HSI Falls 147 Points at Midday as TRIP.COM-S Plummets Nearly 20%; NEW WORLD DEV Rises 12%
Market Performance: The HSI fell 0.5% to 26,852, with the HSCEI down 0.7% and HSTECH dropping 1.8%, while total half-day turnover reached $163.897 billion.
TRIP.COM-S Decline: TRIP.COM-S shares plummeted 19.6% to $457.6 amid an antitrust investigation, with significant short selling activity reported.
Baidu's Potential Listing Upgrade: BIDU-SW saw a slight increase of 0.3% as rumors circulated about its potential upgrade to a primary listing in Hong Kong.
Positive Outlook for Hong Kong Property: BofA Securities predicts a 5-10% rise in Hong Kong residential property prices this year, with an additional 5% increase expected next year, positively impacting local homebuilders.
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SHK PPT Allegedly Pursuing Minimum $5 Billion Loan Over Five Years
Loan Acquisition: SHK PPT is seeking a five-year loan of at least $5 billion, with potential for a larger amount depending on bank responses, according to Bloomberg sources.
Stock Performance: The company's share price opened 0.42% higher and peaked at $123.2, closing at $122.7 with a 2% increase and a trading volume of 4.2167 million shares.
HSBC Research Positive on HK/SG Real Estate Markets; Capital Inflows and Policy Support as Main Influencers
Positive Outlook on Real Estate: HSBC Global Research has a favorable view on the real estate sectors in Hong Kong and Singapore, citing structural factors that support this optimism.
Recommended Stocks: The report highlights five Buy-rated stocks in Hong Kong, including SHK PPT, Henderson Land, and Sino Land, along with City Developments and UOL Group in Singapore.
Market Dynamics: The Hong Kong property market is benefiting from a shift in capital away from China's adjusting property market, enhancing its attractiveness.
Singapore's Market Revitalization: Singapore has introduced a SGD5 billion policy to stimulate the stock market and attract local investment into its undervalued real estate sector.
SHK PPT Examines Alleged Incidents Involving Maureen Fung and Commits to Necessary Follow-Up Measures
Executive Resignation: Maureen Fung has resigned as Executive Director of SHK PPT due to health issues, effective immediately.
Corruption Allegations: Fung was previously suspended amid allegations of involvement in a corruption incident related to shopping mall operations in China.
Company's Response: SHK PPT is reviewing recent media reports concerning Fung and plans to take appropriate follow-up actions.
Market Activity: SHK PPT's stock saw a short selling of $312.91 million, with a short selling ratio of 46.460%.
Maureen Fung Steps Down as Executive Director of SHK PPT Citing Health Concerns
Executive Resignation: Maureen Fung has resigned as an Executive Director of SHK PPT effective February 3, 2026, due to health issues.
Corruption Allegations: Fung was reportedly suspended due to her involvement in a corruption case linked to the IAPM mall in Shanghai, concerning marketing and advertising activities.
Short Selling Activity: SHK PPT has experienced significant short selling, with a total of $312.91 million and a short selling ratio of 46.460%.
Market Outlook: Citi has projected greater earnings per share upside potential for Hong Kong developers in 2026-2027, recommending SHK PPT among others.
HSI Jumps 54 Points at Midday, Weighed Down by TENCENT and KUAISHOU; Banks and Homebuilders Rise
Market Overview: The HSI rose by 54 points (0.2%) to 26,830, while the HSCEI fell by 19 points (0.2%) to 9,060, and the HSTECH dropped by 72 points (1.3%) to 5,453, with a total half-day turnover of $195.285 billion.
Tech Sector Performance: Major tech stocks like TENCENT and BIDU-SW saw significant declines of 4.1% and 3.8%, respectively, with TENCENT's turnover nearing $26 billion, while other tech companies also experienced losses.
Banking Sector Gains: Banks such as HSBC and BOC HONG KONG reported gains of 2.3% and 2.5%, respectively, contributing to a positive trend in the banking sector, alongside notable increases in Chinese insurers.
Commodity and Real Estate Stocks: Commodity prices rose, with companies like ZIJIN GOLD INTL and CMOC increasing by over 4%, while Hong Kong homebuilders also saw gains, with HENDERSON LAND and SHK PPT rising by 2.1% and 1.7%.
<Full-day Summary> HSI Falls 580 Points; HSTI Declines 122 Points; CCB and XIAOMI Drop Over 3%; NEW ORIENTAL, SHK PPT, HUABAO INTL, ZOOMLION, and HANG LUNG GROUP Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 580 points (2.1%) to 27,387, with significant declines in other indices, including HSTI and HSCEI, and a market turnover of $301.61 billion.
