Prize Quiz｜Hong Kong Stock Earnings Week "Clash of Titans": Tencent and Alibaba Results Unveiled, Who Will Take the Lead?

Next week, key stocks in internet, AI, new energy, and gold will "release results in a cluster." Led by the two giants Tencent and Alibaba, which company do you think will be the focus of capital and take the top spot for weekly gains?

Wednesday (March 18):

$TENCENT(00700.HK): Analysts expect Tencent's 2025 Q4 revenue to grow approximately 19.6% year-over-year. The market is watching the resilience of its advertising and gaming businesses, the pace of AI investment, and capital expenditure budgets.

Thursday (March 19):

$BABA-W(09988.HK): Focus includes updates on the 380 billion capital expenditure plan, progress on the Qwen model, and the competitive landscape of flash sales. Analysts expect its operating revenue to exceed expectations, while the market is watching whether its AI-related investments can translate into clearer growth expectations.

$HORIZONROBOT-W(09660.HK): Its Journey 6B chip solution secured 3 million units in mass production orders. Its 2025 revenue outlook is expected to grow approximately 48.5% year-over-year. Post-earnings volatility is usually significant, and the market is watching its order fulfillment.

Friday (March 20):

$XPENG-W(09868.HK): XPeng's Q3 gross margin reached a record high of 20.1%. The company's guidance for 2025Q4 is 125,000 to 132,000 vehicle deliveries. The market will focus on this quarter's gross margin and delivery figures.

$ZIJIN MINING(02899.HK): The company's 2026 target is 105 tons of mined gold and 1.2 million tons of mined copper. The market is watching the dual logic of "current performance + future production."

$ZIJIN GOLD INTL(02259.HK): Closely linked to gold prices, with current geopolitical tensions, its stock price is highly volatile. Analysts expect its operating revenue to be HKD 127.3 billion, representing approximately 63.3% year-over-year growth.