--- title: "Hong Kong Cross-Sector Landscape: AI Infrastructure Spends Surge While Traditional Property Leans on Buybacks" type: "News" locale: "en" url: "https://longbridge.com/en/news/293841788.md" description: "A divergence is expanding across Hong Kong equities in mid-2026. While GDS Holdings and Pony AI report triple-digit growth metrics driven by tech infrastructure demand, property and industrial heavyweights like Henderson Land and Conch Cement are deploying capital toward defensive share repurchases." datetime: "2026-07-26T09:18:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293841788.md) - [en](https://longbridge.com/en/news/293841788.md) - [zh-HK](https://longbridge.com/zh-HK/news/293841788.md) generator: "portal-rs" --- # Hong Kong Cross-Sector Landscape: AI Infrastructure Spends Surge While Traditional Property Leans on Buybacks Hong Kong equities are demonstrating a sharp structural divergence in mid-2026, as capital flows heavily favor next-generation technology infrastructure over traditional industrial and real estate sectors, according to recent corporate filings and analyst reports. Companies tied to artificial intelligence and autonomous driving are raising full-year forecasts and securing large capacity orders, while cyclical heavyweights increasingly lean on share repurchases and cost-optimization to defend their valuations against macro headwinds. ### Henderson Land (0012.HK) Henderson Land is targeting a 27% year-on-year increase in core profit for the first half of 2026, according to Morgan Stanley analysts. The developer has logged over 2,600 unit sales year-to-date through mid-June, generating approximately HKD 29.5 billion. The stock has outperformed the broader real estate index, bolstered by high-margin residential completions and steady rental income from its "The Henderson" commercial property. ### H World Group (1179.HK) H World Group reported a 38.6% jump in adjusted net income to RMB 1.07 billion for the first quarter of 2026. Total revenue rose 11.1% to RMB 6.0 billion, as RevPAR climbed to RMB 214. The hotel operator is targeting 2,200 to 2,300 new openings this year as it pursues deeper penetration into lower-tier cities and expands its brand matrix. ### Amasse Capital Holdings (1718.HK) Amasse Capital Holdings maintains a quiet operational profile as Hong Kong's corporate consulting and financial services sector navigates fluctuating transaction volumes. Trading activity remains subdued pending further fundamental catalysts or broader market restructuring events. ### GDS Holdings (9698.HK) GDS Holdings is nearing a massive capacity expansion, planning to invest between RMB 30 billion and RMB 50 billion over the next three years to capture AI infrastructure demand. First-quarter net profit surged 247.1% to RMB 2.65 billion. The data center operator recently secured an approximately 500-megawatt capacity order from ByteDance and is evaluating a USD 500 million offshore bond issuance, according to people familiar with the matter. ### Anhui Conch Cement (0914.HK) Anhui Conch Cement is leaning on share repurchases to stabilize its valuation amid a structural downturn in China's construction market. The cement producer executed multiple buybacks in July 2026, including a HKD 14 million purchase of H shares. Management indicated the company is actively seeking M&A opportunities in aggregates and commercial concrete to offset declining traditional cement demand. ### Pony AI (2026.HK) Pony AI raised its full-year forecast for its Robotaxi business after segment revenue soared 395.4% to RMB 59.12 million in the first quarter. Total quarterly revenue grew 145% to RMB 236 million. The autonomous driving startup is targeting a fleet of over 3,500 vehicles and recently formed a strategic maintenance partnership with JD Auto to support its expanding operations, which now include public rollouts in Singapore. ### Chervon Holdings (3417.HK) Chervon Holdings continues to navigate a complex macroeconomic environment for outdoor power equipment. The sector broadly remains focused on inventory destocking dynamics and consumer spending trends across key North American and European markets. ### BOC Hong Kong (82388.HK) BOC Hong Kong is positioned to benefit from a potentially hawkish Federal Reserve, with JPMorgan analysts projecting a net interest margin of roughly 1.6% for FY 2026 and 2027. This is expected to drive high-single-digit growth in net interest income. Operationally, the bank expanded its fee-waiver program for elderly customers across over 3,000 ATMs in July. ### Lopal Tech (2465.HK) Lopal Tech expects a dramatic turnaround in its first-half 2026 earnings, projecting a net profit of RMB 373 million to RMB 448 million, reversing an RMB 85 million loss a year earlier. The 538% to 625% surge is primarily driven by booming downstream demand in the LFP battery and energy storage sectors. ### Hang Seng S&P 500 ETF (3195.HK) The Hang Seng S&P 500 ETF continues to track broader macro tech sentiment and the rate trajectory of the US Federal Reserve, serving as a primary vehicle for capital seeking exposure to Wall Street mega-caps. *This article does not constitute investment advice.* ### Related Stocks - [01179.HK](https://longbridge.com/en/quote/01179.HK.md) - [01718.HK](https://longbridge.com/en/quote/01718.HK.md) - [09698.HK](https://longbridge.com/en/quote/09698.HK.md) - [02026.HK](https://longbridge.com/en/quote/02026.HK.md) - [82388.HK](https://longbridge.com/en/quote/82388.HK.md) - [02465.HK](https://longbridge.com/en/quote/02465.HK.md) ## Related News & Research - [H World prices CNY 3.35 billion senior bond offering due 2031](https://longbridge.com/en/news/298574807.md) - [BOC Hong Kong (Holdings) (SEHK:2388) Could Be 11% Undervalued On Earnings And Dividend News](https://longbridge.com/en/news/298164993.md) - [BlueCrest Capital Management Ltd Makes New $7.51 Million Investment in GDS Holdings $GDS](https://longbridge.com/en/news/298561289.md) - [H World Group Limited Announces Proposed Offering of CNY-denominated Bonds | HTHT Stock News](https://longbridge.com/en/news/297970281.md) - [Is GDS Holdings (NasdaqGM:GDS) Undervalued Or Is Its Recent Weakness Already Priced In?](https://longbridge.com/en/news/298119619.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**