Group 1 - Cryptocurrency concept stocks have declined, with notable drops including Boyaa Interactive down 5.51% to HKD 4.46, MStrategy down 3.74% to HKD 2.06, OSL Group down 3.65% to HKD 16.38, and OKLink down 2.4% to HKD 0.244 [1][1][1] - The cryptocurrency market has been severely impacted, with Bitcoin falling below the USD 100,000 mark and Ethereum dropping below USD 3,200, experiencing a 24-hour decline of over 7% [1][1][1] Group 2 - Analysts suggest that the recent sell-off was catalyzed by cautious remarks from several Federal Reserve officials, indicating that interest rate cuts should be approached with caution [1][1][1] - According to CME data, the probability of interest rate cuts has sharply decreased from over 70% a week ago to around 50% [1][1][1] - Federal Reserve officials, including Kashkari, Musalem, and Harmack, expressed concerns about inflation remaining above the 2% target, advocating for a cautious approach to further rate cuts [1][1][1]

Group 1 - Cryptocurrency concept stocks have risen significantly, with notable increases in share prices for several companies [1] - Huajian Medical (01931.HK) saw a rise of 13.59%, reaching HKD 7.69 [1] - Blueport Interactive (08267.HK) increased by 8.89%, trading at HKD 0.49 [1] - OK Blockchain (01499.HK) experienced an 8.7% rise, with shares priced at HKD 0.25 [1] - Yunfeng Financial (00376.HK) also rose by 8.7%, with a share price of HKD 4.25 [1] - Boya Interactive (00434.HK) increased by 4.13%, reaching HKD 5.04 [1]

Group 1 - Cryptocurrency concept stocks have risen significantly, with notable increases in shares such as Huajian Medical (up 13.59% to HKD 7.69), Blueport Interactive (up 8.89% to HKD 0.49), and OK Blockchain (up 8.7% to HKD 0.25) [1] - The cryptocurrency market experienced a substantial surge on November 10, with Bitcoin returning to the USD 106,000 mark, increasing over 4% within 24 hours, while Ethereum rose above USD 3,600, gaining over 6% in the same timeframe [1] - The U.S. Senate has reached an agreement to end the federal government shutdown, which has been ongoing for 40 days, as indicated by President Trump, suggesting a resolution is near [1]

Core Viewpoint - Boyaa Interactive (00434) experienced a significant stock price increase of over 5%, with a current price of 5.1 HKD and a trading volume of 249,900 HKD. The company anticipates a year-on-year profit increase of approximately 105% to 115% for the first nine months of 2025, primarily due to the growth in the fair value of digital assets compared to the same period in 2024 [1][1][1]. Financial Performance - The expected profit attributable to the company's owners for the first nine months of 2025 is projected to increase by about 105% to 115% year-on-year, driven by the rise in the fair value of digital assets [1]. - Excluding the impact of fair value changes in financial assets such as digital assets and equity investment partnerships, the profit is expected to decrease by approximately 30% to 35% year-on-year. This decline is attributed to reduced bank deposit interest income due to cryptocurrency purchases and an increase in expected income tax expenses [1][1]. Market Context - On November 10, the cryptocurrency market saw a significant surge, with Bitcoin surpassing 106,000 USD. This market movement may positively influence the performance of companies involved in digital assets [1]. - Additionally, U.S. Senate Majority Leader John Thune indicated that a potential agreement to end the government "shutdown" is gradually being reached, although he cautioned that this does not guarantee a resolution and that senators need time to review the proposal [1].

