【Hong Kong Stock Night Futures + ADR + Northbound Funds】Meituan ADR up 2% in Hong Kong; Night Futures rise 96 points (updating continuously)

【Hang Seng Index / Hang Seng Index / HSIC / Hang Seng / HSI / Hong Kong Stocks / Night Futures / ADR】 Iran situation remains volatile; night futures up 96 points, at 24,886 points. China concept stock index rises 1.4%, at 6,796 points. After Meituan earnings, ADR prices improve, 2% higher than Hong Kong closing prices.

Northbound funds reduce inflow to HK$3.34 billion, mainly buying the Tracker Fund (02800). Daily inflow of HK$1.38 billion. China National Offshore Oil Corporation (00883) and Kuaishou (01024) record net inflows of HK$1.1 billion and HK$910 million respectively. Outflows include Alibaba (09988) and SMIC (00981), with HK$1 billion and HK$520 million respectively.

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Hang Seng Index drops 479 points, falls below 25,000. Kuaishou shares plunge 14%, China Life drops 8%, Meituan down over 3% after earnings. Bubble Mart trades over HK$15.3 billion, down 10%, a two-day decline of 30%.

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Financial Daily:

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Hang Seng Index ultimately falls 479 points, closing at 24,856, below 25,000. Turnover HK$261.66 billion. Tech index drops 3.3%, at 4,761 points. Earnings stocks take turns to unwind positions. Kuaishou plunges 14% after earnings, China Life drops over 8%, Meituan down over 3%, Bubble Mart down over 15.3 billion, down 10%, two-day decline of 30%.

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Market Movements:

【18:12】【1368 Earnings】Xtep: expects continued revenue growth this year, opens Saucony flagship store at K11 in June, full-year profit up nearly 11%, final dividend maintained at 9.5 cents

【17:45】【Ping An 2318 Earnings】China Ping An’s final dividend up 8% to 1.75 RMB, current dividend yield 5.2%, full-year new business value up 29%

【17:38】【3690 Earnings】Meituan Q4 revenue up 4% year-over-year, adjusted loss HK$15.08 billion, worse than expected

【17:29】【Airfare Increase】Cathay Pacific to add fuel surcharge from April 1, increase 34% for short, medium, and long-haul flights, with biweekly review

【17:14】【Digital Banking】PAObank rebrands as “Ping An Digital Bank,” CEO Yao Wensong explains two main reasons

【17:10】【883 Earnings】CNOOC’s net profit last year down 11.4%, final dividend reduced 16% to HK$0.55

【17:02】【Property Management Earnings】Cushman & Wakefield China profit down 9%, revenue up 6%, maintains high dividend payout, final dividend increased to 10 HK cents

【16:59】【HKD Fixed Deposit】HKD fixed deposits with special terms offer up to 4% interest, plus a 20% super high interest “extra time competition”

【16:45】【Pharmaceutical Earnings】China Biotech Pharma 1177’s profit down 33% last year, pays a final dividend of 5 HK cents

【16:43】【941 Earnings】China Mobile’s full-year net profit down 0.9% to RMB 137.1 billion, final dividend up 1% to HK$2.52

【16:20】【MeituXiuXiu Parent Company】Meitu suspends trading this morning, suspected early leak of annual results

【16:20】【09919 Earnings】AideWesun’s dividend payout ratio rises to 80%, optimistic about luxury market recovery

【16:10】Hang Seng Index finally drops 479 points, closing at 24,856, below 25,000. Turnover HK$261.66 billion. Tech index down 3.3%, at 4,761. Points. Stocks with earnings take turns unwinding positions. Kuaishou (01024) drops 14%, China Life (02628) down over 8%, Meituan (03690) down over 3%, Bubble Mart (09992) down over HK$15.3 billion, down 10%, two-day decline of 30%.

【16:00】Hang Seng Futures down 508 points, at 24,827, with HK$250.8 billion traded.

【15:48】Market remains near 24,800 points before closing.

【15:23】Oil prices rise 2%, CNOOC (00883) up over 2%, PetroChina (00857) up over 1%.

【15:18】Hong Kong stocks fall about 530 points to around 24,800.

【14:42】【2628】China Life’s total investment income last year surged 26%. Focus on three major directions for equity investments this year. Minimal overseas exposure.

【14:32】Hang Seng drops nearly 500 points to 24,850, down 485 points, with HK$195.6 billion traded. Tech index down 3.1%, at 4,769 points.

【14:05】Bubble Mart (09992) falls over 11%, breaking HK$150 support, low at HK$149.3.

【13:43】Xiaomi (01810) shares stabilize, up 0.5%, high at HK$33.18.

【13:36】【152 Earnings】Shenzhen International’s stock plunges 13%, net profit down 22% year-over-year to HK$2.25 billion, final dividend down 23% to HK$0.46, optional stock dividend.

【13:34】【GAP】GAP plans to reopen in Hong Kong within the year, plans to open 50 stores in mainland China this year.

【13:29】Hang Seng Index drops 500 points in afternoon, Kuaishou down 13%, China Life down 9%, Alibaba and Meituan down over 4%.

【13:01】Hang Seng drops about 335 points early afternoon, struggling to hold 25,000.

【12:53】【881 Earnings】Zhongsheng’s 2022 profit turns loss, HK$1.673 billion RMB, no final dividend. Founders to reduce 2026 salary to HK$1 to show resolve.

