Guangfa Securities: Hong Kong stock market may continue to fluctuate upwards in the future.

Guangda Securities research report believes that the overall profitability of Hong Kong stocks is relatively strong, while assets such as the internet, new consumption, and innovative drugs are relatively scarce. In addition, despite the continuous rise of Hong Kong stocks for several months, the overall valuation is still relatively low, and the long-term cost-effectiveness is still high. As the trend of the AI industry continues to develop, and with the background of the Fed starting an interest rate cut cycle, the Hong Kong stock market may continue to fluctuate upward in the future.