SGSENTM@EC2608A

NTES-S

KWAN YONG

PEIJIA-B

REMEGEN

RADIANCE HLDGS

POP MART

BAOZUN-W

ARCHOSAUR GAMES

XIAOCAIYUAN

HEPALINK

00020

01024

89888

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On March 31, the three major Hong Kong stock indices collectively closed lower. Market sentiment was significantly pressured by macroeconomic data fluctuations and external environmental factors, with the Hang Seng Tech Index plunging to a near two-week low. The market displayed a clear characteristic of "heavyweight retreat, thematic activity": influenced by oil price volatility and performance expectations, the oil and gas sector and leaders such as YOFC were among the top decliners, while heavyweight tech stocks like Tencent, BABA-W, and Xiaomi also generally weakened. Overall, the market lacks upward momentum in the short term, and investors are focusing on sector rotation and structural opportunities guided by macroeconomic indicators

- On March 31, Hong Kong's three major indices fell collectively, with the Hang Seng Index closing at 24,788.14, showing a slight increase of 0.15%.  
- The Hang Seng Tech Index plummeted 0.86% to 4,649.82, reaching a near two-week low due to negative sentiment in the tech sector, while the China Enterprises Index dropped 0.30%.  
- Key stocks like Tencent and Baidu showed minor gains, but major declines were observed in stocks such as Xiaomi and Alibaba, confirming market pressures amidst external economic fluctuations.

LB Select

SENSETIME-W

KUAISHOU-W

BIDU-SWR

BABA-W

CNOOC

UNITEDENERGY GP

SYNAGISTICS

SEYOND

PATEO

CMON

C TRANSMISSION

RONGZUN INT’L H

YOFC

BYD COMPANY

SMIC

Hong Kong Stock Market Closing | Three Major Indices Underperform, Tech and Oil/Gas Sectors Slump, Small-Cap Thematic Stocks Explode Against the Trend

HSBC Global Research has lowered the target price for SenseTime to HKD 2, maintaining a "Hold" rating. The report points out that although SenseTime is a pioneer in China's AI industry, it faces fierce competition from emerging competitors such as ByteDance and Alibaba. It is expected that SenseTime's revenue will grow by 29% this year to RMB 6.478 billion, with EBITDA turning positive for the first time at RMB 791 million

AASTOCKS

"Big Banks" Huayan lowers SenseTime's target price to 2 yuan, focusing on competition in the AI market position

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Today, Hong Kong's three major indices collectively trended lower, with market sentiment significantly pressured by the external environment and policy changes; the Hang Seng TECH Index retreated by nearly 0.5%. On the market front, the oil and gas sector fell across the board due to international oil price fluctuations, with CNOOC and UNITEDENERGY GP leading the declines. Internet giants diverged; while TENCENT rose slightly, its intraday short-selling turnover exceeded HK$3 billion, indicating intense long-short contention. Meanwhile, the market showed clear structural opportunities, with retailers and the AI sector performing actively. JST GROUP, COWELL, and other stocks surged significantly, while Asymchem jumped 12% against the trend, bolstered by strong earnings and dividend plans. Overall, competition among existing funds within the market intensified, and investor caution remained high, with capital flows tilting toward high-performance stocks and those supported by buybacks

- Hong Kong's major indices experienced significant adjustments, with the Hang Seng Index at 24,719.62, down 0.13%.  
- The oil and gas sector faced notable declines, influenced by international oil price fluctuations, while retail stocks showed volatility with significant gains for some companies.  
- Market sentiment remains cautious amid concerns over liquidity and external economic conditions, suggesting differentiated risk preferences and structural opportunities.

TENCENT

PHANCY

HORIZONROBOT-W

JST GROUP

COWELL

J&T EXPRESS-W

Asymchem

XIAOMI-W

ZIJIN GOLD INTL

ZIJIN MINING

MEITUAN

Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline

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SenseTime CEO Xu Li stated that the company will actively promote the localization of computing power, expecting annual capital expenditure and revenue to grow linearly, mainly investing in domestic chips. Currently, SenseTime's total computing power exceeds 40,000 PetaFLOPS, with computing power supported by domestic chips being less than 6,000 P. Xu Li emphasized that technological optimization is the core response to cost challenges, having achieved phased results last year and completed a placement fundraising of nearly HKD 3.15 billion to support the company's development needs

- Artificial intelligence (AI) is driving increased capital investment from tech companies, with SenseTime's CEO Xu Li announcing plans to promote domestic computing power and expect capital expenditure to grow in line with revenues.  
- SenseTime currently possesses over 40,000 PetaFLOPS of total computing power, yet domestic chips support less than 6,000 PetaFLOPS, leading the company to stockpile domestic chips to address performance gaps with foreign competitors.  
- The company completed a significant capital raise of HKD 3.15 billion last year and plans to optimize its organizational structure, enhancing synergy within its AI core business through a "1+X" strategy while pursuing a "trinity" commercialization model.

