Fund Flows | Southbound capital snapped up HK$3.4 billion worth of Hong Kong stocks, marking the seventh consecutive day of net buying in KB Group Holdings
Track the latest developments of southbound capital flows.
Zhitong HK Connect Active Trading | June 16
Stock Connect Active Trading | June 16, 2026
Focus Shifts to Midyear Sales After China's Weak Consumer Spending -- Market Talk
CICC maintains Pop Mart's 'Outperform' rating with a target price of HK$218.
CICC released a research report stating that it maintains its adjusted net profit forecasts for Pop Mart (09992) at RMB 13.3 billion and RMB 15.5 billion for 2026 and 2027, respectively. The current share price implies adjusted P/E multiples of 16x and 13x for 2026 and 2027. As a globally leading player with scarcity value and significant growth potential, the company is currently trading at a historically low valuation. Near-term catalysts are expected, and sequential earnings improvement is anticipated in the medium term. CICC reaffirms Pop Mart as its top pick within the sector, maintains an 'Outperform' rating, and sets a target price of HK$218, implying adjusted P/E multiples of 19x and 16x for 2026 and 2027, representing 19% upside from the current price.
CICC Reaffirms Their Buy Rating on Pop Mart International Group Limited (735)
Hong Kong Market Midday Review | All three major indices fell more than 1%, with tech and internet stocks weakening; Kuaishou dropped over 4%, Meituan declined nearly 4%; Zhipu AI rose another 9%, and KB Group Holdings surged over 8%, reaching a new all-t
Tech and internet stocks underperformed, with Kuaishou-W down 4.28% and Bilibili-W falling 3.89%; sports goods stocks broadly declined, with 361 Degrees dropping 5.11% and Li Ning slipping 4.98%; internet healthcare stocks weakened, as Easy Health fell 7.71% and Ping An Good Doctor declined 7.01%;