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HSI Gain Amplifies to 600Pts+; Tea Beverage Stocks Subdued; MIXUE Slips 10%
Recommend 5 Positive 12 Negative 15 |
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On the eve of the index futures settlement day, Hong Kong bourse rallied this morning (28th), with the HSI carrying forward its five-day uptrend, last trading at 27,757, an about-4.5-year high, up 630 points or 2.3%, with a turnover of HK$176.495 million. New consumption stock MIXUE GROUP (02097.HK) opened 2.5% lower at HK$435. With losses deepened in the early session, the stock busted below the HK$400 mark to bottom at HK$396. It last printed at HK$398.8, down 10.6% against the market trend, with a turnover of 2.1031 million shares, amounting to HK$854 million. UBS downgraded MIXUE GROUP to Neutral, citing its current reasonable valuation and potential near-term negative catalysts. Its target price was reduced from HK$490 to HK$468. UBS also lowered its 2026-27 net profit forecasts for MIXUE GROUP by 7%, mainly reflecting short-term GM pressure. Rising raw material costs, increased reliance on takeaway orders and intensified competition leading to deleveraging at the store level, coupled with the expiration of the one-year lock-up period for pre-IPO investors, may wreak short-term pressure. Tea beverage stocks, bucking the market trend, were under pressure broadly, with CHABAIDAO (02555.HK) and GUMING (01364.HK) sagging 2-2.9%, and AUNTEA JENNY (02589.HK) and NAYUKI (02150.HK) losing 0.8-0.9%. AAStocks Financial News |
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