By South China Morning Post | Created at 2025-04-04 05:06:32 | Updated at 2025-04-05 01:25:32
20 hours ago
A DeepSeek-powered chatbot launched in March by Hong Kong’s largest online broker Futu Securities International offered the following advice when asked how conglomerate CK Hutchison’s recent attempt to sell strategic ports in Panama and other countries would affect its stock price.
“Short-term traders to stay cautious and observe stock price stabilising above the 5-day moving average,” the Futubull artificial intelligence (AI) chatbot said in a demo. “Long-term traders, instead, should build positions in batches as low valuation (price-earnings ratio 9.96, price-to-book ratio 0.32) and high dividend yield provide a margin of safety.”
The bot also advised investors to pay close attention to changes in the company’s debt ratio.
Nasdaq-listed Futu is among around 20 Chinese brokers and fund managers, including Sinolink Securities and CICC Wealth Management, that have embraced AI large language models developed by DeepSeek, a Hangzhou-based start-up. Tiger Brokers, an online broker backed by shareholders including Chinese electronics maker Xiaomi and renowned US investor Jim Rogers, also adopted DeepSeek in February.
By integrating DeepSeek models into their businesses, these firms are changing the way they conduct research, manage risks, make investment decisions and interact with clients.
Brokerages are joining the trend to attract more retail investors, who lack the time, professional training and sophisticated tools that brokerages use to conduct thorough research and data analysis, said Kenny Tang, chairman of the Hong Kong Institute of Financial Analysts and Professional Commentators.
