On Monday, the Hong Kong stock market saw a mixed performance with the Hang Seng Index (HSI) rising by 0.77%. However, the Hang Seng Tech Index (HSTECH) fell by 0.14%.
Mainland property stocks performed well, with Country Garden rising 5.77%, China Overseas Grand Oceans Group up 3.96%, CIFI Holdings up 5.56%, and Agile Group up 3.23%.
Xiaomi saw a significant increase of 3.62%, while JD rose by 2.05%. On the other hand, Li Auto fell by 7.16% after the company announced its Q1 2025 revenue outlook, which was below estimates. The company expects total revenues to be between RMB 23.4 billion and RMB 24.7 billion, representing a year-over-year decrease of 8.7% to 3.5%. In Q4, total revenues increased by 6.1% to RMB 44.3 billion, while adjusted earnings per share decreased from RMB 11.46 to RMB 10.04.
Pop Mart's stock price jumped 6.66% to HK$ 130.1, reaching an all-time high. The company is expected to double its Q1 sales, with a significant boost from the newly launched Barbie series authorized by Mattel. For the 2025 fiscal year, Pop Mart's sales are projected to grow by 47%, with a 27% increase in the Chinese market and a 77% increase in overseas markets.
Restaurant stocks also experienced a surge, with Xiabuxiabu jumping 9%, Haidilao increasing over 4%, and Helens and Jiumaojiu rising by 3%.
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