HUNBTWN@EC2701A

CLSA cuts target price for Qizil City but maintains rating

Huatai Securities and TipRanks Maintain Buy Rating for QiziCheng Technology, Google Downgrades to Hold

CICC Maintains Revenue and Non-IFRS Net Profit Predictions for Qutoutiao and Introduces New Forecasts

Quanzhi Technology Announces Solid Operational and Revenue Data

Qizilcheng Technology Reports Social Network Downloads Growth and Expected Revenue Growth for Innovative Businesses

China Everbright Securities First Covers Qizi City Technology and Gives Buy Rating

CICC Maintains Overweight Industry Rating for Qizil City Technology

TMF Trust (HK) Increased Holdings of Qizi Technology by 528,000 Shares

Three D Partners Limited Continues to Purchase Shares of Chuizi City Technology

West Securities Maintains Buy Rating for Qizi City Technology

CICC Raises Target Price for Qizi City Technology to HKD 14.5

S group reports significant growth in social and innovative business revenue

TF Securities Upgrades Cheez Tech to Buy Rating

CLSA First Covers Qizi City Technology with Outperform Rating

China Merchants Securities International gives target price and growth forecast for Qutoutiao Technology

Q2 2025 Chiuz Tech Reports Strong Revenue and Profit Growth

CooTek Sees Significant Revenue and Profit Growth in H1 2025

CMBI Raises Chisitaly's Target Price to HKD 16.2

CICC Raises Revenue Forecast for Qiyutech and Maintains Outperform Industry Rating

Group Launches Creative Community Aippy and Expands Short Drama Business Using AI

STARCOIN GROUP

DAISHOMICROLINE

IDT INT'L

GUANZE MEDICAL

BOER POWER

KNOWLEDGE ATLAS

CHINA INFO TECH

QINGHUA HOLD

SUPER STRONG

HAIZHI TECH GP

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09911

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XXF(02473) fell 21%, with a trading turnover 1.4 Billion HKD, and a year-to-date fell 70.3%. KINGDEE INT'L(00268) fell 12.64%, with a trading turnover 1.6 Billion HKD, and a year-to-date fell 16.8%. JST GROUP(06687) fell 11.6%, with a trading turnover 11.1 Million HKD, and a year-to-date fell 29.7%.

Top Gainers & Losers

KINGDEE INT'L

JST GROUP

MEITU

INSPUR DIGI ENT

NEWBORNTOWN

UNISOUND

INNOGEN-B

MINIMAX-WP

Medtide Inc.

Top 10 HK Stock Losers (2.4)

Citi has lowered the target price for NEWBORNTOWN to 16 yuan, maintaining a "outperform" rating. Although the company's operational and revenue data for the fourth quarter of 2025 showed solid performance, the stock price has corrected by 16%, mainly due to the 2026 earnings outlook being below market expectations. Citi believes that the company's investment commitments in short dramas and AI technology are reasonable, and although there is pressure on profit margins in the short term, it will contribute to long-term sustainable development

AASTOCKS

In "The Big Banks," Citigroup lowers the target price for NEWBORNTOWN to 16 yuan and maintains a "Outperform" rating

Huatai Securities has maintained a Buy rating on Newborn Town Inc. (9911) as of January 23, with a price target of HK$16.22. Additionally, TipRanks also issued a Buy rating for the company, while Google downgraded it to a Hold on the same day.

Tip Ranks

Huatai Securities Remains a Buy on Newborn Town Inc. (9911)

In a report released yesterday, from CICC maintained a Buy rating on Newborn Town Inc., with a price target of HK$14.50.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Currently, the analyst consensus on Newborn Town Inc. is a Strong Buy with an average price target of HK$15.14.

CICC Reaffirms Their Buy Rating on Newborn Town Inc. (9911)

Huatai Securities released a report stating that Newborntown's revenue forecast for last year was between RMB 6.76 billion and 7 billion, with a median of RMB 6.88 billion meeting expectations. The growth in performance is attributed to the rapid growth of social products such as SUGO and TopTop. It is expected that SUGO and TopTop will continue to experience high growth this year, with the growth rate of the general public business maintaining above 30%. In terms of innovative business, the short drama platform and "Alice Dream: Merge Games" are expected to continue to generate profits. Huatai Securities maintains a "Buy" rating, with a target price adjusted to HKD 16.22

Huatai Securities: NEWBORNTOWN's revenue last year met expectations and continued investment in AI and short dramas, rating "Buy"

Newborn Town Forecasts Higher Forecasts Higher 2025 Revenue

marketscreener

Newborn Town Forecasts Higher Forecasts Higher 2025 Revenue

Newborn Town Inc. reported a 5.9% increase in social networking downloads, reaching approximately 970 million by December 31, 2025. The revenue from its innovative business is projected to be between RMB730 million and RMB770 million, reflecting a growth of 55.7% to 64.2% compared to 2024. This growth is driven by advancements in traffic diversion, social e-commerce, short dramas, and niche games. The data is unaudited and based on preliminary internal information.

