--- title: "Nine Dragons Raises Forecast by 77% as Hong Kong Niche Sectors See Divergent Fund Flows" type: "News" locale: "en" url: "https://longbridge.com/en/news/296906563.md" description: "Specialized segments in Hong Kong are experiencing distinct rotational plays. Nine Dragons Paper significantly boosted its full-year guidance, while biotech listings like PegBio secured robust capital backing. Crypto-linked products also reflected structural shifts as institutional money chases definitive earnings." datetime: "2026-08-25T11:33:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296906563.md) - [en](https://longbridge.com/en/news/296906563.md) - [zh-HK](https://longbridge.com/zh-HK/news/296906563.md) generator: "portal-rs" --- # Nine Dragons Raises Forecast by 77% as Hong Kong Niche Sectors See Divergent Fund Flows The Hong Kong market is currently experiencing pronounced capital rotation between recovering traditional industrials and emerging alternative assets. Recent data indicates that sector leaders in paper manufacturing and fire protection engineering are attracting inflows through substantial margin expansions, while specialized targets in biotech and cryptocurrency are undergoing valuation resets amid pipeline advancements, according to market pricing data. ### Nine Dragons Paper (2689.HK) Driven by higher-than-expected price hikes in corrugated packaging and increased self-sufficiency in wood pulp, the company raised its full-year forecast, projecting a net profit of **RMB 3.9 billion to 4.1 billion** for the fiscal year ending June 2026. This represents a massive year-over-year jump of 77.1% to 86.2%. According to people familiar with the matter, the company’s recent completion of share repurchases, coupled with upgraded price targets, has helped the stock consistently outperform the broader market in recent sessions. ### Tong Ren Tang Healthcare (2667.HK) Occupying a notable position in China's non-public traditional Chinese medicine sector with a 1.5% market share based on 2025 outpatient visits, the company recently witnessed massive demand for its IPO. In mid-2026, the retail tranche was oversubscribed by more than 159 times, locking up over **HKD 10.7 billion** in margin financing. The firm is targeting further standardization and expansion of its management services with the newly raised capital. ### New Huo Technology (1611.HK) Against the backdrop of digital asset compliance, New Huo Technology reported an interim total revenue of **HKD 1.966 billion**. In May 2026, the company launched "Alpha BTC," a pioneering asset management product compliant with the Bitcoin standard. According to internal filings, the firm is also restructuring its share option scheme to better align management incentives. ### CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK) As volatility in CME Bitcoin Futures intensifies, trading volume for this inverse product has remained elevated. Designed to offer downside protection against cryptocurrency corrections, the fund's recent market performance closely tracks the consolidation phase of offshore digital assets, providing institutional investors with a standardized hedging mechanism. ### PegBio (2565.HK) PegBio officially debuted on the Hong Kong Stock Exchange in May 2026, raising approximately **HKD 300 million**. The biotechnology firm is advancing innovative therapies for chronic diseases, with its core asset PB-119 positioned as one of the leading domestic long-acting GLP-1 receptor agonists. Regulatory filings show the company allocated roughly HKD 20.9 million strictly for working capital and general corporate purposes. ### Easy Smart Group (2442.HK) The passive fire protection engineering contractor recently logged a strong intraday surge of nearly 15%, setting a new post-listing high. The sudden influx of volume underscores a growing market appetite for localized construction compliance and reliable cash flow generating businesses in Hong Kong. ### China Longyuan Power (0916.HK) As a heavyweight in wind and coal power generation, China Longyuan continues its capacity expansion footprint. The stock posted marginal gains in recent trading, maintaining a steady trajectory. The state-backed operator is nearing completion of several grid connection optimizations to bolster its domestic power sales framework. ### DKE Holding (1770.HK) A pivotal supplier of low-power e-paper display technologies, DKE Holding remains heavily integrated into smart retail and office ecosystems. Buoyed by surging demand for IoT terminals, the company's multi-color and flexible display shipments are serving as the primary fundamental driver for its upcoming quarters. ### Senior Technology Material (6067.HK) Specializing in lithium-ion battery separators, Shenzhen Senior Technology Material recently executed its global offering in Hong Kong. Data shows that the Chinese mainland market contributed a staggering **HKD 3.86 billion** to its top line last year. The company is reportedly nearing preliminary agreements to expand its overseas capacity cooperation amid robust global EV and energy storage demand. ### APAC Resources (1104.HK) Operating across commodity trading and principal investments, APAC Resources is actively navigating the volatility in global iron ore pricing. The company leverages its financial services and loan financing division to hedge against industrial cycle risks, resulting in a narrow trading range for its shares in recent weeks. Ultimately, while these equities operate in vastly different verticals, they collectively illustrate a tactical shift among Hong Kong investors—prioritizing either crystalized earnings visibility, as seen in Nine Dragons, or potent structural catalysts like GLP-1 developments and regulated crypto vehicles. *This article does not constitute investment advice.* ### Related Stocks - [01770.HK](https://longbridge.com/en/quote/01770.HK.md) - [02565.HK](https://longbridge.com/en/quote/02565.HK.md) - [01611.HK](https://longbridge.com/en/quote/01611.HK.md) - [02442.HK](https://longbridge.com/en/quote/02442.HK.md) - [01104.HK](https://longbridge.com/en/quote/01104.HK.md) - [02689.HK](https://longbridge.com/en/quote/02689.HK.md) - [02667.HK](https://longbridge.com/en/quote/02667.HK.md) - [06067.HK](https://longbridge.com/en/quote/06067.HK.md) ## Related News & Research - [Nine Dragons Paper Announces Annual General Meeting](https://longbridge.com/en/news/303198974.md) - [Shenzhen Senior Technology Material Sets Board Meeting on Profit Distribution Plan](https://longbridge.com/en/news/302713586.md) - [APAC Resources Reports Unaudited Net Asset Value Per Share of HK$5.30](https://longbridge.com/en/news/302869187.md) - [APAC Resources Seeks Shareholder Approval for 10% Share Buyback Mandate](https://longbridge.com/en/news/302679278.md) - [Easy Smart Group Holdings Publishes ESG Report](https://longbridge.com/en/news/302846663.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**