02145 Overview

Market Performance: Hong Kong stocks opened higher as the HSI rose by 119 points to 26,361, with a turnover of approximately $72.7 billion, driven by strong performances from new consumer stocks.

Top Gainers: POP MART led the market with a 5.66% increase, while other notable gainers included LAOPU GOLD and MIXUE GROUP, which also saw significant rises in their stock prices.

IPO Activity: The newly listed SOFTCARE opened 33.5% higher than its listing price, indicating strong investor interest, while the IPO SERES managed to halt its decline with a slight increase.

Economic Indicators: China's exports for October showed a decline of 1.1% year-on-year, significantly lower than the previous value of 8.3% and below the forecast of 3%.

Holiday Duration and Travel Expectations: The 2025 National Day and Mid-Autumn Festival holidays will last 8 days, potentially boosting travel sentiment and consumer spending compared to 2024's 7-day break.

Flight and Travel Growth Projections: China anticipates a 5.7% increase in flights during the National Day period, with international flights recovering to 94% of 2019 levels, and a notable rise in combined flight and high-speed rail travel among tourists.

Investment Recommendations: CICC suggests focusing on sectors like trendy play, electronic cigarettes, cosmetics, and personal care, highlighting specific companies for potential investment.

Market Activity: The report includes short selling data for various Hong Kong stocks, indicating market interest and activity levels in specific sectors.

Market Performance: The HSI rose 44 points (0.2%) to 24,947, while the HSCEI fell slightly by 2 points (0.0%) to 8,948, with notable movements in heavyweights like BABA and TENCENT showing gains, while MEITUAN and LI AUTO experienced declines.

Stock Highlights: BYD ELECTRONIC and ANGELALIGN saw significant increases of 6.3% and 19.4% respectively, while LI AUTO dropped by 3.9%, reflecting varied performance among constituents in the market.