The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index rose 1.64% to 377 points to 23,335 points; the Hang Seng Technology Index rose 1.43%. Hong Kong stocks traded HK$107.1 billion in early trading.
Mengniu Dairy (02319) rose more than 7%, leading the blue chip increase. The recovery in milk prices is expected to drive improved profitability, and institutions are optimistic that the company will start a new cycle.
New Oriental-S (09901) rebounded more than 6%. The revenue growth rate for the first fiscal quarter exceeded the full-year guideline, and Komo said the pressure on profit margins was manageable.
Peger Biopharmaceutical-B (02565) rose as high as 30%. Expectations for medical insurance access to vipernatide are heating up, and the innovative drug pipeline continues to advance.
Shanghai Petrochemical (00338) rose 9.8% after its performance, turning a loss into a profit in the first three quarters, and the tight supply of refined oil products will continue.
Lingyi Intelligent Manufacturing (01688) rose more than 8%, and revenue and profit reached a record high in the third quarter. The actual controller plans to increase its H share holdings by 100 million yuan to 200 million yuan.
White Pigeon Online (02672) rose more than 13% to reach a new high. MaaS revenue for the third quarter was about 25.6 million yuan, an increase of about 29.33% over the previous quarter.
First Tractor shares (00038) rose 8.9%, and net profit for the third quarter in a single quarter increased 20% year-on-year.
Sinopec (00386) rose 4%, net profit to mother increased 30% year-on-year in the first three quarters, and price spreads for refined and chemical products improved.
Zhongji Xuchuang (03308) fell 1.5%, and net profit to mother increased 8.46% month-on-month in the third quarter, but profit growth lagged behind revenue.
Sany International (00631) fell 14%, net profit fell 2.6% year on year in the first three quarters, and rising raw material prices dragged down emerging businesses.
Anke Innovation (00668) fell more than 9% to a record low. Net profit returned to mother fell 27.04% year on year in the third quarter, and Amazon Prime Day mistimed revenue.