01797 Overview

EAST BUY's New Initiative: EAST BUY plans to establish an e-commerce training school in Beijing to train operation talents and hosts from various regions in China.

Market Performance: Michael Yu, founder of NEW ORIENTAL-S, and chairman of EAST BUY, reported significant short selling figures for both companies, indicating market interest and potential volatility.

Market Performance: The HSI rose by 155 points (0.6%) to close at 27,183, with a total market turnover of HKD234.04 billion. The HSCEI and HSTECH also saw gains, closing at 9,242 and 5,451 respectively.

Tech Stock Movements: Major tech stocks like TENCENT and MEITUAN-W experienced declines of 1.6% and 2.5%, while KUAISHOU-W, JD-SW, and BABA-W saw increases between 1.6% and 1.9%.

AI and Pharma Stocks Surge: AI stocks such as UNISOUND and INSILICO rose significantly, with KNOWLEDGE ATLAS jumping 14.8% after JPMorgan initiated coverage. Pharma stocks also performed well, with CSPC PHARMA and INNOVENT BIO gaining between 4.7% and 5.5%.

Chip Sector Performance: SMIC gained 1.7%, while HUA HONG SEMI dipped 1.2%. Other chip-related stocks like INNOSCIENCE and BIREN TECH saw notable increases, with INNOSCIENCE rising 6.9%.

Market Performance: The HSI rose 146 points (0.5%) to 27,173, while the HSCEI and HSTECH also saw gains, with total market turnover reaching HKD133.823 billion.

Tech Stock Movements: Major tech stocks like TENCENT and MEITUAN fell, while others like KUAISHOU and JD-SW experienced gains, indicating mixed performance in the tech sector.

AI and Chip Sector Trends: AI stocks remained in demand, with significant gains for companies like KNOWLEDGE ATLAS and MINIMAX-WP, while chip stocks showed varied results, with SMIC edging up and HUA HONG SEMI dipping.

Pharmaceutical Sector Gains: Drug manufacturers like CSPC PHARMA and INNOVENT BIO saw notable increases in their stock prices, reflecting positive momentum in the pharmaceutical industry.

Market Performance: The HSI rose by 1.8% to close at 27,027, with significant gains in the HSCEI and HSTECH, while total market turnover reached $255.142 billion.

Insurance Sector Gains: Chinese insurers, particularly CHINA LIFE and PING AN, saw substantial increases of 4% and 4.9%, respectively, following PING AN's stake increase in CHINA LIFE.

Financial Stocks Rise: Major financial institutions like HSBC and HKEX experienced gains between 2.6% and 3.4%, contributing to a positive trend in the financial sector.

Tech and AI Stocks Surge: Tech stocks rebounded, with TENCENT and BIDU-SW rising over 2%, while AI-related stocks like KNOWLEDGE ATLAS soared by 36.2%, reflecting strong investor interest.

EAST BUY Financial Performance: EAST BUY reported an adjusted net profit of RMB257 million in 1HFY26, driven by scale leverage and higher-margin products, leading to improved gross profit margins and cost efficiency.

Analyst Outlook: Daiwa upgraded its outlook on EAST BUY, raising the target price from HKD13.5 to HKD29 and increasing earnings forecasts for 2026-27 by 42-97%, reaffirming an Outperform rating.

Market Performance: The HSI experienced a strong start, reaching a 4.5-year high of 27,981 before settling at 27,975, with a midday increase of 148 points or 0.5%. The HSCEI also rose by 43 points, while the HSTECH saw a slight decline.

Chinese Property Developers Rally: Several Chinese property developers surged in stock prices after being exempted from submitting monthly "Three Red Lines" reports, with notable increases of 26-34% for companies like CHINA AOYUAN and LOGAN GROUP.

Mixed Results in Other Sectors: While property managers and some tech stocks saw gains, companies like SANDS CHINA and GALAXY ENT experienced declines, with SANDS CHINA dropping 7.3% despite a rise in its adjusted property EBITDA.

Commodity and Tech Stock Movements: Gold and silver prices reached new highs, positively impacting ZIJIN MINING, while tech giants like TENCENT and BIDU-SW saw minor increases, contrasting with losses from BABA-W and BILIBILI-W.