Midday Update: HSI Ends at 26,552, Down 11 Points; HSTI at 5,711, Down 38 Points; POP MART Rises Over 8%; LUK FOOK HOLD, NANSHAN AL INTL, CHINA EAST AIR, CTG DUTY-FREE, and CHINA TAIPING Reach New Highs
Market Performance: The Hang Seng Index (HSI) closed down 11 points at 26,552, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Notable stocks included Xiaomi and Tencent, both down approximately 1.5%, while Ping An saw a slight increase of 1.1%.
Top Gainers and Losers: Pop Mart surged by 8.5%, while Wuxi AppTec fell by 4.6%. Other significant movers included China Overseas and China Res Land, both showing positive gains.
Short Selling Activity: High short selling ratios were observed across various stocks, with Xiaomi and Meituan leading in short selling amounts, indicating market caution.
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NEW WORLD DEV Reports Interim Loss Reduced to $3.73B; No Dividend Declared; Core Operating Profit Decreases by 17.7%
Interim Results Announcement: NEW WORLD DEV reported its interim results for the six months ending December 31, 2025, showing a narrowed loss of $3.73 billion compared to a loss of $6.633 billion in the same period last year.
Loss Per Share: The loss per share (LPS) for the period was recorded at $1.48.
Short Selling Activity: The company experienced short selling amounting to $17.37 million, with a short selling ratio of 12.044%.
Stock Performance: NEW WORLD DEV's stock price increased by 3.626%, reflecting a gain of 0.380.
NWD CEO Optimistic About Enhanced Profits Amid Market Recovery; No Current Plans for Rights Issue or Share Placement
Company Strategy: Echo Huang, CEO of NEW WORLD DEV, emphasized the company's focus on optimizing operational efficiency, enhancing sales performance, and managing expenses to achieve steady progress and improved profits as market conditions recover.
Debt Management: The company successfully reduced some debt in the first half of the fiscal year through perpetual bonds and bond swaps, but CFO Lau Fu-Keung indicated there are no current plans for further bond swaps.
Financial Performance: NEW WORLD DEV reported an interim loss of $3.73 billion, with a 17.7% decline in core operating profit, and there are no plans for dividends, rights issues, or share placements at this time.
Future Considerations: Management is open to evaluating all capital instruments and debt reduction strategies to improve cash flow and reduce overall debt, while maintaining a cautious approach.
HSI Rises by 249 Points; Developers Drive Growth with SHKP Jumping Over 7%
Market Performance: The Hang Seng Index (HSI) rose by 249 points (0.9%) to close at 26,630, with a total market turnover of HKD288.42 billion. The HSCEI and HSTECH also saw gains, closing at 8,859 and 5,137 respectively.
Property Sector Highlights: SHK PPT reported a nearly 17% increase in interim underlying profit, leading to a 7.1% rise in its stock price. Other property developers like New World Dev and CK Asset also experienced stock price increases.
MSCI Index Changes: Changes to the MSCI China Index constituents were noted, with stocks like HESAI-W and SENSETIME-W seeing significant gains of 4.4% and 4.9%, while PONY-W and YOFC surged over 10%.
Tech Sector Updates: In the tech sector, BIDU-SW reported a 42% YoY decline in non-GAAP net profit but slightly exceeded market expectations, leading to a minor stock rebound. Other tech stocks like Tencent and Netease also saw modest increases, while Alibaba and Kuaishou experienced slight declines.
HSI Rises 197 Points at Midday as SHK PPT Jumps Nearly 7%; TENCENT and MEITUAN-W Surge
Market Performance: Hong Kong stocks rebounded in the morning session on the 27th, with the HSI rising 197 points (0.75%) to 26,578, following a decline of 384 points (1.4%) the previous day. Total half-day turnover reached $121.827 billion.
Homebuilder Gains: SHK PPT saw a significant increase of 6.8% after reporting a 17% rise in interim underlying profit and a dividend hike to $0.98, which surprised brokers positively. Other homebuilders like New World Dev and Sino Land also experienced gains.
Tech Sector Updates: BIDU-SW rebounded 0.7% despite a 42% YoY decline in non-GAAP net profit, while Meituan-W's share price rose 2.1% despite delays in its launch plans. Tencent and Netease also saw increases of 2.8% and 2.8%, respectively.
Chip Stocks Movement: SMIC's stock fell by 0.8%, while HUA HONG SEMI dropped 2%. Other chip-related stocks like InnoScience and Biren Tech also experienced declines of 3.4% and 3.9%, respectively.
NEW WORLD DEV Reports Over 2,200 Units Sold Last Year, Achieving Sales Revenue Exceeding $34.8B, Including Parking Spaces; Cannas Ho: Three Projects Set to Launch Concurrently in First Half of 2026
Sales Performance: NEW WORLD DEV reported over 2,200 units sold last year, achieving total sales exceeding $34.8 billion, marking a five-year high.
Future Projects: The company plans to launch three new projects in the first half of 2026, totaling approximately 660 units, with the first project near Hong Kong West Kowloon Station set to go on sale in March.
