Daily Investment Strategy
Daily focus：Li Auto（2015）
Li Auto recently officially launched its all-electric vehicle, the i6, with a starting price of 249,800 RMB. Following its launch, the i6 received a positive market response. By the afternoon of the launch day, it had already accumulated over 20,000 pre-orders. Regarding production capacity, Li Auto plans to increase the monthly production of the i6 to 25,000 units by December, with an expected annual production of 45,000 to 50,000 units. Despite the intense competition in the electric vehicle market, the Lixiang i6 is expected to capture a larger market share with its superior hardware and intelligent features, further propelling Li Auto' growth in the new energy vehicle sector.
US Core PCE in line with expectation
The US core PCE rose 2.9% year-over-year in August, in line with expectations. The overall PCE rose 2.7% year-over-year, slightly higher than July's 2.6%. Month-over-month, core PCE rose 0.2%, while overall PCE rose 0.3%. Service prices were the primary drivers, particularly for airfare, hotels, and financial services. Overall consumer spending rose 0.6% month-over-month, while income also increased 0.4%. The data indicates that inflation remains above the Federal Reserve's 2% target, raising concerns about rising tariffs and near-term interest rate cuts. Overall, the market viewed the data as a neutral signal. Risk assets benefited in the short term as inflation did not exceed expectations, while policy expectations remained on the sidelines.
the Hong Kong Stock Connect saw a net inflow of HKD 10.5 billion on Friday, with Alibaba (9988) recording the largest net inflow at HKD 2.41 billion, followed by Horizon Robotics (9660). On the other hand, XPeng (9868) saw the largest net outflow at HKD 291 million, followed by SMIC (1347).
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.
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