MS-CNBM@EC2609A

CHK OIL

PETRO-KING

SHANDONG MOLONG

D&G TECH

JX ENERGY

MIE HOLDINGS

YUANHENG GAS

SINOPEC SSC

ZHIHUI MINING

SHENGLI PIPE

09988

09618

09896

01024

00700

00914

03323

The three major Hong Kong stock indices collectively adjusted during the session, with the Hang Seng TECH Index leading the market decline, down 1.57%. In terms of sectors, retailers, internet, and building materials sectors generally weakened, with heavyweight stocks under significant pressure. In terms of individual stocks, Alibaba fell 2.43%, Kuaishou dropped 2.56%, and CONCH CEMENT plummeted 7.19%. Market sentiment is becoming cautious, closely monitoring expectations for Federal Reserve policy and data on the recovery of the mainland economy

- The Hong Kong stock market experienced a collective decline, with the Hang Seng Index dropping 0.58% to 26,609.88 points as profit-taking pressure hindered further gains.  
- Notable declines were seen in the Hang Seng Tech Index and the Hang Seng China Enterprise Index, reflecting a cautious market sentiment amid concerns over economic recovery and the performance of various sectors.  
- Key stocks related to retail and construction suffered significant losses, while select small-cap stocks experienced sharp increases, indicating volatility and market speculation.

Market Heartbeat

BABA-W

JD-SW

MNSO

KUAISHOU-W

BIDU-SW

TENCENT

CONCH CEMENT

CNBM

WESTCHINACEMENT

FULUM GP HLDG

KEEN OCEAN

PUTIAN COMM

MICROWARE

NANFANG COMM

Dacheng Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

HSTECH ETF

CSOP HS TECH

Harvest Hang Seng SCHK Technology ETF

Hang Seng TECH ETF I

Hang Seng TECH Index

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Alibaba

Hong Kong stock market intraday | Hang Seng Tech Index down 1.57%, Alibaba down 2.43%, CONCH CEMENT down 7.19%

01888

02513

03986

02039

02659

00568

00565

00467

02338

KB LAMINATES(01888) rose 12.37%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 73.6%. KNOWLEDGE ATLAS(02513) rose 12.14%, with a trading turnover 3.2 Billion HKD, and a year-to-date rose 440.4%. GIGADEVICE(03986) rose 11.91%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 166.8%.

Top Gainers & Losers

KB LAMINATES

KNOWLEDGE ATLAS

GIGADEVICE

CIMC

BAO PHARMA-B

ART GROUP HOLD

UNITEDENERGY GP

WEICHAI POWER

Top 10 HK Stock Gainers (2.24)

02720

06600

02579

03858

03833

03939

00586

02259

RIDGE OUTDOOR(02720) rose 53.35%, with a trading turnover 90.8 Million HKD, and a year-to-date rose 210.2%. ONEROBOTICS(06600) rose 13.82%, with a trading turnover 82.3 Million HKD, and a year-to-date rose 142%. KB LAMINATES(01888) rose 11.52%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 42.4%.

RIDGE OUTDOOR

ONEROBOTICS

CNGR

JIAXIN INTL RES

XINXIN MINING

WANGUO GOLD GP

CONCH VENTURE

ZIJIN GOLD INTL

Top 10 HK Stock Gainers (2.11)

09626

On February 11th, the three major indices of the Hong Kong stock market showed a fluctuating stabilization trend during the trading session, with the Hang Seng Technology Index performing strongly, leading with a rise of 1.05%, indicating a rebound in investor interest in technology growth stocks. The Hang Seng Index slightly increased by 0.21% to 27,239.34 points. Sector performance was notably mixed: the hardware and storage sectors saw widespread gains driven by positive news from Xiaomi's business, with Xiaomi Group rising by 4.55%; the internet sector experienced mixed results, with Bilibili rising over 4% while Tencent saw a slight pullback; the semiconductor sector weakened across the board, with SMIC falling nearly 4%. Additionally, popular stocks Zhihu and Lexin Outdoor showed significant gains. The market is currently focused on the strength of macroeconomic recovery, awaiting further economic data guidance

