HK Stock Market Move | MAO GEPING (01318) rose more than 8%, stock price hits new high, company expected to be included in Hang Seng Composite Index.

MAO GEPING (01318) rose more than 8%, reaching a high of 79 Hong Kong dollars, refreshing its record high. As of the publication of this article, it has risen 8.08% to 78.9 Hong Kong dollars, with a trading volume of 85.884 million Hong Kong dollars. On the news front, Hang Seng Index Company recently announced the latest quarterly review results, in which MAO GEPING was included in the Hang Seng Composite Index constituents. The adjustment will take effect from March 10, 2025. According to a CITIC SEC report, MAO GEPING may be included in the Hong Kong stock connect scheme, as it meets a series of criteria including market value, liquidity, and listing time. Minsheng Securities stated that MAO GEPING's inclusion in the Hang Seng index is expected to open up further valuation space by potentially being included in the stock connect program. A previous research report by Zhongjin pointed out that MAO GEPING has balanced development across all product categories with vast potential. Its makeup category is strong in foundation makeup and differentiates with light and shadow, with core products awaiting continuous volume growth; the methodology for creating major skincare products has gradually been established, with research and development continuing to strengthen. In the future, there is the potential for expansion from mask-based weekly skincare products to daily skincare products such as creams and essences, promising continuous opportunities in the skincare market; Perfumes and fragrances are also set to be launched, opening up new growth opportunities.