Abstract: We analyzed the 2026E earnings revisions of HS TECH index component stocks for May 2026. The index consensus EPS fell 2.6% month-on-month to HK$235.8 from HK$242.1, with 16 stocks revised down against 11 revised up, while the HS TECH index itself rose 0.74% over the period from 4,871 to 4,908. Individual stock EPS revisions contributed -HK$6.35 to the index EPS in aggregate. MEITUAN (HK$-2.55), Kuaishou (HK$-1.73), XIAOMI (HK$-1.38), and LI AUTO (HK$-1.01) were the largest drags on index EPS, while JD.COM contributed the most positively at +HK$1.70. Among individual stock EPS revisions, NIO saw the sharpest consensus cut at -38.1% month-on-month and LI AUTO fell -27.5%, while JD.COM gained +5.4% and BIDU rose +4.8%.
HORIZON ROBOTICS, NTES, MEITUAN, NIO, JD.COM, LI AUTO
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