Search
News
Huitongda Network (9878.HK): Supports Value Re-Rating and Grasp Market Opportunities upon Full Circulation of H Shares
In September 2025, the Hong Kong Stock Connect announced its latest adjustment. Whether it is inclusions or exclusions, it is important to note that the change usually only leads to short-term liquidity impact, and does not change a company’s fundamentals and underlying performance.For instance, although Huitongda Network's removal from the Hong Kong Stock Connect has attracted some attention, its stock price performance to date shows it is the best-performing among the 20 companies removed in this round, with solid fundamentals. The company’s profit attributable to shareholders reached RMB139 million in the first half of 2025, representing a year-on-year increase of 10.8%. Its gross profit margin also saw a significant improvement of 1.1 percentage points from 3.5% to 4.6%, demonstrating its strong profitability and growth potential. As of 30 June, the company also held over RMB7.8 billion in cash and wealth management products. Hence, market analysts believe that the exclusion was mainly due to short-term fluctuations in tradable market capitalization, and has no bearing on the company’s sound fundamentals.Full Circulation to Support a Breakthrough in Tradable Market Capitalization,Re-admission to the Hong Kong Stock ConnectThe main reason behind Huitongda’s exclusion from the Hong Kong Stock Connect was its tradable market capitalization not meeting the eligibility requirements. However, the company is proactively driving the full circulation of its H shares, which is expected to quickly boost its tradable market capitalization.According to its latest announcement, Huitongda plans to convert 350 million domestic shares into H shares. Upon completion, the proportion of H shares in circulation will increase sharply from 32.04% to 94.21%, significantly expanding the company’s negotiable market capitalization (which will be almost equal to its total market capitalization), and in turn, allowing the company to meet the Hong Kong Stock Connect inclusion requirement. The market expects that once the full circulation is completed, Huitongda could be re-admitted to the Hong Kong Stock Connect as early as 2026, attracting more passive index funds and active international investors in the process.In fact, full circulation is not exactly a rare sight. Since the China Securities Regulatory Commission (CSRC) launched the H-share full circulation pilot program in 2018 and fully implemented the reform in 2019, many positive and far-reaching changes have taken place at the policy level, which has provide significant incentives for market players as well as broader access for enterprises at different development stages from different industries, allowing qualified enterprises to participate in the capital market reform at the right time.Reviewing the companies that have completed or are in the process of implementing full circulation in the year, such as Poly Property, Shiyue Daotian, and Sunshine Insurance etc., their share prices experienced significant increases after full circulation, rising by 17% to 38%. The market’s positive response underscores how full circulation can help to unleash corporate value. Likewise, Huitongda is expected to benefit from this reform, leading to a more optimized capital structure, improved liquidity, and enhanced valuation visibility.The latest institutional research reports, including those from Zheshang Securities, also pointed out that Huitongda submitted an application to the China Securities Regulatory Commission in June for the full circulation of its 350 million domestic shares. Upon completion, the total number of H shares is expected to reach 530 million, which will significantly increase the company’s tradable market capitalization, supporting its re-admission to theHong Kong Stock Connect.Improving Fundamentals, AI + Supply Chain Strategy to Drive Dual-engine GrowthFrom a longer-term perspective, the benefits of full circulation and a more flexible capital structure can only be fully realized through robust fundamentals and profitability — an area in which Huitongda continues to focus on through strategic transformation.On the one hand, the company improved its profit quality by actively streamlining its business mix, reducing exposure to low-margin verticals such as agricultural means of production and vehicles and auto parts merchandise. On the other hand, Huitongda has deepened collaborations with top brands while accelerating its self-owned brand development, in order to refine its product mix and improve its value-added capabilities. In the first half of 2025, revenue from self-owned brands exceeded RMB80 million, representing a remarkable 490% increase year-on-year, with a gross profit margin of above 25%.More importantly, as artificial intelligence continues to redefine business operations across industries, Huitongda has positioned itself at the forefront of AI adoption.Not only has it established a "full-stack AI comprehensive cooperation" with Alibaba Cloud, with both parties deeply penetrating the lower-tier markets around "AI + industries," but it has also actively integrated leading large language models, launched its AI agent “AI Employee Xiaohui”, and deployed over 24 AI Agents across retail and supply chain management scenarios, greatly improving stores’ operational efficiency. For instance, its “Qiancheng AI Super Store Manager” APP can automate up to 60% of daily store operations, boosting retail store efficiency by more than 30%, and shortening inventory turnover by 15% to 20%.These