Daily Investment Strategy
Daily focus：Alibaba（9988）
During the 6.18 promotion period, transaction volume increased by about 10%, mainly benefiting from the national subsidy policy and simplified promotion strategy, which led to a decrease in the return rate and improved consumer experience. The platform will continue to support high-quality brands and promote fast logistics services to promote user participation. Live sales in overseas markets were enthusiastic, consumers in many countries responded positively, and brand influence increased. The overall sales performance was stable, laying the foundation for future performance growth.
Trump says Israel and Iran have agreed to ceasefire, crude oil price falls
US President Trump posted on his social media platform “Truth Social” stating that Israel and Iran have agreed to ceasefire. WTI oil prices sharply fell to $65/barrel, while Brent oil prices fell back to $67/barrel, with declines exceeding 8%. Regarding US economic data, the S&P Global June Manufacturing Purchasing Managers’ Index (PMI) remained steady at 52, the highest since February. An index above 50 indicates that manufacturing is in an expansion state. The input prices index rose 5.4 points to 70, the largest increase in four years.
On Monday, the Southbound Stock Connect recorded a turnover of HKD 7.89 billion. Meituan (3690) saw the largest net inflow, amounting to HKD 1.51 billion, followed by China Construction Bank (939). On the other hand, Alibaba (9988) experienced the largest net outflow, reaching HKD 1.29 billion, followed by CNOOC (883).
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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