Hong Kong Stock Afternoon Review | Hang Seng Index rose 0.17% in early trading, Orient Overseas International led the blue chip increase

The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index rose 0.17% to 42 points to 24,253 points, and the Hang Seng Technology Index fell 0.55%. Hong Kong stocks traded HK$86.1 billion in early trading.

Dongfang Overseas International (00316) rose 3.99%, leading the blue chip increase. Orient Overseas's route revenue increased 45.1% year-on-year in the third quarter.

The Ningde Era (03750) rose 2.46%, and the market underestimated the company's resilience across cycles. According to CITIC's latest research report, the Ningde Era is expected to become the most important individual stock included in the Hang Seng Technology Index.

The total amount of dividends to be paid by 21 banks exceeds 260 billion yuan, and dividend stocks continue to rise. The stock prices of ICBC (01398) and Bank of China (03988) both hit record highs in the intraday period.

Guangdong-Hong Kong Bay Intelligent Computing (01396) increased by more than 7%, with manual computing power orders exceeding 37 billion dollars and strong fulfillment capacity. Institutions are optimistic that the target price will reach HK$36.

Tudatong (02665) rose more than 21%, and shipments of Q3 lidar products increased by about 217% year on year. Shipments in the first three quarters doubled over the whole of last year.

Haiqing Zhiyuan (01392) rose more than 18%. China's multispectral AI market grew rapidly, and the company ranked first in the industry.

My Little Pony Zhixing-W (02026) rose more than 6% and is promoting the introduction of its seventh-generation Robotaxi to London, England.

Yunji (02670) increased by more than 7%, and the number of AI voice calls during the Mid-Autumn Festival and National Day holidays increased 110% year over year.

Weisheng Holdings (03393) rose more than 4%, and the Middle East region received smart grid orders, with a total contract value of about RMB 1.25 billion.

Cambridge Technology (06166) fell by more than 8%. The company recently announced that it will raise more than HK$6.5 billion to increase optical module production capacity.

Old Shop Gold (06181) fell 6%. The company initiated the first iterative price reduction, and Citi lowered its target price and profit forecast.

Lithium stocks fell in early trading, lithium carbonate futures fell below the 110,000 mark, and supply-side production resumed and expanded production suppressed lithium prices. Ganfeng Lithium (01772) fell 6.26%; Tianqi Lithium (09696) fell 4.52%.