AI-driven capabilities are gradually becoming a new growth engine for Huitongda. In the first half of 2025, AI-related revenue contributed over 20% of the company’s total service revenue.Overall, while full circulation opens access to a broader capital market, it is Huitongda’s solid earnings growth, clear business roadmap, and cutting-edge AI capabilities and deployment that put them in a good position to capture such an emerging opportunity.Conclusion: Full Circulation + Strong Fundamentals to Unlock Value Re-RatingThe full circulation of H shares has become an important catalyst for the structural reform of the Hong Kong stock market. The strong performance of companies post-full circulation, such as Poly Property, further demonstrates the positive impact of the reform on corporate valuation.For Huitongda, completing the full circulation will not only address its limitation on tradable market capitalization, accelerate its re-admission to the Hong Kong Stock Connect, and attract more high-quality investors, it will also bring positive synergies with its fundamentals, driving earnings growth, the expansion of its self-owned brands, and the commercialization of its AI technologies. Looking ahead, as the capital structure reform and business fundamentals continue to converge, Huitongda is well positioned for value re-rating, setting a good example for other Hong Kong-listed companies aiming to leverage policy benefits for sustainable, high-qualitygrowth.16/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, Oct 16
Hawksford Announces Multiple Acquisitions, Strengthening Its Position as Global Corporate Services Provider
JERSEY, Channel Islands - October 15, 2025 - (SeaPRwire) - Hawksford announced that it has rapidly expanded its global corporate services through several recent strategic acquisitions, enhancing its ability to support clients in almost any country globally with complex, multi-jurisdictional needs. This growth strengthens its expertise across markets, enabling businesses to pursue cross-border investment and international growth with confidence.Photo Courtesy of HawksfordHawksford, a global provider of corporate, private client and fund services, has significantly expanded its international presence over the past three years through six strategic acquisitions and the growth of its teams in key markets.Since 2022, Hawksford has strengthened its footprint and service offering with the acquisitions of Pearse Trust (Ireland), Griffon Solutions (Mauritius), ACT Management Services (Netherlands), Healy Consultants (Dubai and Singapore), Paradigm Governance Partners (Cayman Islands and the US), YT Group (Luxembourg), and United Group (Luxembourg and Malta), as well as Equiom’s businesses in Luxembourg and the Netherlands. These additions have reinforced Hawksford’s global network and broadened its expertise across corporate administration, company formation, accounting, and tax services.The acquisition of Healy Consultants in 2023 was a pivotal milestone, positioning Hawksford as a leading provider of global entity setup services. More recent deals – including the acquisitions of Paradigm Governance Partners, United Group, YT Group, and Equiom’s Netherlands and Luxembourg businesses – have expanded Hawksford’s ability to deliver sophisticated multi-disciplinary solutions.Chief Commercial Officer Gavin Wilkins believes this evolutionary stage has accelerated Hawksford’s strategic objective to ensure it offers a truly global solution that responds to evolving client needs.“Our acquisitions are part of a deliberate strategy designed to give clients access to exceptional expertise and support, no matter where they operate. This has undoubtedly paid dividends, reflected in our strong growth, with businesses spanning manufacturing and technology to retail and financial services, all trusting us as a partner that can navigate multi-jurisdictional regulations while helping them scale globally,” he says.Alongside acquisitions, Hawksford has expanded its business development teams in Ireland, Dubai, China, and London to meet rising demand from SMEs and high-growth companies seeking market entry, compliance, and cross-border expansion support.Nik Zhukov, Managing Director of Global Solutions, summarised: "As cross-border investment and trade become increasingly complex, shaped by shifting tax frameworks and tariffs to regulation and consumer behaviours, our client-focused solutions aim to remove those burdens enabling corporate clients to concentrate on their core business and investment priorities."Hawksford has more than 60 years of experience providing corporate, private client, and fund services to entrepreneurs, multinational corporations, and private clients. For more information, visit www.hawksford.comAbout HawksfordHawksford is a global provider of corporate, private client, and fund services, trusted by more than 4,000 clients across 115 countries. With over 20 offices worldwide, Hawksford delivers tailored solutions for international expansion, regulatory compliance, and cross-border administration.The firm specializes in company setup, accounting and tax services, governance, and fund administration, supporting businesses, entrepreneurs, and private clients in navigating complex jurisdictions. Hawksford has built a reputation for combining global reach with local expertise, helping clients scale confidently in established and emerging markets.Media ContactCompany: HawksfordContact: Chris Hansen, Group Marketing ManagerEmail: chris.hansen@hawksford.comWebsite: https://www.hawksford.com/Address: 15 Esplanade, St. Helier, Jersey JE1 1RB, Channel Islands16/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, Oct 16
