On October 15, the three major Hong Kong stock indices collectively rose in early trading, with the Hang Seng Tech Index, which had previously fallen for seven consecutive days, surging over 1% intraday. In terms of sector performance, technology and internet stocks, as well as gold stocks, generally advanced. The largest A-share ETF tracking the same sector, the Hang Seng Tech Index ETF (513180), followed the index upward, with holdings such as Bilibili, ASMPT, Alibaba, and XPeng Motors leading the gains. Among them, Bilibili rose over 4%.

Recently, multiple institutions have expressed optimism about Bilibili. Macquarie首次給予Bilibili an "outperform" rating with a target price of $36.03. Additionally, Huatai Securities recently initiated coverage of Bilibili with a "buy" rating and a target price of HK$316.5. Huatai Securities stated that it is optimistic about Bilibili's increased market share in the advertising business driven by AI technology, as well as upward revisions to earnings catalyzed by new games.

Public information shows that as of October 14, the latest valuation (PE TTM) of the Hang Seng Tech Index ETF (513180) is 22.64 times, placing it at approximately the 27.36% percentile since the index's launch. This indicates it is still in a historically relatively undervalued range, while its high elasticity and growth potential provide greater upward momentum. Investors without a Hong Kong Stock Connect account can use the Hang Seng Tech Index ETF (513180) to conveniently invest in China's core AI assets. (Offshore Link A/C: 013402/013403)