【Hong Kong Stock Market】Hang Seng Index rebounds over 100 points; Pop Mart plunges 20% after earnings; Expectations of food delivery war ending, Meituan surges 10% (continuously updated)

【Hang Seng Index / Hang Seng Index / HSIC / Hang Seng / HSI / Hong Kong Stocks / Night Futures / ADR】Hong Kong stocks opened higher but softened, with a slight gain at midday. Signs of easing in Middle East conflicts helped the market continue to open high, up 216 points at 25,280. After opening, the index rose as much as 326 points to a high of 25,390, but the gains narrowed later. By midday, the Hang Seng Index was only slightly up by 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% after earnings.

US stocks are continuously updating; details on the next page.

Financial Daily:

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Market Trends:

【14:10】Pop Mart (09992) fell by 20%, bottoming at HKD 172.6.

【13:57】The market rose about 300 points in the afternoon but the gain narrowed to around 130 points.

【13:57】【Food Delivery War】Meituan’s stock surged 10% in the afternoon; JD.com and Alibaba up 5%. The Market Supervision Bureau reposted an article: “The food delivery war should end.”

【13:39】Meituan (03690), which will announce earnings tomorrow, rose 10% to a high of HKD 87.5. Alibaba (09988) also gained over 5%, while Tencent (00700) was slightly soft, down 0.5%.

【13:34】Meituan (03690) jumped 7%, reaching HKD 85.85.

【13:33】Hong Kong stocks turned up over 100 points, with the Hang Seng Index at 25,226, up 162 points, with HKD 183.7 billion in turnover. The Tech Index rose 1.1% to 4,885.

【13:27】【HK Market Analysis】 The Hang Seng Index once rebounded 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 (09633) surged nearly 10% after earnings, beating profit and revenue expectations. Analysis: The results are “impeccable.”

【13:11】【371 Earnings】Beijing Enterprises Water (371) net profit fell 6.9% last year; final dividend increased over 1% to HKD 0.0925.

【13:06】Hong Kong stocks turned down about 20 points in the afternoon, at 25,041, still above 25,000.

【13:06】Pop Mart (09992) stock fell over 14% after earnings, bottoming at HKD 185.

【12:47】【9992 Earnings】Pop Mart’s net profit last year was RMB 12.78 billion, nearly tripling; 17 IPs each earned over HKD 100 million; THE MONSTERS earned RMB 14.16 billion; Star People’s income increased 16-fold.

【12:37】【6181 Major Bank Report】Old gold shops are favored by two foreign institutions, but Nomura lowered its target price by 5%, citing gold price concerns.

【12:30】【Sports Goods 2020 Earnings】Anta’s net profit fell 12.9% to RMB 13.59 billion; revenue first exceeded RMB 80 billion; final dividend HKD 1.08.

【12:00】 The Hang Seng Index was up slightly by 9 points at 25,072, with HKD 151.29 billion in turnover. The Tech Index underperformed, down 0.5%, at 4,807. The following stocks moved: Zijin (02899) up over 1%, CNOOC (00883) down over 3%, Xiaomi (01810) down nearly 3% after earnings, Nongfu Spring (09633) up over 8% after earnings.

【11:53】Zejing (02632), which plunged yesterday, rebounded 60% on its first day of listing, reaching HKD 45.6.

【11:46】Midday, Hong Kong stocks’ gains narrowed to about 30 points.

【11:44】【1810 Analysis】Xiaomi (01810) fell over 3%; smartphone gross margin dropped to 8.3%; capital expenditure doubled. He Qichong: Low gross margin + cost pressure.

【11:32】【9992】Pop Mart’s earnings before market open rose 3%; will launch World Cup series toys with FIFA, and Labubu will hold the World Cup trophy.

【11:09】【3320 Earnings】China Resources Medical (3320) rose over 10% after earnings; profit increased 20% last year; interim dividend increased 1.3 times 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) down 3% against the trend.

【Wuxi Biologics 2269 Earnings】Net profit last year increased 46% year-on-year; gross margin rose to 46%.

【10:51】Market’s gain further narrowed to about 150 points, hovering around 25,200.

【10:48】【China-US Relations】China Investment Corporation reportedly considering reallocating assets to US asset managers.

【10:26】【CKH sells ports】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 company reportedly expanded its arbitration claim, stating that after the Panamanian government “illegally took over” port facilities and assets a month ago, losses have now exceeded USD 2 billion.

【10:16】The Hang Seng Index initially rose as much as 326 points, reaching 25,390, but the upward momentum slowed to about 207 points, at 25,271, with HKD 90.5 billion in turnover. 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】Net loss last year narrowed 59% to RMB 1.77 billion; first EBITDA recorded in H2.

【09:43】WH Group (00288) rose over 4% after earnings; early high of HKD 10.05.

Pork stock earnings｜WH Group: China meat sales expected to turn positive this year; Middle East war has limited impact; profit before fair value adjustments 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%; 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 a single day.

【09:22】 The Hang Seng Index continued to open high, up 216 points at 25,280, with HKD 4.92 billion in turnover. Xiaomi (01810) fell 2% after earnings; Alibaba (09988) rose over 1%; Zijin (02899) up nearly 4%; CNOOC (00883) down 3%.