HK Movers | Zijin Mining International Jumps 6% After Inclusion in Southbound Stock Connect
Zijin Gold International surged 4.9% in Hong Kong as the company was included in the Stock Connect list of eligible securities.The Shenzhen Stock Exchange announced adjustments to the Stock Connect eligible securities list following changes to the constituents of the Hang Seng Composite LargeCap In...Tiger News
Thu, Oct 16
HK Movers | Sanhua Sink 6% After Denying Reports of Large Robot Orders from Tesla
Sanhua shares sank 5.7% in Hong Kong.Sanhua announced that it has recently noticed numerous rumors on online media about the group securing large robot orders. After verification, the rumors about Sanhua Intelligent Controls obtaining large robot orders are untrue.Media outlets across China have rec...Tiger News
Thu, Oct 16
24H｜Rare Earth Stocks Gain, Critical Metals up 7%, NioCorp up 3%, MP Materials up 2%; HPE Drops 9%; Salesforce, United Airlines down 3%
Rare earth stocks rose in overnight trading.Critical Metals rose 7%; United States Antimony, NioCorp rose 3%; MP Materials, The Metals Company rose 2%; USA Rare Earth rose 1%.Shares of Hewlett Packard Enterprise were down about 9% in overnight trading after the company forecast annual profit and re...Tiger News
Thu, Oct 16
Post-Bell | S&P 500 Ends Higher. Intel Jumps 4%; Morgan Stanley up 5%; AMD Soars 9%; Hims & Hers Surges 16%; NuScale Power up 17%; Navitas Soars 21%
The S&P 500 ended higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors remained focused on the recent increase in China-U.S. trade tensions.Market SnapshotThe S&P 500 climbed 0.40% to end the session at 6,671.06 points. The Nasdaq gaine...Tiger News
Wed, Oct 15
Top Calls on Wall Street: Nvidia, JPMorgan, Wells Fargo, BlackRock, Reddit, Teledyne & More
Here Are 10 Top Analyst Forecasts For Wednesday:Oppenheimer raised Crane NXT, Co. price target from $70 to $80. Oppenheimer analyst Ian Zaffino maintained an Outperform rating. Crane NXT shares closed at $66.91 on Tuesday. See how other analysts view this stock.JP Morgan raised the price target for ...Tiger News
Wed, Oct 15
BofA Smashes Expectations with 43% Surge in Investment Banking Revenue; Shares Jump Pre-Market
TradingKey - Pre-market Wednesday, Bank of America (BofA) announced its third-quarter results, posting a 10% revenue increase that exceeded expectations, while investment banking income soared 43% year-on-year, surpassing market forecasts.
TradingKey
Wed, Oct 15
CoreWeave and Poolside Announce Partnership for a Data Center Built
An Nvidia-backed AI startup is planning to build a massive data-center complex with CoreWeave that is capable of generating its own power on a site that is two-thirds the size of Central Park.Poolside is joining with the cloud-infrastructure provider on a plan to build a data center on more than 500...Tiger News
Wed, Oct 15
Is It Spring for Wall Street Banks? Morgan Stanley Delivers a Stunning Quarter
TradingKey - On Tuesday (local time), Morgan Stanley (MS.US) released its third-quarter earnings, beating market expectations across all major financial metrics. As of this report, the stock was up 4.5% in extended trading.
TradingKey
Wed, Oct 15
Pre-Bell｜Wall Street Futures Rise on Boost from Chip Stocks
U.S. stock index futures rose on Wednesday as chipmakers rallied after ASML's quarterly results, while investors parsed fresh big bank earnings following strong reports from lenders that helped lift markets in the prior session.Market SnapshotAt 8: 10 a.m. ET, Dow e-minis were up 249 points, or 0.54...Tiger News
Wed, Oct 15
BlackRock, Nvidia, xAI, and Microsoft Lead $40bn Takeover of Aligned Data Centers
An investment consortium including BlackRock, Nvidia, xAI, and Microsoft has agreed to acquire Texas-based Aligned Data Centers from Macquarie Asset Management for $40 billion, marking the first deal under their year-old AI Infrastructure Partnership. The group, which also includes Global Infrastruc...Tiger News
Wed, Oct 15
Luxury Goods Revival: LVMH Reports First Sales Increase This Year, Shares Surge 13%
TradingKey - On Wednesday, French luxury conglomerate LVMH announced its first sales growth of the year, signaling its intention to consolidate its leadership in the luxury sector. This news sent its stock price soaring by 13%.TradingKey
Wed, Oct 15
PNC Financial Stock Dips After Q3 NII, Q4 Guidance Disappoint
PNC Financial Services stock slid 2% in Wednesday premarket trading after the bank issued soft guidance for Q4 net interest income after Q3 NII fell slightly short of the consensus estimate. Q3 EPS and revenue, though, both beat Wall Street expectations.The bank expects Q4 net interest income growth...Tiger News
Wed, Oct 15
Featured Tools
Top News
Meta Connect 2026 New Product Roundup: Muse Integrated Into AI Glasses, Can It Drive Meta Revenue Growth?
Qualcomm Extends Long-Term Patent Agreement With Apple, Securing QTL Revenue in Era of In-House iPhone Modems
Oracle Tumbles 7% as Project Jupiter Data Center Force Majeure Notice Sparks Delay Concerns
Meta Stock Forecast: Muse Monetization Path Is Key as JPMorgan Raises Price Target to $920; Can Stock Hit Record High?
US Stocks Mixed as Dow Drops 160 Points; Tech Stocks Lead, Meta Rises 4.5%
Market Movers
Meta Platforms Inc Stock (META) Moved Down by 3.14% on Sep 25: Facts Behind the Movement
18 minutes ago
META
--
Palo Alto Networks Inc Stock (PANW) Moved Down by 3.95% on Sep 25: Key Drivers Unveiled
18 minutes ago
PANW
--
Mizuho Financial Group Inc Stock (MFG) Moved Up by 4.64% on Sep 25: Facts Behind the Movement
18 minutes ago
MFG
--