This week, the three major indices of Hong Kong stocks collectively adjusted due to the New Year's holiday, with the stock market closing for one and a half days. As of Friday's close,$Hang Seng Index (800000.HK)$it has dropped a cumulative 1.64%, closing at 19,760.27 points, falling below the 0.02 million point mark; during the same period,$Hang Seng TECH Index (800700.HK)$it has dropped a cumulative 2.98%, closing at 4,403.12 points.$Hang Seng China Enterprises Index (800100.HK)$During the same period, it fell by 2%, closing at 7159.28 points.

Gold prices welcomed a "strong start" in 2025, with Wall Street bullish up to 3000 dollars! $LAOPU GOLD (06181.HK)$ On Friday, it continued to hit new highs during intraday trading, rising over 320% since its listing, and skyrocketing 28% this week. Other Golden Industrial Concept stocks also performed remarkably. $CHINAGOLDINTL (02099.HK)$ This week, it accumulated a nearly 15% increase. $ZHAOJIN MINING (01818.HK)$ Increased by nearly 9%.

After the largest annual increase in Gold prices in 14 years, Gold has a very smooth start to 2025, in stark contrast to the unexpected poor performance of the Global Equity market at the beginning of 2025. On Thursday, Gold Futures prices rose over 1%, hovering around $2,660 per ounce.

Wall Street Analysts expect Gold prices to rise further in 2025, although the pace of increase may slow after a significant 27% rise last year. According to the average forecast from banks and refiners surveyed by the Financial Times in the United Kingdom, Gold prices are expected to climb to around $2,795 per ounce by the end of this year, approximately 7% higher than current levels. JPMorgan predicts in its report that this year Gold prices will rise to the epic milestone of $3,000 per ounce.

Goldman Sachs analysts also predict that due to the ongoing trend of major global central banks continuing to purchase Gold, prices are expected to reach $3,000 by the end of 2025. "Our surveys and Historical Data indicate that central banks in Emerging Markets purchase Gold to hedge against financial uncertainty and geopolitical shocks," wrote the analysts at Goldman Sachs.

The "millet economy" continues to boost, and Concept stocks continue to rise! $MNSO (09896.HK)$ This week, the cumulative increase is about 11%, reaching a new high since November 2023. $POP MART (09992.HK)$ Cumulative increase of over 9%.

The 'Millet Economy' is flourishing. MINISO, as a globally renowned IP design retail giant, has now formed deep partnerships with over 150 well-known IP images, engaging in popular fields such as animation, film, and games, cleverly integrating various hit IP elements into everyday consumer products. Recently, MINISO announced a collaboration with the popular game "Black Myth: Wukong," becoming its official authorized partner. This cooperation is themed "MINISO warmly welcomes the fated one," and both parties will explore new gameplay for IP collaboration.

Citi stated that POP MART is China's largest pop toy company, with strong IP incubation and monetization capabilities, as well as a growing global footprint and popularity. With its diverse IP characters and content-driven market strategy, the company seems ready to capture the emerging 'spiritual consumption' of young consumers. Recently, according to market news, the POP MART MEGA COLLECTION pop-up store has officially opened in Peking's Sanlitun Taikoo Li.

Recent IPOs. $HEALTHYWAY INC (02587.HK)$ Officially listed this Monday with an offer price of 7.8 HKD. So far this week, Healthy Road has cumulatively surged over 64%, with a market cap exceeding 10 billion HKD.

Health Road operates a digital health medical services platform in China. According to Frost & Sullivan data, based on the number of registered individual users on the platform as of December 31, 2023, the company is the fourth largest digital health medical services platform. Based on 2023 revenue, Health Road is the fifth largest digital health medical services platform, with a market share of less than 5%.

Stock-based incentives demonstrate development confidence, and institutions are bullish on the business development potential of HNB! $SMOORE INTL (06969.HK)$ This week it has accumulated a rise of over 25%, with the stock price reaching a new high in nearly three months.

Last Friday (December 27), SMOORE INTL announced a stock option plan and share award sale plan, intending to grant Mr. Chen Zhiping and 12 participants 61 million and 2.26 million stock options respectively, with a grant price of HKD 11.26 per share, and plans to award 1.416 million shares to 9 participants.

CICC believes that the company’s stock-based incentive market cap target setting is positive, and the mid-to-long-term assessment dimensions highlight the management's strategic determination and confidence in development. The assessment target settings for core personnel are reasonable and can effectively bind the interests of the core team, motivating employees and driving internal development. Moreover, Institutions have released research reports stating that the company has launched a stock-based incentive, with grant conditions linked to market cap assessments, and HNB's new business progress is positive.

On the other hand, the following stocks performed weakly this week:

编辑/jayden