subside, and that there is no "risk-free path" to achieving both employment and inflation. He emphasized that tightening financial conditions could weigh on economic activity, necessitating continued careful consideration in monetary policy. This statement hinted at the Fed's potential to maintain high interest rates for an extended period and cautioned the market against excessively easing expectations regarding the timing of future rate hikes.
The Hong Kong Stock Connect recorded a net outflow of HK$4.07bn on Tuesday, with Alibaba (9988) seeing the largest net inflow of HK$1.67bn, followed by SMIC (0981). Meanwhile, the Hong Kong Stock Connect (2800) saw the largest net outflow of HK$3.27bn, followed by Hang Seng China Enterprises (2828).
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.
The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.
