Today's counterattack was so healing! The three main themes exploded in turn! How to deal with Montage's lock-up expiration?

Good evening, comrades! 👋

Honestly, today's market rally was incredibly healing!

In the past few days, everyone was scared by external data, chip volatility, and panic over lock-up expirations, constantly worrying that the broader market would continue to dig deeper holes. But today, the Hong Kong stock market slapped all the bears in the face with its performance!

The Hang Seng Index closed up 0.48%, firmly holding above 26,000 points; the Hang Seng Tech Index was even stronger, surging 0.96% to close at 4,875 points, with trading volume also expanding moderately.

Let's break down today's three main money-making themes + the status of our five holdings, focusing on the most concerning strategy for Montage Technology's lock-up expiration 👇

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Today's Three Explosive Themes

1️⃣ AI SaaS + Cloud Tech Leaders (Capital seeking safety in clusters, the absolute core today)

Hardware chips were like a rollercoaster today, swinging so wildly it made people anxious. Smart money quickly learned their lesson, collectively shifting from high to low valuations!

Everyone is afraid of repeated chip washouts, so all funds have flooded into SaaS and cloud service tracks where there is genuine AI monetization and corporate-paid earnings.

The market showed us: $Alibaba-W (09988.HK)$ surged over 7%, while $Baidu Group-SW (09888.HK)$ and $Tencent Holdings (00700.HK)$ strengthened collectively, and Kingdee directly gapped up to break through the half-year line!

The current market logic is very clear: Microsoft Copilot's overseas profit effect is right there. Institutional capital prefers to chase highs and grab shares rather than wait for pullbacks. This isn't short-term concept speculation; it's institutional long-term strategic clustering, a true safe haven in the market!

2️⃣ Earnings-Beating AI Computing Power Ecosystem (Xunce leads, hard earnings wash out bears)

This sector felt wronged in the past few days, blindly panic-sold along with the market, causing many quality targets to drop inexplicably.

But the market always works this way: emotions can deceive, but earnings cannot!

Today, Xunce dropped a bombshell: Q2 revenue surged 389% year-on-year!

They are deeply cooperating with top domestic computing power giants like Mixsi, $Iluvatar CoreX (09903.HK)$, and $Biren Technology (06082.HK)$. This isn't just drawing big pictures; it's real money 落地 (landing) and monetization.

A hardcore earnings report has swept away all the gloom, doubts, and panic from previous days! With extreme washouts in the early stage plus earnings beating expectations, under double support, the valuation repair rally has only just begun!

3️⃣ Photovoltaic New Energy Low-Position Oversold Rebound (The most surprising catch-up theme today)

The most unexpected highlight today was definitely the massive breakout in photovoltaics at low positions!

$Xinyi Solar (00968.HK)$ surged 13.41%, and $GCL Technology (03800.HK)$ rose 11.48%. The entire sector started collectively from low positions with great momentum 🔥

This rally is a perfect example of "ambushing at low positions and eating rotation dividends"!

Photovoltaics fell for months previously, washing chips until they were extremely clean, with valuations squatting at historical bottoms. Plus policy support for green transition, once incremental capital entered, it immediately pulled out an oversold rebound.

The current market rhythm is very healthy: tech leaders are responsible for offense, low-position high-dividend stocks are responsible for defense. Both sides blooming together makes the market bottom super solid!

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💼 Five Swordsmen Breakdown One by One (Mindset + Strategy Explained Thoroughly)

1️⃣$Kyocera Circuit Foil (HK) (01888.HK)$ | Bottom-fishing near the 27.32 annual line! This operation was too comfortable ✅

This low-buying move today was truly a planned sure-win operation, relying completely on no luck!

Besides sharing in my own circle this morning, I also mentioned in the comments section this morning about last night's post: When Kyocera falls near the annual line, it's like walking on a mountain path and reaching a flat, safe area. Risk is extremely low, cost-performance ratio is maxed out!

During the early session, it pulled back to touch the 250-day annual line, and I decisively got on board at 27.32.

The subsequent movement was exactly as predicted: Bottom-fishing funds continued to flood in, the whole-day trend steadily moved upward. This annual line is like a super thick safety airbag, providing extremely strong support!

Oversold gaming is just like this: Buy at the freezing point, and afterwards you only have left profits, no risk. Eating very safely!

2️⃣ 00268 Kingdee International | Gapped up to break through the half-year line! SaaS leader officially accelerating

To be honest, I originally expected Kingdee to grind here at the 120-day half-year line for a few days, washing out trapped positions before breaking through.

But now, funds are grabbing shares too anxiously, giving absolutely no chance for those who missed out!

The early session directly gapped up to stand on the MA120 half-year line. Old resistance directly became new support. This technical signal is super strong!