- On February 11, Hong Kong's main indexes stabilized, with the Hang Seng Index at 27,239.34, rising 0.21%.  
- The Hang Seng Technology Index led with a 1.05% increase, reflecting a recovery in tech stocks, while the Enterprise Index also gained 0.21%.  
- Market focus remains on macroeconomic recovery and liquidity changes, with upcoming trade and retail data essential for assessing domestic demand and export resilience.

BILIBILI-W

XIAOMI-W

LENOVO GROUP

SMIC

HUA HONG SEMI

DRINDA

JLMAG

VanEck Semiconductor ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Direxion Semicon Bull 3X

GTJA Allianz SSE STAR Chip Design Thematic ETF

iShares Semiconductor ETF

SPDR S&P Semicon

Tencent

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Huaan Hang Seng Technology ETF(QDII)

Hong Kong stock market intraday | Hang Seng TECH Index rose 1.05%, Xiaomi Group rose 4.55%, SMIC fell 3.91%

159881

BYDDY

600585

159745

159787

516750

The National Bureau of Statistics report shows that in January, the PPI rose by 0.4% month-on-month, marking an increase for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month. Key features include: the construction of a unified national market driving price increases in certain industries, increased demand leading to price rises in related industries, and input factors affecting the divergence in price trends. Specifically, the prices of cement and lithium-ion battery manufacturing both increased by 0.1%, photovoltaic equipment prices rose by 1.9%, and computer communication equipment prices increased by 0.5%. The rise in international non-ferrous metal prices has driven up prices in related domestic industries

Wallstreetcn

Guotai CSI Non-ferrous Metal ETF

BYD Company

BYD COMPANY

CATL

Penghua Guozheng Non-ferrous Metal Industry ETF

Jinkosolar

BYD Company Limited

Guotai CSI All Share building Materials ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

ZIJIN MINING

CHALCO

Jinko Solar

Zijin Mining

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

E Fund CSI All Share Building Materials ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Tongwei Co.,Ltd

JIANGXI COPPER

Fullgoal CSI All Share Building Materials ETF

CSCEC

JCCL

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

National Bureau of Statistics: In January, the PPI rose by 0.4% month-on-month, increasing for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month

CBUMY

China National Building Material expects FY unaudited loss of RMB2,300 mln to RMB4,000 mln

marketscreener

CHINA NATIONAL BUILDING MATERIAL CO UNSP ADR EACH REPR 50 ORD

China National Building Material expects FY unaudited loss of RMB2,300 mln to RMB4,000 mln

China National Building Material opened lower this morning, down 9.25% to 5.1 yuan, with a pre-market transaction of 1.046 million shares, involving 5.3346 million yuan. The company issued a profit warning, expecting to turn from profit to loss by December 31, 2025, with losses ranging from 2.3 billion to 4 billion yuan, mainly due to increased impairment provisions for properties, plants, and equipment, as well as a decline in cement sales. Some losses were offset by a decrease in the cost of cement and ready-mixed concrete sales, and an increase in the selling price of fiberglass. The related asset impairment provisions are expected to reach 6 billion to 8.3 billion yuan

AASTOCKS

CNBM opened down over 9% due to expected losses of up to 4 billion RMB last year

China National Building Material Co. Ltd. (CNBM) anticipates an unaudited loss of RMB2.3 billion to RMB4 billion for the year ending December 31, 2025. This forecast indicates a significant decline in business performance. The final results are yet to be confirmed and may vary from these preliminary estimates. This information was published via the Hong Kong Stock Exchange.

