---
title: "Hong Kong Stock Market Update: Meitu surged over 7%, while Bitcoin broke through $72,000 to hit a new high."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/109811724.md"
description: "MEITU surged over 7%, as of the time of publication, it rose by 7.05% to HKD 3.34, with a turnover of HKD 177 million. On the news front, Bitcoin trading has been heating up recently. On March 12, Bitcoin hit a high of $72,890, about RMB 523,000, rising over 5% intraday to hit a new high. At the same time, related concept stocks such as MEITU, a Hong Kong-listed company, have also seen significant gains recently. In the options market, there is a strong interest in betting on Bitcoin breaking through $80,000 or even $100,000. In addition, MEITU recently released an earnings forecast, expecting a net profit attributable to shareholders of approximately RMB 330-370 million for the year ending December 31, 2023, based on non-international financial reporting standards, representing a growth of about 200% to 230% compared to the year ending December 31, 2022. TF Securities pointed out that against the backdrop of gradually improving generative AI capabilities, MEITU is expected to validate its product strength, and the release of the profit forecast is expected to continue to convey positive information to the market."
datetime: "2024-03-13T03:09:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/109811724.md)
  - [en](https://longbridge.com/en/news/109811724.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/109811724.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/109811724.md) | [繁體中文](https://longbridge.com/zh-HK/news/109811724.md)


# Hong Kong Stock Market Update: Meitu surged over 7%, while Bitcoin broke through $72,000 to hit a new high.

Zhitong App has learned that MEITU (01357) surged over 7%, as of the time of publication, it rose by 7.05% to HKD 3.34, with a turnover of HKD 177 million.

On the news front, Bitcoin trading has been heating up recently. On March 12, Bitcoin hit a high of $72,890, about 523,000 RMB, rising over 5% intraday to reach a new high. At the same time, related concept stocks such as MEITU, a Hong Kong-listed company, have also seen significant gains in their stock prices recently. In the options market, there is a strong interest in betting on Bitcoin breaking through $80,000 or even $100,000 with call options.

In addition, MEITU recently released a profit forecast announcement, expecting to record a adjusted net profit attributable to shareholders of approximately RMB 330-370 million for the year ending December 31, 2023, according to non-international financial reporting standards, representing a growth of about 200% to 230% compared to the year ending December 31, 2022 with RMB 111 million. TF Securities pointed out that against the backdrop of gradually improving generative AI capabilities, MEITU is expected to validate its product strength, and the release of the profit forecast announcement is expected to continue to convey positive information to the market.

### Related Stocks

- [MEITU (01357.HK)](https://longbridge.com/en/quote/01357.HK.md)

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