JPTENCT@EC2608C

CHK OIL

PETRO-KING

D&G TECH

SHANDONG MOLONG

EASY SMART GP

JX ENERGY

MIE HOLDINGS

NUR HOLDINGS

ASTRUM

JINTAI ENERGY H

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On March 2nd, Hong Kong stocks collectively adjusted in the afternoon, with the Hang Seng Index falling 1.59% to 26,205.98 points, and the Hang Seng Tech Index dropping 2.12%. Market sentiment weakened, with the retail, internet, and hardware sectors generally under pressure. Despite news of a new car, Xiaomi still fell 4.58%. Risk aversion sentiment increased, flowing into the energy sector, with China National Offshore Oil Corporation rising 3.79% and Shandong Molong soaring 66.28%. The macro market is waiting for retail and export data to verify the strength of domestic demand recovery

- On March 2, Hong Kong's major indices experienced a decline, with the Hang Seng Index falling 1.59% to 26,205.98 points.  
- Retail and technology sectors faced significant losses, driven by low market sentiment and withdrawal of funds.  
- Despite the downturn, certain stocks, such as Shandong Molong and Zhonggang Petroleum, saw substantial gains, indicating a shift towards safer investment options in the energy sector.

Market Heartbeat

BABA-W

JD-SW

MNSO

KUAISHOU-W

TENCENT

BIDU-SW

XIAOMI-W

LONGCHEER

LENOVO GROUP

JIAXIN INTL RES

YOFC

Shandong Molong

China Universal CSI Oil & Gas Resources ETF

Yinhua CSI Oil & Gas Resources ETF

ChinaAMC CSI Petrochemical Industry ETF

Guotai CSI Oil & Gas Industry ETF

Hong Kong Stock Midday Review | The Hang Seng Index fell 1.59% and entered a correction, while energy stocks surged against the trend, with Shandong Molong rising 66.28%

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The Hang Seng Index closed at 26,209 points, down 420 points or 1.6%. The Hang Seng Tech Index reported 5,030 points, down 107 points or 2.1%. Xiaomi Group fell over 4%, while major stocks such as Meituan, Alibaba, Ping An, and Tencent also experienced declines. Xinyi Glass, CNOOC, OOIL, and China Shenhua reached new highs

AASTOCKS

MEITUAN

China Coal Energy

CSEC/China Shenhua

CNOOC

CHINA COAL

XINYI GLASS

OOIL

CHINA SHENHUA

The Half-Day Express reports that the Hang Seng Index fell by 420 points; the Hang Seng Tech Index dropped by 107 points. Xiaomi Group fell by over 4%. Xinyi Glass, CNOOC, OOIL, China Shenhua, and China Coal Energy reached new highs

HERO

TCEHY

516010

159869

ESPO

GAMR

TCTZF

Tencent's multiplayer adventure game "Honor of Kings World" officially announced its release date in April and has opened reservations for Apple iOS. It is reported that "Honor of Kings World" is an open-world RPG game that supports ray tracing and NVIDIA DLSS 3 technology, and it began its pioneer testing on July 24 last year. The game greatly restores the skills of the kings' heroes and has made improvements based on the characteristics of the open world

Global X Video Games & Esports ETF

Tencent

Guotai CSI Animation Game ETF

ChinaAMC CSI Animation Game ETF

VanEck Video Gaming and eSport ETF

Wedbush ETFMG Video Game Tech ETF

Tencent Holdings Limited

Tencent's "Honor of Kings World" is scheduled for release in April, with pre-registration now open on the Apple iOS platform

UBS reiterated Tencent as the industry favorite, giving it a "Buy" rating with a target price of 780 yuan. Despite Tencent's stock price having fallen about 13% year-to-date, UBS believes that most of the downside risks have been reflected in the stock price. UBS pointed out that Tencent's developments in AI and gaming are positive, believing it has strong potential in the AI agent field, especially with its 1.4 billion user base and diverse application scenarios

iShares China Large Cap

SPDR S&P Software

Direxion FTSE China Bull 3X

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Yinhua MSCI China A ETF

First Trust S-Network Streaming and Gaming ETF

Emerging Markets Internet ETF

iShares MSCI China

iShares Expanded Tech Software Sector ETF

Krne Csi China Internet

UBS reiterates Tencent as the industry favorite, optimistic about the potential of AI intelligence

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On March 2nd, the Hong Kong stock market was affected by profit-taking, with the three major indices experiencing significant declines during the session. The Hang Seng Tech Index fell by 2.86%, leading the decline. The internet, hardware, and retail sectors generally weakened, with Xiaomi Group down 4.93% and Baidu down 4.04%. Despite the market adjustment, individual stocks like D&G TECH surged against the trend due to speculative factors. Market sentiment is cautious, and investors are closely monitoring the Hong Kong manufacturing PMI and liquidity changes