NWD K11 MUSEA Achieves Record Visitor Numbers During CNY with a Single Transaction Exceeding HKD2M
Footfall Increase: NEW WORLD DEV's K11 MUSEA experienced a 10% increase in foot traffic during the Chinese New Year holiday compared to the previous year, setting a new record since its opening.
Tourist Spending Surge: Alongside the rise in footfall, tourist spending at K11 MUSEA increased by 60% year-on-year, with the highest single transaction reaching over HKD2 million.
NEW WORLD DEV Reports Interim Loss Reduced to $3.73B; No Dividend Declared; Core Operating Profit Decreases by 17.7%
Interim Results Announcement: NEW WORLD DEV reported its interim results for the six months ending December 31, 2025, showing a narrowed loss of $3.73 billion compared to a loss of $6.633 billion in the same period last year.
Loss Per Share: The loss per share (LPS) for the period was recorded at $1.48.
Short Selling Activity: The company experienced short selling amounting to $17.37 million, with a short selling ratio of 12.044%.
Stock Performance: NEW WORLD DEV's stock price increased by 3.626%, reflecting a gain of 0.380.
NWD CEO Optimistic About Enhanced Profits Amid Market Recovery; No Current Plans for Rights Issue or Share Placement
Company Strategy: Echo Huang, CEO of NEW WORLD DEV, emphasized the company's focus on optimizing operational efficiency, enhancing sales performance, and managing expenses to achieve steady progress and improved profits as market conditions recover.
Debt Management: The company successfully reduced some debt in the first half of the fiscal year through perpetual bonds and bond swaps, but CFO Lau Fu-Keung indicated there are no current plans for further bond swaps.
Financial Performance: NEW WORLD DEV reported an interim loss of $3.73 billion, with a 17.7% decline in core operating profit, and there are no plans for dividends, rights issues, or share placements at this time.
Future Considerations: Management is open to evaluating all capital instruments and debt reduction strategies to improve cash flow and reduce overall debt, while maintaining a cautious approach.
HSI Rises by 249 Points; Developers Drive Growth with SHKP Jumping Over 7%
Market Performance: The Hang Seng Index (HSI) rose by 249 points (0.9%) to close at 26,630, with a total market turnover of HKD288.42 billion. The HSCEI and HSTECH also saw gains, closing at 8,859 and 5,137 respectively.
Property Sector Highlights: SHK PPT reported a nearly 17% increase in interim underlying profit, leading to a 7.1% rise in its stock price. Other property developers like New World Dev and CK Asset also experienced stock price increases.
MSCI Index Changes: Changes to the MSCI China Index constituents were noted, with stocks like HESAI-W and SENSETIME-W seeing significant gains of 4.4% and 4.9%, while PONY-W and YOFC surged over 10%.
Tech Sector Updates: In the tech sector, BIDU-SW reported a 42% YoY decline in non-GAAP net profit but slightly exceeded market expectations, leading to a minor stock rebound. Other tech stocks like Tencent and Netease also saw modest increases, while Alibaba and Kuaishou experienced slight declines.
HSI Rises 197 Points at Midday as SHK PPT Jumps Nearly 7%; TENCENT and MEITUAN-W Surge
Market Performance: Hong Kong stocks rebounded in the morning session on the 27th, with the HSI rising 197 points (0.75%) to 26,578, following a decline of 384 points (1.4%) the previous day. Total half-day turnover reached $121.827 billion.
Homebuilder Gains: SHK PPT saw a significant increase of 6.8% after reporting a 17% rise in interim underlying profit and a dividend hike to $0.98, which surprised brokers positively. Other homebuilders like New World Dev and Sino Land also experienced gains.
Tech Sector Updates: BIDU-SW rebounded 0.7% despite a 42% YoY decline in non-GAAP net profit, while Meituan-W's share price rose 2.1% despite delays in its launch plans. Tencent and Netease also saw increases of 2.8% and 2.8%, respectively.
Chip Stocks Movement: SMIC's stock fell by 0.8%, while HUA HONG SEMI dropped 2%. Other chip-related stocks like InnoScience and Biren Tech also experienced declines of 3.4% and 3.9%, respectively.
NEW WORLD DEV Reports Over 2,200 Units Sold Last Year, Achieving Sales Revenue Exceeding $34.8B, Including Parking Spaces; Cannas Ho: Three Projects Set to Launch Concurrently in First Half of 2026
Sales Performance: NEW WORLD DEV reported over 2,200 units sold last year, achieving total sales exceeding $34.8 billion, marking a five-year high.
Future Projects: The company plans to launch three new projects in the first half of 2026, totaling approximately 660 units, with the first project near Hong Kong West Kowloon Station set to go on sale in March.
NWD K11 MUSEA Achieves Record Visitor Numbers During CNY with a Single Transaction Exceeding HKD2M
Footfall Increase: NEW WORLD DEV's K11 MUSEA experienced a 10% increase in foot traffic during the Chinese New Year holiday compared to the previous year, setting a new record since its opening.
Tourist Spending Surge: Alongside the rise in footfall, tourist spending at K11 MUSEA increased by 60% year-on-year, with the highest single transaction reaching over HKD2 million.
