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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 stocks rose today. The HSI opened 175 points higher and fluctuated today, closing up 155 points or 0.6% at 27,183; the HSCEI rose 74 points or 0.9% to close at 9,242; and the HSTECH rose 33 points or 0.6% to close at 5,451. Total market turnover was HK$234.0bn. AI stocks continued to be hot, with Unisound (9678) and Ingenic Semiconductor (3696) rising 6.2% and 7.6% respectively, while Zhipu (2513) surged 14.8%. Yangtze Optical Fibre and Cable (6869) rose 8.9%. Oriental Electric (1072) and Harbin Electric (1133) rose 7.1% and 4.5% respectively in the power equipment sector.
Source: KGI Investment Products and Solutions Department
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U.S. employment data came in weaker than expected, with initial jobless claims rising by 22{,}000 to 231{,}000, above market expectations. The cooling labor market has also prompted speculation that the Federal Reserve may deliver a larger scale of rate cuts this year…