【Hong Kong Stock Night Futures + ADR + Northbound Funds】Night futures close down 8 points; Meituan ADR down 2% from Hong Kong (updating continuously)

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【Hang Seng Index / Hang Seng / HSIC / Hang Seng Index / HK Stocks / Night Futures / ADR】 According to Trump’s remarks, there has been progress in Iran situation, night futures down 8 points, closing at 24,782 points. China concept stocks fell 2.6%, closing at 6,721 points. After Meituan’s earnings, ADR stock prices initially rose, once up 3.8% compared to Hong Kong, but due to macro factors, turned lower at close, ending 1.6% below the Hong Kong closing price.

| ADR | HKD Equivalent | Change from Hong Kong Close | | Meituan ADR | 85.29 | -1.62% | | Tencent ADR | 490.94 | -0.94% | | HSBC ADR | 124.62 | -0.14% | | Alibaba US Stock | 122.67 | -0.27% |

Northbound funds shrink to HKD 3.3 billion, buying into the Tracker Fund; China Oil, Kuaishou, and selling Alibaba and SMIC

Northbound funds attracted HKD 3.34 billion, mainly buying the Tracker Fund (02800), with net inflows of HKD 1.38 billion for the day. China Oil (00883) and Kuaishou (01024) recorded net inflows of HKD 1 billion and HKD 910 million respectively; meanwhile, Alibaba (09988) and SMIC (00981) saw net outflows of HKD 1 billion and HKD 520 million.

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The Hang Seng Index drops 479 points, falling below 25,000. Kuaishou shares plunge 14%, China Life drops 8%, Meituan down over 3% after earnings, Pop Mart trades over HKD 15.3 billion, down another 10%, a three-day decline of 30%.

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US stocks continue to update, details on the next page

Financial Daily:

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Market Trends:

【18:12】【1368 Earnings】Xtep: expects continued revenue growth this year, opened Saucony flagship store at K11 in June, full-year profit up nearly 11%, final dividend maintained at 9.5 cents

【17:45】【Ping An 2318 Earnings】China Ping An’s final dividend increased 8% to RMB 1.75, current dividend yield 5.2%, full-year new business value up 29%

【17:38】【3690 Earnings】Meituan Q4 revenue up 4% YoY, adjusted loss of RMB 15.08 billion, below expectations

【17:29】【Airfare Increase】Cathay Pacific to add fuel surcharge from April 1, increase by 34% for all routes, and switch to biweekly review

【17:14】【Digital Banking】PAObank renamed to “Ping An Digital Bank,” CEO Yao Wensong explains two main reasons

【17:10】【883 Earnings】CNOOC’s net profit fell 11.4% last year, final dividend reduced 16% to HKD 0.55

【17:02】【Property Management Earnings】Centaline Property’s profit fell 9% last year, revenue up 6%, maintaining high dividend payout, final dividend increased to 10 HK cents

【16:59】【HKD Fixed Deposit】 Special term HKD fixed deposit offers up to 4% interest, with an additional 20% high-interest “extra time” deposit

【16:45】【Pharmaceutical Earnings】China Biotech Pharma 1177’s profit down 33% last year, pays a final dividend of 5 HK cents

【16:43】【941 Earnings】China Mobile’s full-year net profit down 0.9% to RMB 137.1 billion, final dividend up 1% to HKD 2.52

【16:20】【MeituXiuXiu Parent Company】Meitu suspends trading this morning, suspected early leak of annual results

【16:20】【09919 Earnings】AideWesun’s dividend payout ratio rises to 80%, optimistic about luxury market recovery

【16:10】 Hang Seng Index finally drops 479 points, closing at 24,856, below 25,000, with a turnover of HKD 261.66 billion. Tech index down 3.3%, at 4,761. The earnings stocks take turns to unwind positions: Kuaishou drops 14% after earnings, China Life down over 8%, Meituan down over 3%, Pop Mart trades over HKD 15.3 billion, down 10%, a two-day decline of 30%.

【16:00】 Hang Seng Futures down 508 points, at 24,827, with HKD 250.8 billion traded.

【15:48】 Market remains near 24,800 points before closing, fluctuating narrowly.

【15:23】 Oil prices up 2%, CNOOC (00883) up over 2% before earnings, PetroChina (00857) up over 1%.

【15:18】 Hong Kong stocks fall about 530 points in late session, near 24,800.

【14:42】【2628】China Life’s total investment income surged 26% last year. Focus on three major directions for equity investments this year. Very limited overseas exposure.

【14:32】 Hang Seng Index drops nearly 500 points, at 24,850, down 485, with HKD 195.6 billion traded. Tech index down 3.1%, at 4,769.

【14:05】Pop Mart (09992) falls over 11%, breaking HKD 150 support, low at HKD 149.3.

【13:43】【01810】Xiaomi’s stock stabilizes, up 0.5%, high at HKD 33.18.

【13:36】【152 Earnings】Shenzhen International’s stock plunges 13%, net profit down 22% YoY to HKD 2.25 billion, final dividend down 23% to HKD 0.46, optional stock dividend.

【13:34】【GAP】Gap plans to reopen in Hong Kong within the year, plans to open 50 stores in mainland China.

【13:29】Hang Seng Index drops 500 points in afternoon, Kuaishou down 13%, China Life down 9%, Alibaba and Meituan down over 4%.

【13:01】Hang Seng Index drops about 335 points early afternoon, fighting to stay above 25,000.

【12:53】【881 Earnings】Centaline’s 2022 profit turns to loss, RMB 1.673 billion loss, no final dividend. Founders to reduce salary to RMB 1 in 2026 to show determination.

