Jingu Finance News | Guoyuan International stated that overall, with the overall valuation of Hong Kong stocks having been somewhat restored, the market has started to consolidate after the previous sharp rise, and currently there is an increase in the wait-and-see sentiment of funds, with continuous shrinkage in the trading volume of Hong Kong stocks. However, the bank believes that the valuation is in the process of rebuilding. On a macro level, as the currently published economic data indicate a relatively weak current economic recovery momentum, market funds are waiting for further policy implementation. In the future, if positive factors emerge, such as improvement in macroeconomic data, the release of bullish policies, and improvement in corporate performance, it may trigger a new round of market rebound.
The bank believes that the current investment symbols in the internet sector should still revolve around gaming expansion overseas, the implementation of AI scenarios, and the recovery of demand for cloud computing services. It is recommended to focus on symbols including China Literature (00772), Newborntown (09911), Tencent (00700), Kingdee Int'l (00268). For US stocks, it is advisable to focus on symbols related to consumer recovery, including Booking (BKNG US), Spotify (SPOT US), and Amazon (AMZN US).
