UB#MTUANRC2609K

CMBI Raises Goal Price for Wuxi Biologics to HKD 39

CICC Raises Profit Forecast for Wuxi Biologics and Maintains 'Outperform' Rating

BofA Securities Downgrades WuXi Biologics' Revenue Forecast and Target Price

WuXi Biologics Approves Granting Restricted Stock Awards to Employees

Nomura Releases Report on Wuxi Biologics' Performance and Forecast

WUXI BIO released FY2025 9 Months Earnings on March 24 (BJT), actual revenue HKD 17.25 B, actual EPS HKD 0.9302

WUXI BIO released FY2025 Q3 earnings on March 24 (BJT), actual revenue HKD 6.47 B, actual EPS HKD 0.3329

WuXi Biologics reports non-GAAP EPS of ¥1.33, revenue of ¥21.79 million

WUXI BIO released FY2025 Q4 earnings on March 24 After-Market (BJT), actual revenue HKD 6.581 B, actual EPS HKD 0.3386

WUXI BIO released FY2025 Annual Earnings on March 24 After-Market (BJT), Actual Revenue: HKD 23.82 B (Forecast: HKD 24.44 B), Actual EPS: HKD 1.2685 (Forecast: HKD 1.2274)

WuXi Biologics Reports 45.3% Increase in Net Profit to RMB 5.733 Billion in 2025 Fiscal Year

WUXI BIO to Release FY2025 Earnings on March 24 After-Market (BJT), Forecast Revenue HKD 25.04 B, EPS HKD 1.2529

WuXi Biologics Signs Strategic Collaboration Agreement with Earendil Labs

Nichi Xia Cheng B-Type Private Plc Issues 84,033,600 Shares to Wuxi Biologics HealthCare Venture

BlackRock Reduces Stake in Wuxi Biologics H-shares to 4.51%

Nordic Nanovector Raises Nearly HK$200 Million Through Rights Issue to WuXi Biologics

Easton Securities Maintains Buy Rating on Wuxi Biologics

J.P. Morgan Raises Wyeth Biologics' Forecast and Target Price

Morgan Stanley Raises Target Price for Wuxi Biologics to 50 HKD

WuXi Biologics Anticipates 16.7% Revenue Growth to 21.79 Billion Yuan in 2025; Gross Margin to Increase by 5 Percentage Points to 46%

LEOCH INT'L

STARGLORY HLDGS

INTELLIMARK W27

BEST FOOD HLDG

GAOYU FINANCE

EXTREME VISION

TIAN TU CAPITAL

HSC RESOURCES

EPI (HOLDINGS)

LAP KEI ENGRG

MPNGY

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China's market regulator has ordered major food delivery platforms, including Meituan, Taobao Shangou, and JD.com, to enhance food safety measures ahead of new regulations set to take effect in June. The State Administration for Market Regulation emphasized the need for strict compliance with safety requirements, self-inspections, and improved management of delivery processes. Food delivery riders are also encouraged to participate in safety supervision.

- China's market regulator has mandated major food delivery platforms to enhance food safety protocols before new regulations take effect in June.  
- The State Administration for Market Regulation directed Meituan, Taobao Shangou, and JD.com to adhere to stringent regulatory requirements and ensure food safety responsibilities are met.  
- Platforms are required to conduct self-inspections, tighten vetting and management processes, and encourage riders to engage in safety supervision.

Yahoo Finance

Meituan

JD LOGISTICS

BABA-W

ALI HEALTH

JD.com

JD-SW

MEITUAN

JD HEALTH

China regulator orders food delivery giants to strengthen safety controls

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BABA

TCEHY

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BABX

KBAB

EBIZ

The Nasdaq Golden Dragon China Index initially closed down 0.3%. Among popular Chinese concept stocks, Tencent initially closed down 2%, while Xiaomi, JD.com, Meituan, Alibaba, and PDD fell by at least about 1%. Li Auto rose 0.4%, Xpeng rose 1.1%, and NIO rose 1.2%

Wallstreetcn

NIO Inc

Li Auto

NASDAQ Golden Dragon China Index

NIO-SW

XPENG-W

Alibaba

LI AUTO-W

Tencent

TENCENT

Tencent Holdings Limited

XIAOMI-W

Xiaomi Corporation

XPeng

Roundhill China Magnificent Seven ETF

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long PDD Daily ETF

KraneShares 2x Long JD Daily ETF

KraneShares 2x Long BABA Daily ETF

Direxion FTSE China Bull 3X

GraniteShares 2x Long PDD Daily ETF

Global X E-commerce ETF

Roundhill China Dragons ETF

Krne Csi China Internet

Invesco Golden Dragon China

iShares MSCI China

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06869

Hong Kong's three major indices closed lower today, with the Hang Seng Index and the Hang Seng Tech Index undergoing significant corrections, reflecting safe-haven sentiment and short-term volatility under market pressure. Certain auto and resource stocks performed strongly, with Shandong Molong and Geely Automobile attracting concentrated capital, indicating a structural divergence in market focus. As fluctuations in external trade and the macroeconomic environment persist, investors should monitor policy guidance, exchange rates, and international capital flows. This article summarizes the performance of major sectors, market focus stocks, and active trading directions

