--- title: "Hong Kong stock movement: GAODI HOLDINGS plummets 35%, blockchain cooperation fails to boost market confidence, heightened risks trigger panic" type: "News" locale: "en" url: "https://longbridge.com/en/news/274756601.md" description: "GAODI HOLDINGS fell 35.00%; Mengniu Dairy dropped 0.95%, with a transaction volume of HKD 224 million; WH Group rose 0.53%, with a transaction volume of HKD 92.3 million; Haitian Flavoring & Food fell 0.19%, with a transaction volume of HKD 68.7 million; Tingyi (Cayman Islands) Holding Corp. rose 2.07%, with a market value of HKD 69.3 billion" datetime: "2026-02-04T05:01:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274756601.md) - [en](https://longbridge.com/en/news/274756601.md) - [zh-HK](https://longbridge.com/zh-HK/news/274756601.md) --- # Hong Kong stock movement: GAODI HOLDINGS plummets 35%, blockchain cooperation fails to boost market confidence, heightened risks trigger panic **Hong Kong Stock Movement** GAODI HOLDINGS fell 35%. Based on recent key news: 1. On February 1, GAODI HOLDINGS signed a memorandum of cooperation with China Digital Technology, planning to establish a project company to operate cooperative businesses. China Digital Technology will provide technical services, including the development of blockchain-related products and consulting services for cryptocurrency exchange licenses. This news failed to boost market confidence, leading to a significant drop in stock prices. The volatility risk in the blockchain industry has intensified. **Stocks with High Trading Volume in the Industry** Mengniu Dairy fell 0.95%. Based on recent key news: 1. On February 3, Junlebao reached a strategic cooperation with France's Sogood Group to launch new products and enter the freshly brewed tea market. This move may pose a challenge to Mengniu Dairy's market share, affecting its stock price. 2. On February 2, the Hong Kong Stock Exchange released IPO information for Junlebao, and Junlebao's listing plan may impact Mengniu Dairy's market position, leading to stock price fluctuations. 3. On February 1, analysts maintained a hold rating on Mengniu Dairy, not including it in the recommended buy list, and the market is taking a wait-and-see attitude towards its future performance. Competition in the dairy industry is intensifying, and market volatility is evident. WH Group rose 0.53%. Based on recent key news: 1. On February 2, DBS Bank released a report indicating that WH Group's sales in the Chinese market are rebounding, and it is expected that packaged meat sales will achieve low single-digit growth in the fourth quarter of 2025, mainly due to the expansion of professional distributors and emerging retail channels. Although launching more affordable products may lead to a slight decrease in average selling prices, the reduction in pork costs keeps profitability per ton stable. This news boosted market confidence, driving stock prices up. 2. On February 2, DBS Bank also noted that WH Group's performance in the U.S. market is strong, with hog farming capacity streamlined to 11.5 million heads, coupled with favorable pork prices and lower feed costs, which are expected to support double-digit growth in operating profit for the fourth quarter of 2025. This optimistic profit outlook further supports the rise in stock prices. 3. On February 2, DBS Bank raised WH Group's earnings forecast for the fiscal year 2026 by 2% and increased the target price to HKD 10.8, maintaining a "buy" rating. This rating upgrade reflects market confidence in the company's future profitability, further driving stock prices up. The decline in pork prices is beneficial for the meat products industry. Haitian Flavor Industry fell 0.19%, with a trading volume of HKD 68.7 million, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Market Capitalization in the Industry** Master Kong Holdings rose 2.07%. Based on recent key news: 1. On February 3, new policies in the consumer industry were introduced, stimulating industry recovery and risk-averse funds flowing back to stable consumer sectors. Master Kong Holdings' stock price slightly moved up around the previous platform, with moderate trading volume, and the short-term bullish technical structure has been consolidated 2. On February 3rd, Master Kong Holdings held a new product promotion event in collaboration with e-commerce, stimulating short-term capital participation enthusiasm, with some funds flowing in batches, driving the stock price up. 3. On February 3rd, the defensive attributes of the consumer sector were prominent, with limited rotation space. Master Kong's overall intraday performance was stable, and after the positive news was realized, the follow-up of funds slowed down, increasing the wait-and-see impact. 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