- On March 2, the Hong Kong stock market experienced significant declines across major indices, with the Hang Seng Index falling 2.57% to 25,945.88 points due to profit-taking pressures.  
- Key sectors such as retail and internet content suffered, with notable declines in Alibaba and Tencent shares, while macroeconomic factors like PMI and CPI data are closely monitored by investors for insights on local economic recovery.  
- Speculative trading was highlighted by sharp increases in stocks like Deji Technology and Sinopec, suggesting volatility amid broader liquidity concerns and geopolitical factors.

DALIPAL HLDG

Xiaomi Corporation

Baidu

Hong Kong stocks intraday | Three major indices fell, technology stocks led the decline, Xiaomi Group dropped 4.93%, Baidu fell 4.04%

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On February 27th, all three major indices of the Hong Kong stock market closed higher, with the Hang Seng Index rising 0.95% to 26,630.54 points, indicating a moderate recovery in market sentiment. Sector performance was mixed; boosted by demand for AI computing power, Longbridge surged 10.06%, while Cambridge Technology fell 8.28%. Large tech stocks showed varied performance, with Tencent Holdings up 1.17%, Kuaishou down 1.18%, and Alibaba slightly down 0.07%. The current market is in a data vacuum period, with funds maintaining high-level fluctuations and consolidating, awaiting further guidance from macro policies

- On February 27, the Hong Kong stock market closed higher, with all three major indices rebounding after a short-term adjustment, signaling a moderate recovery in market sentiment.  
- The Hang Seng Index rose by 0.95% to 26,630.54 points, indicating strong resistance despite not reaching prior highs, while the Hang Seng Technology Index and the Hong Kong Enterprise Index also increased slightly.  
- Focus shifts to post-holiday liquidity and corporate earnings expectations amidst a lack of key macroeconomic data, with investors eyeing U.S. Federal Reserve policies and mainland growth strategies.

STARCOIN GROUP

CCOE

SANERGY GROUP

MAINLAND HOLD

ONEFORCE HLDGS

Hong Kong stock market closing | Hang Seng Index rose 0.95%, stabilizing at 26,600 points, YOFC surged 10.06%, Tencent rose 1.17%

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Michael Burry warns of vulnerabilities in Chinese tech stocks, highlighting that many investors do not own the companies they believe they are investing in. He points out that shares are often in offshore entities, creating a disconnect between operational success and legal claims. Burry notes that while companies like Tencent have seen revenue growth, their stock performance has stagnated, with almost 0% returns over five years. He emphasizes the need for a deeper examination of these 'Cayman Shell' companies and their structural flaws.

- Michael Burry has warned about the structural issues within Chinese technology stocks, highlighting that investors often hold shares in offshore entities rather than the companies themselves.  
- He points out a concerning disconnect between the operational success of firms like Tencent and their stock performance, with Tencent showing nearly 0% return despite significant revenue growth.  
- Burry suggests that the current situation warrants a closer examination of these investments, emphasizing that traditional valuation methods may overlook critical shifts in the market.

benzinga_article

CSOP HS TECH

FL2 CSOP HSI

FI2 CSOP HSI

FI CSOP HSI

Michael Burry Exposes 'Vulnerability' In Chinese Tech, Warns Of Hong Kong's 'Cayman Islands Shell' Trap

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Hong Kong tech stocks performed poorly in February 2024, with the Hang Seng Technology Index falling by about 10%, marking the largest monthly decline in two years. Mainland capital significantly reduced holdings, and renowned investor Michael Burry pointed out that Tencent's stock price has seen no growth over the past five years, reflecting structural issues in Hong Kong stocks. Market enthusiasm for Chinese internet giants has waned, with investors shifting towards chip and AI startups. Baidu's stock price dropped over 19% due to weak performance. The market is focusing on the earnings of JD and Bilibili to seek clues about the industry's outlook

- The Hong Kong tech sector has underperformed in the Year of the Horse, with the Hang Seng Tech Index falling nearly 10% this month, marking its largest monthly decline since January 2024.  
- Significant sell-offs from mainland investors and a lack of support have led the index to bear market territory, with a nearly 23% drop from last October's highs.  
- Investor sentiment is shifting towards chip manufacturers and AI startups, and expected earnings reports from JD.com and Bilibili may provide insights into the sector's future.