Tasty Money

Guotai CSI Computer Theme ETF

ChinaAMC Guozheng Semiconductor Chip ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

China Southern CSI Semiconductor Industry Custom ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

SenseTime Technology (0020) CEO Xu Li: Will actively promote the localization of computing power

Citi released a research report stating that SenseTime-W's performance last year exceeded market expectations, with a year-on-year revenue growth of 33%, and EBITDA turning positive in the second half to RMB 376 million. It is expected that this year's revenue will grow by 25% to 30%, and adjusted EBITDA will turn profitable. Despite raising the revenue forecasts for 2026 and 2027 by 4%, the target price has been lowered from HKD 3 to HKD 2.7, maintaining an "outperform" rating

In "The Big Banks," Citigroup lowers SenseTime's target price to 2.7 yuan, with earnings exceeding expectations and a rating of "Outperform the Market."

SenseTime Group will launch a large model based on the new NEO architecture in the second quarter of this year, achieving a complex task completion rate of up to 94.3%. Chairman Xu Li stated that future AI needs to understand multimodal information, rather than just converting voice and images into text processing. The new model enhances efficiency in office scenarios, and SenseTime will charge based on "solving a problem" rather than on a token basis. In addition, SenseTime is deeply compatible with domestic chips, and it is expected that by 2026, the proportion of domestic computing power will increase, focusing on visual business in overseas markets

- SenseTime (020) plans to launch a new large model based on the NEO architecture in Q2 2026, enhancing efficiency in handling business problems by seamlessly switching between image and language processing.  
- The chairman, Xu Li, critiques the saturation of pure language models and emphasizes the necessity for AI systems to truly understand multimodal information rather than merely converting everything to text for processing.  
- The new model boasts a complex task completion rate of 94.3%, with a focus on improving overall efficiency in office scenarios and a shift away from token-based pricing towards a solution-based pricing model.

Stheadline

SenseTime will launch a brand new model with a complex task completion rate of up to 90%. Xu Li: In the future, AI needs to understand multimodal information

Guotai Haitong analyst has maintained a Buy rating on SenseTime Group, Inc. Class B (0020) with a price target of HK$2.72, while the shares closed at HK$1.86. Additionally, DBS’s Edmond Fok also rated it a Buy on March 25, but TipRanks upgraded it to a Hold on March 26.

- Guotai Haitong analyst maintained a Buy rating on SenseTime Group, Inc. Class B with a price target of HK$2.72, while shares closed at HK$1.86.  
- Additionally, DBS’s Edmond Fok issued a Buy rating on the same stock on March 25.  
- Conversely, on March 26, TipRanks – PerPlexity upgraded SenseTime Group, Inc. Class B to a Hold rating.

Tip Ranks

New Buy Rating for SenseTime Group, Inc. Class B (0020), the Technology Giant

Huatai Securities has reaffirmed its Buy rating for SenseTime Group, Inc. Class B (0020), setting a price target of HK$2.26, while the shares closed at HK$1.86. Additionally, DBS’s Edmond Fok also issued a Buy rating on March 25. However, TipRanks reiterated a Hold rating on March 26.

- Huatai Securities has maintained a Buy rating on SenseTime Group, Inc. Class B, setting a price target of HK$2.26, while the shares closed at HK$1.86.  
- Additionally, Edmond Fok from DBS also assigned a Buy rating on March 25.  
- However, TipRanks reiterated a Hold rating for SenseTime Group, Inc. Class B on March 26.

