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.
The Federal Reserve announced a 25 basis point interest rate cut
Following its FOMC meeting, the Federal Reserve lowered the target range for the federal funds rate from 3.75%-4.00% to 3.50%-3.75%, and simultaneously initiated the purchase of short-term U.S. Treasury bonds. Fed Chairman Jerome Powell emphasized after the meeting that "the next rate hike" is not anyone's base case assumption, and that job growth may actually be overestimated. He stated that job growth may have slightly turned negative since April, and the labor market is continuing to cool gradually, perhaps only slightly more moderately than previously expected. Regarding inflation, he indicated that the impact of tariffs is expected to gradually subside next year. He said that the current interest rate level allows the Fed to patiently wait and observe how the economy evolves.
Hong Kong Stock Connect saw a net outflow of HK$1.02bn on Wednesday, with Xiaomi Group (1810) experiencing the largest net inflow at HK$620mn, followed by Agricultural Bank of China (1288). On the other hand, the Tracker Fund of Hong Kong (2800) recorded the largest net outflow at HK$1.56bn, followed by Tencent Holdings (0700).
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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