Core Insights - HYBE is selling all its shares in SM Entertainment to Tencent Music Entertainment Group for approximately 12.9 billion RMB [1] - The transaction will be executed through an off-market block trade after the market closes on May 30 [1] - Following this transaction, HYBE will completely withdraw its investment in SM Entertainment, and Tencent Music Entertainment Group will become the second-largest shareholder of SM Entertainment, following Kakao [1] Financial Details - The total transaction amount is around 243.3 billion Korean Won, equivalent to approximately 12.9 billion RMB [1] - This sale marks a significant shift in the ownership structure of SM Entertainment, enhancing Tencent's position in the company [1] Market Implications - The move indicates a strategic realignment in the Korean entertainment industry, with Tencent strengthening its foothold in SM Entertainment [1] - The transaction may influence future collaborations and competitive dynamics within the industry, particularly between Tencent and Kakao [1]

Group 1 - The Hang Seng Index rose by 1.29%, gaining 301 points to close at 23,634 points, while the Hang Seng Technology Index increased by 1.32% and the Hang Seng Biotechnology Index surged by 4.26% [1] - Ningde Times (03750) saw a significant increase of over 16% on its first day of trading on the Hong Kong Stock Exchange [1] - 3SBio (01530) experienced a dramatic rise of 35%, nearing its historical high, following an authorization agreement with Pfizer for a PD-1/VEGF dual antibody, with Pfizer making an upfront payment of $1.25 billion and potential milestone payments up to $4.8 billion [1] Group 2 - Yiming Anke-B (01541) rose over 10% after receiving a $5 million payment from Axion Bio, indicating a promising outlook in the self-immune field for IMM0306 [2] - Basilea Pharmaceuticals-B (02616) increased by over 18% after presenting five new research results at the 2025 AACR conference [2] - Rongchang Bio (09995) rose over 14% due to the addition of new indications for Vidi Xi monoclonal antibody, with Q1 performance slightly exceeding expectations [2] Group 3 - Xiaomi Group-W (01810) increased by nearly 4% ahead of the release of multiple new products, with its self-developed SoC "Xuanjie" expected to launch soon [5] - Alibaba Pictures (01060) surged over 17%, reporting an adjusted EBITDA profit of 809 million yuan for the year, a 61% year-on-year increase [6] - Alibaba Health (00241) fell over 4% post-earnings despite a more than 62% year-on-year increase in net profit, as it did not declare a final dividend [6]

最近几天，香港市场娱乐板块大爆发。今天，港股乐华娱乐午后持续拉升，盘中涨超 30%，最高价达到了2港元/股，与5月9日的开盘价相比，最近五个交易日，该股最大涨幅 达200%。 乐华娱乐被市场定义为"王一博概念股"，2022年港股上市时，445页的招股说明书出现王 一博的名字18次。此前，也有专业分析人士推测，王一博的持股数量最多不超过 382 万 股。但乐华娱乐的直接股东以及主要人员名单中，并未出现王一博的名字。但来自百度的资 料显示，王一博对公司营收的贡献占比高达60%，作为头部艺人股东，其个人商业价值可 能间接影响公司市值表现。 5天翻2倍 最近，乐华娱乐突然火了，股价在5个交易日之内翻了两倍，其表现甚至盖过了此前单日暴 涨的同行业公司优矩控股。 | | | | | 02306.HK(YH ENT) ESG Level2 | | | | 在APP中查看 | 加入自选 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2.000 | | | | | | 0.490 (32.450%) | | | ● 更新实时行情 | | | ...

