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What does AI pharmaceuticals still lack before a market explosion? | Focus
① From the discovery of targets to the identification of preclinical candidate compounds, current generative AI mainly focuses on the early stages of drug development, which can lead to significant acceleration; ② If AI in drug development is to further expand the realm of possibilities, it must explore more profitable real-world applications.
Newly listed stocks generally faced pressure, with Newman (02530.HK) and New Geo's RV (00805.HK) both "diving" over 30%. Bruker (00325.HK) retracted by 5%, while Herbs Generation Group Holdings Limited (02593.HK) once rose by 8%.
Several new stocks recorded a decline this morning (14th). Mainland nutritional products seller Newman (02530.HK) saw its share price drop to a low of 0.53 Hong Kong dollars on its third day of trading. It is currently reported at 0.53 Hong Kong dollars, down 7.02%. Compared to its listing price of 0.8 Hong Kong dollars, it has accumulated a decline of 33.75%. A total of 3.968 million shares were traded, involving an investment of 2.2019 million Hong Kong dollars. On the day after its listing, New Giao Motorhomes (00805.HK), which operates the RV business in Australia and New Zealand, reached a low of 0.78 Hong Kong dollars. It is currently reported at 0.87 Hong Kong dollars, down 11.22%. Compared to its listing price of 1.27 Hong Kong dollars, it is lower by 38.58%. A total of 0.93 million shares were traded, involving an investment of 0.8286 million Hong Kong dollars.
Hong Kong market update | The decline of the Hong Kong stock market narrowed in the afternoon, with most Biotechnology stocks trending down, WUXI XDC dropping over 12%; Semiconductors stocks rose against the trend, Semiconductor Manufacturing Internationa
Network Technology stocks fell, Baidu Group-SW dropped 2.32%, XIAOMI-W fell 2.24%; Apple Supplier stocks declined, Q TECH fell 5.35%, BYD Electronic dropped 4.73%; Photovoltaic Power stocks mostly declined, FLAT GLASS fell 7.01%, XINYI SOLAR dropped 2.55%;
Zephirin Adjusts Herbs Generation Group's Price Target to HK$3.50 From HK$5, Keeps at Hold
Hong Kong market quick look | Hong Kong stocks narrowed in losses in the afternoon, the Hang Seng Index fell nearly 1%; tech and Apple Supplier stocks declined, SUNNY OPTICAL dropped over 7%, Xiaomi fell nearly 4%; Weichai Power surged over 11%.
Network Technology stocks weakened, XIAOMI-W fell 3.95%, NTES-S rose 2.98%; Coal Industrial Concept stocks weakened, YANKUANG ENERGY fell 4.73%, KINETIC DEV fell 3.94%; Many Mobile Game stocks declined, INFINITIES TECH rose 10.00%, BOYAA fell 8.88%;
Hong Kong stock movement | Herbs Generation Group Holdings Limited (02593) dropped over 6% to reach a new low, down 36% compared to the IPO price. The company is a supplier of health and beauty products in Hong Kong.
Herbs Generation Group Holdings Limited (02593) fell over 6%, reaching a low of HKD 2.40, setting a new low since its listing. As of the time of writing, it has dropped 6.15%, trading at HKD 2.44, with a transaction volume of HKD 2.4642 million.