Stheadline

ChinaAMC Hang Seng Technology ETF(QDII)

CAM HS TECH

ISHARESHSTECH

Bilibili

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

Hong Kong tech stocks fell 10% in February, marking the worst performance in two years. "Big short" Burry laments: Tencent has zero returns over the past five years

As of the time of publication, the three major indices of the Hong Kong stock market are collectively strengthening during the trading session, with the Hang Seng Index approaching its recent high. The internet sector is performing well, with Tencent Holdings leading the way due to strategic adjustments and positive data from the Spring Festival, while Alibaba is rising on expectations for its cloud business. The telecommunications equipment sector is showing divergence, with YOFC reaching a historical high due to demand for AI computing power and inclusion in the MSCI Index. Market sentiment is relatively positive, with funds focusing on macroeconomic recovery and corporate performance

- The Hong Kong stock market shows an overall upward trend with the Hang Seng Index rising by 0.99%, reflecting positive investor sentiment after profit-taking.  
- Major stocks like Tencent and Alibaba experienced gains, driven by strategic adjustments and strong trading performance, particularly in the tech and retail sectors.  
- Macroeconomic factors are under scrutiny, with investors watching retail sales and GDP growth to gauge economic resilience amid evolving Fed monetary policy expectations.

Alibaba

Hong Kong stock market intraday | The Hang Seng Index rose 0.99%, approaching the recent high, Tencent Holdings rose 2.44%, YOFC surged 9.10%

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The short selling amount in the Hong Kong stock market reached HKD 21.56 billion in the half-day session, accounting for 22.1% of the total shortable stock turnover of HKD 97.45 billion. The previous day was 20%. Major shorted stocks include TRACKER FUND with a short selling ratio of 44.4% and a short selling amount of HKD 3.31 billion; CSOP HS TECH with a short selling ratio of 56.6% and a short selling amount of HKD 2.1 billion; TENCENT with a short selling ratio of 14% and a short selling amount of HKD 1.04 billion; Alibaba-W with a short selling ratio of 18.8% and a short selling amount of HKD 0.95 billion; MINIMAX-WP with a short selling ratio of 29% and a short selling amount of HKD 0.54 billion

MINIMAX-WP

TRACKER FUND

The short selling in the Hong Kong stock market for half a day reached HKD 21.56 billion, accounting for 22.1% of the total turnover of shortable stocks

TSMX

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Morgan Stanley released a market strategy report for the Asia-Pacific region, listing the focus of the "high conviction opportunities" theme, including Taiwan Semiconductor, Tencent, Samsung Electronics, CATL, and several other companies

Direxion Daily TSM Bull 2X Shares

CATL

Taiwan Semiconductor

Direxion Semicon Bull 3X

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

VanEck Semiconductor ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

SPDR S&P Semicon

GTJA Allianz SSE STAR Chip Design Thematic ETF

Guotai CES Semiconductor Chip Industry ETF

Samsung Electronics 

iShares Semiconductor ETF

Morgan Stanley lists the theme focus of "High Conviction Opportunities" in the Asia-Pacific region (Table)

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Hong Kong stocks rebounded after the futures settlement day, with the Hang Seng Index rising 197 points to 26,578 points in the first half of the day. In the real estate sector, Sun Hung Kai Properties rose nearly 7%, with a 17% increase in half-year underlying profit. In the technology sector, both Tencent and Meituan saw increases, rising 2.8% and 2.1% respectively. The overall market turnover was HKD 121.827 billion

SHK PPT

Hang Seng Index

Meituan

FI2CAMNDQ100

ISHARESHSI-U

ISHARESHSI

ISHARESHSI-R

"Hong Kong Stocks" The Hang Seng Index rose 197 points in the half-day, New World Development increased nearly 7%, Tencent and Meituan performed well

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The Hang Seng Index opened 66 points higher this morning, reaching a maximum increase of 225 points, closing at 26,578 points, up 197 points or 0.75%. Sun Hung Kai Properties surged 6.8% in the half-day session, declaring an interim dividend of HKD 0.98, with several investment banks raising their target prices. New World Development rose 2.76%, and Cheung Kong Holdings increased by 1.95%. CK Hutchison fell 2.39% due to the termination of its Panama port concession. Technology stocks generally rose, with Tencent up 2.83% and MEITUAN up 2.05%. U.S. tech stocks were affected by a significant drop in NVIDIA, with the three major indices showing mixed performance

- The Hang Seng Index opened 66 points higher and peaked at 26,606, closing at 26,578, up 197 points or 0.75% with a turnover of 121.83 billion HKD.  
- Notable gains included New World Development, which rose 2.76%, while Longfor fell 2.39% amid challenges with its Panama operations.  
- In US markets, Nvidia's significant drop negatively impacted tech stocks, with the Nasdaq falling 273 points or 1.18%, while local stocks experienced mixed trading and a net outflow of 7.366 billion HKD.

