SGPOMRT@EC2611A(17700.HK)

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SGPOMRT@EC2611A
17700.HK
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Pop Mart rallies in Hong Kong on aggressive push into US retail market

Pop Mart's shares surged in Hong Kong following its announcement of an aggressive expansion into the US retail market, planning to open over 20 stores this year in partnership with Simon Property Group. The company's stock rose 7% to HK$231.4, rebounding from a previous low. Despite challenges in China, including regulatory scrutiny over its blind-box sales model, Pop Mart's revenue from the Americas skyrocketed 1,142% year-on-year. Analysts remain optimistic, with Morgan Stanley and Citi maintaining positive ratings on the stock, highlighting its potential for growth and shareholder returns.

南华早报·
HK
09992
-0.09%
SG
HPPD
+0.54%
南华早报·
HK
09992
-0.09%
SG
HPPD
+0.54%

The total short selling in the Hong Kong stock market for the day was HKD 59.84 billion, accounting for 20.4% of the turnover of shortable stocks

The total short selling amount in the Hong Kong stock market reached HKD 59.84 billion, accounting for 20.4% of the turnover of shortable stocks. The main shorted stocks include TRACKER FUND, HSCEI ETF, CSOP HS TECH, Alibaba, and POP MART, with short selling ratios of 38.6%, 41.8%, 47.8%, 9.3%, and 21.3%, respectively

AASTOCKS·
HK
02828
-0.33%
HK
09988
-0.12%
HK
09992
-0.09%
AASTOCKS·
HK
02828
-0.33%
HK
09988
-0.12%
HK
09992
-0.09%

The Hang Seng Index closed up 2.58%, and the Hang Seng TECH Index rose 2.53%

SINOPEC SSC rose by about 15%, CHIFENG GOLD rose by about 11%, SD GOLD rose by about 9%, Chalco International rose by about 8%, and POP MART rose by about 7%

Wallstreetcn·
SH
513600
+0.54%
HK
01787
+0.88%
SH
600871
+9.86%
Wallstreetcn·
SH
513600
+0.54%
HK
01787
+0.88%
SH
600871
+9.86%

Selling the 8.8 trendy Sunny Sand, unable to tell the story of "affordable POP MART"

The Nezha dividend is hard to sustain

Wallstreetcn·
HK
09992
-0.09%
Wallstreetcn·
HK
09992
-0.09%

The Hang Seng Index rose 2.21% at midday, and the Hang Seng Technology Index increased by 1.74%

36Kr learned that the Hang Seng Index rose 2.21% during the midday break, and the Hang Seng Technology Index increased by 1.74%; the oil and petrochemical, consumer, and telecommunications service sectors led the gains, with CNOOC rising over 34%, China Telecom and POP MART both up over 5%; the consumer services, household goods, and home appliances sectors saw the largest declines, with MIXUE GROUP down over 10%, Saint Bella down over 3%, and Haier Smart Home down over 1%; southbound funds had a net purchase of HKD 1.136 billion

36Kr·
HK
09992
-0.09%
HK
03033
-1.04%
HK
00HSI
+0.51%
36Kr·
HK
09992
-0.09%
HK
03033
-1.04%
HK
00HSI
+0.51%
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