Huatai Securities Sticks to Its Buy Rating for SenseTime Group, Inc. Class B (0020)

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As of noon, the three major indices of the Hong Kong stock market rose collectively, with the Hang Seng Index approaching the 24,993-point mark and the Hang Seng Tech Index returning above 4,811 points. Market sentiment is relatively stable, with heavyweight and tech stocks resonating upward. In terms of sectors, the restaurant and retail industries performed strongly, with Haidilao leading the midday gains at 6.47%, and core assets such as Meituan and BYD leading in trading volume. Investors are closely monitoring macroeconomic data and performance guidance from core sectors, with overall market trading remaining active

- As of March 27, 2026, Hong Kong’s stock market indices showed positive movement, with the Hang Seng Index at 24,993.64, up 0.55%.  
- Notable performances included Haidilao, which rose 6.47%, reflecting recovering demand in the restaurant sector, while macroeconomic indicators are drawing investor focus.  
- The trading volume highlighted major players, including Meituan and Tencent, with respective figures of 62.41 billion HKD and 59.09 billion HKD amid mixed sector performance.

Market Heartbeat

HAIDILAO

JD-SW

BEONE MEDICINES

BIDU-SW

TIANQI LITHIUM

LI AUTO-W

Hong Kong Stock Midday Review | Hang Seng Index Approaches 25,000 Points, Strong Performance in Dining Retail with Haidilao Up 6.47%

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Hong Kong stocks were under pressure during intraday trading on March 26, with the three major indices collectively retreating, led by the Hang Seng TECH Index. The jewelry retail, catering, and internet content sectors saw the largest declines, while POP MART and Kuaishou were actively traded but experienced sharp price drops. Overall market sentiment remains cautious as investors closely monitor Federal Reserve policy directions and economic trends in mainland China

- As of March 26, Hong Kong stocks are experiencing pressure, with major indices retreating after yesterday's highs, reflecting cautious sentiment.  
- The Hang Seng Index reported a drop of 1.86%, while the Hang Seng Technology Index fell by 3.06%, indicating widespread declines in retail and internet sectors due to weakened consumer confidence.  
- Investors are closely monitoring U.S. Federal Reserve policies and domestic economic growth, influencing market dynamics and liquidity concerns moving forward.

Hang Seng Index

LEAPMOTOR

BRIGHT SMART

MENGNIU DAIRY

CHINA LIFE

Hang Seng TECH Index

Hong Kong Stocks Intraday | Hang Seng Index Down 1.86%, POP MART Drops Over 11%

SenseTime Group (SEHK:20) reported a revenue of C¥2.7b and a basic EPS loss of C¥0.01 for 2H FY 2025, narrowing losses from C¥0.05 in 2H 2024. Despite a trailing 12-month revenue of C¥5.0b, the company still faces significant losses, with a net income loss of C¥1,765.93m. Analysts forecast a 20.2% annual revenue growth, but the company remains loss-making, raising concerns about profitability. The current share price of C¥1.88 suggests a 13.3x P/S ratio, higher than the industry average, with a target price of C¥2.81 indicating potential upside.

- SenseTime Group reported FY 2025 second half revenue of C¥2.7 billion, with a basic EPS loss of C¥0.01.  
- The company has experienced improving revenue trends but is still loss-making, with a trailing 12-month loss of C¥1.77 billion amid expectations of 20.2% annual revenue growth.  
- Analysts indicate a 49.5% upside potential based on target prices, despite the valuation showing SenseTime trading at a premium price-to-sales ratio compared to industry averages.

Simplywall

SenseTime Group (SEHK:20) Loss Narrowing In 2H FY 2025 Tests Growth Heavy Bull Case

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Dow futures rose nearly 400 points, Hong Kong stocks continued to rise over 300 points in the early session, SenseTime's performance increased by 4.7%, and XUNCE surged by 13%. The market anticipates a de-escalation in the situation in Iran, with Trump proposing a one-month ceasefire. U.S. stock futures rebounded, and the Hang Seng Index opened 216 points higher this morning, currently reported at 25,387 points, up 323 points. SenseTime announced a revenue of 5.015 billion yuan last year, with losses narrowing to 1.766 billion yuan. XUNCE will announce its performance this Friday

XUNCE

Dow Jones Industrial Average

Dow Jones futures rose nearly 400 points, Hong Kong stocks continued to rise over 300 points in the early session, AI stocks were favored with SenseTime rising 4.7% after earnings, XUNCE surged 13%

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SenseTime Group FY revenue RMB 5,014.6 million

marketscreener

Tianhong CSI Computer Theme ETF

SenseTime Group FY revenue RMB 5,014.6 million

SenseTime Group Inc. Reports Earnings Results for the Full Year Ended December 31, 2025

SenseTime Group Inc. Reports Earnings Results for the Full Year Ended December 31, 2025

A17U. hopefully wont put a dent to its share price even after money raised. positive news overall i guess.

