HK Stock Market Move | HELENS (09869) falls nearly 9% again, the company has been removed from the list of Hong Kong stock connect, with a total market value approaching 2 billion Hong Kong dollars.

HELENS (09869) fell nearly 20% yesterday, and fell another 9% in early trading today, with a decrease of 6.4% by the time of publication, closing at HK$1.61 with a trading volume of HK$175.908 million and a total market value of approximately HK$2 billion. On the news front, on February 21, Hang Seng Index Limited announced the quarterly review results, with HELENS being removed from the Hang Seng Composite Index. On March 10, the Shenzhen Stock Exchange announced that the list of securities under the Hong Kong Stock Connect will be adjusted and effective from March 10, 2025, with HELENS being removed from the list. HELEN's interim report for 2024 shows that in the first half of 2024, HELENS' operating income was HK$441 million, a decrease of 37.85% year-on-year; shareholders' net profit was HK$69.677 million, a decrease of 55.76% year-on-year. Excluding the expenses of the second listing and losses from pub optimization and adjustment, the adjusted net profit was HK$90.278 million, a decrease of 51.89% year-on-year. Zheshang previously pointed out that HELENS is a leading player in the niche market of small pubs, and if consumer demand recovers, the performance of its directly operated stores is expected to improve, and the expansion of franchise stores under the Hibeer partnership is expected to accelerate.