<p>大華銀行表示，中國股市在 5 月份因缺乏新的催化劑而回調，恒生指數和 MSCI 中國指數分別下跌了 2.3% 和 3.4%。該券商預計美國股市在 3 月底以來的上漲後將進入整固階段，而中國市場可能在 6 月份與美國市場同步下行。該券商認為這是一個積累在 2026 年下半年有更強收入增長的股票的好機會。</p>
<p>該券商將 COWELL (01415.HK) -0.120 (-0.417%) 空頭頭寸 $14.72M; 比率 19.064% ，CHINA RES MIXC (01209.HK) +0.940 (+2.272%) 空頭頭寸 $169.23M; 比率 48.921% ，NTES-S (09999.HK) -4.500 (-2.333%) 空頭頭寸 $525.36M; 比率 30.907% 和 WUXI APPTEC (02359.HK) +1.000 (+0.810%) 空頭頭寸 $174.39M; 比率 31.716% 納入其買入名單，並將 LI AUTO-W (02015.HK) -0.600 (-1.048%) 空頭頭寸 $241.15M; 比率 35.749% 納入其賣出名單。</p>
<p>股票 | 投資評級 | 目標價 (港元)</p>
<p>BABA-W (09988.HK) -1.100 (-0.891%) 空頭頭寸 $1.89B; 比率 20.283% | 買入 | 港元 188</p>
<p>COWELL (01415.HK) -0.120 (-0.417%) 空頭頭寸 $14.72M; 比率 19.064% | 買入 | 港元 48</p>
<p>CHINA RES MIXC (01209.HK) +0.940 (+2.272%) 空頭頭寸 $169.23M; 比率 48.921% | 買入 | 港元 55</p>
<p>BEONE MEDICINES (06160.HK) -4.900 (-2.918%) 空頭頭寸 $1.57B; 比率 48.230% | 買入 | 港元 257</p>
<p>LI AUTO-W (02015.HK) -0.600 (-1.048%) 空頭頭寸 $241.15M; 比率 35.749% | 賣出 | 港元 40</p>
<p>MINTH GROUP (00425.HK) -1.100 (-3.165%) 空頭頭寸 $17.54M; 比率 9.029% | 買入 | 港元 56</p>
<p>NTES-S (09999.HK) -4.500 (-2.333%) 空頭頭寸 $525.36M; 比率 30.907% | 買入 | 港元 252</p>
<p>TRIP.COM-S (09961.HK) -5.200 (-1.388%) 空頭頭寸 $88.75M; 比率 10.371% | 買入 | 港元 624</p>
<p>WUXI APPTEC (02359.HK) +1.000 (+0.810%) 空頭頭寸 $174.39M; 比率 31.716% | 買入 | 港元 170</p>
<p>ZIJIN MINING (02899.HK) -0.360 (-1.080%) 空頭頭寸 $300.79M; 比率 21.310% | 買入 | 港元 50.6</p>
<p>（香港股票報價延遲至少 15 分鐘。空頭頭寸數據截至 2026-06-05 16:25。）</p>

高偉電子

網易-S

網易

<p>UOB Kay Hian 將 COWELL 和 NTES-S 納入其買入名單，建議在回調時進行購買。該券商指出，由於缺乏新的催化劑，中國股市在五月份出現回調，並預計美國股市將進行整固。UOB Kay Hian 將此次下跌視為積累強勁收入增長股票的機會，同時還更新了其他幾家公司的評級，包括將 Li Auto-W 納入其賣出名單</p>

