Faurecia: It is expected that the Hang Seng Index's basic target for 2026 will be 28500 points, and we are optimistic about sectors such as AI and Siasun Robot & Automation.

Tan Huimin, Chief Investment Strategist of Societe Generale Private Banking in Hong Kong, expressed optimism about the global stock market performance in 2026, predicting that the Hang Seng Index's full-year target will be 28500 points. In terms of sector selection, she is bullish on sectors such as artificial intelligence (AI), Siasun Robot & Automation in the Hong Kong stock market, and also favors some high-yield stocks. She mentioned that although several global stock markets have reached historical highs, the mainland and Hong Kong stock markets have not yet peaked, mainly because Hong Kong stocks surged significantly last year. She estimates that the increase this year will not be as large as last year's. Additionally, with the mainland also hoping for the stock market to develop healthily, a "slow bull" market would be the ideal situation. She expects there won't be too many stimulating policies, and the USD to RMB exchange rate is expected to remain around 7 levels throughout the year. As for the Hong Kong property market, she estimates that residential property prices will continue to remain stable, but commercial real estate prices are unlikely to adjust completely.