Daily Investment Strategy
Daily focus：China Resources Beverage（9880）
UBTECH Robotics announced that following its nearly Rmb 100 million contract for humanoid robots in July, it recently secured another Rmb 250 million contract for embodied robots, continuing its record as the world's largest humanoid robot order. The contract primarily targets UBTECH's newly launched Walker S2 model, and the company will begin contract deliveries this year. UBTECH has now secured a total of Rmb 400 million in robot contracts.
Non-farm payroll data fell far short of expectations
The US August non-farm payroll report showed only 22,000 new jobs, far below the market expectation of 75,000. The unemployment rate climbed to a near four-year high of 4.3%, highlighting a sharp cooling in the labor market. This reinforced market expectations that the Federal Reserve will enter another rate cut cycle in September. Investors now believe the probability of a rate cut at the September meeting has risen to 99%, while the focus of discussion on the extent of the cut has shifted from 25 basis points to a possible 50 basis points. Expectations of a rate cut have pushed down US Treasury yields, and a weaker US dollar will provide support for emerging market currencies.
Hong Kong Stock Connect recorded a net inflow of HK$5.6 billion on Friday, with Alibaba (9988) receiving the largest net inflow of HK$2.14 billion, followed by Meituan (3690). Meanwhile, 3SBio (1530) saw the largest net outflow of HK$570 million, followed by Kuaishou (1024).
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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