Active Heavyweights: Major stocks like CCB, Xiaomi, Tencent, and Alibaba experienced notable declines, with short selling ratios indicating increased market activity against these stocks.
Significant Declines: CSPC Pharma, Chinahongqiao, and Zijin Mining saw substantial drops of over 9%, reflecting a broader trend of falling stock prices among HSI and HSCEI constituents.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental hitting a new high, while several other stocks, including SD Gold and Jiangxi Copper, faced significant losses.
SHK PPT Allegedly Pursuing Minimum $5 Billion Loan Over Five Years
Loan Acquisition: SHK PPT is seeking a five-year loan of at least $5 billion, with potential for a larger amount depending on bank responses, according to Bloomberg sources.
Stock Performance: The company's share price opened 0.42% higher and peaked at $123.2, closing at $122.7 with a 2% increase and a trading volume of 4.2167 million shares.
HSBC Research Positive on HK/SG Real Estate Markets; Capital Inflows and Policy Support as Main Influencers
Positive Outlook on Real Estate: HSBC Global Research has a favorable view on the real estate sectors in Hong Kong and Singapore, citing structural factors that support this optimism.
Recommended Stocks: The report highlights five Buy-rated stocks in Hong Kong, including SHK PPT, Henderson Land, and Sino Land, along with City Developments and UOL Group in Singapore.
Market Dynamics: The Hong Kong property market is benefiting from a shift in capital away from China's adjusting property market, enhancing its attractiveness.
Singapore's Market Revitalization: Singapore has introduced a SGD5 billion policy to stimulate the stock market and attract local investment into its undervalued real estate sector.
SHK PPT Examines Alleged Incidents Involving Maureen Fung and Commits to Necessary Follow-Up Measures
Executive Resignation: Maureen Fung has resigned as Executive Director of SHK PPT due to health issues, effective immediately.
Corruption Allegations: Fung was previously suspended amid allegations of involvement in a corruption incident related to shopping mall operations in China.
Company's Response: SHK PPT is reviewing recent media reports concerning Fung and plans to take appropriate follow-up actions.
Market Activity: SHK PPT's stock saw a short selling of $312.91 million, with a short selling ratio of 46.460%.
Maureen Fung Steps Down as Executive Director of SHK PPT Citing Health Concerns
Executive Resignation: Maureen Fung has resigned as an Executive Director of SHK PPT effective February 3, 2026, due to health issues.
Corruption Allegations: Fung was reportedly suspended due to her involvement in a corruption case linked to the IAPM mall in Shanghai, concerning marketing and advertising activities.
Short Selling Activity: SHK PPT has experienced significant short selling, with a total of $312.91 million and a short selling ratio of 46.460%.
Market Outlook: Citi has projected greater earnings per share upside potential for Hong Kong developers in 2026-2027, recommending SHK PPT among others.
HSI Jumps 54 Points at Midday, Weighed Down by TENCENT and KUAISHOU; Banks and Homebuilders Rise
Market Overview: The HSI rose by 54 points (0.2%) to 26,830, while the HSCEI fell by 19 points (0.2%) to 9,060, and the HSTECH dropped by 72 points (1.3%) to 5,453, with a total half-day turnover of $195.285 billion.
Tech Sector Performance: Major tech stocks like TENCENT and BIDU-SW saw significant declines of 4.1% and 3.8%, respectively, with TENCENT's turnover nearing $26 billion, while other tech companies also experienced losses.
Banking Sector Gains: Banks such as HSBC and BOC HONG KONG reported gains of 2.3% and 2.5%, respectively, contributing to a positive trend in the banking sector, alongside notable increases in Chinese insurers.
Commodity and Real Estate Stocks: Commodity prices rose, with companies like ZIJIN GOLD INTL and CMOC increasing by over 4%, while Hong Kong homebuilders also saw gains, with HENDERSON LAND and SHK PPT rising by 2.1% and 1.7%.
<Full-day Summary> HSI Falls 580 Points; HSTI Declines 122 Points; CCB and XIAOMI Drop Over 3%; NEW ORIENTAL, SHK PPT, HUABAO INTL, ZOOMLION, and HANG LUNG GROUP Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 580 points (2.1%) to 27,387, with significant declines in other indices, including HSTI and HSCEI, and a market turnover of $301.61 billion.
Active Heavyweights: Major stocks like CCB, Xiaomi, Tencent, and Alibaba experienced notable declines, with short selling ratios indicating increased market activity against these stocks.
Significant Declines: CSPC Pharma, Chinahongqiao, and Zijin Mining saw substantial drops of over 9%, reflecting a broader trend of falling stock prices among HSI and HSCEI constituents.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental hitting a new high, while several other stocks, including SD Gold and Jiangxi Copper, faced significant losses.
