HK Stock Market Move | Goldwind Science & Technology (02208) rose more than 14% during trading. Nomura believes that potential investment returns from Blue Arrow Aerospace will support Goldwind's short-term profit performance.

Goldwind Science & Technology (02208) rose over 14% during trading hours, and by the time of publication, it had risen by 7.2% to HK$17.28, with a trading volume of HK$2.339 billion. On the news front, Blue Origin recently submitted its IPO prospectus to the Science and Technology Innovation Board. The prospectus shows that Jianghan Asset, a subsidiary of Goldwind Science & Technology, holds a 4.14% stake in Blue Origin, making it the sixth largest shareholder of the company. Daiwa believes that the potential investment returns of Goldwind will support its short-term profit performance. In addition, the proposed IPO of SpaceX may drive a significant revaluation, causing Daiwa to raise its H-share rating for Goldwind from "hold" to "outperform" and raise the target price from HK$13 to HK$17.