Core Viewpoint - Boyaa Interactive (0434.HK) has announced a positive earnings forecast, expecting a significant increase in profit for the first three quarters of the year, primarily driven by the growth in the fair value of digital assets [1] Financial Performance - The company anticipates a year-on-year increase in net profit of 105% to 115% for the nine months ending September [1] - Excluding non-operating one-time factors such as changes in the fair value of financial assets, the expected net profit is projected to decrease by approximately 30% to 35% [1] Factors Influencing Profit - The increase in profit is mainly attributed to the rise in the fair value of digital assets [1] - The decrease in net profit, when excluding one-time factors, is linked to the reduction in bank deposits due to cryptocurrency purchases, which has led to lower interest income and increased tax expenses [1]

Core Viewpoint - The cryptocurrency concept stocks in Hong Kong experienced a rebound on November 10, with notable increases in share prices for several companies [1] Group 1: Company Performance - Okex Cloud Chain (01499.HK) saw a rise of over 5% [1] - Yunfeng Financial (00376.HK) increased by more than 4% [1] - Other stocks such as Boya Interactive (00434.HK) and Huajian Medical (01931.HK) also followed the upward trend [1]

Group 1 - The stock of Boyaa Interactive (00434.HK) opened over 5% higher [1] - As of the report, the stock increased by 5.37%, reaching a price of 5.1 HKD [1] - The trading volume was 249,900 HKD [1]

Core Viewpoint - Boyaa Interactive (00434) shares opened over 5% higher, currently up 5.37% at HKD 5.1, with a trading volume of HKD 249,900 [1] Financial Performance - The company expects a year-on-year profit increase of approximately 105% to 115% for the first nine months of 2025, primarily due to an increase in the fair value of digital assets compared to the same period in 2024 [1] - Excluding the impact of fair value changes in financial assets such as digital assets and equity investment partnerships, the expected profit for the same period is projected to decrease by about 30% to 35%, attributed to reduced bank deposit interest income from cryptocurrency purchases and increased expected income tax expenses [1] Market Context - On November 10, the cryptocurrency market experienced a significant surge, with Bitcoin surpassing USD 106,000 [1] - U.S. Senate Majority Leader John Thune indicated that a potential agreement to end the government "shutdown" is gradually being reached, although he noted that this agreement is not guaranteed and will require time for senators to review the proposal [1]

Major Events - LeShuShi (02698) received a subscription rate of 1813.77 times for its public offering in Hong Kong, with an expected listing date of November 10 [1] - Zhongwei New Materials (02579) is in the process of an IPO from November 7 to November 12, with an expected listing on November 17 [1] - Baili Tianheng (02615) is also conducting an IPO from November 7 to November 12, with a listing expected on November 17 [1] - Haohai Biological Technology (06826) plans to acquire the remaining 20% stake in Shenzhen New Industry Ophthalmic Technology Co., Ltd. for 74 million yuan [1] - Weili Zhibo-B (09887) has been included in the MSCI Global Small Cap Index [1] - Heng Rui Medicine (01276) has received clinical trial approval notifications for HRS-2430 injection and SHR-4610 injection [1] Financial Data - Fuzhikang Group (02038) anticipates a year-on-year revenue growth of approximately 15% and significant improvement in financial performance [1] - Boya Interactive (00434) expects a year-on-year increase of approximately 105% to 115% in profit attributable to owners for the first nine months [1] - Longfor Group (00960) reported a total contract sales amount of 55.75 billion yuan for the first ten months [1] - Longyuan Power (00916) completed a total power generation of 62.1519 million megawatt-hours in the first ten months, representing a year-on-year decrease of 0.94% [1]

Core Insights - The company, Boyaa Interactive (00434), expects a year-on-year profit increase of approximately 105% to 115% for the nine months ending September 30, 2025, amounting to around HKD 234 million (after restatement) [1] - The profit growth is primarily attributed to an increase in the fair value of digital assets compared to the same period in 2024 [1] - Excluding the impact of fair value changes in financial assets such as digital assets and equity investment partnerships, the expected profit for the nine months ending September 30, 2025, is projected to decrease by approximately 30% to 35% year-on-year [1] - The decrease in profit is mainly due to reduced bank deposit interest income resulting from cryptocurrency purchases and an expected increase in income tax expenses [1]