Daily Investment Strategy
Daily focus：China Unicom（762）
China Unicom has announced steady growth in its financial results for the first quarter of 2025. The company's operating revenue reached RMB 103.35 billion, marking a YoY increase of 3.9%. This growth was primarily driven by an increase in service revenue, which rose to RMB 90.88 billion (up 2.1% YoY), and a surge in sales of telecommunications products, which grew by 19.3% to RMB 12.47 billion. Profit attributable to equity holders increased by 5.6% YoY to RMB 5.93 billion, reflecting an improvement in core business profitability. AI-related services maintained double-digit growth, with revenue from smart services climbing 14.0% to RMB 2.10 billion and data services revenue rising 11.3% to RMB 1.84 billion. These achievements highlight China Unicom’s continued efforts to deepen the integration of data and AI, offering flexible one-stop AI service solutions.
Gold rose to $3400/oz
The U.S. Dollar Index continues to weaken, recently hitting a low of 97.9. Amid this significant decline, gold prices have reached new heights, with gold hitting $3,400 per ounce on Monday. This mainly reflects growing market concerns about confidence in dollar-denominated assets. Last week, Trump commented on social media, saying, "The sooner Powell is fired, the better." Additionally, the White House stated that officials are evaluating whether the Federal Reserve Chairman can be replaced. These remarks have impacted the independence between the Federal Reserve and U.S. authorities, complicating the outlook for future interest rate policies and affecting the stability and status of the dollar.
Hong Kong Stock Connect recorded a net inflow of HK$2.3 billion on Thursday, with Alibaba (9988) recording the largest net inflow of HK$835 million, followed by Tencent Holdings (700); Tracker Fund Management (2800) recorded the largest net outflow of HK$1.4 billion, followed by Xiaomi Group (1810).
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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