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【Hong Kong Stock Market Update】Hang Seng Index Rebounds 200 Points; Pop Mart Drops Nearly 16% Post-Earnings; Meituan Surges 10%, Alibaba Rises 5% (Continuously Updated)
【Hang Seng Index / Hang Seng Index / HSIC / Hang Seng Index / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened higher but softened, with a slight midday gain. Signs of easing in Middle East conflicts continued, with the Hang Seng Index opening up 216 points, at 25,280. It rose as much as 326 points after the market opened, reaching a high of 25,390. The gains narrowed later, and the Hang Seng Index closed midday with only a slight increase of 9 points, at 25,072, with a turnover of HKD 151.29 billion. The Tech Index underperformed, down 0.5%, at 4,807 points. Zijin (02899) rose over 1%, CNOOC (00883) fell over 3%, Xiaomi (01810) dropped nearly 3% after earnings, and Nongfu Spring (09633) surged over 8% post-earnings.
US stocks are continuously updating; see details on the next page.
Financial Daily:
Market Trends:
【13:39】Meituan (03690), which will announce earnings tomorrow, rose by 10% to a high of HKD 87.5. Alibaba (09988) also gained over 5%, while Tencent (00700) was slightly weaker, down 0.5%.
【13:34】Meituan (03690) jumped 7%, reaching HKD 85.85.
【13:33】Hong Kong stocks turned higher, up over 100 points, with the latest at 25,226, up 162 points. Turnover was HKD 18.37 billion. The Tech Index rose 1.1% to 4,885.
【13:27】【HK Stock Analysis】 The Hang Seng Index once surged over 300 points, briefly crossing the bull-bear line. Analysis: If a ceasefire agreement is ultimately reached, Hong Kong stocks could rise to around 26,300 points.
【13:24】【9633 Analysis】 Nongfu Spring surged nearly 10% after earnings, beating expectations in profit and revenue. Analysis: The results are “impeccable.”
【13:11】【371 Earnings】 Beijing Enterprises Water (371) net profit fell 6.9% last year, with a final dividend increased by over 1% to HKD 0.0925.
【13:06】Hong Kong stocks turned lower in the afternoon, down about 20 points to 25,041, still above 25,000.
【13:06】Pop Mart (09992) fell over 14% after earnings, hitting a low of HKD 185.
【12:47】【9992 Earnings】Pop Mart’s net profit last year was RMB 12.78 billion, nearly tripling, with 17 IPs earning over HKD 100 million. The Monsters earned RMB 14.16 billion, and Star People’s income grew 16-fold.
【12:37】【6181 Major Bank Report】Old-brand gold stocks are favored by two foreign institutions, though Nomura lowered its target price by 5%, citing gold price concerns.
【12:30】【Sports Goods 2020 Earnings】Anta Sports (2020) net profit fell 12.9% to RMB 13.59 billion, with revenue surpassing HKD 80 billion for the first time. Final dividend is HKD 1.08.
【12:00】 Hang Seng Index midday up 9 points, at 25,072, with a turnover of HKD 151.29 billion. The Tech Index underperformed, down 0.5%, at 4,807. Zijin (02899) rose over 1%, CNOOC (00883) fell over 3%, Xiaomi (01810) declined nearly 3%, and Nongfu Spring (09633) surged over 8% after earnings.
【11:53】Zejing (02632), which dipped yesterday, rebounded 60% on its first day of listing, reaching HKD 45.6.
【11:46】Hong Kong stocks’ midday gains narrowed to about 30 points.
【11:44】【1810 Analysis】Xiaomi (01810) fell over 3%, with smartphone gross margin dropping to 8.3%. Capital expenditure doubled. He Qicong: Low gross margin + cost pressure.
【11:32】【9992】Pop Mart’s earnings before release rose 3%, with plans to launch World Cup series toys and Labubu holding the World Cup trophy.
【11:09】【3320 Earnings】 China Resources Medical (3320) surged over 10% after earnings, with profit up 20% last year and a 1.3-fold increase in final dividend to RMB 0.122.