For SingTel, I will add when there is more pullback.

Dacai

Although Singtel's stock plunged 5.4% due to a network outage, its performance has always been strong and it's still a quality stock. Buy!

Apple

Tiffany lover

Total asset size ranks among the top 2% of account holders
Calculated based on  your Longbridge (Singapore) A/C

Total Assets

Alibaba chip strategically important for China AI, but not a near term threat to NVIDIASK Hynix HBM push confirms strong AI demand bullish for Micron Technology, but Hynix stays aheadSingtel drop short term risk remains better to wait, but attractive on deeper dips for yield investors

Victor y

Total asset size ranks among the top 50% of account holders
Calculated based on  your Longbridge (Singapore) A/C

Commemorative

Hi guys ☕️ Big news: Alibaba dropping a new chip? SK Hynix goes all in on HBM. Apple teases a big one at WWDC. Singtel tanks 5.4%. CapLand Ascendas REIT goes big. Plus 6 earnings. What's catching your eye? 👇

XL2CSOPHYNIX

SingTel

Alps Active REIT ETF

Apple Group

Invesco QQQ Trust

Proshares UltraPro QQQ

SPDR S&P 500

CapLand Ascendas REIT

Sarine Tech

Alibaba

WUXI BIO

MIXUE GROUP

HESAI-W

GameStop

SingTel 10

Singtel

BABA-WR

Alibaba HK SDR 5to1

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

WuXi Biologics

SENSETIME-WR

Hesai

Crossamerica Partners LP

☕️ Daily Market Talk | March 24, 2026

Seriously, Singtel stop making my life hard. I need the connectivity. Can't believe they are so terrible. I am cancelling my plan with them and will short it!

I believe Alibaba is going to surprise the market with a major new chip product. 💪🏽It is also surprising that no one is talking about yesterday’s gold movement. Gold has never, in history, dropped 10% and then rebounded 10% in a day. The decline itself was the first of its kind in 40 years.

Singtel -5.4% on outage is a buying opportunity if you believe network reliability is fixable. Core business unchanged

$XTALPI(02228.HK) We must wait for the President to inject confidence into the market! It feels like there's no trading opportunity for the time being. The crazy ones, like minimax, have already gone to the moon, but I know it's definitely the second SenseTime. The difficult ones are struggling at the bottom. For example, bte/eth, waiting for the President and the Fed to figure it out. What's needed for the midterm elections.

Baytex Energy

XTALPI

🚀 Who do you think is foreign capital’s top choice for investing in China‘s AI?With the Chinese AI sector heating up, all eyes are on where foreign capital is flowing. Is the smart money on computing infrastructure, full-stack technology, or hardware independence?Alibaba $Alibaba(BABA.US)has drawn renewed interest from Cathie Wood’s Ark Invest, betting on its massive AI infrastructure plan (exceeding 380 billion yuan) and its new collaboration with NVIDIA $NVIDIA(NVDA.US)on “Physical AI.” Baidu $Baidu(BIDU.US)is favored for its integrated capabilities from chips to models. Meanwhile, Tencent’s industrial AI, SMIC’s role in chip sovereignty, and SenseTime’s vision expertise present compelling alternative bets.$SMIC(00981.HK)$TENCENT(00700.HK)$Tencent(TCEHY.US)$SENSETIME-W(00020.HK)

SGSENTM@EC2608A(27180.HK)

SGSENTM@EC2608A Stock Performance Chart

Hong Kong Stock Market Closing | Three Major Indices Underperform, Tech and Oil/Gas Sectors Slump, Small-Cap Thematic Stocks Explode Against the Trend

"Big Banks" Huayan lowers SenseTime's target price to 2 yuan, focusing on competition in the AI market position

Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline

SenseTime Technology (0020) CEO Xu Li: Will actively promote the localization of computing power

In "The Big Banks," Citigroup lowers SenseTime's target price to 2.7 yuan, with earnings exceeding expectations and a rating of "Outperform the Market."