Daily Investment Strategy
Daily focus：Haidilao（6862）
Recently, the imposition of tariffs by the United States has had a significant impact on global markets, particularly putting pressure on export-dependent companies, and the Hong Kong stock market has also been affected. According to Haidilao's (6862) annual performance announcement as of December 31, 2024, the company's stable performance in the mainland China catering market and its growth strategy driven by domestic demand provide investors with investment opportunities in domestic demand stocks.
Vietnam and Cambodia Lead Negotiations with the United States
The trade war between the United States and China has escalated, with both countries imposing additional tariffs on each other, causing a profound impact on global markets. Stock markets have plummeted, investor risk aversion has increased, and the fear index has soared to recent highs, indicating heightened concerns about economic prospects. Meanwhile, China has announced restrictions on rare earth metal exports as a countermeasure, exacerbating the supply chain crisis. These developments show that the US-China rivalry has expanded from trade to strategic resources, posing challenges to global economic stability, and markets may continue to fluctuate in the short term. Investors need to closely monitor developments to adjust their investment strategies accordingly.
On the other hand, Vietnam and Cambodia have shown different strategies in response to the US's reciprocal tariff policies. Facing a 46% high tariff pressure, the Vietnamese government quickly established a response team and expressed willingness to reduce import tariffs on US goods to zero. Cambodia has also implemented some tax reductions on goods and sent a letter to the US seeking negotiations, demonstrating a willingness to cooperate. These responses reflect the vulnerability of Southeast Asian countries in the reshaping of the global trade order and highlight the profound impact of US policies on countries highly dependent on supply chains and economies. In the short term, the results of bilateral negotiations will become the focus of market attention.
On Thursday, the Stock Connect recorded a net inflow of HKD 28.8 billion, with the Tracker Fund of Hong Kong (2800) recording the highest net inflow of HKD 6.07 billion, followed by the Hang Seng China Enterprises Index (2828). Shenzhou International (2313) recorded the highest net outflow of HKD 10 million.
Cheung Cho Shing, Joseph 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/ACQ030/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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