Reuters

Newborn Town Inc. Reports 5.9% Growth in Social Networking Downloads and Up to 64.2% Increase in Innovative Business Revenue for 2025

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CICC released a report listing the investment ratings and target prices for Chinese online platform stocks. Tencent, Kuaishou, Tencent Music, Bilibili, NetEase, NETEASE MUSIC, and NEWBORNTOWN are all rated as outperforming the industry, with target prices of RMB 700, RMB 89, RMB 100, RMB 220, RMB 275, RMB 324, and RMB 14.5, respectively

NetEase

NTES-S

Tencent Music

TME-SW

NETEASE MUSIC

In "Major Banks," CICC lists the investment ratings and target prices for Chinese online platform stocks (table)

China Everbright analyst maintained a Buy rating on Newborn Town Inc. yesterday and set a price target of HK$14.50.Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential Newborn Town Inc. has an analyst consensus of Strong Buy, with a price target consensus of HK$15.30.

China Everbright Remains a Buy on Newborn Town Inc. (9911)

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Hong Kong stocks closed higher today, with all three major indices rising. The Hang Seng Index surged 1.75%, boosting overall market sentiment. Funds focused on technology, hardware, and internet content sectors, with industry leaders performing exceptionally well. Retail data showed signs of recovery, stimulating a moderate rebound in the consumer sector, which attracted significant capital in both consumer and technology directions. Popular stocks such as JOINN and CYBERNAUT INT'L saw substantial gains, driving up market enthusiasm

- The Hong Kong stock market saw significant gains today, with the Hang Seng Index closing at 25,976.79 points, up 1.75%.  
- Retail and internet content sectors led the market, driven by increased consumer spending and investor interest, with notable stocks like Alibaba and Tencent rising.  
- The overall market is focused on the recovery of retail sales, which rose from 4.8% to 5.3% year-on-year in October, indicating a strengthening economic recovery.

LB Select

JOINN

BABA-W

MNSO

TENCENT

KUAISHOU-W

CHINA BAOLI TEC

LENOVO GROUP

DONGFANG ELEC

AFFLUENT FDN

SYNAGISTICS

XIAOMI-W

MEITUAN

PING AN

CIPRUN TECH

Hong Kong stocks closed | The Hang Seng Index rose 1.75%, with the technology hardware and internet content sectors leading the gains. JOINN and CYBERNAUT INT'L rose over 20%

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JOINN(06127) rose 19.75%, with a trading turnover 524.6 Million HKD, and a year-to-date rose 127.7%. CHINA STAR ENT(00326) rose 14.36%, with a trading turnover 21.7 Million HKD, and a year-to-date rose 314%. DONGFANG ELEC(01072) rose 13.59%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 168.9%.

CHINA STAR ENT

SEYOND

FIRST TRACTOR

HARBIN ELECTRIC

FENBI

CONANT OPTICAL

WASION HOLDINGS

Top 10 HK Stock Gainers (12.12)

CICC released a research report stating that NEWBORNTOWN's revenue for the first three quarters is expected to grow by 37.6% to 39.9% year-on-year, with an anticipated reach of RMB 4.91 billion to 4.99 billion. The firm maintains its revenue and profit forecasts for NEWBORNTOWN for this year and next, reiterating an "outperform the industry" rating and raising the target price by 7.4% to HKD 14.5

Zhitong

CICC: Raises the target price of NEWBORNTOWN to HKD 14.5, maintains "Outperform Industry" rating

HUNBTWN@EC2701A(23332.HK)

Top 10 HK Stock Losers (2.4)

In "The Big Banks," Citigroup lowers the target price for NEWBORNTOWN to 16 yuan and maintains a "Outperform" rating

Huatai Securities Remains a Buy on Newborn Town Inc. (9911)

CICC Reaffirms Their Buy Rating on Newborn Town Inc. (9911)

Huatai Securities: NEWBORNTOWN's revenue last year met expectations and continued investment in AI and short dramas, rating "Buy"