"王一博"，因一只个股刷屏！ 最近几天，香港市场娱乐板块大爆发。今天，港股乐华娱乐午后持续拉升，盘中涨超30%，最高价达到了2港元/股， 与5月9日的开盘价相比，最近五个交易日，该股最大涨幅达200%。 今年1-2月，乐华娱乐持续回购公司股份。3月17日，乐华娱乐（02306）发布公告，预计截至2024年12月31日的财年 将实现股东应占净利润不少于500万元，而截至2023年12月31日则录得股东应占净亏损约1.41亿元。 可以说，该公司动作不断，但市场对于王一博与该公司续约一事才最为关心。今年3月20日，乐华娱乐一条没有"王 一博"名字的微博，直接让热搜炸了。据报道，2024年乐华娱乐总营收7.65亿，被誉为"顶流印钞机"的王一博贡献了 4.59亿，占比超过60%。从2019年开始，他的贡献比例年年暴涨，2019年16.8%，2022年56.8%，到2024年直接冲上 60%大关。 根据乐华娱乐的招股说明书，王一博和乐华娱乐的合约2026年10月到期。但业内猜测，王一博的演艺合约可能先期 到期，而商务合约延续至2026年。 乐华娱乐被市场定义为"王一博概念股"，2022年港股上市时，445页的招股说明书出 ...

Group 1 - The core viewpoint of the article is that the recent US-China tariff negotiations have resulted in a significant reduction of tariffs, which is seen as a positive development for the capital markets, but questions remain about the sustainability of this optimism for US stocks [1][8][27] - The new tariff structure includes a 30% tariff from the US on China, with an additional 24% delayed for 90 days, while China imposes a 10% tariff on the US and also delays 24% for 90 days [1][3][5] - The article highlights that despite the reduction in tariffs, the overall tariff rates remain relatively high, with the US imposing an average of around 50% tariffs on China, which could still impact economic growth [5][6][27] Group 2 - The article discusses the purpose of the tariffs, indicating that they are not aimed at reducing global trade barriers but rather serve as a means of generating revenue for the US government [9][23] - It is noted that the expected revenue from tariffs is minimal compared to the overall federal budget, suggesting that tariffs alone will not significantly address the US's fiscal challenges [9][11][18] - The article emphasizes that the success of manufacturing return to the US will depend on broader economic policies, including tax cuts and regulatory changes, rather than solely on tariff increases [11][15][17] Group 3 - The article suggests that the recent tariff negotiations may have alleviated some immediate trade tensions, but the US still faces significant challenges in revitalizing its manufacturing sector amid high debt levels [27][28] - It is indicated that the market may experience short-term positivity due to the resolution of trade tensions, but long-term investment strategies should consider diversification across markets and assets [27][36] - The article concludes with a focus on upcoming earnings reports from major companies, which will be critical in assessing market performance and investment opportunities [40]

市场继续关注贸易谈判最新进展。 上周国际市场风云变幻，贸易形势缓和前景提振投资者信心。美股全线走高，道指周涨3.00%，纳指周 涨3.42%，标普500指数周涨2.92%。欧洲三大股指表现不俗，英国富时100指数周涨2.15%，德国DAX 30指数周涨3.80%，法国CAC 40指数周涨3.11%。 本周看点颇多，外界继续密切聚焦贸易谈判进展。在关税的不确定性中，美联储或继续按兵不动，市场 将关注未来几个月降息的可能性。在欧洲，预计英国央行将降息，瑞典和挪威也将作出利率决定。欧美 经济体更新4月采购经理人指数PMI。财报季继续进行，AMD、迪士尼等披露业绩。 美联储或按兵不动 上周美国总统特朗普通过签署命令来缓和汽车关税的打击，软化其在贸易问题上的立场。美国政府还表 示，已非常接近与印度和韩国签署贸易协议。 美联储将于本周召开议息会议，尽管特朗普最近向美联储施压要求其降息，市场普遍预期联邦公开市场 委员会（FOMC）将按兵不动。目前，通货膨胀率仍然居高不下，美国就业市场仍然健康。 本次会议的焦点将集中在美联储对今年晚些时候是否可能因关税而降息以支撑经济的任何信号的附带评 论上。然而，美联储需要在支持经济的需要 ...