Analyst
Top Stories
Sector Update | IT Hardware
Our test of iOS 27’s beta showcased solid Siri AI improvements, though it still lacks complex task execution capabilities, which makes it less of a near-term demand driver. Nevertheless, Apple's robust ecosystem and specification upgrades will support sales growth in 2026-27 regardless of its AI capabilities. Beyond iOS updates, emerging AIDC opportunities are gaining traction which is supporting the rally of related stocks. Top picks: Cowell, Lens Technology, and Sunny Optical. Maintain OVERWEIGHT on the IT hardware sector.
Sector Update | Metals And Mining
Fed repricing has become the main constraint for metals after the US-Iran interim peace deal eased the oil-driven inflation shock. Gold’s rebound is capped by higher-yield risks, though central-bank buying maintains a medium-term floor. Copper has corrected from record levels, but supply tightness remains supported by Chile’s downgrade, a slower Grasberg recovery and sulphur/sulphuric acid constraints. We maintain OVERWEIGHT and continued to prefer low-cost and de-risked diversified copper/gold miners.
Technical Analysis
Hang Seng Index And Hang Seng Tech Index Outlook
Top Stories
Sector Update | IT Hardware
Our test of iOS 27’s beta showcased solid Siri AI improvements, though it still lacks complex task execution capabilities, which makes it less of a near-term demand driver. Nevertheless, Apple's robust ecosystem and specification upgrades will support sales growth in 2026-27 regardless of its AI capabilities. Beyond iOS updates, emerging AIDC opportunities are gaining traction which is supporting the rally of related stocks. Top picks: Cowell, Lens Technology, and Sunny Optical. Maintain OVERWEIGHT on the IT hardware sector.
Sector Update | Metals And Mining
Fed repricing has become the main constraint for metals after the US-Iran interim peace deal eased the oil-driven inflation shock. Gold’s rebound is capped by higher-yield risks, though central-bank buying maintains a medium-term floor. Copper has corrected from record levels, but supply tightness remains supported by Chile’s downgrade, a slower Grasberg recovery and sulphur/sulphuric acid constraints. We maintain OVERWEIGHT and continued to prefer low-cost and de-risked diversified copper/gold miners.
Technical Analysis
Hang Seng Index And Hang Seng Tech Index Outlook
Analyst
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