News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
POP MART Hits Record High; MIXUE, BLOKS, GUMING Slip 5-7% after Being Added to Southbound Stock Connect
The Hong Kong bourse hovered at a two-and-a-half-month high this morning (10th), lasting at 24,230, up 49 points or 0.2%, with a turnover of HKD122.15 billion, as the market was wa...
Reset
Send
The window will close in 5 seconds
POP MART Hits Record High; MIXUE, BLOKS, GUMING Slip 5-7% after Being Added to Southbound Stock Connect
Close
Recommend
25
Positive
37
Negative
37
 
SHORT SELL
 
STOCK INFO

The Hong Kong bourse hovered at a two-and-a-half-month high this morning (10th), lasting at 24,230, up 49 points or 0.2%, with a turnover of HKD122.15 billion, as the market was watchful of the progress of the China-US trade talks.

The market kept eyes wide open on “star stocks” rather than the broader market, and the trends diverged. POP MART (09992.HK)  -12.200 (-4.646%)    Short selling $270.63M; Ratio 7.026%   opened 0.9% higher, touching a record high of HKD262. It last posted at HKD255.2, up 1.75%, with a turnover of HKD2.124 billion. LAOPU GOLD (06181.HK)  -56.500 (-6.476%)    Short selling $142.78M; Ratio 18.599%   last stood at HKD867, down 2.25%, with a turnover of HKD331 million.

Related NewsMacquarie Eyes CN Stocks' Earnings Stability in 2H25 & 3 Major Themes, Favoring HAIDILAO, CHOW TAI FOOK Benefiting from Domestic Demand
The three stocks included in the Southbound Stock Connect yesterday (9th) ebbed back this morning. MIXUE GROUP (02097.HK)  -15.600 (-3.047%)   last printed at HKD536.5, down 5.13%, with a turnover of HKD345 million. BLOKS (00325.HK)  -6.000 (-3.922%)    Short selling $25.67M; Ratio 13.100%   last stood at HKD179.5, down 7.14%, with a turnover of HKD393 million. GUMING (01364.HK)  -1.200 (-5.010%)    Short selling $5.61M; Ratio 11.695%   last traded at HKD26, down 5.97%, with a turnover of HKD160 million.

Bank of America had earlier stated that Mixue's fundamentals may not underpin its current valuation, with recent capital flows shoring up its valuation. However, the recent upswing already factored in multiple positives. The rating was downgraded from Neutral to Underperform, with the target price lifted from HKD400 to HKD465.

Huatai Securities said that Pop Mart achieved art equality through quality design and the Chinese supply chain, and promoted global IP phenomenon-level dissemination through social media. The broker maintained the adjusted net profit forecasts for 2025-27 on the company at RMB6.51 billion/ 8.96 billion/ 11.67 billion, with the target price raised from HKD219 to HKD300, and Buy rating kept.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 12:25.)

Related NewsJPM Elevates POP MART (09992.HK) TP to $330, Reaffirms Sector Top Pick, Places on Positive Catalyst Watch

AASTOCKS Financial News
Website: www.aastocks.com
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.