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Hong Kong Stock Afternoon Review | The Hong Kong stocks continue to rise! The Hang Seng Index surpasses the 22,000-point mark; Network Technology stocks and Medical stocks perform brilliantly, with Baidu up over 7% and ALI HEALTH rising more than 8%.
Network Technology stocks rose broadly, KUAISHOU-W increased by 7.49%, and Baidu Group-SW rose by 7.37%; Digital Health stocks all increased, ALI HEALTH rose by 8.18%, and JD HEALTH rose by 2.27%; Sporting Goods stocks all rose, LI NING increased by 3.91%, and ANTA SPORTS rose by 3.34%.
Guosen: Changes in competitive trends of sports brands for 2024 and outlook for 2025.
Against the backdrop of a continued increase in domestic residents' participation in sports, the advantages of functional product growth are expected to continue, with brands that have product word-of-mouth effects and Technology upgrades benefiting from growth dividends.
361 DEGREES (01361.HK): The children's clothing and e-commerce sectors are accelerating in Q4 2024. Bullish on the improvement of e-commerce profitability.
All categories have achieved good revenue growth, with children's clothing and e-commerce accelerating quarter-on-quarter. In Q4 2024, the main brand's offline revenue grew by 10% year-on-year (Q3 2024: growth of 10%, Q4 2023: growth of over 20%), and children's clothing offline revenue grew by 10-15% year-on-year.
361 Degrees International Announces Upcoming Board Meeting
361 DEGREES: NOTICE OF BOARD MEETING
Market overview: The three major Indices opened high but fell lower, with the Tech Index closing down over 1%. The performance of the domestic Silver and Insurance Sectors was impressive, as China Everbright Bank rose over 4% against the market trend, and
Network Technology stocks fell, with XIAOMI-W down 2.27% and Bilibili-W down 1.47%; many Apple Supplier stocks declined, with FIH down 4.82% and BYD Electronics down 3.23%; Lithium Battery stocks generally fell, with Zhongxin Innovation down 3.78% and CHAOWEI POWER down 3.42%.