PPT concepts exit, the era of accounting arrives: Zhipu dips low, VST rebounds, Jinhai surges sharply—thoughts written at the point of divergence and transition

Good evening, bros! A perfect close to Monday ✅

Today's market action perfectly matched my weekend prediction: The era of blind, broad-based rallies is over; the market has officially entered a phase of 'extreme structural divergence, where earnings are king.'

It's no longer about thematic speculation or emotional buying sprees. Capital is now extremely picky, only recognizing 'real orders, real cash flow, and real earnings.' Today's full-position performance was highly representative, so let's do a heartfelt review one by one! 👇

Brief Market Summary

The Hong Kong stock market saw overall shrinking volume and sideways movement today, with sentiment significantly cooling compared to Friday's violent broad rally.

Profit-taking at high levels is reluctant to chase highs, but high-quality assets at low levels simply refuse to drop further.

There are currently two main market themes:

✅Leaders with confirmed earnings are banding together for safety.

✅High-quality oversold assets are being bought for repair.

Vague AI concepts and pure PPT-story stocks have basically been abandoned by capital. In this phase of trading, patience + logic is far more important than impulsive chasing!

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💎 Full Position: 5 Holdings - Post-Market Real Performance + Mindset Review

1️⃣$Zhipu (02513.HK)$ | 876.32 - Precise Bottom-Fishing, V-Shaped Reversal Landed!

In the morning session, tech stocks collectively took profits, and Zhipu was indiscriminately dumped, dropping quickly to a low of 857.

At that moment, I saw it immediately: This was the main force washing out panic sellers, not a genuine dump!

Once the V-shaped turn was confirmed, I decisively got in at 876.32.

As a top-tier domestic large model leader, for high-elasticity assets like this, once it drops thoroughly, the rebound will always be the fiercest.

Support below today was super solid, and the short-term oversold repair logic was fully realized.

Trading Strategy: Use trailing stop-losses for the rest of the ride. Don't be greedy, don't hold on stubbornly for the long term; just steadily eat the oversold rebound wave.

2️⃣$Kingdee International (00268.HK)$ ｜The Anchor of My Full Position, Steady to Ridiculous Levels! (Cost: 6.28)

While the broader market oscillated and diverged today, Kingdee moved with the most rhythm.

Rallied during the day, pulled back slightly at the close—this is entirely healthy turnover. Chips are locked up extremely tight, with absolutely no selling pressure.

The logic remains rock-solid:

Declining computing power costs + AI commercialization landing + SaaS real order realization + Institutional banding together.

In such a picky market environment, software leaders with real earnings conversion are the safest haven.

Holding a thick cushion of floating profits, I feel zero volatility in my heart. Continue to hold firm and let profits run!

3️⃣$Lenovo Group (00992.HK)$ ｜Healthy Washout & Turnover, Solid Support (Cost: 22.47)

After the big bullish candle rally last Friday, today's normal shrinking-volume sideways movement digested profit-taking.

Many people panic when they see consolidation, but this is actually the healthiest trend.

The hard logic of AI server demand and the H2 AI PC replacement wave hasn't changed at all.

By adding to positions at the pit bottom of 21.59 previously, I directly pressed my cost into the safe zone. Now, it's completely a state of 'advance to attack, retreat to defend.'

Short-term washouts are just gathering momentum; we just need to wait for a breakout with increased volume.

4️⃣$VSTars (00856.HK)$ ｜Fully Escaped the Grinding Bottom! Successfully Turned Profitable! (Cost: 9.63)

This stock is truly a victory forged through endurance!

For the past few days, it was grating, drifting lower, and washing out traders. Many couldn't handle it and cut losses at the bottom. I kept emphasizing to everyone: The fundamentals are fine; this was purely an emotional false breakdown!

Today, it finally welcomed a volume-driven counterattack, strongly reclaiming the 5-day moving average, closing at 9.775, and directly turning profitable!

The half-year line bottom-building is completely confirmed, and the repair rally for the computing power distribution leader has officially opened.

Insisting on not cutting at the floor and not getting washed out earlier looks like completely correct moves in hindsight! 💯

5️⃣$$Jinhai Medical Technology (02225.HK)$ ｜🛡️Sudden Surge in the Afternoon! Single-Day Skyrocket of 8.52%! (Cost: 3.789)

Perfectly fulfilled the saying I often use: Small-cap stocks grind your patience during consolidation, but once they start, you get your fill!

All morning, it steadily held the 30-day moving average, shrinking volume to wash out floating chips. In the afternoon, as the tech sector diverged, capital rotated directly into low-position healthcare.

The centralized procurement boot has dropped, and bad news is fully priced in. Now, it's purely a low-valuation catch-up rally.

Directly flipped from slight loss to red (profit) and eating meat. The rhythm was grasped tightly!

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Key Focus Tonight | 3 Major Messages Determining Tomorrow's Market Rhythm

Overseas market movements tonight will directly affect sentiment for tomorrow's HK stock market open. Focus on these three areas:

1. Implementation of Heavyweight HK Stock Policy Benefits: Ten major capital market cooperation measures have been introduced, directly stabilizing HK stock liquidity and the overall valuation floor. Guaranteed support for the broader market!

2. US ISM Manufacturing PMI Data: Impacts US Treasury bonds and USD trends, determining the liquidity environment for tech stocks tomorrow.

3. Earnings Reports from US AI & Cloud Leaders: Continues to verify AI commercialization capabilities, directly driving the trend expectations for targets like Kingdee and Zhipu!

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✅ Today's divergent market action once again verifies one thing: Markets never lack opportunities; they lack patience and discipline.

VSTars has endured its repair, Jinhai has rotated upward, core assets are steadily rising, and oversold assets are being bought for profit.

Don't chase highs, don't panic, don't switch stocks frequently. Following the market rhythm is the most stable way to profit 💪

Bros, did you recover your blood today? Chat in the comments about your holdings and results! 🤝