【11:03】Tencent (00700) down over 1%, Alibaba (09988) up nearly 1%, Meituan (03690) up over 1%.
【10:59】Wuxi Biologics (02269) fell 3% against the trend.
【Wuxi Biologics (02269) Earnings】 Last year, net profit increased 46% year-on-year, with gross margin rising to 46%.
【10:51】Market’s gain further narrowed to about 150 points, around 25,200.
【10:48】【US-China Relations】Reportedly, China Investment Corporation is considering reallocating assets to US asset managers.
【10:26】【CKH’s Port Sale】CKH’s Panama port claim increased to over USD 2 billion, accusing the Panamanian government of attempting to delay international arbitration.
【10:19】CKH (00001) rose 2%. Its Panama port subsidiary said it has expanded its claim in the arbitration case, stating that after the government’s “illegal takeover” of the port and assets a month ago, losses have now exceeded USD 2 billion.
【10:16】The Hang Seng Index initially surged up to 326 points, reaching 25,390, but the rise slowed to about 207 points, at 25,271, with a turnover of HKD 90.5 billion. The Tech Index rose 1.4% to 4,900.
【09:43】SenseTime (00020) narrowed net loss, rising over 5% to a high of HKD 2.02.
【SenseTime Earnings】 Last year, net loss narrowed 59% to RMB 1.77 billion, with EBITDA first recorded in the second half.
【09:43】WH Group (00288) rose over 4% after earnings, reaching HKD 10.05 earlier.
Pork stocks｜WH Group: China’s meat sales expected to turn positive this year; Middle East conflict has limited impact; full-year pre-valuation profit increased 8.2%, with a final dividend of HKD 0.41.
【09:43】Zijin (02899) up over 4%, Zijin Gold International (02259) up over 7%, Zhaojin (01818), Shandong Gold (01787) up 5%, Lingbao Gold (03330) up 8%.
【Gold Price Trend】Gold prices ended nine consecutive declines! Spot gold back above USD 4,500 per ounce. Local gold price increased HKD 1,800 per tael in one day.
【09:22】 Hang Seng Index continued to open higher, up 216 points, at 25,280, with a turnover of HKD 4.92 billion. Xiaomi (01810) fell 2% after earnings, defying the trend. Alibaba (09988) rose over 1%, Zijin (02899) up nearly 4%, CNOOC (00883) down 3%.
【1810 Earnings】Xiaomi CEO Lu Weibing admits memory price hikes pose huge challenges; invested RMB 16 billion in AI this year; Q4 revenue grew 7.3% YoY, with an adjusted profit of RMB 6.35 billion, beating expectations (second edition).
【09:08】Hang Seng Index futures up about 91 points, at 25,138.
【07:45】【Morning Brief】Trump: Rubio and Vance involved in Iran negotiations｜Xiaomi Q4 adjusted profit RMB 6.35 billion, beating expectations.
【07:45】Signs of easing in Middle East conflicts; as oil prices fall, night futures close up 11 points, at 24,972. The China concept stock index fell 0.4%, closing at 6,771.
| ADR | HKD Equivalent | Change from HK Market Close | | Meituan ADR | 78.12 | -1.11% | | Tencent ADR | 509.51 | -0.87% | | HSBC ADR | 124.10 | +0.41% | | Alibaba US Stock | 122.78 | -0.34% | | Baidu US Stock | 110.10 | -2.22% |
More Hong Kong ADRs and Chinese concept stocks quotes:
【07:30】Multiple US media report that the US is engaging with Iran on a ceasefire plan. Iranian officials deny Trump’s claims of behind-the-scenes negotiations but confirm the US has sent messages and proposals. US stocks are slightly weak; Dow fell 438 points to 45,769, then closed down 84 at 46,124. S&P 500 declined 0.4%, at 6,556; Nasdaq dropped 0.8%, at 21,761.
See US stock market close:
Hong Kong stocks yesterday’s market, details see: 【Hong Kong Night Futures + ADR + Northbound Funds】 Night futures closed up 11 points, Baidu US stocks fell 2%.