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Market quick view | The three major indices are mixed, with the technology index down more than 1%; Robot Concept and Alcoholic Beverages stocks are active, with Horizon Robotics rising over 4% and CHINA RES BEER rising over 5%.
Network Technology stocks fell, with Baidu Group-SW down 3.97% and Alibaba-W down 1.60%; Sporting Goods stocks generally declined, with ANTA SPORTS down 3.93% and YUE YUEN IND down 3.16%; Lithium Battery stocks rose across the board, with LEOCH INT'L up 6.04% and BYD Electronics down 3.92%.
The CSI Consumer 360 index continues to show a good market trend! The two leading Beer stocks in Hong Kong have both reached new highs for the year, with BUD APAC rising 30%, outperforming Tencent.
① The two leading Beer stocks in Hong Kong have reached new highs for the year; what new logic is emerging in Consumer stocks? ② BUD APAC has risen 30% this year, outperforming Tencent; what are the highlights?
Hong Kong stocks movement | The gains of beer stocks widen in the afternoon; BUD APAC (01876) rises nearly 7%, and CHINA RES BEER (00291) increases by over 6%.
In the afternoon, beer stocks increased further; as of the time of this report, BUD APAC (01876) rose by 6.99% to HKD 9.79, and CHINA RES BEER (00291) rose by 6.49% to HKD 30.35.
Express News | The Hong Kong stock market's Alcoholic Beverages stocks have expanded in price increase, CHINA RES BEER and BUD APAC are up nearly 7%, and TSINGTAO BREW has risen over 3%.
Hong Kong Stock Afternoon Commentary | The three major Indexes show mixed gains and losses, the Science and Technology Index fell nearly 1%; Gold and Robot Concept performed impressively, with Old Puhua Gold rising over 6%, and Yuenjiang rising over 12% t
Network Technology stocks fell, Baidu Group-SW dropped by 3.87%, MEITUAN-W fell by 1.97%; Lithium Battery stocks rose, LEOCH INT'L increased by 5.66%, BYD Company rose by 3.29%; Photovoltaic Power stocks weakened, FUYAO GLASS fell by 3.57%, XINYI GLASS dropped by 0.97%.
Citi: Maintains Buy rating on CHINA RES BEER (00291) and lowers Target Price to HKD 35.6.
The bank emphasizes that BUD APAC (01876) and CHINA RES BEER are still its favored Chinese beer stocks.