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Saint Bella (2508): announced a positive profit forecast, anticipating strong performance for the year ended 2025. Revenue is expected to be no less than RMB 1.035 billion, representing a year-on-year increase of at least 30%; adjusted net profit is expected to be no less than RMB 120 million, a year-on-year surge of over 183%. Most notably, the company has achieved a turnaround from loss to profit, with net profit expected to be no less than RMB 406 million, a significant reversal compared to the RMB 543 million loss recorded in the same period of 2024.
Dow Jones Industrial Average breaking the 50,000-point mark
US stocks reached a milestone on Friday, with the Dow Jones Industrial Average breaking the 50,000-point mark for the first time in history. The market rebounded strongly, driven by the AI boom and a "buy the dip" sentiment. Nvidia's surge and Anthropic's soaring valuation reignited confidence in tech stocks. Meanwhile, cryptocurrencies and precious metals experienced a violent rebound, with Bitcoin returning to $70,000 and gold and silver staging a stunning V-shaped reversal. Overall risk appetite has significantly improved, but volatility across various asset classes is high. While enjoying the new highs, investors should be wary of short-term high-level consolidation risks.
Hong Kong Stock Connect recorded a net inflow of HK$14.8 billion on Friday, with Tencent Holdings (0700) recording the largest net inflow at HK$4.3 billion, followed by Alibaba (9988); Kangfang Biologics (9926) recorded the largest net outflow at HK$306 million, followed by Yangtze Optical Fibre and Cable (6869).
Hong Kong stock market opened higher following gains in overseas markets. The HSI opened 422 points higher and fluctuated, closing up 385 points or 1.5% at 26,945; the HSCEI rose 111 points or 1.2% to 9,142; and the HSTECH gained 55 points or 1% to 5,401. Total turnover was HK$136.3bn. Insurers rose, with China Life (2628) seeing further share purchases from Ping An Insurance (2318), resulting in gains of 4.5% and 4.1% for both companies. China Taiping (0966) and China Pacific Insurance (2601) rose 4.1% and 3.6% respectively. Kuaishou (1024) was fined nearly RMB120mn by the Beijing Cyberspace Administration, causing its share price to fall 4.3%.
Source: KGI Investment Products and Solutions Department
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