01888 Overview

Southbound Capital Inflows: Southbound capital inflows into Hong Kong stocks slowed last week, with a net inflow of HK$6.7 billion, primarily in the information technology, consumer discretionary, and real estate sectors, while telecoms and utilities experienced net outflows.

Top Net Buys: The top net buys included MEITUAN-W, XIAOMI-W, and TENCENT, with significant short selling activity reported for these stocks.

ETF Inflows: There was an acceleration in net inflows into ETFs investing in the Hong Kong market, totaling HK$444.26 billion, with Southbound Stock Connect ETFs seeing a net inflow of HK$1.9 billion.

Top Net Sells: The top net sells over the past two weeks included ZIJIN MINING, CHINA LIFE, and POP MART, indicating a trend of capital outflow from these stocks.

KB Laminates Performance: KB Laminates (01888.HK) opened 2.06% higher, peaked at HKD22.76, and last traded at HKD22.72, reflecting an 11.48% increase with significant trading volume.

Kingboard Holdings Performance: Kingboard Holdings (00148.HK) rose 5.49% to HKD38.84, with a trading volume of 5.541 million shares, following a positive profit alert.

Profit Alerts: Both KB Laminates and Kingboard Holdings issued positive profit forecasts, with KB Laminates expecting over 80% YoY growth in net profit to over HKD2.39 billion, and Kingboard predicting a 165% YoY increase to over HKD4.32 billion.

Short Selling Data: Short selling for KB Laminates was reported at $11.68 million with a ratio of 2.776%, while Kingboard had $6.65 million in short selling with a ratio of 3.255%.

Company Overview: KB Laminates (01888.HK) has seen a stock increase of 2.63%, with a current price of +0.510.

Short Selling Activity: The company has reported short selling of $13.53 million, with a short selling ratio of 10.505%.

Profit Forecast: KB Laminates has issued a positive profit alert, expecting a net profit growth of over 80% year-on-year.

Projected Earnings: For the year ending December 2025, the company anticipates a net profit exceeding HKD 2.39 billion.

Market Performance: The Hang Seng Index (HSI) rose by 83 points (0.3%) to close at 27,266, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains, with market turnover reaching $217.22 billion.

Active Heavyweights: Notable movements included Xiaomi (+4.3%), Ping An (-1.3%), Tencent (-0.5%), and Alibaba (-0.2%), with significant short selling activity across these stocks.

HSI & HSCEI Constituents: Key performers included Pop Mart (-5.5%), Techtronic Industries (+4.9%), and BYD Company (+3.5%), with several stocks hitting new highs despite some declines.

HSMI & HSSI Constituents: Synagistics surged by 38.7%, while KB Laminates and CNBM both rose by over 11%, indicating strong performance in certain sectors despite some stocks experiencing declines.

Market Performance: The Hang Seng Index (HSI) rose by 116 points (0.4%) to 27,299, while the Hang Seng Tech Index (HSTI) increased by 59 points (1.1%) to 5,510, and the Hang Seng China Enterprises Index (HSCEI) gained 38 points (0.4%) to 9,281.

Active Heavyweights: Notable stock movements included Xiaomi (+4.7%), Alibaba (+0.8%), and Ping An (-1.1%), with significant short selling activity observed across these stocks.

Top Gainers and Losers: Techtronic Industries saw a notable increase of 5.9%, while SMIC experienced a decline of 3.6%. Other significant movers included BYD (+3.9%) and Pop Mart (-3.5%).

New Highs: Several stocks, including ZTO Express and WH Group, reached new highs, indicating strong market interest and performance in certain sectors.

Market Performance: The Hang Seng Index (HSI) rose by 146 points (0.5%) to 27,173, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 45 points (0.8%) and 71 points (0.8%) respectively.

Active Heavyweights: Notable movements included Meituan down 3% to $88.3, Xiaomi up 2% to $35.92, Alibaba up 1.5% to $160.2, and Tencent down 1.1% to $554.

Top Gainers: CSPC Pharma, Wuxi Biologics, and Innovent Biologics were among the top gainers, with increases of 6.3%, 5.6%, and 5.3% respectively, while New Oriental fell by 4.7%.

Significant Moves in Other Stocks: China Literature surged by 15.6%, Vobile Group increased by 13.3%, and Dahsing Banking rose by 7.4%, all hitting new highs, indicating strong market activity in various sectors.