Daily Investment Strategy
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JL Mag(6680): announced a positive profit alert its first half net profit to reach RMB 400 million to RMB 460 million, representing a year-on-year increase of 31% to 51%. Non-GAAP net profit performed even better, surging by 57% to 83%. Although approximately RMB 121 million in new expenses such as equity incentives and convertible bond issuance were included during the period, the second quarter's non-GAAP net profit still increased by 50% to 97%, indicating strong organic growth. With the peak season approaching in the second half of the year, order volume is expected to further rebound, and the anticipated release of Tesla's Optimus V3 will continue to attract market attention. With strategic planning for rare earth inventory and strong rare earth prices, gross profit margin is expected to continue to expand.
The U.S. labor market cooled more than expected in June
Data released by the U.S. Bureau of Labor Statistics showed that non-farm payrolls increased by only 57,000 in June, about half of the market expectation of 113,000, and far below the revised 129,000 in May (initial figure 172,000). The U.S. labor market cooled more than expected in June, with job growth falling short of half of expectations. Previous data was significantly revised downwards, leading to a more cautious market outlook and prompting investors to reassess the Federal Reserve's monetary policy path. Market bets on a Fed rate hike have narrowed significantly, with the timing of the hike now expected to be pushed back from October to December.
Hong Kong Stock Connect saw a net outflow of HK$1.974 billion on Thursday. UBTECH (09880) saw the largest inflow at HK$397 million, followed by Zhipu (02513). Hua Hong Grace (01347) recorded the largest net outflow at HK$1.72 billion, followed by Kingboard Laminates (01888).
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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