NWDS CHINA

NEW WORLD DEV

The Hang Seng Index rose 1.97% in the half-day, Sun Hung Kai Properties surged 6.8%, New World Development increased by 2.7%, and ATM rose by 1% to 2.8% | Hong Kong stock market opens

On February 27th, the three major indices of the Hong Kong stock market collectively warmed up in the morning session, with the Hang Seng Tech Index rising 1.03% to lead the market, and the Hang Seng Index increasing 0.75% to maintain a strong oscillating pattern. The internet and retail sectors performed actively, with Tencent Holdings leading the trading volume with a rise of 2.83%, Alibaba following with an increase of 1.05%, and Yangtze Optical Fibre rising sharply by 3.85, while stocks like Kuaishou and Cambridge Technology experienced adjustments. On the macro level, the market is in a data vacuum period, with investors waiting for guidance from Hong Kong's retail sales and CPI data, and overall bullish sentiment has somewhat recovered

- On February 27, Hong Kong's three major indices rebounded, with the Hang Seng Tech Index leading the market.  
- The Hang Seng Index rose by 0.75% to 26,578.43 points, and investor sentiment was generally positive, particularly in the technology and retail sectors.  
- Notable individual stock performances included a 125.81% surge in Great Wall Digital's shares following the lifting of its liquidation application, attracting speculative trading.

XUNCE

XIMEI RESOURCES

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

BABA 2x Long Daily ETF - GraniteShares

Hang Seng Composite Index

Harvest Hang Seng SCHK Technology ETF

KraneShares 2x Long BABA Daily ETF

Hong Kong Stock Midday Review | Hang Seng Tech Index up 1.03%, Tencent Holdings up 2.83% leading the way, YOFC up 3.85%

BABA

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BABX

The Hang Seng Index closed at 26,578 points, up 197 points or 0.7%; the Hang Seng Tech Index reported 5,162 points, up 53 points or 1.0%. The China Enterprises Index rose 35 points to 8,849 points. Among the active blue-chip stocks, Tencent rose 2.8% to HKD 526.5, Meituan rose 2.1% to HKD 82.1, and Alibaba rose 1% to HKD 144.5. Sun Hung Kai Properties hit a new high, closing at HKD 145.6, up 6.8%; CK Asset, TECHTRONIC IND, and Cathay Pacific also reached new highs

TECHTRONIC IND

CATHAY PAC AIR

CK ASSET

The Half-Day Report: The Hang Seng Index closed at 26,578 points, up 197 points; the Hang Seng Tech Index closed at 5,162 points, up 53 points. Sun Hung Kai Properties rose over 6%. Sun Hung Kai Properties, CK Asset, TECHTRONIC IND, and CATHAY PAC AIR reached new highs

$XTALPI(02228.HK) $TENCENT(00700.HK) Is it the Chinese people paying for the military expenses again? Sad...

TENCENT-R

XTALPI

Tencent HK SDR 10to1

Unity

Conference Minutes

Below is Dolphin Research's Trans of the Q4 2025 earnings call for $Unity Software(U.US). For our earnings review, see '30% Overnight Plunge: Who Crushed Unity?'. I. Key financials recap. Q4 2025 results. Revenue $503mn (+2% YoY); Adj. EPS $0.24 (vs. Street $0.21). Adj. EBITDA $125mn (margin 25%); FCF $119mn...

Unity Software

Opendoor Tech

Opendoor Tech Series A - CW26

Opendoor Tech Series K - CW26

Opendoor Tech Series Z - CW26

Unity (Trans): Vector up 70% YoY in Jan.

30-40% upside potential. Mainly driven by AI, gaming, advertising growth. A great giant ETF company🤣. Too expensive to buy and hold for retail investor.

What is Tencent's upside potential?

JPTENCT@EC2608C(26302.HK)

Hong Kong Stock Midday Review | The Hang Seng Index fell 1.59% and entered a correction, while energy stocks surged against the trend, with Shandong Molong rising 66.28%

The Half-Day Express reports that the Hang Seng Index fell by 420 points; the Hang Seng Tech Index dropped by 107 points. Xiaomi Group fell by over 4%. Xinyi Glass, CNOOC, OOIL, China Shenhua, and China Coal Energy reached new highs

Tencent's "Honor of Kings World" is scheduled for release in April, with pre-registration now open on the Apple iOS platform

UBS reiterates Tencent as the industry favorite, optimistic about the potential of AI intelligence

Hong Kong stocks intraday | Three major indices fell, technology stocks led the decline, Xiaomi Group dropped 4.93%, Baidu fell 4.04%