- On April 2, Hong Kong's stock indices experienced significant declines, with the Hang Seng Index closing at 25,116.53 points, down 0.70%.  
- The market sentiment was pressured by fluctuating import-export rates, leading to uncertainty in corporate profit expectations.  
- Mixed sector performances were noted, with notable gains in select stocks like Geely Automobile, which rose 8.37%, while major tech stocks like Alibaba and Xiaomi faced declines.

LB Select

GEELY AUTO

CNOOC

SHANDONG MOLONG

ZHIDA TECH

HK.AI CAPITAL

YOFC

SMIC

POP MART

Hong Kong Market Close | Three major indices fall across the board, tech sector leads declines, while auto and resource stocks remain active against the trend

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Meituan's self-operated instant retail business, Little Elephant Supermarket, has officially opened its first store in Xianyang. It is positioned as a "30-minute quick delivery supermarket" for community residents, using a "mobile app + offline service station" operating model. Currently, the service network of Little Elephant Supermarket has covered more than 20 major cities across the country, including Beijing, Shanghai, Guangzhou, Shenzhen, Wuhan, Nanjing, and Xi'an

AASTOCKS

SPDR S&P Retail ETF

Guotai MSCI China A ESG General ETF

ProShares Online Retail

Yinhua MSCI China A ETF

Amplify Online Retail ETF

VanEck Retail ETF

China Merchants CSI Hugangshen Staples Leading ETF

Meituan's Little Elephant Supermarket opens its first store in Xianyang

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On April 2, the three major Hong Kong stock indices were under overall pressure during intraday trading, with the Hang Seng Tech Index falling by over 2%. Profit-taking pressure was released, and market sentiment remained weak. The internet sector collectively declined, with Alibaba and Xiaomi both dropping more than 4%. Shandong Molong delivered a standout performance, surging 19.90% against the trend during the session, with turnover exceeding HK$3.1 billion. On the macro front, focus remains on import/export fluctuations and PMI data, as the foundation for economic recovery still needs consolidation

- As of April 2, Hong Kong's major stock indices faced pressure, with the Hang Seng Index dropping 1.30% to 24,965.78 points.  
- The electronics sector struggled due to weak downstream demand, influencing major companies like TCL Electronics and Skyworth, while the internet content sector declined amid tighter regulations and overall market adjustments.  
- Investors are closely monitoring external trade data amid ongoing economic recovery concerns, with specific stocks like Shandong Molong and Geely Automobile showing significant gains.

Market Heartbeat

E Fund CSI HK Connect Internet ETF

Hwabao CSI HK Equities Internet ETF

iShares China Large Cap

TCL ELECTRONICS

SKYWORTH GROUP

SUNNY OPTICAL

KNOWLEDGE ATLAS

HK Stocks Intraday | Tech Stocks Under Pressure as Alibaba Falls 4.07%; Shandong Molong Surges 19.90% Against the Trend

STECH

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The Hang Seng Index closed at 25,017 points, down 276 points or 1.1%. The Hang Seng TECH Index reported 4,651 points, down 104 points or 2.2%. Xiaomi Group fell over 4%, Alibaba fell over 3%, and MEITUAN fell over 3%. Geely, Bank of China, Guofu Quantum, Weili Zhibo-B, and Huishang Bank reached new highs

Hang Seng TECH Index

Hang Seng Index

GX HS TECH

Tianhong Hang Seng TECH ETF(QDII)

The Half-Day Report: The Hang Seng Index fell by 276 points; the Hang Seng TECH Index dropped by 104 points. Xiaomi Group fell over 4%, Alibaba fell over 3%, and MEITUAN fell over 3%. Geely, Bank of China, Guofu Quantum, Weili Zhibo-B, and Huishang Bank reached new highs

On April 2, all three major Hong Kong stock indices weakened intraday, with the HSI falling 1.01%, failing to return to the previous trading day's high. Hardware, retail, and internet content sectors declined across the board, led by leading stocks like Xiaomi Group, Alibaba, and Tencent Holdings. Market turnover was active, while YOFC and GEELY AUTO stood out by bucking the trend. Investors are focusing on changes in market volume and macroeconomic recovery guidance

- On April 2, 2026, Hong Kong's three major indices declined, reflecting cautious market sentiment.  
- The Hang Seng Index fell 1.01% to 25,037.41, unable to surpass its previous high, while the tech sector led the losses with Tencent dropping 1.33%.  
- Market participants are closely monitoring upcoming economic data to gauge recovery prospects, amidst a strong US dollar affecting performance.

