Daily Investment Strategy
Daily focus：Baidu Group（9888）
Recently signed a multi-year strategic cooperation agreement with China Merchants Group, establishing comprehensive collaboration in areas such as AI cloud, transportation and logistics, and finance. This not only benefits the company's mid- to long-term cloud revenue growth, but also further solidifies its leading position in the intelligent industry transformation. Furthermore, Baidu's self-developed Kunlun 3.0 chip has entered mass production and widespread deployment in China, strengthening its AI computing power advantage and empowering various industries. With the gradual implementation of these agreements and the advancement of technological breakthroughs, Baidu is expected to achieve significant operational growth momentum and a positive long-term outlook.
Fed risk-management cut on rate
On September 17, the Federal Reserve announced its first interest rate cut of the year, a quarter-point cut, lowering the benchmark rate to a range of 4.00%-4.25%. Chairman Powell called this a "risk-management cut" in response to signs of labor market weakness. Newly elected Governor Miran voted for a larger 50 basis point cut. The Fed anticipates two more rate cuts for the remainder of the year. The FOMC emphasized maintaining maximum employment and its long-term 2% inflation goals, and considered that downside risks to the labor market had increased, leading to a cautious decision to cut rates. Notably, one member, Stephen I. Miran, advocated for a 0.5 percentage point cut, but the final cut was only 0.25 percentage points.
Hong Kong Stock Connect recorded a net inflow of HK$9.44 billion on Wednesday, with Alibaba (9988) receiving the largest net inflow of HK$5.05 billion, followed by Meituan (3690). Meanwhile, Xiaomi (1810) saw the largest net outflow of HK$640 million, followed by Akeso Biopharma (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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