Jin Rong Jie·2026-01-23 04:15Market Overview - The Hong Kong stock market showed a high opening followed by a pullback, with the Hang Seng Index up 0.32% at 26,715.73 points, the Hang Seng Tech Index up 0.12% at 5,769.23 points, and the China Enterprises Index up 0.33% at 9,144.17 points, while the Red Chip Index fell 0.48% to 4,203.47 points [1] Company News - Prudential (02378.HK) invested approximately $375 million to increase its stake in PAMB to 70%, focusing on traditional life insurance business in Malaysia [2] - Nanjing Panda Electronics (00553.HK) expects a net profit of 10 million to 15 million yuan for 2025, marking a turnaround from losses [3] - Delta Electronics (00179.HK) reported a revenue of $2.726 billion for the nine months ending December 31, 2025, a decrease of approximately $4 million compared to the same period last year [3] - AsiaInfo Technologies (01675.HK) anticipates revenue of approximately 6.2 billion to 6.35 billion yuan for 2025, with profits expected between 70 million to 110 million yuan [3] - Minmetals Resources (01208.HK) projects a total copper production of 506,900 tons in 2025, representing a 27% year-on-year increase [4] - Charoen Pokphand International (03839.HK) issued a profit warning, expecting a net profit of approximately $32 million for 2025 [5] - Fosun Pharma (02196.HK) plans to spin off its subsidiary Fosun Antengene for a listing on the Hong Kong Stock Exchange [6] - Hisense Home Appliances (00921.HK) and its subsidiaries subscribed to a trust financial product worth 2.035 billion yuan [7] - Xiaomi Group (01810.HK) repurchased 5.7138 million shares for approximately HKD 201 million at prices ranging from HKD 34.92 to HKD 35.24 [8] - Sunny Optical Technology (02382.HK) repurchased 1.25 million shares for approximately HKD 79.26 million at prices between HKD 62.45 and HKD 63.85 [9] - Kuaishou Technology (01024.HK) repurchased approximately 380,000 shares for about HKD 29.97 million at prices ranging from HKD 78.55 to HKD 79.15 [10] - Jiangsu Ninghu Expressway (00177.HK) saw its controlling shareholder increase holdings by 28.4 million H-shares between January 9 and 21, 2026 [11] - Kanglong Chemical (03759.HK) completed a placement of 58.4408 million shares, raising a net amount of HKD 1.319 billion [12] - Ying Tai Medical (01501.HK) completed a placement of 35.20 million shares, raising approximately HKD 884 million [12] Institutional Insights - Industrial Securities suggests that the Hong Kong stock market may continue to trend upwards, with domestic capital inflows expected to persist [13] - Guolian Minsheng expresses strong optimism regarding the revaluation of AI in China, supported by a solid industrial catalyst timeline [13] - JPMorgan forecasts that the upward trend in A-shares and Hong Kong stocks will continue until the Lunar New Year, with Hong Kong stocks expected to outperform A-shares [13][14]