BYD COMPANY

Hong Kong Stocks Intraday | Three Major Indices Collectively Weaken, Hardware and Retail Slump, XIAOMI-W Drops 3.87%

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On April 1st, Hong Kong stocks rose across the board, with the Hang Seng Index closing up 2.04% at 25,294.03 points, and the Tech Index rising 2.29%. The internet and retail sectors led the gains, with Tencent and Alibaba making significant contributions, while popular stock KNOWLEDGE ATLAS surged over 31%. The market was buoyed by positive macro data and AI innovation, with active trading, but high-level pressure still needs attention

- On April 1, Hong Kong's three major stock indices rose as risk appetite improved, with the Hang Seng Index closing at 25,294.03, up 2.04%.  
- The technology and internet sectors performed well, benefiting from AI advancements, while the oil and gas sector faced losses due to falling international oil prices.  
- Market focus remains on economic data and potential policy shifts, influencing stock performance and investor sentiment.

CAM HS TECH

CSOP HS TECH

ChinaAMC Hang Seng Technology ETF(QDII)

ISHARESHSTECH

HSTECH ETF

Hang Seng TECH ETF I

ZIJIN MINING

China Southern Hang Seng ETF

ISHARESHSI

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hong Kong stocks close | Hang Seng Index rises 2.04%, KNOWLEDGE ATLAS surges 31.94% to lead

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On April 1, the Hong Kong stock market saw a collective rise in major indices during intraday trading, with the Hang Seng Index up 2.39% and the Hang Seng Tech Index up 2.64%. The internet content and retail sectors performed strongly, with leading stocks such as Tencent Holdings and Alibaba-W significantly boosting market sentiment. The oil and gas sector, influenced by international oil prices, saw a contrarian pullback. Individual stocks like TCL ELECTRONICS and HANSOH PHARMA were active with robust trading volumes, while the market is closely watching macroeconomic data and changes in consumer confidence

- At midday on April 1, Hong Kong stocks rose, with the Hang Seng Index up 2.39% to 25,379.55 points, though it remains below recent highs.  
- The market observed significant movements in innovative sectors, with notable gains from companies such as Zhiyuan and TCL Electronics, while the energy sector faced pressure, highlighted by a drop in CNOOC shares.  
- Investor focus is shifting towards macroeconomic indicators like manufacturing PMI and unemployment rates amidst ongoing fluctuations in exports and trade.

CI-LEAP@EC2612A

LEAPMOTOR

WUXI APPTEC

SUN HUNG KAI CO

HANSOH PHARMA

Hong Kong Stocks Intraday | Hang Seng Index Rises 2.39%, Internet Retail Strong

Citic Securities has maintained a Buy rating on Meituan (MPNGF) as of March 30, setting a price target of HK$115.00. The stock closed at HK$84.20, indicating a potential upside of 35.77% based on the analyst consensus of a Strong Buy with an average target of HK$114.32. Additionally, DBS also reaffirmed a Buy rating with a price target of HK$119.00.

- Citic Securities analyst maintained a Buy rating on Meituan with a price target of HK$115.00.  
- The company’s shares closed at HK$84.20, and the analyst consensus suggests a Strong Buy with an average price target of HK$114.32, indicating a potential upside of 35.77%.  
- DBS also affirmed a Buy rating for Meituan, setting a price target of HK$119.00.

Tip Ranks

Citic Securities Keeps Their Buy Rating on Meituan (MPNGF)

As of noon, the three major Hong Kong stock market indices collectively declined significantly, with the Hang Seng Tech Index leading the drop by nearly 1%, reflecting cautious market sentiment and low risk appetite. On the sector front, heavyweight stocks suffered heavy losses, with internet services and fiber optic cable sectors performing poorly. Tencent Holdings experienced volatility, dropping over 0.08%, influenced by reduced buyback activity and substantial short selling. Industry leaders such as Alibaba, YOFC, and BYD Electronic also saw significant pullbacks. Amid pressure on mainstream sectors, market funds exhibited distinct structural arbitrage, shifting towards small-cap themes and emerging economy stocks, with CMON, CH RENEW EN INV, and J&T EXPRESS-W rising sharply against the trend. At the macroeconomic level, investors are closely watching the long-term impact of trade data on industry differentiation. Overall, the current Hong Kong stock market is characterized by intense competition within existing capital pools, displaying a clear pattern of "pressure on leaders, activity in themes."

