Hong Kong Stock Movement: TOUYUN BIOTECH plummets 20%, market concerns arise due to lack of formal agreement on strategic cooperation

Hong Kong Stock Movement

TOUYUN BIOTECH plummeted by 20%. Based on recent key news:

1. On November 4th, after TOUYUN BIOTECH's stock price increased nearly 9 times over the previous three trading days, it fell over 28% today. The company stated that it has signed strategic cooperation agreements with multiple companies, expecting sales of no less than 1 billion RMB from 2026 to 2028, but has not signed formal procurement agreements. This news raised market concerns about excessive stock price increases, leading to a significant price drop. Source: Zhitong Finance

2. On November 3rd, TOUYUN BIOTECH announced that its wholly-owned subsidiary has signed a strategic cooperation agreement with a sales consortium, planning to procure a large number of products over the next three years. Although the agreement brings long-term benefits to the company, the market reacted cautiously to the lack of formal procurement agreements in the short term, causing stock price fluctuations. Source: Jinshi Data

3. On November 3rd, TOUYUN BIOTECH issued a statement regarding unusual fluctuations in stock price and trading volume, confirming that it is not aware of any specific reasons for the price fluctuations. This statement failed to alleviate market concerns, further exacerbating stock price volatility. Source: Economic Information Daily. The market remains cautious about the lack of formal agreements.

Stocks with High Trading Volume in the Industry

HSSP INTL rose by 11.20%. Based on recent key news:

1. On November 5th, HSSP INTL shareholders transferred stocks from FaLi Securities to Futu Securities, with a transfer market value of HKD 35.1019 million, accounting for 7.2%. This move may reflect investors' confidence in the company's future development, driving the stock price up.

2. On October 31st, the controlling shareholder Wade Investment SPC Ltd sold 13.976 million shares in the open market, reducing its holding ratio to 67.21%. The shareholder sold shares to realize profits and hopes to reduce the concentration of company equity, leading to stock price fluctuations.

3. On November 3rd, HSSP INTL resumed trading, but the market's attention was low, with no investment bank ratings in the past 90 days. After resuming trading, the stock price fluctuated significantly, reflecting market uncertainty about its future trend. The packaging and printing industry has recently experienced significant volatility.

JiaYao Holdings fell by 2.19%, with a trading volume of HKD 806,600, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

TEAMWAY INTL GP rose by 10.53%, with a trading volume of HKD 391,800, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

Stocks with High Market Capitalization in the Industry

Sun Paper Holdings has a market capitalization of HKD 1.779 billion, with no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation