CHOW TAI FOOK (01929.HK)'s full-year net profit ascended 52.2% YoY to HKD9 billion, with the final dividend increased to HKD45 cents. Managing Director Kent Wong said performance in 1Q27 was better than expected and expressed confidence that the momentum will continue into 2Q27.

CHOW TAI FOOK opened 5.22% higher today at HKD11.7. Pre-market negotiated transactions amounted to 1.4134 million shares, involving HKD16.5368 million.
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KUAISHOU-W (01024.HK) announced that it repurchased 1.093 million shares of the company yesterday (11th) at prices ranging from HKD45.44 to HKD45.94 per share, involving HKD49.968 million.

Since the repurchase mandate was approved, the Group has cumulatively repurchased shares worth HKD46.5513 million, representing 1.0867% of its issued shares.
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The seafront House 2 at ONE STANLEY, a super luxury residential project in Stanley developed by K&K Property, was sold by tender at a transaction price of HKD268 million, with a saleable area price of approximately HKD56,636 per square foot. Both the transaction price and the price per square foot set new highs for the project this year.

The transacted House 2, named "Crete", has a saleable area of 4,732 square feet. It features four bedrooms (all en-suite), a study room with en-suite, three storage rooms, a family room, a utility room, a maid’s room, front and rear gardens, a rooftop and a swimming pool.
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KINGWORLD (01110.HK) announced that Morning Gold, a connected person of the Company, entered into the memoranda of understanding with Dongguan City Chinese Medicine Hospital in relation to the research and development of the products “Zizhu Leaf Cleansing Solution” and “Modified Gastrodia Brain-Health Formula”. The parties intend to collaborate on the clinical research, regulatory registration and commercialisation of the products.

Concurrently, Morning Gold also entered into an independent distribution memorandum of understanding with the Group, intending to appoint the Group as the sole and exclusive distributor of these products, covering Hong Kong, Mainland China, and cross-border e-commerce channels. Distribution will initially commence in Hong Kong and cross-border channels, and will expand to Mainland China after obtaining national drug registration approval.
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Clinical-stage biotechnology company HJ SCIENCE-B (06132.HK) announced details of its IPO, planning to globally offer 13.6 million H shares. The Hong Kong public offering will account for approximately 10% (1.36 million shares), while the international placing will account for approximately 90% (12.24 million shares).

The offer price is set at HKD81.8 per share, with a board lot size of 100 shares. The entry fee is approximately HKD8,262.49. The offer period runs from today (12th) to noon next Wednesday (17th). The company is expected to be listed on June 23. The sole sponsor is CITIC Securities.

The IPO introduced six cornerstone investors, including LBC HK, Sage Partners, and Taikang Life Insurance, which have collectively subscribed for shares equivalent to USD65 million.

Based on the offer price of HKD81.8 per share, the estimated net proceeds are approximately HKD1.019 billion.
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HUTCHMED (00013.HK) announced results from the Phase III part of the ESLIM-02 study of sovleplenib in patients with warm antibody autoimmune hemolytic anemia (wAIHA) in China were presented yesterday (11th) during the European Hematology Association (EHA) Congress in Stockholm, Sweden.

Supported by data from the ESLIM-02 study, a New Drug Application (NDA) for sovleplenib for the treatment of adult patients with wAIHA who have had an insufficient response to at least one previous glucocorticoid treatment has been accepted for review and granted priority review by the China National Medical Products Administration (NMPA) in April 2026. The NMPA granted Breakthrough Therapy Designation to sovleplenib for the treatment of wAIHA in March 2026. The ESLIM-02 presentation was selected for the official EHA Press Program.
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LC LOGISTICS (02490.HK) announced a plan to place 42.1536 million shares of the company at a placing price of HKD3.3 per share, representing a discount of approximately 17.09% to the previous closing price of HKD3.98 per share. The gross proceeds from the placing are approximately HKD139 million, while the net proceeds amount to nearly HKD138 million.
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XIAOMI-W (01810.HK) repurchased 7.8 million shares of the company on the Stock Exchange of Hong Kong today (11th), at prices ranging from HKD25.76 to HKD26 per share, involving HKD200 million.

Since the share repurchase mandate was approved on June 2, the Group has cumulatively repurchased 22.1 million shares, representing 0.09% of its issued share capital.
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ORIENTAL M G (00018.HK) issued a profit warning, expecting to record a consolidated profit of approximately HK$13-14 million for the year ended 31 March 2026, while the consolidated profit is approximately HK$52.434 million for the year ended 31 March 2025.

The Board considered that the expected decrease in the consolidated profit is mainly due to a decrease of the Group’s revenue from its media and money lending businesses resulting from the unfavorable macro-economic situation; a net fair value loss of approximately HK$9.374 million on investment properties held by the Group at the end of the Reporting Period; and a provision for loss allowance of approximately HK$3.52 million for expected credit losses on loans and interest receivables taking into account the settlement arrangements of certain loans in response to the decrease in collateral value.
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CATL (03750.HK) led a seed funding round of several hundred million RMB in Beta Fusion, marking CATL’s first investment in the nuclear fusion sector, STAR Market Daily reported.

Beta Fusion, established in 2025, focuses on the commercialization of controllable nuclear fusion, concentrating on the pulsed field-reversed configuration magneto-inertial fusion pathway, information showed.

The company plans to achieve 50-100 megawatts of grid-connected power generation within six to eight years.
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The eMPF Platform Company Limited (eMPF Company) expressed grave concern over crime syndicates suspected of inducing MPF scheme members to use forged medical certificates to illegally apply for early MPF withdrawal on the grounds of terminal illness or total incapacity. eMPF Company will fully collaborate with the Police in its enforcement actions and calls on MPF scheme members to comply with the law.

A spokesperson for the eMPF Company said today (11th) that the case was reported to the Police by the eMPF team earlier, after it has identified suspected forged medical certificates during regular vetting of early MPF withdrawal applications. eMPF team has strengthened the vetting process for all applications for early MPF withdrawal, particularly those submitted on the grounds of terminal illness or total incapacity, including verifying the authenticity of each medical certificate with relevant doctors to combat fraudulent activities.

The spokesperson added that if any doctors suspect that their identity has been impersonated to forge medical certificates for early MPF withdrawal claims, they should contact the eMPF team as soon as possible. MPF scheme members should not be instigated by criminals to use any illegal means to apply for early MPF withdrawal. According to the Crimes Ordinance, any act of forging or using false documents constitutes a criminal offence and, upon conviction, may result in imprisonment for up to 14 years.
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The HSI closed at 24,249.29, down 158 points or 0.65%, with total turnover at HKD284.135 billion. The HSTECH closed at 4,655, down 69 points or 1.46%, while the HSCEI closed at 8,217, down 101 points or 1.22%.

Local financials rebounded after JP Morgan and Goldman Sachs said the impact of new mainland cross-border investment rules would be limited. HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) leaped over 2%. AIA (01299.HK) soared nearly 5%, making it the best-performing blue chip of the day.

Taobao & Tmall and JD were summoned by the Beijing market regulator, suppressing techs. BABA-W (09988.HK) plunged 5.37%, the worst-performing blue chip; BIDU-SW (09888.HK) tumbled 3.08%; JD-SW (09618.HK) slid 2.94%; TENCENT (00700.HK) and MEITUAN-W (03690.HK) dropped over 1%; NTES-S (09999.HK) bucked the trend, rising 1.75%.

Chip stocks had a good run. SMIC (00981.HK) and HUA HONG GRACE (01347.HK) added over 1%; MONTAGE TECH (06809.HK) and GIGADEVICE (03986.HK) surged over 5%; XL2CSOPHYNIX (07709.HK) jumped up 7.79%.
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At close, HSI dropped 158 pts or 0.7% to 24,249. HSTI dropped 69 pts or 1.5% to 4,655. HSCEI fell 101 pts or 1.2% to 8,217. Market turnover reached $288.57 billion.

Active Heavyweights:
BABA (09988.HK) closed at $107.4, down 5.4%
HKEX (00388.HK) closed at $374, down 2.3%
XIAOMI (01810.HK) closed at $25.84, down 1.8%
TENCENT (00700.HK) closed at $457.2, down 1.8%

HSI & HSCEI Constituents on Move:
XPENG-W (09868.HK) closed at $56.2, down 5.6%
ENN ENERGY (02688.HK) closed at $49.08, down 5.1%
AIA (01299.HK) closed at $73.75, up 5%
J&T EXPRESS-W (01519.HK) closed at $8.36, down 4.9%
BEIGENE (06160.HK) closed at $155.4, down 4.7%
LONGFOR (00960.HK) closed at $8.55, up 4.3%
HENGAN INT'L (01044.HK) closed at $24.32, down 4.3%
BYD ELECTRONIC (00285.HK) closed at $24.5, down 4.1%
SUNNY OPTICAL (02382.HK) closed at $70.95, down 3.9%
HORIZONROBOT-W (09660.HK) closed at $4.59, down 3.2%
BIDU-SW (09888.HK) closed at $113.1, down 3.1%
CMOC (03993.HK) closed at $16.76, up 3%
POP MART (09992.HK) closed at $178.3, up 3%

HSMI & HSSI Constituents on Move:
MININGLAMP-W (02718.HK) closed at $202.2, up 19.9%
HIPINE (02583.HK) closed at $60, down 17.5%
SEYOND (02665.HK) closed at $3.43, down 17.1%
CAOCAO INC (02643.HK) closed at $34.82, up 16.7%
SYNAGISTICS (02562.HK) closed at $1.92, up 15.7%
HAIZHI TECH GP (02706.HK) closed at $63.95, down 13.8%
ONEROBOTICS (06600.HK) closed at $61.15, down 13.5%
51WORLD (06651.HK) closed at $114.2, down 11.1%
KB LAMINATES (01888.HK) closed at $67.2, up 10.8%, hitting new high
KINGBOARD HLDG (00148.HK) closed at $93.7, up 4.7%, hitting new high
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The Stock Exchange of Hong Kong launched the "HKEX Tech 100 Index" at the end of last year, and the first adjustment of constituent stocks will take effect after market close tomorrow (12th), including three stocks that meet the requirements under the fast entry mechanism, Gregory Yu, Managing Director and Head of Markets at HKEX (00388.HK), said. ETF products tracking the Tech 100 Index will be launched soon.

Speaking at the HKEX Future Tech Summit today (11th), he said he looks forward to developing more index-related products in the future, such as leveraged and inverse ETFs, callable bull/bear contracts, to provide the market with more flexible allocation options.
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OpenAI, which is advancing its IPO plans in the US, will see its CEO Sam Altman visit South Korea from 14 to 15 June to meet with parties of Samsung Electronics and Kakao, according to Yonhap News Agency.

This will mark Altman’s first visit to South Korea in eight months, the report said, citing industry sources. Altman will arrive in South Korea on 14 June and hold discussions on 15 June with senior executives and employees of Samsung Electronics’ Device eXperience (DX) Division, which oversees its set business. He is expected to deliver a speech and engage in exchanges with Samsung Electronics’ management and staff.

Altman will purportedly meet with Kakao representative Shina Chung to explore plans to strengthen bilateral cooperation. Discussions may focus on integrating Kakao’s messaging service Kakao Talk with OpenAI’s generative AI tool ChatGPT.
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MNSO (09896.HK) disclosed that the company repurchased 650,000 ordinary shares of the company on the New York Stock Exchange yesterday (10th), at prices ranging from USD3.2938 to USD3.32 per share, involving approximately USD2.1496 million.
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EAGLE NICE (02368.HK) announced its results for the year ended 31 March 2026. Revenue was HKD5.02 billion, up 4.4% YoY. Net profit was HKD174 million, down 20.1% YoY. Basic EPS was HKD30.2 cents. A final dividend of HKD2 cents was declared, compared with HKD4 cents in the same period last year.
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AKESO (09926.HK) announced that the board approved the utilization of up to HK$200 million to purchase the Company’s ordinary shares on the open market. The proposed share purchase will be conducted by the trustee of the Company’s 2021 restricted share unit scheme.

Furthermore, Xia Yu, the chairwoman, executive Director, president and chief executive officer of the Company; Li Baiyong, executive Director; Wang Zhongmin Maxwell, executive Director; Zhang Peng, executive Director; and Bing C. Wang, the chief financial officer of the Company intend to increase their shareholdings in the Company by acquiring Shares on the open market in an aggregate amount of up to HK$50 million, subject to compliance with the Listing Rules and other applicable laws and regulations.
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The HSI closed at 24,136 at midday, down 271 pts or 1.11%. Half-day turnover totaled HKD155.974 billion. The HSTECH closed at 4,630, down 94 pts or 2%, while the HSCEI closed at 8,205, down 113 pts or 1.36%.

Major dotcoms were broadly subdued after the Beijing Municipal Administration for Market Regulation summoned Taobao and JD requesting rectifications. The regulator stated that the "June 18 10B Subsidy" was not a genuine RMB10 billion offer. BABA-W (09988.HK) closed at HKD107.9 at midday, down 4.93%; JD-SW (09618.HK) dived 3.3% to HKD108.5; TENCENT (00700.HK) declined 1.5%; BIDU-SW (09888.HK) lost 3.77%; while NTES-S (09999.HK) bucked the trend to jump up 2.16%.

Among blue chips, J&T EXPRESS-W (01519.HK) was the worst performer, plunging 8.08% after being placed under investigation by the State Post Bureau over potential safety hazards. LONGFOR GROUP (00960.HK), whose TP was raised to HKD8.23 by Morgan Stanley, spiked 4.63% at midday, making it the best-performing blue chip. AIA (01299.HK) rebounded 2.42% against the market trend after Morgan Stanley expected its share price to increase in absolute terms over the next 30 days.
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