【12:49】【Food Delivery Stocks Analysis】Meituan and Alibaba both down 3%. Analysis: Is the food delivery war over? If the era of burning cash for subsidies ends, Meituan will benefit most.

【12:42】【9992 Analysis】Bubble Mart shares fall another 9%, major banks cut target prices. Analysis: Management’s growth targets too low, revenue more concentrated in Labubu.

【12:37】【1368 Earnings】Xtep’s full-year profit up nearly 11%, final dividend maintained at 9.5 cents.

【12:31】【1475 Earnings】Nissin Foods’ full-year net profit up nearly 65% to HK$330 million, pays a final dividend of HK$0.158.

【12:00】Hang Seng half-day down 347 points, at 24,988, with HK$136.73 billion traded. Tech index down 2.1%, at 4,817 points. Kuaishou (01024) down over 13%, Alibaba (09988) down over 3%, Meituan (03690) down 3%, China Life (02628) down nearly 8%, Bubble Mart (09992) down over 9%.

【11:34】【2319 Earnings】Mengniu expects revenue to rebound this year, with single-digit growth target. Why did last year’s net profit surge nearly 14 times?

【11:29】【1024 Analysis】Kuaishou drops nearly 14% after earnings, Nomura lowers target price. Analysis: Concerns over AI capital expenditure, “more than can be earned.”

【11:17】【Index ETF】E Fund Asia Semiconductor ETF listed Thursday, initial subscription in the billions.

【11:06】Market further declines, down about 400 points to 24,935, with HK$112.9 billion traded. Tech index down 2.4%, at 4,805 points. Kuaishou (01024) down over 13%, Alibaba (09988) down 4%, Meituan (03690) down over 3%, China Life (02628) and Bubble Mart (09992) down over 7%.

【10:57】【MPF】MPF ratings: March average loss HK$21,542 per person. Urges calm and diversified investments.

【10:38】Kingsoft (03888) up over 8%, high at HK$25.1.

【3888 Earnings】Kingsoft’s profit up 29% last year to RMB 2 billion, final dividend down 13% to HK$0.13.

【10:29】Hong Kong stocks open about 350 points lower, below 25,000, low at 24,975.

【10:27】【09992】Bubble Mart shares down another 10% early, with over 1,000 buy orders at HK$150.

【10:16】【815 Earnings】China Silver’s post-earnings fall over 6%, profit up over 57 times last year, no dividend.

【10:16】Hang Seng drops about 300 points, low at 25,034, testing support at 25,000. Kuaishou (01024) down over 12%, China Life (02628) down nearly 6%.

【09:58】Meituan (03690), which surged yesterday, reports earnings today. Shares down 3% before earnings, at HK$87.2.

【09:51】Market opens about 200 points lower, at 25,134.

【09:43】【00799】IGG up over 20%, high at HK$3.63.

【Mobile Game Stocks 799 Earnings】IGG’s full-year net profit down less than 0.1%, pays total special dividends of HK$0.544.

【09:40】【02628】China Life’s earnings down over 3%, low at HK$26.38.

【2628 Earnings】China Life’s final dividend up 37% to RMB 0.618, with 36% growth in new business value.

【09:39】【00511】TVB’s earnings up over 1% after market, high at HK$2.93 early.

【TVB 511】TVB turned profitable last year with HK$59 million, no dividend. Xu Tao: AI helps reduce production costs by 30%, rebranding as “Wireless Group” to reflect multi-platform entertainment media (second edition).

【09:33】【09992】Bubble Mart opened down nearly 10%, low at HK$152.

【09:22】Hang Seng opens 68 points lower, at 25,267, with HK$3.83 billion traded. Tech index down 0.7%, at 4,889 points. Kuaishou (01024) down nearly 10%, Bubble Mart (09992) down another 1%, JD.com (09618) up over 2%.

【09:10】Hang Seng futures down about 17 points, at 25,255.

【08:04】【Xi-Trump Meeting】White House announces Trump’s visit to China on May 14-15; Xi Jinping to visit Washington later this year.

【07:49】【6682】Fangshi Intelligence plans to issue A-shares and list on Shenzhen Stock Exchange, with pre-listing guidance.

【07:45】【Morning Brief】Bubble Mart shares plunge over 22%, net profit nearly tripled last year; Kuaishou Q4 adjusted profit HK$5.46 billion beats expectations; Gemini fully unblocked in Hong Kong, successfully tested.

【07:45】Night futures close down 102 points, at 25,268, China concept stock index up 1.9%, at 6,897. Points. JD US stocks up 3% over Hong Kong stocks.

| ADR | Converted HKD | Change from Hong Kong Close | | Meituan ADR | 89.29 | -0.79% | | Tencent ADR | 503.19 | -0.46% | | HSBC ADR | 127.00 | +1.60% | | Alibaba US Stock | 126.92 | -1.54% |

More Hong Kong stocks ADR and China concept stock quotes:

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【07:30】【White House】Press Secretary Karoline Leavitt announced Trump’s visit to China on May 14-15; Xi Jinping to visit Washington later this year. Market expects new schedule indicates US mid-May end of Middle East war, US stocks rebounded sharply Wednesday. Dow up to 594 points, war negotiations remain uncertain, closing at 46,429; S&P 0.54% higher; Nasdaq up 0.77%; China concept index Golden Dragon Index up 1.86%.

See US market close:

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