The Hang Seng Index opened up 105 points, China Shenhua's 100 billion acquisition rose over 1%, 4 new stocks debuted, and 3 significantly dipped｜Hong Kong stock market opens
The Hang Seng Index opened 105 points higher this morning, reporting at 25,795 points. China Shenhua announced an asset restructuring plan to acquire the assets of its controlling shareholder, China Energy Group, and its subsidiaries, with a total consideration of approximately 133.6 billion yuan. Four new stocks debuted today, with three experiencing significant declines. Huazhang Biotechnology was oversubscribed 790 times, opening at 33.8 yuan, down 11.5%. Impression Da Hong Pao was oversubscribed 3,396 times, opening at 3.26 yuan, down over 9%. Ming Kee Hospital was oversubscribed 5 times, opening at 6 yuan
As Christmas approaches, the Hong Kong stock market will only have 2.5 trading days this week, with a half-day session on Wednesday, Christmas Eve, and a full market closure on Thursday and Friday. Analysts predict that the Hong Kong stock market will be quiet this week, with the Hang Seng Index fluctuating between 25,500 and 26,500 points, but "travel stocks" may see some speculative trading. On the other hand, the new stock market is quite lively, with four new stocks debuting today, and six new stocks set to be listed tomorrow (23rd). The U.S. stock market will also have a half-day session on Wednesday and be closed on Thursday; mainland markets will operate as usual. According to our report, over the past three years during Christmas week, the Hang Seng Index recorded two increases and one decrease, with gains of 0.01% and 1.9% in 2022 and 2024 respectively, while it fell by 2.7% in 2023.
This morning, the Hang Seng Index opened 105 points higher at 25,795 points. Tech stocks generally rose, with Alibaba (9988) up 0.48%; Tencent (700) up 0.98%; Meituan (3690) up 1.46%; JD.com (9618) up 0.09%; however, Xiaomi (1810) fell 0.4%.
China Shenhua Acquires Parent Company Assets Involving 133.6 Billion
In individual stock news, China Shenhua (1088) announced an asset restructuring plan, intending to acquire 12 target companies under its controlling shareholder, China Energy Group, and its subsidiary, Western Energy, through the issuance of A-shares and cash payment, with a total transaction value of nearly 133.6 billion yuan. 30% will be paid through the issuance of consideration shares, and the remaining 70% will be settled in cash. At the same time, the listed company plans to issue A-shares to no more than 35 specific investors to raise no more than 20 billion yuan. The stock opened at 40.28 yuan, up 1.5%.
Huazhang Biotechnology Oversubscribed 790 Times
In the new stock market, four new stocks debuted today, with three significantly "diving." Among them, Huazhang Biotechnology (2396) recorded approximately 790 times oversubscription in its public offering, with a 2.5% chance of winning a lot, and the international offering was oversubscribed 5 times. The stock opened at 33.8 yuan, down 11.5%.
Impression Da Hong Pao Oversubscribed 3396 Times
Impression Da Hong Pao (2695) recorded approximately 3,396 times oversubscription in its public offering, with a 0.8% chance of winning a lot, and the international offering recorded 0.91 times oversubscription, opening at 3.26 yuan, down over 9%.
Additionally, Ming Kee Hospital (2581) recorded over 5 times oversubscription in its public offering, with a 50.01% chance of winning a lot, and the international offering recorded 0.28 times oversubscription, opening at 6.5 yuan, down 30%. Xidi Zhijia (3881) recorded 21.5 times oversubscription in its public offering, with a 50% chance of winning a lot, and the international offering was oversubscribed 1.1 times, opening at 227 yuan, unchanged.
Wu Lixian Expects Hang Seng Index to Fluctuate Between 25500 and 26500
Wu Lixian, a strategist at Everbright Securities International, stated that due to the rise in the Hong Kong ADR index last Friday, it is expected that the Hong Kong stock market will rise moderately today. However, the overall situation this week will continue the quiet trend of last week, with low trading volume and volatility, and the Hang Seng Index is expected to fluctuate between 25,500 and 26,500 points. At the same time, travel stocks may see speculation, especially Chinese airline stocks, which are expected to benefit from increased order volumes due to the New Year holiday, falling oil prices, and a strengthening yuanHe also mentioned that the United States will release its third-quarter Gross Domestic Product (GDP) on Tuesday, which is of great interest to investors to understand the economic situation in the United States
