Top Hong Kong Large-Cap Stock Gainers in June 2023
Currency trading and payment company MOG Digitech (01942) climbed 68.24%, lifting shares 876.88% for the year. Shares in the fintech firm have jumped more than 180 times since its listing in April 2020 at a price of HK$ 0.5. The stock ended the month at its historical peak at HK$ 90.85.
Chinese electric vehicle maker XPeng Inc (09868) advanced 61.03% during the month, as the sales recovery bodes well for domestic brands. Shares of XPeng are up 30.38% year to date. The company’s stock ended the month with a 3-star rating, trading at around its fair value estimate of HK$ 46.5.
Zhejiang Leapmotor Technology (09863) rose 38.62% in June, leaving the stock up 53.31% year to date.
Sinotruk (Hong Kong) (03808) gained 37.36% in June. The stock is up 39.89% for the year.
Dali Foods Group (03799) rose 34.10% in June, flipping a loss to a gain of 1.29% year to date.
Top Hong Kong Large-Cap Stock Losers in June 2023
United Energy Group (00467) declined 27.62% in June, down 18.28% from the start of the year. Shares are 41.09% below their last high on May. 9 2023.
Hangzhou Tigermed Consulting (03347) slid 23.94%, dropping 38.58% from the start of the year. Shares are 61.17% below its last high Jan. 27, 2023.
BeiGene Ltd (06160), a Chinese biotech company specialized in cancer treatement, fell 19.37% in June. It has dropped 19.97% from the start of the year. Shares are 37.01% below their 52-week high of HK$ 170.50 on Jan. 16, 2023.
Innovent Biologics Inc (01801) fell 19.35%, and it is down 11.64% from the start of the year. Shares are 38.27% below their last high on Jan. 27, 2023. The company’s stock ended the moth with a 4-star rating, trading at a 38% discount to its fair value estimate of HK$ 47.5.
Online recruitment service Kanzhun Ltd (02076) fell 18.31%, leaving the stock down 23.36% for the year. Shares are 42.29% below its last high on Jan. 27, 2023.
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