BEFAR GROUP

Binhua Group shares opened higher by 1.61% in the morning session and trended upward to close at HKD 3.220, up 3.87%, driven by parent company's stake increase and a shareholder buyback plan. The intraday range stretched from HKD 3.040 to 3.290, an 8.2% band. The stock, which had plunged over 20% on its debut, has rebounded sharply, now trading about 22% above its life low of HKD 2.64. Q1 2026 revenue grew 9.78% YoY to HKD 4.45 billion, net profit rose 61.49% YoY to HKD 166 million, with a net profit margin of 3.73% and EPS of HKD 0.0907 (+69.38% YoY). ROE reached 5.05%. The current price of HKD 3.220 sits about 7.7% above its 20-day MA of HKD 2.99, but remains 5.29% below the 52-week high of HKD 3.40, with YTD gains of 13.78%. While fundamentals are improving, the stock's total market cap of HKD 7.76 billion and a turnover rate of 3.26% suggest continued investor debate.

Binzhou Chemical opened higher and rallied in the morning session, gaining 5.96% to HKD 3.200, driven by its profit surge forecast and recent inclusion in the Stock Connect southbound list. The stock has rebounded 21.21% from its 52-week low of HKD 2.64, now trading above the 20-day MA of HKD 2.971, though still 5.88% below the 52-week high of HKD 3.40. While turnover was modest at HKD 1.28 million with a 0.17% turnover rate, the YTD gain stands at 13.07%.

Binzhou Chemical Group debuted on the Hong Kong Stock Exchange today with significant volatility. The stock surged to an intraday high of HKD 3.36 in the morning session before sharply retreating, hitting a low of HKD 2.91 in the afternoon and closing at HKD 3.00, down 1.3% from its IPO price of HKD 3.04, with an intraday range of 14.8%. The weak debut was attributed to cautious sentiment in the chemical sector, despite a pre-market profit forecast announcement. The company's total market capitalization stands at approximately HKD 7.23 billion, with a price-to-book ratio of 0.55x and a high turnover rate of 15.42%, indicating intense short-term speculation. The stock has retraced 10.7% from its intraday high and is only 3.1% above its intraday low, though the low PB ratio may attract some value-oriented investors.

Binzhou Chemical staged a significant afternoon rally, closing at HKD 3.020 after hitting an intraday low of HKD 2.870 in the morning session, marking a gain of approximately 5.2%. The recovery follows a debut-day plunge of over 20%, with today's upswing driven by its inclusion in the southbound stock connect list and renewed attention on the HKD 1.23 billion IPO led by CMB International. Q1 revenue reached HKD 4.447 billion, up 9.78% YoY, while net profit surged 61.49% to HKD 166 million, with operating profit jumping 97.96%. Despite the earnings rebound, the stock trades at a P/B of only 0.55x and a P/E of 22.08x, with a total market cap of HKD 7.275 billion, still below some pre-spin-off valuations.

Binzhou Chemical Group 6745.HK saw a morning session spike and retreat, reaching an intraday high of 3.07 HKD shortly after the open before closing at 2.93 HKD, up 3.53% from the previous close of 2.83 HKD. The rally was mainly driven by strong Q1 2026 earnings: operating revenue of 4.447 billion HKD (+9.78% YoY), net profit of 166.0 million HKD (+61.49% YoY), EPS of 0.0907 HKD (+69.38% YoY), and operating profit nearly doubling to 372.5 million HKD (+97.96% YoY). Net profit margin improved to 3.73% from 0.89% in Q4 2025. The current price at 2.93 HKD sits above MA20 and MA60 (both 2.88 HKD), yet remains 6.98% below the 52-week high of 3.15 HKD, with a YTD gain of 3.53%. However, the stock pulled back 4.56% from the intraday high to a low of 2.90 HKD, indicating selling pressure at higher levels.