MB-SDHG@EC2603B

Shangao Holding Accelerates New Energy Project Implementation

HKEX Disclosures Show Largest Increase in Holdings for HSCEI ETF

Shangao Holdings Shares Surge and Announces Share Repurchase Authorization

Significant Fluctuation in Shangao Holdings' Stock Price, HK Connect Net Inflow Reaches 2.24 Billion HKD

Shangao Holding repurchased 3.7 million shares for HKD 22.623 million

CSRC Inquired Into Shangao Holdings' Equity Distribution

ShanGao Holding Authorized to Initiate Share Repurchase Program

ShanGao Holding's Half-Year Report Reveals 506% Net Profit Growth

SDHG released FY2025 Q1 earnings on August 29, 2025 (BJT) with actual revenue of HKD 1.34 B and EPS of HKD 0.006

Shan Gao Holding Announces 2025 Half-Yearly Results: Revenue Decreases But Profit Attributable to Shareholders Turns Profitable

SDHG released FY2025 Q2 earnings on August 29 During-Market (BJT), actual revenue HKD 1.37 B, actual EPS HKD 0.0045

SDHG released FY2025 Semi-Annual earnings on August 29 During-Market (BJT), actual revenue HKD 2.71 B, actual EPS HKD 0.0089

Shangao Holdings Successfully Issued the First Corporate Bond Tokenization Product in Hong Kong

ShanGao Holdings Expected to Report Significant Half-Year Net Profit Increase to RMB 450 Million

SDHG to Release FY2025 Semi-Annual Earnings on August 29, 2025 (BJT)

ShanGao Holding's ESG rating confirmed at 2, holding in Shangao New Energy raised to 56.97%

ShanGao Holding's Stock Rises After Acquiring Shares in 21Vianet

Significant Layout of New Energy and Digital Infrastructure Business by Shangao Holdings

Shangao Holding's 亮眼业绩 and Recognition as a Leading E-Calculation Integration Company

Multiple brokers 看好 ShanGao Holdings, assign 增持 rating

CCOE

STARCOIN GROUP

ONEFORCE HLDGS

ROYAL DELUXE

STELUX HOLDINGS

TE HEALTHCARE

ASIAPAC FIN INV

WELIFE TECH

DRINDA

TIMELESS

00412

SDHG (412.HK) has recently experienced a significant drop, with daily death cross signals strengthening, and the overall atmosphere in the real estate chain becoming increasingly bleak. The technical indicators show weak bullish momentum, with short positions continuing to be released. The 5-day and 10-day moving averages are consistently trending downward, and the MACD is clearly weakening. Long bearish candlestick patterns frequently appear, highlighting a significant outflow of funds. 

Fundamentally, the sentiment in the real estate industry chain is extremely low, constrained by multiple factors such as market deleveraging, tightening financing policies, and declining consumer expectations, putting short-term pressure on SDHG's performance. The policy stimulus for the real estate sector has not met market expectations, leading to continued withdrawal by major institutions and even speculative funds, resulting in low trading volume and an increased risk of a phase-specific sell-off.

From a funding perspective, the sector has attempted to rebound multiple times recently, but the intensity has been limited, and the willingness of major players to engage in speculation is insufficient. SDHG, as a representative stock in the chain, has been further dragged down by the sector's beta. The technical indicators have repeatedly tested previous lows without stabilizing. Unless there are unexpected external positive factors such as relaxation in land supply or rapid easing of credit, a sustained phase rebound is unlikely.

In terms of strategy, the difficulty for investors has increased, and it is advisable to remain cautious. If it continues to decline and breaks previous lows, it is recommended to cut losses and exit. If there is a volume-driven rebound that stands above key short-term moving averages, there may be expectations for a rebound and correction. It is not advisable to heavily speculate on a reversal in the real estate chain in the short term unless there is timely policy support, as risks remain significant. 

Overall, the judgment is that after the drop, SDHG's short-term sentiment is bearish, and both technical and fundamental factors are unfavorable for strengthening. For the real estate chain to make a comeback, it requires positive catalysts and increased market activity. In the short term, it is advisable to closely monitor fund movements and operate flexibly

Technical Forecast

SDHG

Morning Trend | SDHG continues to plunge, can the real estate chain make a comeback?