- As of midday, Hong Kong's three major indices saw significant declines, indicating pressured market sentiment.  
- The Hang Seng Index closed at 24,624.55, down 0.51%, while the Hang Seng Tech Index and the State-owned Enterprises Index fell 0.94% and 0.84% respectively, reflecting overall weaknesses in the market.  
- Investor attention is heavily focused on macro data affecting trade and capital movement, leading to a generally cautious outlook amidst noticeable sector rotation.

BYD ELECTRONIC

CMON

SYNAGISTICS

CH RENEW EN INV

J&T EXPRESS-W

ZIJIN GOLD INTL

Hong Kong Stocks Midday Review | Hang Seng Index Drops 0.51% Below 25,000 Points, Tech and Fiber Optic Cable Sectors Plunge, CMON Surges Intraday

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Today, Hong Kong's three major indices collectively trended lower, with market sentiment significantly pressured by the external environment and policy changes; the Hang Seng TECH Index retreated by nearly 0.5%. On the market front, the oil and gas sector fell across the board due to international oil price fluctuations, with CNOOC and UNITEDENERGY GP leading the declines. Internet giants diverged; while TENCENT rose slightly, its intraday short-selling turnover exceeded HK$3 billion, indicating intense long-short contention. Meanwhile, the market showed clear structural opportunities, with retailers and the AI sector performing actively. JST GROUP, COWELL, and other stocks surged significantly, while Asymchem jumped 12% against the trend, bolstered by strong earnings and dividend plans. Overall, competition among existing funds within the market intensified, and investor caution remained high, with capital flows tilting toward high-performance stocks and those supported by buybacks

- Hong Kong's major indices experienced significant adjustments, with the Hang Seng Index at 24,719.62, down 0.13%.  
- The oil and gas sector faced notable declines, influenced by international oil price fluctuations, while retail stocks showed volatility with significant gains for some companies.  
- Market sentiment remains cautious amid concerns over liquidity and external economic conditions, suggesting differentiated risk preferences and structural opportunities.

UNITEDENERGY GP

KUAISHOU-W

SENSETIME-W

BIDU-SWR

PHANCY

HORIZONROBOT-W

JST GROUP

COWELL

Asymchem

Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline

Nomura analyst maintained a Hold rating on Meituan on March 29 and set a price target of HK$92.00.End of Quarter Sale - 50% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks The word on The Street in general, suggests a Strong Buy analyst consensus rating for Meituan with a HK$114.91 average price target.

- Nomura analyst maintained a Hold rating on Meituan, setting a price target of HK$92.00 on March 29.  
- The overall market sentiment shows a Strong Buy analyst consensus rating for Meituan, with an average price target of HK$114.91.  
- The ratings and targets reflect differing opinions on the company's stock performance potential.

Nomura Remains a Hold on Meituan (MPNGF)

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Non-ferrous aluminum stocks surged at the open, with Minfa Aluminium, YeChiu Resources, ALCHA, and TIANSHAN ALUMINUM hitting the daily limit. Yunnan Aluminium, NANSHAN ALUMINIUM, LIYUAN, and Huafon Aluminium rose over 5%. The coal sector strengthened in morning trading, with ZCE hitting the daily limit, Shaanxi Heimao approaching the daily limit, and YNCE, GANSU EC, DYEC, and ANTAI GROUP all rising

- Asian Pacific stock markets experienced significant declines on March 30, following a drop in U.S. stocks and escalating geopolitical tensions involving Iran and Houthi forces.  
- Chinese A-shares and Hong Kong stocks also fell, with key indices like the Shanghai Composite and Hang Seng Index reporting losses of 0.49% and 1.31% respectively.  
- Despite the overall downtrend, sectors such as oil, gas, and coal saw gains, with Brent crude oil prices exceeding $115 per barrel.

A and H Shares Open Sharply Lower: ChiNext Down Over 1%, Photovoltaics and Power Stocks Fall Together, Oil and Gas Rise Against Trend, Hang Seng Tech Index Down Nearly 3%, Tech Stocks Broadly Decline

UB#MTUANRC2609K(68657.HK)

UB#MTUANRC2609K Stock Performance Chart

China regulator orders food delivery giants to strengthen safety controls

The Nasdaq Golden Dragon China Index initially closed down 0.3%. Among popular Chinese concept stocks, Tencent initially closed down 2%, while Xiaomi, JD.com, Meituan, Alibaba, and PDD fell by at least about 1%. Li Auto rose 0.4%, Xpeng rose 1.1%, and NIO rose 1.2%

Hong Kong Market Close | Three major indices fall across the board, tech sector leads declines, while auto and resource stocks remain active against the trend

Meituan's Little Elephant Supermarket opens its first store in Xianyang

HK Stocks Intraday | Tech Stocks Under Pressure as Alibaba Falls 4.07%; Shandong Molong Surges 19.90% Against the Trend