HK Stock Market Move | BRETON (01333) rose more than 5% in the morning and broke through the top again. The company signed a zero-carbon smart mining cooperation agreement with Huawei.

BRETON (01333) rose more than 5% in the morning, hitting a high of 47 Hong Kong dollars during the session, setting a new record high. As of the time of writing, it was up 5.45% at 45.64 Hong Kong dollars, with a trading volume of 7.8137 million Hong Kong dollars. On the news front, according to a message from Huawei Digital Energy, on August 18, BRETON and Huawei Digital Energy Technology Co., Ltd. officially signed a cooperation agreement in Shenzhen. According to the agreement, the two parties will focus on zero-carbon smart mines, new energy mine truck supercharging, and other areas to further deepen their cooperation. According to Zhishi Consulting data, by 2024, BRETON ranked third and seventh among all new energy heavy-duty dump truck and loader manufacturers in China, with market shares of 18.3% and 3.8% respectively, making it the only pure new energy engineering machinery manufacturer among the top manufacturers in these two categories of new energy engineering machinery. It is worth noting that the Hang Seng Index Company will release the results of the first half of the year review on August 22, with any related changes taking effect on September 8. Changjiang released a research report stating that historical data shows that companies potentially entering the Hong Kong Stock Connect have a higher probability of rising before entering, especially companies related to industries such as power equipment, defense military industry, agriculture, forestry, animal husbandry, fishery, and retail trade. After entering the Hong Kong Stock Connect, with the increase in the number of shares held through the program, there is still a certain probability that the stock price of the company will continue to rise. The bank believes that several companies including BRETON are likely to be included in the Hong Kong Stock Connect.