Hong Kong stocks movement: CNEWECON RTS plummets 29.73%, active trading attracts market attention

Hong Kong Stock Movement

CNEWECON RTS fell 29.73%, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.

Stocks with High Trading Volume in the Industry

WH GROUP had a trading volume of HKD 229 million. Based on recent key news:

1. On October 28, WH GROUP released its performance for the first three quarters, with revenue of USD 20.477 billion, a year-on-year increase of 8.54%. Although the sales of meat products decreased by 2.2%, pork sales increased by 8.4%, driving overall revenue growth. Source: Zhitong Finance

2. On October 28, a Citigroup research report indicated that WH GROUP's operating profit in the third quarter increased by 2%, in line with expectations. EBITDA and net profit grew by 13% and 15%, respectively, mainly driven by one-off items. Source: Jinshi Data

3. On October 28, CITIC Securities gave WH GROUP a buy rating with a target price of HKD 10, reflecting market confidence in its future growth. Source: Zhitong Finance The overall performance of the food processing industry is stable.

MENGNIU DAIRY fell 0.91%. Based on recent news:

1. On October 28, MENGNIU DAIRY spent HKD 4.29774 million to repurchase 300,000 shares, with a repurchase price of HKD 14.29-14.35 per share. This move shows the company's confidence in its own stock but failed to prevent the stock price from falling.

2. On October 27, MENGNIU DAIRY spent HKD 5.771 million to repurchase 400,000 shares. The consecutive repurchase actions did not significantly boost the stock price, reflecting market concerns about the company's future performance.

3. On October 28, MENGNIU DAIRY announced that its operating revenue for the first three quarters reached HKD 815 million, a year-on-year increase of 3.03%; the net profit attributable to shareholders of the listed company was HKD 23.4903 million, a year-on-year decrease of 72.04%. The significant decline in net profit raised investor concerns, putting pressure on the stock price. The competition in the food processing industry is intensifying, and the market environment is challenging.

Anjoy Food rose 7.80%. Based on recent key news:

1. On October 28, Anjoy Food released its third-quarter financial report, showing a year-on-year revenue growth of 6.61% and a net profit growth of 11.80%. The good performance of the financial report boosted market confidence, driving the stock price up. Source: Zhitong Finance

2. On October 28, market analysis pointed out that Anjoy Food was consolidating at a low level with reduced volume, and technical indicators showed oversold signals, leading some funds to start focusing on short-term rebound opportunities. This change in market sentiment also supported the stock price. Source: Zhitong Finance

3. On October 30, the food and beverage sector overall lacked incremental drivers, but the positive news and policy expectations surrounding Anjoy Food attracted some capital attention, further driving the stock price up. Source: Zhitong Finance The food and beverage sector has recently lacked incremental drivers Stocks Ranked Among the Top by Market Capitalization in the Industry

HAITIAN FLAV fell 1.59%. Based on recent key news:

1. On October 29, HAITIAN FLAV's stock price fell below the issue price, resulting in unrealized losses for investment institutions such as Hillhouse and GIC. The company's stock price was HKD 32.62, down 10% from the issue price, with a market capitalization of HKD 190.887 billion. Source: Zhitong Finance

2. On October 28, HAITIAN FLAV signed a property lease agreement with Foshan Tiande to enhance office efficiency. The new leased property will be used as office space, with a contract period from December 1, 2025, to November 30, 2028. Source: Zhitong Finance

3. On October 28, HAITIAN FLAV released its third-quarter report, with revenue increasing by 6.02% year-on-year and net profit increasing by 10.54%. Despite the growth in performance, the market reaction was tepid. Source: Zhitong Finance. Weak dining demand affected performance