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01122

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09678

02655

01918

SEYOND(02665) fell 11.58%, with a trading turnover 5.1 Million HKD, and a year-to-date rose 4.2%. IFBH(06603) fell 7.64%, with a trading turnover 182.3 Million HKD, and a year-to-date rose 14%. QINGLING MOTORS(01122) fell 7.46%, with a trading turnover 9.1 Million HKD, and a year-to-date rose 34.8%.

Top Gainers & Losers

SEYOND

IFBH

QINGLING MOTORS

HAIXI PHARMA

5100 XIZANG

INNOSCIENCE

UNISOUND

GUOXIA TECH

Sunac China

Top 10 HK Stock Losers (1.21)

09961

01757

01931

01045

02228

09858

00780

00268

00241

TRIP.COM-S(09961) fell 19.23%, with a trading turnover 15.8 Billion HKD, and a year-to-date fell 17%. AFFLUENT FDN(01757) fell 17.15%, with a trading turnover 42.9 Million HKD, and a year-to-date rose 87.3%. IVD MEDICAL(01931) fell 12.8%, with a trading turnover 19.9 Million HKD, and a year-to-date fell 16.8%.

TRIP.COM-S

AFFLUENT FDN

ETHK LABS INC.

APT SATELLITE

XTALPI

YOURAN DAIRY

TONGCHENGTRAVEL

KINGDEE INT'L

ALI HEALTH

Top 10 HK Stock Losers (1.15)

02513

02402

02582

02285

06651

00661

03939

01478

ALI HEALTH(00241) rose 18.96%, with a trading turnover 7.5 Billion HKD, and a year-to-date rose 54.1%. KNOWLEDGE ATLAS(02513) rose 18.81%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 85.9%. SINOHYTEC(02402) rose 15.77%, with a trading turnover 254.2 Million HKD, and a year-to-date rose 25.5%.

KNOWLEDGE ATLAS

SINOHYTEC

GUOFUHEE

CHERVON

51WORLD

CDAYENONFER

WANGUO GOLD GP

Q TECH

Top 10 HK Stock Gainers (1.14)

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08535

03696

00093

09963

Hong Kong Stock Market Overview in the Last Hour The Hong Kong stock market has shown a significant sector rotation phenomenon in the last hour, with capital preferences gradually shifting towards the non-ferrous metals and technology sectors. The overall market has experienced considerable volatility, with some individual stocks performing particularly well, and short-term enthusiasm significantly rising. There is a clear divergence in the strength of small-cap stocks and thematic stocks, with frequent inflows and outflows of capital, leading to considerable fluctuations in market sentiment. The stock with the largest movement in the last hour is STARGLORY HLDGS, which plummeted 22.73%. This stock faced a large amount of selling in a short period, leading to a rapid withdrawal of funds and a sharp decline in its price, significantly impacting market sentiment. Strong stocks: 1. SDHG: up 15.70%, driven by the non-ferrous metals sector, with noticeable capital inflow and high short-term enthusiasm. 2. CDAYENONFER: up 15.15%, benefiting from rising non-ferrous metal prices, with continuous capital inflow and steady price increases. 3. WANGUO GOLD GP - New: up 15.05%, with the overall strength of the gold sector driving a significant rise in this stock and increased market attention. 4. 51WORLD: up 15.03%, with short-term capital actively entering, leading to a rapid price increase and optimistic market sentiment. 5. INSILICO: up 12.01%, with sustained enthusiasm in the technology sector, continuous capital inflow, and strong stock performance. Stocks under pressure: 1. VISTAR HOLDINGS: down 15.32%, facing capital selling, with significant downward pressure on its price and a bearish market sentiment. 2. ZERO FINTECH: down 10.87%, with the technology finance sector performing poorly overall, significant capital outflow, and considerable downward pressure on its price

HK Stock Movers Tracker

STARGLORY HLDGS

VISTAR HOLDINGS

INSILICO

ZERO FINTECH

TRANSTECH

Hong Kong Stock Movement Update: STARGLORY HLDGS plummets 22%, SDHG leads with a 15% rise, multiple stocks show significant volatility

SDHG rose 15.70%; China General Nuclear Power fell 4.17%, with a transaction amount of HKD 285 million; Huaneng International Power Co., Ltd. rose 0.86%, with a transaction amount of HKD 199 million; Longyuan Power fell 0.43%, with a transaction amount of HKD 151 million; China Resources Power fell 0.39%, with a market value of HKD 93.5 billion

