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港股第一眼
wrote a column · Jul 15 12:20

Hong Kong Market Flash | Hong Kong stocks open significantly higher; this company's net profit surges by as much as 1,377%

On the morning of July 15, South Korean stocks surged sharply, spurring a strong rebound in Hong Kong equities during early trading.
At the open, the Hang Seng Index stood at 24,551.34 points, up 210.61 points or 0.87%.
On the morning of July 15, South Korean equities surged sharply, spurring a strong rebound in Hong Kong stocks during early trading. At the market open, the Hang Seng Index stood at 24,551.34 points, up 210.61 points or 0.87%. The Hang Seng Tech Index opened at 4,716.18 points, rising 36.72 points or 0.78%. Overseas markets saw the South Korea KOSPI index jump more than 3% at the open, with gains later expanding to over 6%. On the news front, SK Hynix’s American Depositary Receipts (ADRs) soared more than 27% overnight, fueling sharp gains in South Korea’s major memory chip makers. In early trading, SK Hynix rose over 11%, while Samsung Electronics gained more than 6%. Among today’s Hong Kong market highlights, fiber-optic industry leader YOFC (HK06869) surged more than 16% in early trading before paring some gains. YOFC stated that during the reporting period, accelerated construction of computing power data centers drove sustained growth in demand for new fiber-optic cable products both domestically and overseas, continuously improving the industry’s supply-demand dynamics. Leveraging its globally leading industry position, the company seized international market opportunities, aggressively expanded its computing-power-data-center-related business, and achieved significant client expansion, product mix optimization, and profitability enhancement, resulting in a substantial year-over-year increase in operating performance. Additionally, leading pharmaceutical companies also received positive news, with Joinn Laboratories (HK06127) rising more than 10%. On July 15, Joinn Laboratories released a preliminary earnings announcement for the first half of the year, forecasting net profit in the range of RMB 600 million to RMB 900 million...
The Hang Seng Tech Index opened at 4,716.18 points, rising 36.72 points or 0.78%.
Overseas, South Korea's KOSPI index opened more than 3% higher and later extended gains to over 6%. In news developments, SK Hynix’s American Depositary Receipts (ADRs) jumped over 27% overnight, fueling a sharp rally in South Korea's memory chip leaders. SK Hynix rose more than 11% in early trading, while Samsung Electronics gained over 6%.
Among Hong Kong market highlights today, fiber-optic leader YOFC (HK06869) surged more than 16% in early trading before paring some gains.
On the morning of July 15, South Korean equities surged sharply, spurring a strong rebound in Hong Kong stocks during early trading. At the market open, the Hang Seng Index stood at 24,551.34 points, up 210.61 points or 0.87%. The Hang Seng Tech Index opened at 4,716.18 points, rising 36.72 points or 0.78%. Overseas markets saw the South Korea KOSPI index jump more than 3% at the open, with gains later expanding to over 6%. On the news front, SK Hynix’s American Depositary Receipts (ADRs) soared more than 27% overnight, fueling sharp gains in South Korea’s major memory chip makers. In early trading, SK Hynix rose over 11%, while Samsung Electronics gained more than 6%. Among today’s Hong Kong market highlights, fiber-optic industry leader YOFC (HK06869) surged more than 16% in early trading before paring some gains. YOFC stated that during the reporting period, accelerated construction of computing power data centers drove sustained growth in demand for new fiber-optic cable products both domestically and overseas, continuously improving the industry’s supply-demand dynamics. Leveraging its globally leading industry position, the company seized international market opportunities, aggressively expanded its computing-power-data-center-related business, and achieved significant client expansion, product mix optimization, and profitability enhancement, resulting in a substantial year-over-year increase in operating performance. Additionally, leading pharmaceutical companies also received positive news, with Joinn Laboratories (HK06127) rising more than 10%. On July 15, Joinn Laboratories released a preliminary earnings announcement for the first half of the year, forecasting net profit in the range of RMB 600 million to RMB 900 million...
