恒指跌0.04%，恒生科技指数跌0.66%，家庭电器及用品、建筑、地产板块领涨，半导体、软件服务、 汽车板块领跌。个股方面，泡泡玛特涨8.46%，兆易创新涨4.69%，中国东方航空股份涨4.56%， MINIMAX-WP涨4.18%，中国中免涨4.06%，中国海外发展涨4.0%；药捷安康-B跌9.77%，新世界发展 跌10.57%；IFBH涨16.65%，沪上阿姨涨10.77%。 ...

Group 1 - Hong Kong's Hang Seng Index fell by 0.04%, down 11 points, closing at 26,552 points, while the Hang Seng Tech Index decreased by 0.66% with a trading volume of HKD 129.8 billion in the morning session [1] - Pop Mart (09992) surged over 8% as the company repurchased shares worth HKD 251 million [1] - Major airlines continued to rise, with strong expectations for industry growth; China Southern Airlines (01055) increased by 3.72%, China Eastern Airlines (00670) by 4.56%, and Air China (00753) by 2.5% [1] Group 2 - Weisheng Holdings (03393) rose nearly 9%, reaching new highs as the State Grid increased its investment scale, indicating a favorable phase for smart meter investments [2] - Health Road (02587) increased by over 4% after the controlling shareholder extended the lock-up period, and the company repurchased 327,000 shares recently [3] - Blucube (00325) rose against the trend by 3.95%, benefiting from the expansion of China's trendy toy industry and the enrichment of its IP system and product matrix [4] Group 3 - Hou Shang Ayi (02589) saw a rise of over 10% as its 25-year performance forecast exceeded expectations, with net profit expected to grow by up to 60% year-on-year [5] - Gigadevice (03986) increased by over 5%, reaching a new high as Micron reported worsening shortages of memory chips, indicating that supply tightness will persist beyond this year [6] - Damai Entertainment (01060) rose over 4% after announcing its entry into the museum sector, positioning itself to benefit from the upgrading of consumer structures [7] Group 4 - The commercial aerospace sector experienced declines, with Asia Pacific Satellite (01045) dropping by 6.9% and Goldwind Technology (02208) falling by over 3% [8] - Jiayuan Ankang-B (02617) fell over 9% as it proposed a placement to raise HKD 190 million, primarily for core product development [9]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 1月20日开盘，泡泡玛特大涨超10%，报价199港元。就在1月19日，泡泡玛特发布公告称将斥资2.51亿 港元回购140万股股份，每股回购价177.7-181.2港元。 大摩表示，泡泡玛特自2024年初以来首次回购股份，预计能够吸引更多投资者的关注，特别是那些等待 股价催化剂的投资者。 该行预计泡泡玛特2025年净利润达126亿元人民币，且在去年末有200亿元的净现金。 1月20日开盘，泡泡玛特大涨超10%，报价199港元。就在1月19日，泡泡玛特发布公告称将斥资2.51亿 港元回购140万股股份，每股回购价177.7-181.2港元。 大摩表示，泡泡玛特自2024年初以来首次回购股份，预计能够吸引更多投资者的关注，特别是那些等待 股价催化剂的投资者。 该行预计泡泡玛特2025年净利润达126亿元人民币，且在去年末有200亿元的净现金。 责任编辑：高佳 责任编辑：高佳 ...

To supplement our Pop Mart high-frequency tracker report (link), we launch this tracker dedicated to China sales tracking, covering ~70% China revenue from offline store data and online platform data. November results indicate a sharp deceleration in offline growth and productivity, raising questions about 2026 sustainability. 13 January 2026 China Consumer Pop Mart China Sales Tracker: Deceleration in offline growth and productivity; risks in 2026 Melinda Hu +852 2123 2643 melinda.hu@bernsteinsg.com Kai Zh ...

Core Viewpoint - Pop Mart has conducted its first share buyback in nearly two years, leading to a significant increase in its stock price and positively impacting the Hong Kong market for new consumer stocks [1] Group 1: Company Performance - Pop Mart's stock price rose over 8%, leading the market, while other companies like Hu Shang Ayi and Blok also saw increases of over 7% and 4% respectively [1] - The company repurchased 1.4 million shares at prices ranging from HKD 177.7 to HKD 181.2, totaling over HKD 250 million, marking its first buyback in nearly two years [2] - Morgan Stanley noted that the buyback is expected to attract more investors, particularly those looking for stock price catalysts, and highlighted Pop Mart's strong growth and clear driving factors [3] Group 2: Financial Outlook - Morgan Stanley projects that Pop Mart's net profit will reach RMB 12.6 billion by 2025, supported by a net cash position of RMB 20 billion at the end of last year, indicating ample financial resources for shareholder returns [3] - The collaboration with Honor to launch the "trendy toy phone" and the release of the Honor 500 Pro Molly 20th Anniversary Limited Edition at a price of RMB 4,499, with a promotional price of RMB 3,999, is expected to further enhance brand visibility and sales [2]