【12:49】【Food Delivery Stocks Analysis】Meituan and Alibaba both down 3%. Analysis: Is the food delivery war over? If the era of burning money on subsidies ends, Meituan will benefit most.

【12:42】【09992 Analysis】Pop Mart’s stock continues to fall 9%, with large buy orders at HKD 150 to bottom out.

【12:37】【1368 Earnings】Xtep’s full-year profit up nearly 11%, final dividend maintained at 9.5 cents.

【12:31】【1475 Earnings】Nissin Foods’ full-year net profit up nearly 65% to HKD 330 million, pays a final dividend of HKD 0.158.

【12:00】 Hang Seng half-day down 347 points, at 24,988, with HKD 136.73 billion traded. Tech index down 2.1%, at 4,817. Kuaishou (01024) down over 13%, Alibaba (09988) down over 3%, Meituan down 3%, China Life down nearly 8%, Pop Mart down over 9%.

【11:34】【2319 Earnings】Mengniu expects revenue to rebound this year, with mid-single-digit growth target. Why did last year’s net profit surge nearly 14 times?

【11:29】【1024 Analysis】Kuaishou drops nearly 14% after earnings, Nomura lowers target price. Analysis: Concerns over AI capital expenditure, “more than what can actually be earned.”

【11:17】【Index ETF】E Fund Asia Semiconductor ETF listed Thursday, initial subscription in the billions.

【11:06】Market further declines, down about 400 points, at 24,935, with HKD 112.9 billion traded. Kuaishou (01024) down over 13%, Alibaba (09988) down 4%, Meituan down over 3%, China Life and Pop Mart down over 7%.

【10:57】【MPF】MPF ratings: March’s average MPF loss per person HKD 21,542. Urged to stay calm and diversify investments.

【10:38】Kingsoft (03888) up over 8%, high at HKD 25.1.

【3888 Earnings】Kingsoft’s profit up 29% last year to RMB 2 billion, final dividend reduced 13% to HKD 0.13.

【10:29】Hong Kong stocks open about 350 points lower, below 25,000, low at 24,975.

【10:27】【09992】Pop Mart’s early trading down another 10%, with over 1,000 buy orders at HKD 150 to bottom out.

【10:16】【815 Earnings】China Silver’s post-earnings drop over 6%, profit over 57 times last year, no dividend.

【10:16】Hang Seng Index latest down about 300 points, low at 25,034, testing support at 25,000. Kuaishou (01024) down over 12%, China Life (02628) down nearly 6%.

【09:58】Meituan (03690), which surged yesterday, will release earnings today, down 3% before results, low at HKD 87.2.

【09:51】Market early session down about 200 points, at 25,134.

【09:43】【00799】IGG up over 20%, high at HKD 3.63.

【Mobile Game Stock 799 Earnings】IGG’s full-year net profit down less than 0.1%, paid total special dividends of HKD 0.544.

【09:40】【China Life 02628】down over 3% after earnings, low at HKD 26.38.

【2628 Earnings】China Life’s final dividend up 37% to RMB 0.618, new business value up 36% annually.

【09:39】【TVB 00511】up over 1% after earnings, high at HKD 2.93 early trading.

【TVB 00511】Last year, TVB turned profitable with HKD 59 million, no dividend. Chairman Xu Tao: AI helps reduce production costs by 30%, rebranding as “Wireless Group” reflects multi-platform entertainment media positioning (second edition).

【09:33】【09992】Pop Mart opened down nearly 10%, low at HKD 152.

【09:22】Hang Seng opens 68 points lower, at 25,267, with HKD 3.83 billion traded. Tech down 0.7%, at 4,889. Kuaishou (01024) down nearly 10%, Pop Mart (09992) down 1%, JD.com (09618) up over 2%.

【09:10】Hang Seng Futures down about 17 points, at 25,255.

【08:04】【Xi-Trump Meeting】White House announces Trump’s visit to China on May 14-15; Xi Jinping will visit Washington later this year.

【07:49】【6682】Paradigm Intelligence plans to issue A-shares and list on Shenzhen Stock Exchange after counseling.

【07:45】【Morning Brief】Pop Mart shares plunge over 22%, net profit nearly tripled last year; Kuaishou’s Q4 adjusted profit of HKD 5.46 billion beats expectations; Gemini fully unblocked in Hong Kong, successfully tested.

【07:45】Night futures close down 102 points, at 25,268, China concept stocks up 1.9%, at 6,897, JD US stocks up 3%.

| ADR | HKD Equivalent | Change from HK Close | | Meituan ADR | 89.29 | -0.79% | | Tencent ADR | 503.19 | -0.46% | | HSBC ADR | 127.00 | +1.60% | | Alibaba US Stock | 126.92 | -1.54% |

More Hong Kong ADRs and Chinese concept stocks quotes:

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【07:30】White House Press Secretary Karoline Leavitt announced Wednesday that President Trump and Chinese President Xi Jinping will meet in Beijing on May 14-15; market expects this schedule to mean the US expects the Middle East war to end around mid-May, leading to a significant rebound in US stocks on Wednesday. Dow Jones rose up to 594 points, but war negotiations remain uncertain. The close saw Dow up 305 points at 46,429; S&P 500 up 0.54%; Nasdaq up 0.77%; China concept stocks’ Golden Dragon Index up 1.86%.

See US stock market close:

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The Hong Kong market yesterday, details at: 【Hong Kong Night Futures + ADR + Northbound Funds】 JD US stocks up 3%, night futures down 102 points