This sufficiently proves that institutions currently have extremely high recognition of the SaaS AI monetization track.

The key focus for the follow-up is tomorrow: As long as it firmly holds above the half-year line, it is an effective breakout, and the main rising wave scenario is completely opened! For this one, we continue to lock positions and lie flat, just eat meat peacefully!

3️⃣$Xunce (03317.HK)$ | Q2 Surged 389%! Strong acceptance at high levels, bears completely surrender

The star that brought the most relief and brilliance to our holdings today is definitely Xunce!

When it broke below the 100 mark in the past few days, many comrades were panicked and doubted life, thinking the stock was completely ruined.

I kept telling everyone then: If the logic doesn't break during a washout, there's no need to panic. Earnings are the hardest backing!

Today, a explosive Q2 report directly hit all doubts! Revenue increased by 389%, plus the landing of cooperation with top computing power manufacturers, stories turned into actual results, expectations turned into earnings.

High-level oscillation throughout the day, super strong acceptance, violently engulfing previous bearish candles. Short-term sentiment and mid-term logic both repaired. There is still plenty of room for repair later!

4️⃣$Estun (02715.HK)$ | Buddhist-style grinding bottom to accumulate strength, quietly waiting for wind direction rotation

Estun was relatively Buddhist-style today, staying obediently at the bottom accumulating strength.

No choice, today all hot money, traffic, and attention were snatched away by SaaS and earnings explosion stocks. The robotics sector is temporarily not the main line, so cold trading volume is normal.

But everyone must look at the key point: The market differentiation is so sharp, yet it didn't panic sell throughout the process. Bottom support signs are very obvious!

Now is a typical "chip precipitation period", like planting trees needing roots first. Not rising temporarily doesn't mean weak.

Our strategy continues to be Buddhist-style: Don't add positions randomly, don't be impetuous. Hold the support, quietly wait for funds to rotate from high to low!

5️⃣$Montage Technology (06809.HK)$ | Shrinking volume washout of floating chips | Pure emotional adjustment | Key: Complete response plan for lock-up expiration

The most asked-about and most panicked stock today is Montage!

Many comrades saw it drop a few points and thought: Did the logic collapse? Is the lock-up expiration going to cause a big drop?

I'll tell you straight: Today's pressure is purely external chip profit-taking + main force washing floating chips. The fundamentals haven't changed a bit!

External chips rose too crazily in the past few days, needing a rest in the short term, taking the opportunity to wash out a batch of unstable short-term profit-takers.

The hard logic of overseas giants' hundred-billion-dollar AI computing power expenditure and exclusive demand for HBM+DDR5 is still as stable as Mount Tai!

👉 The lock-up timeline + response strategy that everyone cares about most, I'll explain most plainly:

August 9th Sunday is the lock-up registration day. Hong Kong stocks are closed, so there will be no selling;

The actual trading day where orders can be placed for sale and selling pressure exists is next Monday, August 10th!

There is absolutely no need to panic and cut losses prematurely now!

We won't subjectively guess tops or scare ourselves in advance. On Thursday/Friday, I will give two clear plans based on the sector sentiment and market acceptance at that time:

1、Short-term position reduction to avoid shock, then buy back after pullback following the lock-up emotion subsides next week;

2、Firmly hold the base position, ignoring short-term emotional washouts.

Everything follows what the market says, absolutely no emotional operation!

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Three Core Wind Directions to Watch Tonight

1、US Stock AI/Semiconductor Evening Trend (Most Important)

Tonight's trends of chip giants like Micron and AMD will directly determine tomorrow's Hong Kong stock computing power and chip chain opening premium! Whether they can stop falling and stabilize is the key to tomorrow's tech stock counterattack!

2、US Treasury Yields, US Dollar Index Movement

A drop in US Treasury yields will relieve valuation pressure on tech stocks, benefiting SaaS leaders like Kingdee to continue strengthening; conversely, maintain an oscillating mindset, don't chase highs, don't be aggressive.

3、Domestic Frontier Industry Policy Catalysts

Pay attention to tonight's news. Are there any detailed policies related to autonomous and controllable computing power, new quality productive forces, or industrial automation? These could instantly become the ignition point for Estun's low-position rotation!

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Making money in the stock market has never relied on frequent operations, but on keeping discipline, enduring volatility, and choosing the right main line!

Today's market again proved: Dare to buy low when panicking, dare to hold leaders when differentiating, and the market will surely reward patience!

Now, the August oscillating washout is gradually coming to an end. External emotions are slowly recovering, domestic policies are supporting the bottom, and individual stock earnings are being realized successively. The next phase of main rising 行情 is getting closer and closer 🔥

Rest well tonight, recharge your spirit. Tomorrow we continue to steady the rhythm, steadily eat meat, and grasp the repair main line 行情！ 💪