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Galax Technology (02729) is included in the Hang Seng Composite Index and is expected to become the standard for Hong Kong stocks
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The Zhitong Finance App learned that on August 21, Hang Seng Index Company announced the results of the Hang Seng Index series quarterly review results up to June 30, 2026. Among them, Galax Technology (02729) was included in the Hang Seng Composite Index. Changes in the Hang Seng Composite Index will be implemented after the market closes on September 4 (Friday) and will take effect on September 7 (Monday). At that time, the Shanghai and Shenzhen Stock Exchange will adjust the scope of investment targets of Hong Kong Stock Connect accordingly. Galax Technology may be transferred to Hong Kong Stock Connect because it meets a range of criteria including market capitalization, liquidity, etc.

Societe Generale Securities pointed out that Galaxis Technology is a leading logistics robot company in China. The company has mastered full-stack technology for on-site logistics automation, has excellent large-scale project plans and implementation capabilities, and is developing an overseas strategy. Cinda Securities said that the company expects revenue from markets outside of mainland China to continue to contribute to growth in the future, using local integrators and existing customers to deepen market penetration in regions already laid out, such as Asia Pacific, Southeast Asia and the Middle East, while actively seeking new business opportunities in North America, Europe and Australia, opening up a new curve of overseas growth.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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