Daily Investment Strategy
Daily focus：Xiaomi（1810）
Xiaomi is expected to announce its first-half 2025 results on August 19th. Despite short-term pressure on its smartphone business, the company demonstrated resilience through market share expansion. Its AIoT business saw steady growth, while electric vehicles (EVs) became a market focus, with strong order response and continued improvement in profit margins. Looking ahead, Xiaomi's long-term strategy of a "full ecosystem for people, cars, and homes" is clear. Increasing EV production capacity will be key to unlocking growth potential and determining its future market position.
Nvidia and AMD to share 15% of their Chinese business revenue to US government
Nvidia and AMD's agreement to share 15% of their China business revenue with the US government marks a significant shift in the global tech trade landscape. This unprecedented arrangement effectively transforms export controls from a national security tool into a source of government revenue, setting a precedent for "pay-for-entry." From a macro perspective, this move reflects the Trump administration's strategy of monetizing trade policy, forcing US companies to pay the government for export privileges. This model could reshape international trade rules. For the global semiconductor supply chain, while the agreement temporarily eases pressure on US-China technological decoupling, it also highlights the direct impact of geopolitical risks on business operating costs.
The Kong Stock Connect recorded a net inflow of HKD 38 million on Monday. Xiaomi Corporation (1810) saw the largest net inflow, reaching HKD 560 million, followed by Akeso, Inc. (9926). XPeng Inc. (9868) recorded the largest net outflow, amounting to HKD 660 million, followed by Innovent Biologics, Inc. (1801).
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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