The last day of May, reviewing the star stocks of Hong Kong stocks this month
Today is the last day of May. Time flies so fast. The last big drop was still at the beginning of April.
For me, who was short, the entire May was a period of inactivity. The market was basically in a volatile state, and I happened to be busy with other things, so I didn’t spend much time watching the market. I reviewed it every night, and looking back, I didn’t miss any major movements.
The closing price of the Hang Seng Tech Index was 5,244 on May 2 and 5,170 on May 30, showing no significant change. However, there were still many standout performers among individual stocks (only considering those with a market cap above 5 billion).
I-Mab-B nearly doubled in the past month due to collaborations and sector momentum.
SF Holding nearly tripled from its low point, with earnings far exceeding expectations.
Shandong Hi-Speed Holdings nearly doubled in the past month. With a market cap of over 70 billion, it’s surprising I hadn’t noticed it before. Adding it to my watchlist.
De Kang Agriculture & Husbandry rose over 70% in the past month. With only one-third of its shares floating, it feels like a pump before unlocking.
ZhongAn Online surged mainly in the past week due to stablecoin benefits. ZhongAn Bank is Hong Kong’s first digital bank to provide reserve banking services for stablecoin issuers.
Boretech is a new listing this month, but I generally avoid newly listed stocks.
Pagoda has a market cap of only over 2 billion, but it’s a common brand in our daily lives. However, I don’t understand why it’s rising.
Tongguan Gold has been rising steadily since March without any pullback.
Kodi Sciences-B also benefited from sector momentum recently, with decent earnings and an oversold rebound.
Alibaba Pictures doubled in a week after earnings, driven by a strategic shift from a film company to offline entertainment, leading to a fundamental change and revaluation.
3SBio surged for several consecutive days due to collaboration benefits and sector momentum.
Andeli Juice would have been the star of Hong Kong stocks this month if not for the pullback in the latter half. There’s been analysis on it, so I won’t elaborate.
BioMap-B also surged sharply in the past half month. I hadn’t paid attention to it before—turns out it’s a company that sells mice. Interesting.
Joinn Laboratories also rose nearly 50% this month. Innovative drugs account for a large portion of this month’s standout stocks.
Smol International doubled since April 7. It’s in the e-cigarette sector, which is part of consumer stocks.
Ocumension Therapeutics-B is another innovative drug stock.
That’s it for today. I’ll continue tomorrow. So far, there haven’t been any tech, AI, or robotics stocks appearing. The sector hasn’t rotated yet, so don’t be too pessimistic. June might be the month for big gains.
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