Galaxy Securities: The zones with better-than-expected interim performance in the Hong Kong stock market are expected to catch up.

Jin10 data reported on July 21, Galaxy Securities stated that in the global equity market, Hong Kong stocks are at a relatively low absolute valuation level, with valuation percentiles at a historically above-average level. Looking ahead, it is recommended to follow the following zones: 1. Under the disturbance of uncertainties both domestically and internationally, high dividend targets can provide investors with relatively stable returns. 2. Zones with increasing favourable information or where favourable information is continuously fermenting, such as stablecoin concept stocks, innovative drugs, AI industry chain, and “anti-involution” industries. 3. Zones with mid-term report performance exceeding expectations; those with mid-term report performance better than expected in Hong Kong stocks are likely to see a rebound.