<p>UOB Kay Hian said China’s equity market pulled back in May in lack of new catalysts, with the HSI and MSCI China Index sinking 2.3% and 3.4% MoM, respectively. The broker expected US equities to enter a consolidation phase after a spike since end-March, while China’s market may move lower in tandem with the US in June. The broker viewed this as a good opportunity to accumulate stocks with stronger revenue growth in 2H26.</p>
<div class="lb-trans"><p>大華銀行表示，中國股市在 5 月份因缺乏新的催化劑而回調，恒生指數和 MSCI 中國指數分別下跌了 2.3% 和 3.4%。該券商預計美國股市在 3 月底以來的上漲後將進入整固階段，而中國市場可能在 6 月份與美國市場同步下行。該券商認為這是一個積累在 2026 年下半年有更強收入增長的股票的好機會。</p>
</div><p>The broker added COWELL (01415.HK) -0.120 (-0.417%)  Short selling $14.72M; Ratio 19.064%  , CHINA RES MIXC (01209.HK) +0.940 (+2.272%)  Short selling $169.23M; Ratio 48.921%  , NTES-S (09999.HK) -4.500 (-2.333%)  Short selling $525.36M; Ratio 30.907%  and WUXI APPTEC (02359.HK) +1.000 (+0.810%)  Short selling $174.39M; Ratio 31.716%  to its Buy list, and added LI AUTO-W (02015.HK) -0.600 (-1.048%)  Short selling $241.15M; Ratio 35.749%  to its Sell list.</p>
<div class="lb-trans"><p>該券商將 COWELL (01415.HK) -0.120 (-0.417%) 空頭頭寸 $14.72M; 比率 19.064% ，CHINA RES MIXC (01209.HK) +0.940 (+2.272%) 空頭頭寸 $169.23M; 比率 48.921% ，NTES-S (09999.HK) -4.500 (-2.333%) 空頭頭寸 $525.36M; 比率 30.907% 和 WUXI APPTEC (02359.HK) +1.000 (+0.810%) 空頭頭寸 $174.39M; 比率 31.716% 納入其買入名單，並將 LI AUTO-W (02015.HK) -0.600 (-1.048%) 空頭頭寸 $241.15M; 比率 35.749% 納入其賣出名單。</p>
</div><p>Shares | Investment Ratings | TPs (HKD)</p>
<div class="lb-trans"><p>股票 | 投資評級 | 目標價 (港元)</p>
</div><p>BABA-W (09988.HK) -1.100 (-0.891%)  Short selling $1.89B; Ratio 20.283%  | Buy | HKD188</p>
<div class="lb-trans"><p>BABA-W (09988.HK) -1.100 (-0.891%) 空頭頭寸 $1.89B; 比率 20.283% | 買入 | 港元 188</p>
</div><p>COWELL (01415.HK) -0.120 (-0.417%)  Short selling $14.72M; Ratio 19.064%  | Buy | HKD48</p>
<div class="lb-trans"><p>COWELL (01415.HK) -0.120 (-0.417%) 空頭頭寸 $14.72M; 比率 19.064% | 買入 | 港元 48</p>
</div><p>CHINA RES MIXC (01209.HK) +0.940 (+2.272%)  Short selling $169.23M; Ratio 48.921%  | Buy | HKD55</p>
<div class="lb-trans"><p>CHINA RES MIXC (01209.HK) +0.940 (+2.272%) 空頭頭寸 $169.23M; 比率 48.921% | 買入 | 港元 55</p>
</div><p>BEONE MEDICINES (06160.HK) -4.900 (-2.918%)  Short selling $1.57B; Ratio 48.230%  | Buy | HKD257</p>
<div class="lb-trans"><p>BEONE MEDICINES (06160.HK) -4.900 (-2.918%) 空頭頭寸 $1.57B; 比率 48.230% | 買入 | 港元 257</p>
</div><p>LI AUTO-W (02015.HK) -0.600 (-1.048%)  Short selling $241.15M; Ratio 35.749%  | Sell | HKD40</p>
<div class="lb-trans"><p>LI AUTO-W (02015.HK) -0.600 (-1.048%) 空頭頭寸 $241.15M; 比率 35.749% | 賣出 | 港元 40</p>
</div><p>MINTH GROUP (00425.HK) -1.100 (-3.165%)  Short selling $17.54M; Ratio 9.029%  | Buy | HKD56</p>
<div class="lb-trans"><p>MINTH GROUP (00425.HK) -1.100 (-3.165%) 空頭頭寸 $17.54M; 比率 9.029% | 買入 | 港元 56</p>
</div><p>NTES-S (09999.HK) -4.500 (-2.333%)  Short selling $525.36M; Ratio 30.907%  | Buy | HKD252</p>
<div class="lb-trans"><p>NTES-S (09999.HK) -4.500 (-2.333%) 空頭頭寸 $525.36M; 比率 30.907% | 買入 | 港元 252</p>
</div><p>TRIP.COM-S (09961.HK) -5.200 (-1.388%)  Short selling $88.75M; Ratio 10.371%  | Buy | HKD624</p>
<div class="lb-trans"><p>TRIP.COM-S (09961.HK) -5.200 (-1.388%) 空頭頭寸 $88.75M; 比率 10.371% | 買入 | 港元 624</p>
</div><p>WUXI APPTEC (02359.HK) +1.000 (+0.810%)  Short selling $174.39M; Ratio 31.716%  | Buy | HKD170</p>
<div class="lb-trans"><p>WUXI APPTEC (02359.HK) +1.000 (+0.810%) 空頭頭寸 $174.39M; 比率 31.716% | 買入 | 港元 170</p>
</div><p>ZIJIN MINING (02899.HK) -0.360 (-1.080%)  Short selling $300.79M; Ratio 21.310%  | Buy | HKD50.6</p>
<div class="lb-trans"><p>ZIJIN MINING (02899.HK) -0.360 (-1.080%) 空頭頭寸 $300.79M; 比率 21.310% | 買入 | 港元 50.6</p>
</div><p>(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-05 16:25.)</p>
<div class="lb-trans"><p>（香港股票報價延遲至少 15 分鐘。空頭頭寸數據截至 2026-06-05 16:25。）</p>
</div>

UOB Kay Hian Adds COWELL, NTES-S to Buy List, Recommends Buying on Pullbacks

- 中資股市在五月回調，HSI 和 MSCI 中國指數分別下跌 2.3% 和 3.4%。  
- UOB Kay Hian 預計美股將進入整固期，中國市場或隨之走低。  
- 增加 COWELL 和 CHINA RES MIXC 於買入名單，LI AUTO-W 列為賣出。

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大華繼顯將高偉電子和網易-S 列入買入名單，並建議在股價回調時買入