Daily focus：Want Want China Holdings (0151)
Performance diverged in the first half of 2026. Rice crackers and snacks saw strong growth driven by diversified new channels, but dairy and beverages were dragged down by cost pressures and competition. New channel partnerships and new product promotions will enhance brand penetration, but increased cash flow and promotional expenses will pose challenges for future operations. However, new products and diversified channels are expected to become the main drivers of growth.
Monday saw continued rebound momentum
Major stock indexes attempted to extend the strong rebound that began last Friday. On the same day, New York Fed President Williams stated that there was still room for interest rate cuts, leaving open the possibility of a December rate cut. Key macroeconomic events this week include September US retail sales data and the September producer price index, both to be released on Tuesday, and both of these figures will help shape market expectations for the Fed's final meeting of the year.
Hong Kong Stock Connect saw a net inflow of HK$8.5 billion on Monday, with Alibaba (9988) experiencing the largest net inflow at HK$4.07 billion, followed by Tencent Holdings (700). On the other hand, SMIC (981) recorded the largest net outflow at HK$1.02 billion, followed by CNOOC (883).
Hong Kong stock market rebounded as market consensus for the rate cut intensified. The HSI opened 232 points higher and then extended its gains today, closing up 496 points or 2% at 25,716. The HSCEI rose 159 points or 1.8% to close at 9,079, while the HSTECH gained 150 points or 2.8% to close at 5,545. Total market turnover reached HK$302.6bn. Stocks announcing their inclusion in the index performed well today. Innovent Biologics (1801) will be included in the HSI and HSCEI, and its share price rose 5.4%. Hongqiao (1378) and Yum China (9987), which were also added to theHSCEI, rose 0.5% and 1.7%, respectively.
Source: KGI Investment Products and Solutions Department
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