Hong Kong Stock Movement: SDHG rises 15.70%, active capital inflow attracts market attention

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Market Overview of Hong Kong Stocks in the Last Hour The Hong Kong stock market has shown a significant sector rotation phenomenon in the last hour, with the pharmaceutical and technology sectors performing particularly well. In terms of capital flow, there is a clear preference for short-term funds, with some small-cap stocks and thematic stocks being favored. The overall market rhythm is fast-paced, with large fluctuations, and short-term enthusiasm continues to heat up. Among the stocks with the largest movements in the last hour, CENTRAL DEV H surged 32.65%, becoming the market focus. Driven by short-term funds, this stock exhibited a strong upward momentum, with multiple large buy orders appearing during the session, boosting overall market sentiment. Strong Stocks 1. SDHG: Up 16.28%, with active short-term funds and multiple volume surges during the session. 2. ALI HEALTH: Up 15.14%, with the pharmaceutical sector strengthening overall and continuous capital inflow. 3. MARKETINGFORCE: Up 10.97%, driven by short-term funds, with significant fluctuations during the session. Pressured Stocks 1. DEEWIN: Down 24.00%, with significant capital outflow and noticeable selling pressure during the session. 2. VISION SYNERGY: Down 16.10%, with short-term funds withdrawing, putting pressure on the stock price

CENTRAL DEV H

DEEWIN

VISION SYNERGY

MARKETINGFORCE

Hong Kong Stock Movement Update: CENTRAL DEV H surged 33%, DEEWIN plummeted 24%, and healthcare stocks attracted short-term capital

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09995

03833

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02689

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SDHG(00412) rose 25.18%, with a trading turnover 90.1 Million HKD, and a year-to-date rose 27.9%. AFFLUENT FDN(01757) rose 18.86%, with a trading turnover 12.8 Million HKD, and a year-to-date rose 35.5%. NOVOSENSE(02676) rose 13.14%, with a trading turnover 234.7 Million HKD, and a year-to-date rose 22.3%.

NOVOSENSE

REMEGEN

XINXIN MINING

NANSHAN AL INTL

CNGR

EASY SMART GP

ND PAPER

Asymchem

Top 10 HK Stock Gainers (1.7)

00451

09988

01347

On January 7th, Hong Kong stocks closed lower across the board, with the Hang Seng Index down 0.94%. The technology and national enterprise indices were also under pressure, showing clear signs of high-level fluctuations and short-term adjustments. Core leaders such as Alibaba and BYD weakened, and market sentiment was cautious, with funds clearly on the sidelines. Stocks like GCL NEWENERGY surged against the trend, highlighting significant short-term speculative characteristics. On the macro level, the impact of international capital flows and economic recovery expectations remains profound, as the market awaits favorable signals from policies and industries

- On January 7, the Hong Kong stock market closed lower, with the Hang Seng Index down 0.94% at 26,458.95 points, amidst signs of consolidation at high levels.  
- The technology sector faced significant pressure, with major stocks like Alibaba and Tencent experiencing declines, reflecting a cautionary market sentiment.  
- Overall, investors remain cautious due to fluctuating international capital flows and economic indicators, focusing on potential sector opportunities amidst a difficult macroeconomic backdrop.

Market Heartbeat

GCL NEWENERGY

SYNERTONE RTS

FDB HOLDINGS

BABA-W

XIAOMI-W

BYD COMPANY

HUA HONG SEMI

CHINA LIFE

TENCENT

SMIC

MEITUAN

Hong Kong Stock Market Closing | Hang Seng Index fell 0.94%, technology sector under pressure, GCL NEWENERGY rose over 24%, leading popular stocks