Reuters

CNBM Expects 2025 Loss of RMB2.3 Billion to RMB4 Billion

China National Building Material (3323.HK) continued to show a sluggish performance after the market closed on January 20, with the stock price retreating to the short-term support range of HKD 6.65. The building materials sector overall lacks catalytic drivers, and the market's main line continues to contract, with no significant inflow of rotating funds. This week, the company had no new orders or announcements, and active buying was extremely limited, with daily trading volume continuing to shrink. On the external macro level, although the recent "14th Five-Year" transportation plan has initiated discussions on new projects, it has failed to boost the main line of building materials, resulting in low industry activity. From a technical perspective, the 5-day and 10-day moving averages continue to exert pressure, and the MACD indicator reflects a sideway pressure situation, with no short-term bottom activation signals appearing yet. Currently, the support at HKD 6.65 is receiving high attention; if it does not stabilize effectively and funds continue to be under pressure, the risk of further declines in the short term is considerable. If there is an increase in trading volume in the future or if the industry sees favorable policies and significant contracts being finalized, it may stimulate fund inflows and open a new window for volatility. In terms of operations, it is recommended to remain cautious, focusing on trend defense, and wait for local fund movements and policy catalysts to align before capturing right-side opportunities

Technical Forecast

Morning Trend | CNBM retraces to a key level, can the turnover anomaly window be opened?

Sinoma Science & Technology, a subsidiary of CNBM, reported a year-on-year increase in net profit and sales volume for wind power blades in 2025. This announcement highlights the company's growth in the renewable energy sector, particularly in wind power.

Sinoma Science & Technology Reports Higher Net Profit and Sales Volume for 2025

Citi analyst maintained a Buy rating on China National Building Material Co, setting a price target of HK$5.90. The shares closed at HK$5.33. The analyst consensus is a Strong Buy with an average price target of HK$6.92.

Tip Ranks

China National Building Material Co (3323): New Buy Recommendation for This Basic Materials Giant

Morgan Stanley expects CNBM's stock price to rise in the next 15 days, with a probability of 70% to 80%, rating it as "Overweight," with a target price of 6.51 yuan. Bloomberg reported that the Chinese government is considering introducing new real estate stimulus measures, including providing mortgage subsidies, increasing the income tax rebate limit for mortgage borrowers, and reducing housing transaction costs. If true, this will benefit Chinese building materials companies

Morgan Stanley expects CNBM's stock price to rise in the next 15 days, with a rating of "Overweight."

00241

STECH

000333

06618

CNBM rose over 2%, Midea Group, JD HEALTH, and ALI HEALTH rose over 1%; home appliances, retail, and building materials led the gains, while electrical equipment, coal, and hardware equipment saw the largest declines; southbound funds net bought HKD 15.992 billion

36Kr

ALI HEALTH

Midea Group

JD HEALTH

The Hang Seng Index closed up 0.02%, while the Hang Seng TECH Index fell 0.58%

On July 19, the Yarlung Tsangpo super hydropower project (with an investment of 1.2 trillion yuan!) officially kicked off, with five giant power stations under construction, generating electricity equ...

LONKING

CHINA POWER

CHINA RES POWER

DONGFANG ELEC

DEC.LTD

HARBIN ELECTRIC

SH ELECTRIC

Shanghai Electric

CR BLDG MAT TEC

SANY INT'L

HX BLDG MAT

Huaxin Building Materials

ZOOMLION

Zoomlion

DATANG POWER

Datang Power

雅江水电工程 1.2 万亿投资引爆市场！哪些港股接住 “万亿订单”？

MS-CNBM@EC2609A(26312.HK)

Hong Kong stock market intraday | Hang Seng Tech Index down 1.57%, Alibaba down 2.43%, CONCH CEMENT down 7.19%

Top 10 HK Stock Gainers (2.24)

Top 10 HK Stock Gainers (2.11)

Hong Kong stock market intraday | Hang Seng TECH Index rose 1.05%, Xiaomi Group rose 4.55%, SMIC fell 3.91%

National Bureau of Statistics: In January, the PPI rose by 0.4% month-on-month, increasing for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month