1月20日，港股新消费股走强，截至发稿，泡泡玛特盘中大涨超8%，中国中免H股涨近5%，布鲁可涨超5%，锅圈涨超3%，蜜雪集团涨超2%，古茗涨超 1%。 | < > | 泡泡玛特 | | | CO Q | | | --- | --- | --- | --- | --- | --- | | 09992 港股通 ▼ | | | | | | | 196.200 今开 190.200 最高 199.600 最低 190.200 | | | | | | | 852% 15 400 共于 | | | 1.26% 总手 1689万 金额 33.09亿 | | | | 总值 2632亿 市盈T™ 35.66 市净 | | | 16.92 | | 曲家 | | ADR报价 22.690 -6.39% | | | | (H/ADR)比价= 1.11 > | | | 分时 五日 日K | 周Ｋ | | 月Ｋ | 更多,◎ | | | 199/000 | | | 10.40% 卖 1 196.300 1.1万 | | | | | | | | 买1 196.200 | 4.7万 | | | | | | 分时成交 ▼ | | | | | ...

1月20日，港股泡泡玛特（HK09992）高开，盘初股价持续拉升，一度涨幅超10%，截至发稿，泡泡玛特涨8.52%。 摩根士丹利分析指出，此次回购预计能吸引更多投资者关注，特别是等待股价催化剂的机构资金。分析师认为，泡泡玛特目前增长态势强劲，长期发展逻辑 清晰，预计2025年净利润将达126亿元人民币。截至去年末，公司持有约200亿元净现金，财务资源充足，有望为股东创造更多价值。 昨日晚间，泡泡玛特在港交所公告显示，公司于1月19日斥资2.51亿港元回购140万股股份，每股回购价177.7~181.2港元。 此外，1月19日晚，荣耀Magic8 Pro Air及荣耀联名设计系列新品发布会举行，荣耀与泡泡玛特合作推出的"荣耀500 Pro MOLLY 20周年限定版"正式发布，售 价4499元，国补后到手价3999元，并将于1月25日上午10时08分正式开售。 （文章来源：每日经济新闻） ...

港股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 摩根士丹利表示，泡泡玛特自2024年初以来首次回购股份，预计能够吸引更多投资者的关注，特别是那些等待股价催化 剂的投资者。大摩指出，目前泡泡玛特增长强劲，驱动因素清晰，长期逻辑明确。预计泡泡玛特2025年净利润达126亿 元人民币，且在去年末有200亿元人民币的净现金，表明公司拥有充足的财务资源给股东带来更多回报。 | 代码 | 名称 | 涨跌幅√ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | | 09992 | 泡泡玛特 | 8.57% | 196.300 | 2633.45 Z | 4.58% | | 02589 | 沪上阿姨 | 7.74% | 96.050 | 101.05亿 | 12.21% | | 00325 | 布鲁可 | 4.83% | 71.650 | 178.08亿 | 7.02% | | 02517 | 锅園 | 3.97% | 4.190 | 110.21 Z | 17.04% | | 02097 | 蜜雪集团 | 2.80% | 440.600 | ...

大摩表示，泡泡玛特自2024年初以来首次回购股份，预计能够吸引更多投资者的关注，特别是那些等待 股价催化剂的投资者。 该行预计泡泡玛特2025年净利润达126亿元人民币，且在去年末有200亿元的净现金。 1月20日开盘，泡泡玛特大涨超10%，报价199港元。就在1月19日，泡泡玛特发布公告称将斥资2.51亿 港元回购140万股股份，每股回购价177.7-181.2港元。 ...

Group 1 - The core viewpoint of the news is that Pop Mart has conducted its first share buyback in nearly two years, leading to a significant increase in its stock price and positively impacting the Hong Kong market for new consumer stocks [1] - Pop Mart repurchased 1.4 million shares at a price range of HKD 177.7 to HKD 181.2, totaling over HKD 250 million, marking the company's first buyback in two years [1] - The collaboration between Pop Mart and Honor to launch the "Trendy Toy Phone" has been announced, with the limited edition Honor 500 Pro Molly priced at RMB 4,499, and a promotional price of RMB 3,999 [1] Group 2 - Morgan Stanley noted that Pop Mart's share buyback is expected to attract more investor attention, particularly from those looking for stock price catalysts [1] - The firm highlighted that Pop Mart is experiencing strong growth with clear driving factors and a solid long-term outlook, projecting a net profit of RMB 12.6 billion by 2025 [1] - As of the end of last year, Pop Mart had RMB 20 billion in net cash, indicating ample financial resources to provide returns to shareholders [1]