YOFC stated that during the reporting period, demand for new-generation fiber-optic cables continued to grow both domestically and internationally, driven by accelerated construction of computing power data centers, leading to ongoing improvements in industry supply-demand dynamics. Leveraging its globally leading position, the company seized international market opportunities, aggressively expanded its computing infrastructure-related business, achieved expansion among core clients, optimized its product mix, and enhanced profitability, resulting in a significant year-over-year increase in operating performance.
Additionally, pharmaceutical sector leaders also received positive news, with Charles River Laboratories China (HK06127) rising over 10%.
On the morning of July 15, South Korean equities surged sharply, spurring a strong rebound in Hong Kong stocks during early trading. At the market open, the Hang Seng Index stood at 24,551.34 points, up 210.61 points or 0.87%. The Hang Seng Tech Index opened at 4,716.18 points, rising 36.72 points or 0.78%. Overseas markets saw the South Korea KOSPI index jump more than 3% at the open, with gains later expanding to over 6%. On the news front, SK Hynix’s American Depositary Receipts (ADRs) soared more than 27% overnight, fueling sharp gains in South Korea’s major memory chip makers. In early trading, SK Hynix rose over 11%, while Samsung Electronics gained more than 6%. Among today’s Hong Kong market highlights, fiber-optic industry leader YOFC (HK06869) surged more than 16% in early trading before paring some gains. YOFC stated that during the reporting period, accelerated construction of computing power data centers drove sustained growth in demand for new fiber-optic cable products both domestically and overseas, continuously improving the industry’s supply-demand dynamics. Leveraging its globally leading industry position, the company seized international market opportunities, aggressively expanded its computing-power-data-center-related business, and achieved significant client expansion, product mix optimization, and profitability enhancement, resulting in a substantial year-over-year increase in operating performance. Additionally, leading pharmaceutical companies also received positive news, with Joinn Laboratories (HK06127) rising more than 10%. On July 15, Joinn Laboratories released a preliminary earnings announcement for the first half of the year, forecasting net profit in the range of RMB 600 million to RMB 900 million...
On July 15, Charles River Laboratories China released a preliminary earnings announcement for the first half of the year, forecasting net profit of RMB 600 million to RMB 900 million, representing a year-over-year increase of 884.90% to 1,377.40%. The company explained that during the reporting period, rising market prices of biological assets combined with their natural growth led to a favorable fair value adjustment, which positively contributed to its results. Meanwhile, its laboratories maintained stable and robust operations. Although the broader industry has started to recover, revenue only saw modest growth due to lingering effects from prior intense competition, and gross margin levels remain below pre-downturn levels.
Elsewhere in the market, tech and internet stocks broadly advanced, with Lenovo gaining over 3% and Tencent rising more than 2%. PCB-related stocks were active, with KB Special Laminate Materials opening up more than 5%. Semiconductor stocks opened higher, with GigaDevice surging over 7% at the open. Gold mining stocks generally rose, with Lingbao Gold up over 3%.
Outlook for the market ahead:
China Merchants Securities noted that the recent sharp rebound in Hong Kong equities was primarily catalyzed by improved earnings expectations for Alibaba. The firm’s research report suggested that the corrective bounce driven by oversold conditions may have run its course, and further upside will depend on upward revisions to overall Hong Kong market earnings and increased AI-related revenue contributions from major tech firms—both of which will need confirmation during the upcoming interim earnings season.
CITIC Securities remains relatively optimistic, noting that the ratio of outstanding short positions to market capitalization in the Hong Kong stock market has already surged to a historical high. Against the backdrop of gradually easing domestic and external disruptions, it expects significant room for this ratio to decline, supporting a continued rebound in the Hong Kong market. In the near term, it recommends focusing on sectors with strong fundamental visibility and catalysts, including innovative pharmaceuticals, airlines, robotics, and industrially driven metals.
Disclaimer: The content and data in this article are for reference only and do not constitute investment advice. Please verify information independently before use. Any actions taken based on this information are at your own risk.
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Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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