Daily Investment Strategy
Daily focus：XPeng (9868)
The company expects to leverage its new models and technology upgrades in 2026 to capitalize on its dual-power strategy of plug-in hybrid and pure electric vehicles, accelerating its expansion in the Chinese and global markets. Its overseas business is actively expanding, covering 52 countries and promoting localized mass production, which will help strengthen its sales base. AI and robotics technologies are leading industry transformation, with mass production of humanoid robots and advancements in autonomous driving applications expected in 2026. Technology licensing will also bring new revenue streams. The company possesses a leading advantage in the intelligent vehicle and innovation sectors, and its future performance is expected to steadily grow as its technologies are implemented and production capacity increases.
Dow Jones index under pressure
US stocks fluctuated overnight, with the Dow Jones Industrial Average experiencing a significant pullback. The core issue lies in the market's current rare macroeconomic "data vacuum." The record-breaking US government shutdown forced delays in the release of key September non-farm payroll data and inflation reports, leaving investors without a basis to assess a soft landing for the economy before the Federal Reserve's interest rate meeting next month. Furthermore, investors remain concerned that this year's stock market rally has relied too heavily on a few tech giants. High-leverage investment driven by AI capacity expansion has also exacerbated concerns about a tech bubble. The market views Nvidia as a "litmus test" for this round of strong tech stock rebound.
Hong Kong Stock Connect saw a net inflow of HK$8.4 billion on Monday, with the Tracker Fund of Hong Kong (2800) experiencing the largest net inflow at HK$3.7 billion, followed by Alibaba (9988). On the other hand, Ganfeng Lithium (1772) recorded the largest net outflow at HK$0.83 billion, followed by SMIC (981).
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.
The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.