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08635

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Overview of the Hong Kong Stock Market In the past hour, the Hong Kong stock market has shown significant sector rotation characteristics, with technology and pharmaceutical stocks performing particularly well. In terms of capital flow, short-term funds seem to favor small-cap stocks and thematic stocks, with active market sentiment and considerable volatility. Overall, there is a clear divergence in market strength, with some individual stocks standing out due to capital support. Among the stocks with the largest movements in the past hour, Zhongfa Development Holdings experienced a sharp decline, with a drop of 35.71%. This trend has attracted market attention, with clear signs of capital outflow, significantly impacting short-term sentiment. Strong stocks: 1. SDHG: Up 21.58%, with significant capital inflow and high short-term enthusiasm. 2. DIMMI LIFE HLDG: Up 18.60%, with positive market sentiment and significant sector linkage effects. 3. NOVOSENSE: Up 17.26%, supported by the active performance of the technology sector. 4. PROSP GP INTL: Up 16.67%, with strong stock performance driven by short-term capital. 5. BASETROPHY GP: Up 15.23%, with optimistic market expectations for its future development. 6. ELEPHANT HLDGS: Up 11.34%, with increased capital attention and steady stock price rise. 7. TR INTERIORS: Up 11.11%, benefiting from the overall recovery of the automotive sector. 8. Rongchang Bio: Up 10.04%, with strong performance in the pharmaceutical sector boosting its stock price. Pressured stocks: Zhongfa Development Holdings: Down 35.71%, with heavy market selling pressure and clear capital outflow

DIMMI LIFE HLDG

PROSP GP INTL

BASETROPHY GP

ELEPHANT HLDGS

TR INTERIORS

Hong Kong Stock Market Movement Update: CENTRAL DEV H plummets 35%, SDHG leads the gainers, multiple small-cap stocks rise over 15%

688347

As of midday, the three major indices of the Hong Kong stock market have collectively retreated, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index all experiencing adjustments, highlighting characteristics of high-level fluctuations. The retail and internet content sectors are generally under pressure, with Alibaba -W and Tencent Holdings leading the decline among the major stocks. The semiconductor sector is showing divergence, with Hua Hong Semiconductor leading in intraday gains, as funds focus on structural opportunities. Market sentiment is becoming cautious, with investors continuing to pay attention to economic recovery and policy trends, while the market shows characteristics of sector rotation, with some popular stocks exhibiting significant gains

- The Hong Kong stock market showed declines with the Hang Seng Index at 26,401.34, down 1.16%, reflecting cautious market sentiment.  
- Major sectors like retail and internet content suffered losses, while semiconductor stocks displayed a mixed performance, indicating shifting investment interest towards short-term structural opportunities.  
- Investors remain focused on macroeconomic factors, particularly retail and export adjustments, as well as manufacturing PMI and employment pressures affecting market dynamics.

Hua Hong

JD-SW

MNSO

KUAISHOU-W

BIDU-SW

BIREN TECH

HASHKEY HLDGS

Alibaba

Hong Kong stocks intraday | The three major indices are under pressure, Alibaba -W fell 3.78%, Hua Hong Semiconductor rose 4.17%, with funds flowing into the semiconductor sector during the session

SDHG rose 15.83%; China General Nuclear Power fell 2.00%, with a transaction volume of HKD 150 million; Huaneng International Power fell 0.70%, with a transaction volume of HKD 136 million; China Resources Power fell 0.06%, with a transaction volume of HKD 93.1 million; Longyuan Power fell 0.15%, with a market value of HKD 57.1 billion

Hong Kong Stock Movement: SDHG rises 15.83%, potential of the Jiaoneng Integration Project attracts market attention

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CARLINK TECH(02531) fell 26%, with a trading turnover 5.0 Million HKD, and a year-to-date fell 64.3%. DEEPEXI TECH(01384) fell 11.56%, with a trading turnover 33.0 Million HKD, and a year-to-date rose 138.2%. GUOXIA TECH(02655) fell 9.13%, with a trading turnover 63.3 Million HKD, and a year-to-date rose 98%.

CARLINK TECH

DEEPEXI TECH

YEEBO (INT'L H)

ZHIDA TECH

FANGZHOU JIANKE

DL HOLDINGS GP

FENGYINHE

JINHAI MED TECH

Top 10 HK Stock Losers (12.17)

00139

SMART FISH announced that from September 22 to 24 this year, it sold a total of 65.356 million shares of SDHG in the market, with a price per share ranging from 3.82 to 5.94 yuan, for a total cash consideration of 324 million yuan. The estimated proceeds from the sale are approximately 155 million yuan

SMART FISH sells SDHG to realize 324 million yuan

MB-SDHG@EC2603B(21106.HK)

Morning Trend | SDHG continues to plunge, can the real estate chain make a comeback?

Top 10 HK Stock Losers (1.21)

Top 10 HK Stock Losers (1.15)

Top 10 HK Stock Gainers (1.14)

Hong Kong Stock Movement Update: STARGLORY HLDGS plummets 22%, SDHG leads with a 15% rise, multiple stocks show significant volatility