HSI Rises by 233 Points as LI NING Jumps Over 4%; YOFC Surges 21%
Hong Kong Stock Market Performance: Hong Kong stocks rose, with the HSI gaining 233 points (0.9%) to close at 25,468, driven by China's equity market, while total market turnover fell to $183.141 billion.
Key Stock Movements: YOFC surged 21.2% amid significant turnover, while LENS and COWELL also saw gains of 4.2% and 2.6%, respectively, due to Apple's plans to expand iPhone production.
Industrial Production in China: China's industrial production year-on-year for November was reported at 4.8%, slightly below the previous value of 4.9% and below the forecast of 5%.
Gains in Various Sectors: Notable increases were seen in sportswear (LI NING +4.3%), airlines (CHINA SOUTH AIR +5.9%), luggage (SAMSONITE +3.7%), and travel platforms (TONGCHENGTRAVEL +3.4%).
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Midday Update: HSI Ends at 26,724, Down 109 Points; HSTI at 5,347, Down 119 Points; TENCENT Falls Over 3%; XINYI GLASS, TECHTRONIC IND, WHARF REIC, YANKUANG ENERGY, and CHINA EAST AIR Reach New Highs
Market Performance: The HSI dropped 109 points (0.4%) to 26,724, while the HSTI fell 119 points (2.2%) to 5,347, and the HSCEI decreased by 48 points (0.5%) to 9,004.
Active Heavyweights: Major stocks like TENCENT, XIAOMI, and MEITUAN saw declines, with TENCENT down 3.4% and XIAOMI down 2.6%, while BABA fell 0.9%.
Notable Movers: XINYI GLASS and CHINA SHENHUA experienced significant gains, with XINYI GLASS up 6.2% and CHINA SHENHUA up 5.4%, while TRIP.COM-S dropped 6.1%.
Short Selling Trends: High short selling ratios were observed in several stocks, including XIAOMI (20.155%) and MEITUAN (17.261%), indicating increased bearish sentiment among investors.
CHINA EAST AIR Anticipates Net Loss for Shareholders Between Approximately RMB 1.3 Billion and RMB 1.8 Billion Last Year
Profit Forecast: CHINA EAST AIR (00670.HK) anticipates a total profit of approximately RMB200-300 million for the year 2025, in line with the China Accounting Standards for Business Enterprises.
Stock Performance: The company's stock has seen an increase of +0.090 (+1.661%).
Short Selling Activity: There is a reported short selling amount of $28.66 million.
Short Selling Ratio: The short selling ratio stands at 26.187%.
AH Smart Index Removes CEA/TSINGTAO BREWERY and Adds SANY HEAVY INDUSTRIES/SERES
Index Review Announcement: The China Securities Index Company and Hang Seng Indexes Company released the half-yearly review results for the Hang Seng CSI Shanghai-Hong Kong AH Smart Index, which includes the largest 50 AH companies under the Shanghai-Hong Kong Stock Connect programme.
Constituent Changes: The index maintains 50 constituent companies, with SANY HEAVY INDUSTRIES and SERES being newly included, while CEA and TSINGTAO BREWERY were excluded.
Future Share Class Determination: The share classes of the companies included in the index will be determined in March 2026, aligning with the monthly share class switching exercise.
Market Data: The report includes short selling data for the excluded companies, indicating significant short selling activity and ratios for both CEA and TSINGTAO BREWERY.
Deadline for Free Ticket Changes and Refunds on CN-JP Routes Extended to October 24
Airline Ticket Policy Update: Air China, China Eastern Airlines, and China Southern Airlines have announced a new policy allowing free changes or refunds for tickets issued before January 26, 2026, for flights to, from, or transiting through Japan.
Initial Policy Scope: The free change and refund policy was initially limited to flights scheduled before March 28, 2026, but has now been expanded to include a broader range of tickets.
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.
BofAS Raises Price Targets for Three Major Chinese Airlines and Upgrades AIR CHINA to Buy
Positive Outlook for Asia-Pacific Airlines: BofA Securities projects strong airline profits in 2026 due to high ticket prices, healthy demand, improved cargo fundamentals, and potential oil supply surplus benefits.
Target Price Adjustments for Airlines: BofA raised target prices for several airlines, including CHINA EAST AIR to HKD2.9 (Underperform), CHINA SOUTH AIR to HKD5.92 (upgraded to Neutral), and AIR CHINA to HKD8.3 (upgraded to Buy).
Midday Update: HSI Ends at 26,724, Down 109 Points; HSTI at 5,347, Down 119 Points; TENCENT Falls Over 3%; XINYI GLASS, TECHTRONIC IND, WHARF REIC, YANKUANG ENERGY, and CHINA EAST AIR Reach New Highs
Market Performance: The HSI dropped 109 points (0.4%) to 26,724, while the HSTI fell 119 points (2.2%) to 5,347, and the HSCEI decreased by 48 points (0.5%) to 9,004.
Active Heavyweights: Major stocks like TENCENT, XIAOMI, and MEITUAN saw declines, with TENCENT down 3.4% and XIAOMI down 2.6%, while BABA fell 0.9%.
Notable Movers: XINYI GLASS and CHINA SHENHUA experienced significant gains, with XINYI GLASS up 6.2% and CHINA SHENHUA up 5.4%, while TRIP.COM-S dropped 6.1%.
Short Selling Trends: High short selling ratios were observed in several stocks, including XIAOMI (20.155%) and MEITUAN (17.261%), indicating increased bearish sentiment among investors.
CHINA EAST AIR Anticipates Net Loss for Shareholders Between Approximately RMB 1.3 Billion and RMB 1.8 Billion Last Year
Profit Forecast: CHINA EAST AIR (00670.HK) anticipates a total profit of approximately RMB200-300 million for the year 2025, in line with the China Accounting Standards for Business Enterprises.
Stock Performance: The company's stock has seen an increase of +0.090 (+1.661%).
Short Selling Activity: There is a reported short selling amount of $28.66 million.
Short Selling Ratio: The short selling ratio stands at 26.187%.
AH Smart Index Removes CEA/TSINGTAO BREWERY and Adds SANY HEAVY INDUSTRIES/SERES
Index Review Announcement: The China Securities Index Company and Hang Seng Indexes Company released the half-yearly review results for the Hang Seng CSI Shanghai-Hong Kong AH Smart Index, which includes the largest 50 AH companies under the Shanghai-Hong Kong Stock Connect programme.
Constituent Changes: The index maintains 50 constituent companies, with SANY HEAVY INDUSTRIES and SERES being newly included, while CEA and TSINGTAO BREWERY were excluded.
Future Share Class Determination: The share classes of the companies included in the index will be determined in March 2026, aligning with the monthly share class switching exercise.
Market Data: The report includes short selling data for the excluded companies, indicating significant short selling activity and ratios for both CEA and TSINGTAO BREWERY.
Deadline for Free Ticket Changes and Refunds on CN-JP Routes Extended to October 24
Airline Ticket Policy Update: Air China, China Eastern Airlines, and China Southern Airlines have announced a new policy allowing free changes or refunds for tickets issued before January 26, 2026, for flights to, from, or transiting through Japan.
Initial Policy Scope: The free change and refund policy was initially limited to flights scheduled before March 28, 2026, but has now been expanded to include a broader range of tickets.
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.
BofAS Raises Price Targets for Three Major Chinese Airlines and Upgrades AIR CHINA to Buy
Positive Outlook for Asia-Pacific Airlines: BofA Securities projects strong airline profits in 2026 due to high ticket prices, healthy demand, improved cargo fundamentals, and potential oil supply surplus benefits.
Target Price Adjustments for Airlines: BofA raised target prices for several airlines, including CHINA EAST AIR to HKD2.9 (Underperform), CHINA SOUTH AIR to HKD5.92 (upgraded to Neutral), and AIR CHINA to HKD8.3 (upgraded to Buy).
