HK Stock Market Move | WASION HOLDINGS (03393) rises by over 6% again, with full-year profit exceeding market expectations. Entering the Hong Kong Stock Connect can accelerate the reflection of valuation.

WASION HOLDINGS (03393) rose by over 6%, reaching a 6.56% increase at the time of publication, trading at HK$28.9 with a turnover of HK$732.33 million. On the news front, WASION HOLDINGS had previously announced a profit outlook, expecting to achieve a net profit of approximately HK$1 billion to HK$1.06 billion by 2025, representing a year-on-year increase of about 42% to 50%. In addition, WASION HOLDINGS was included in the Hang Seng Composite Index on March 9th, making it eligible for inclusion in the Stock Connect. China Thai International released a research report stating that WASION HOLDINGS' profit outlook exceeded their forecast by 7.5% to 14%, and was also higher than the market consensus by 8.4% to 14.9%. In addition, the inflow of southbound funds can accelerate the reflection of the company's valuation. Considering the market characteristics of A-share premium, the institution does not rule out the possibility that some southbound funds may also give the company a higher valuation. The report also pointed out that in January of this year, the company announced plans to spin off Weiyuan Energy for listing on the Hong Kong Stock Exchange, which is expected to be completed within this year.