First live broadcast of the Year of the Horse: Will Hong Kong stocks continue to be strong? Can the Hang Seng Index test 28,000 points again this year? Are there any concerns in the US stock market? | #HongKongStocks #USStocks #Investment | 2026-02-20

First live broadcast of the Year of the Horse (2026): Will Hong Kong stocks continue their strong performance? Can the Hang Seng Index test 28,000 points again this year? Are there any concerns in the US stock market? | #HongKongStocks #USStocks #Investment | 2026-02-20

00:00 Program starts

$Value Gold ETF (03081.HK)$

Outlook for Hong Kong stocks in the Year of the Horse (2026): The Hang Seng Index is unlikely to surpass 30,000 points this year, and is expected to fluctuate within a range of 25,000 to 27,200 points. Performance of index constituent stocks will generally be under pressure.

Capital flow and 'Gini coefficient': Market is extremely polarized (widening Gini coefficient). Capital will continue to flee from platform-based tech stocks (Tencent, Alibaba, Meituan, etc.) and flow into specific sectors such as energy, robotics, and agricultural products.

Platform-based tech stocks remain weak: Key reasons include: 1) Difficulty expanding overseas, intense competition in the domestic market, stagnant growth; 2) Signs of distribution at highs, forming a downward trend; 3) Market concerns over regulatory risks resurfacing.

US stock market outlook: Overall weakening. The seven major tech giants (Microsoft, Amazon, Google, Apple, Tesla) have weakened, with valuation and AI debt issues raising concerns. The Nasdaq continues to trade narrowly, but reversal signals have emerged, making market operations highly challenging.

Tencent ($TENCENT (00700.HK)$Tencent ( ) remains bearish, with an accelerating downtrend. Breaking below the key level of HKD 530 is dangerous.

Alibaba ($BABA-W (09988.HK)$Alibaba ( ) shows weak performance and continues to decline. Not recommended for participation.

Meituan ($MEITUAN-W (03690.HK)$ ) has a poor trend and is still in a downward trend. Participation is not recommended.

Kuaishou ($KUAISHOU-W (01024.HK)$ ) is affected by regulatory issues, showing a weak trend, continuing to fall after breaking through a key point. It's better not to catch the falling knife; a rebound might be followed by another drop.

Hong Kong Exchanges and Clearing ($HKEX (00388.HK)$ ) is 'not my cup of tea.' The trend is weak in line with the broader market. If the index performs poorly, it may test the significant level at HKD 394 again, which must hold.

TTI ($TECHTRONIC IND (00669.HK)$ ) points out that this is the only strong stock among the Hang Seng Index components. No specific trading levels provided.

SenseTime ($SENSETIME-W (00020.HK)$ ) is a pure AI concept stock, favored by capital. Worth keeping an eye on.

Zhipu ($KNOWLEDGE ATLAS (02513.HK)$One of the stocks highly favored by Sun Zi in the long term, which experienced a shakeout (rising from 220 yuan to 620 yuan, nearly tripling), belongs to an extremely strong stock. Worth keeping an eye on.

Minimax ($MINIMAX-W (00100.HK)$) Described as 'Wife’s Gold 2.0', a strong AI model stock. Worth keeping an eye on.

AIXIN Meta (Newly listed/unclear code) The world's largest high-end visual endpoint AI inference chip company surged today, and it is worth focusing on and studying. Attention should be paid to its IPO price and subsequent trend.

CICC (China International Capital Corporation)$CICC (03908.HK)$) The defensive level is at 20.3 yuan, with resistance at 23 yuan. The trend correlates positively with A-shares. Whether the high position can hold requires observation.

基石藥業 ($CSTONE PHARMA-B (02616.HK)$) Stabilized today, showing a reversal signal, but the consolidation period has not been long enough. It is expected to fluctuate within the range of 6.4 yuan to 5.6 yuan to build strength.

Minimally invasive robot ($MEDBOT-B (02252.HK)$) Resistance levels mentioned above are at 30.5 yuan and 32.9 yuan.

China Software International ($CHINASOFT INT'L (00354.HK)$ ) is in a downward trend. Must avoid, not worth considering.

Fubao Group ($VOBILE GROUP (03738.HK)$ ) If the stock price returns to 66 yuan, I will consider exiting.

China Unicom ($CHINA UNICOM (00762.HK)$ ) The rebound momentum is moderate. Resistance level is around 7.76 yuan.

Sanhua $SANHUA (02050.HK)$ is at a critical resistance level. Resistance above at 40.9 yuan, support below at 35.8 yuan, seems consolidation is not yet complete.

Tesla (TSLA) shows weak momentum. Key level mentioned is at 433 yuan.

NTR (fertilizer stock) Crop fertilizers are the third sector worth watching this year (in addition to energy and robotics). Keep an eye on it.

Energy stocks (oil, coal) are relatively safe sectors among the Hang Seng Index components, influenced by geopolitical factors (US-Iran relations). Worth paying attention to.

Robot concept stocks, including components, screws, and photosensitive elements, are one of the key focuses this year. Must pay attention.

Disclaimer: The above content is a summary of viewpoints from the February 20, 2026 video 'Sun Zi Major Account,' and does not constitute any investment advice. Market risks are extremely high, and mentioned prices and strategies are time-sensitive; independent judgment is essential. _________________________________________________________________________________

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Investing in equity funds may involve potential risks (if applicable), including general investment risks, stock market risks, industry/market concentration risks, active/passive investment risks, tracking error risks, trading risks, financial derivatives risks, securities lending transaction risks, and risks of distributions paid from capital. All sharing in this video is purely personal; the content shared is not investment advice, nor does it constitute any offer, solicitation, or recommendation for investment products. Additionally, I cannot guarantee the accuracy and completeness of the content. I hold long and short positions as well as derivatives in the companies or assets mentioned in this video and will buy and sell without prior notice. Efforts are made to remain objective and impartial when writing, but there might be biased discussions regarding the assets held. Investment involves risks; readers should consider whether the investment is suitable for their individual circumstances and must apply independent thinking, verification, and analysis. Readers' investment decisions and any profits or losses resulting from such investments are entirely unrelated to me.

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