TENCENT(HK:00700) Zhi Tong Cai Jing·2025-08-13 09:12Market Overview - The U.S. CPI data has strengthened expectations for interest rate cuts, leading to a significant rise in Hong Kong's stock indices, with the Hang Seng Index breaking the 25,000 mark, closing up 2.58% at 25,613.67 points [1] - Southbound capital has seen a net inflow of over 900 billion HKD since the beginning of the year, indicating increased retail investor participation [1] - The upcoming mid-year earnings disclosures and company outlooks are critical for the continuation of the Hong Kong stock market rally [1] Blue-Chip Stocks Performance - Tencent Holdings (00700) reached a four-year high before its earnings report, closing up 4.74% at 586 HKD, contributing 98.74 points to the Hang Seng Index [2] - Tencent's Q2 revenue was 184.5 billion CNY, a 15% year-on-year increase, with a net profit of 55.63 billion CNY, up 17% [2] - Other notable blue-chip performances include CSPC Pharmaceutical (01093) up 6.77%, WH Group (00288) up 6.23%, while Galaxy Entertainment (00027) and Xinyi Solar (00968) saw declines [2] Sector Highlights - Large technology stocks showed strong performance, with Alibaba rising over 6% and Tencent gaining nearly 5% [3] - The healthcare sector was robust, with stocks like Zhonghui Biopharma (02627) surging 19.45% following the announcement of the national medical insurance drug list [3][4] - The metals sector was active due to rising expectations for U.S. interest rate cuts, with companies like Jiangxi Copper (00358) and Luoyang Molybdenum (03993) seeing significant gains [6] Earnings Reports - Several companies reported strong mid-year earnings, with Reading Group (00772) up 19.62%, Tencent Music (01698) up 15.63%, and Minmetals Resources (01208) up 10.43% [5] - Tencent Music's Q2 revenue grew 17.9% to 8.44 billion CNY, with a net profit increase of 33% [5] - Reading Group's revenue reached 3.19 billion CNY, with a net profit growth of 68.5% [5] Notable Stock Movements - New Fire Technology Holdings (01611) surged 30% amid news of U.S. regulatory changes allowing alternative assets in retirement accounts [8] - Beihai Kangcheng-B (01228) rose 25.75% after announcing a share issuance to Baiyang Pharmaceutical [9] - Evergrande Property (06666) increased by 6.25% following news of its parent company's delisting decision [10] - 361 Degrees (01361) fell 9.29% after reporting lower-than-expected profit growth [11]