On June 1st, the AI application sector experienced a sharp rally.
**MEITU (HKEX: 01357)**
Meitu's stock price surged by 24%.
**KINGDEE INT'L (HKEX: 00268)**
Kingdee International's stock price rose over 20%.
Other notable gainers included Maifushi, China Ruyi, Kingsoft Cloud, and Kingsoft Software.
Among major internet companies, Meituan-W rose over 6% ahead of its earnings report, while Tencent Holdings, Alibaba-W, and Xiaomi Group-W each gained more than 2%.
The Huabao Hong Kong Internet ETF (513770), which focuses on core AI tools and is heavily weighted in leading internet stocks, climbed for a second time in the afternoon session, with its price rising 3.23% and intraday turnover reaching 7.57 billion yuan, surpassing the previous day's full-day volume.
On the policy front, the Shanghai Municipal Government released its "15th Five-Year Plan" for the development of the service industry, proposing the development of generative AI technology and the creation of industrial clusters in areas such as facial and image recognition, AR/VR, intelligent transportation, smart logistics, online education, and energy.
Overseas developments also provided a positive backdrop, with software giants like Snowflake, MongoDB, Okta, ServiceNow, and Datadog reporting quarterly results and guidance that exceeded expectations, helping to alleviate market pessimism and renewing investor focus on companies with tangible AI implementation capabilities.
Analysts note that the AI application software sector is transitioning from a phase focused on "having AI" to one centered on "who truly possesses users and scenarios."
Companies with mature workflow orchestration, vertical industry expertise, data feedback loops, and a proven ability to demonstrate commercial value through performance are likely to attract greater market attention.
The Hong Kong internet sector is expected to quickly follow this wave of re-pricing driven by "AI-enabled software."
From an investment strategy perspective, some analysts suggest that June may see increased index volatility and a rotation within the technology sector, highlighting opportunities in high-probability, high-volatility areas like Hong Kong internet stocks while advising caution on segments with excessive recent gains and stretched valuations.
The Huabao Hong Kong Internet ETF (513770) and its feeder fund passively track the CSI Hong Kong Stock Connect Internet Index, which includes top-weighted stocks such as Alibaba-W and Tencent Holdings, offering significant exposure to leading tech giants and AI application companies across various fields.
For investors seeking exposure to Hong Kong technology with potentially lower volatility, the Huabao Hong Kong Large Cap 30 ETF (520560) offers a "tech + dividends" barbell strategy, combining high-growth tech stocks like Alibaba with stable, high-dividend financial stocks.
Comments