Daily Investment Strategy
Daily focus：Alibaba（9988）
Alibaba uses Amap as a strategic entry point into the local lifestyle sector, launching innovative services such as the " Amap Street Rankings." This platform leverages user behavior data and a trustworthy mechanism to effectively enhance the authenticity of rankings. Alibaba also provides over RMB1bn in subsidies to incentivize offline consumption and the development of small and medium-sized businesses. Amap monthly active users have reached 947mn and continue to grow. The platform's collaboration with Alipay and Taobao is expected to further unlock traffic dividends and monetization potential.
The US PPI for August fell short of expectations, further increasing the likelihood of a rate cut
The S&P 500 index closed at 6,532 points on September 10, up 0.3%, reaching a new record high. The Producer Price Index (PPI) fell 0.1% month-over-month in August, with the core PPI also down 0.1%, below expectations and indicating easing inflationary pressures. Although US tariffs have increased import costs for businesses, manufacturers have become more cautious in pricing, cooling wholesale inflation. The PPI is a leading indicator of inflation, and the Federal Reserve is expected to cut interest rates as scheduled at the September FOMC meeting. Tonight's release of the August Consumer Price Index (CPI) will examine whether the tariff costs have been passed on to household spending, a key focus for investors.
On Wednesday, the Hong Kong Stock Connect recorded a net inflow of HK$7.57bn. Alibaba (9988) received the largest net inflow of HK$4.51bn, followed by Bilibili (9626). Meanwhile, Pop Mart (9992) got the largest net outflow of HK$1.71bn, followed by AKESO (9926).
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.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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