Daily Investment Strategy
Daily focus：UBTECH (9880)
UBTECH recently signed a strategic cooperation agreement with Zhuoshi Future. The two companies will focus on "industry models + embodied intelligence," planning to jointly deploy 10,000 humanoid robots over the next five years. This cooperation not only covers industrial manufacturing but also extends to high-potential fields such as healthcare and education, targeting commercial orders worth tens of billions of RMB. This signifies that UBTECH has successfully moved beyond the simple "proof of concept" stage and officially entered the fast lane of large-scale commercialization, providing a high degree of certainty for future revenue.
Markets Incline for Precautionary Easing by the Fed
Overnight, US initial jobless claims unexpectedly fell to a three-year low, creating a strong "data divergence" with the earlier weak ADP employment report and record corporate layoffs, leading to a divergence in market opinions regarding a soft landing for the US economy. However, the interest rate futures market has become more aggressive in betting that the Fed will ignore the data noise and implement rate cuts. This unusual phenomenon reveals a key shift in the current macroeconomic logic: investors believe the Fed's policy response function has shifted from simple "data dependence" to "precautionary easing," meaning policymakers are more inclined to proactively cut rates to hedge against potential economic slowdown risks.
Hong Kong Stock Connect saw a net inflow of HK$1.5 billion on Thursday, with the Tracker Fund of Hong Kong (2800) experiencing the largest net inflow at HK$2.61 billion, followed by WuXi Biologics (2269). On the other hand, Tencent Holdings (700) recorded the largest net outflow at HK$1.35 billion, followed by SMIC (981).
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.
