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Hong Kong Stocks Midday Review: Hang Seng Index Rises 1.21% in Morning Session as Aviation Stocks Rally Collectively

Stock News
Oct 15

Hong Kong stocks showed strong performance in the morning session, with the Hang Seng Index climbing 1.21%, gaining 308 points to reach 25,749 points. The Hang Seng Tech Index advanced 1.18%. Morning trading volume reached HK$158.6 billion.

Aviation stocks surged collectively as passenger traffic during the National Day holiday continued to grow despite high base comparisons, suggesting upward potential for airline profitability. China Eastern Airlines (00670) jumped 5.43%, Air China (00753) gained 4.06%, and China Southern Airlines (01055) rose 3.74%.

Cement stocks led the gains as domestic cement prices in multiple markets showed signs of decline, with institutions optimistic that price increases will drive recovery once implemented. China National Building Material (03323) soared 6.32%, Conch Cement (00914) climbed 4.13%, and Huaxin Cement (06655) advanced 3.78%.

LAOPU GOLD (06181) surged over 7% after Morgan Stanley highlighted the clear trend of brand value enhancement and reiterated its "Overweight" rating. China Rare Earth Magnesium (03788) rose over 5% as Rare Earth Gold completed pre-IPO fundraising and is set to list independently in Hong Kong.

Guoquan Food (02517) jumped over 9% intraday as restaurant industry sentiment improved, with institutions expecting Q4 peak season to deliver on store expansion expectations. POP MART (09992) gained another 3.6% after Apple CEO received an exclusive Labubu figure, positioning POP MART to become a world-class cultural IP brand.

Shanghai Jahwa (02145) climbed over 6% as domestic beauty brands showed strong self-operated performance in September, with industry expected to improve marginally in Q4 catalyzed by Double 11. Mixue Group (02097) rose over 6% again as Mixue Ice Cream & Tea beer topped trending searches, with institutions bullish on the company's brand matrix expansion.

SD GOLD (01787) fell over 5% despite profit guidance upgrade, with net profit in the first three quarters potentially doubling year-on-year. Institutions cautioned about potential short-term gold price corrections.

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