Daily Investment Strategy
Daily focus ： Real-Time Quote
J&T Express (1519): demonstrated strong growth momentum in the Southeast Asian market. During the recent "Double 6" shopping festival, its total parcel volume in the Southeast Asian market reached 213 million pieces, a significant year-on-year increase of 83.5%, with parcel volumes in Indonesia and Thailand surging by 112% and 89% respectively. These impressive business figures indicate that the operations of core customers have not been substantially affected by external negative factors, and the company's core growth logic remains solid.
A continued sell-off in tech stocks weighed on US stocks
A continued sell-off in tech stocks weighed on US stocks, with all three major indices falling for the first time this week. The US May CPI rose 4.2% year-on-year, a three-year high, while core CPI rose 2.9% year-on-year, but the month-on-month increase slowed and fell short of expectations. Wall Street institutions believe that this CPI data reinforces the logic of maintaining high interest rates for a longer period, but is not enough to trigger a rate hike. The market predicts the Federal Reserve will raise interest rates by about 26 basis points by the end of the year, not significantly different from before the data release.
Hong Kong Stock Connect saw a net inflow of HK$8.243 billion on Wednesday. The Tracker Fund of Hong Kong (02800) saw the largest inflow at HK$4.06 billion, followed by Tencent Holdings (00700) with an inflow of HK$1.99 billion. Alibaba-W (09988) recorded the largest net outflow at HK$2.37 billion, followed by CNOOC (00883) with a net outflow of HK$195 million.
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.