HK Stock Market Move | SAN MIGUEL HK (00236) drops more than 10%, expected net profit to decrease by 77.7% year-on-year in the first half of the year.

10:23 23/07/2026

Hong Kong San Miguel Brewery (00236) fell more than 10%, as of press time, down 10.43% to HK$1.03, with a turnover of HK$445,300.

SAN MIGUEL HK (00236) fell more than 10%, as of the time of reporting, down 10.43% to 1.03 Hong Kong dollars, with a turnover of 445,300 Hong Kong dollars. On the news front, SAN MIGUEL HK announced that it is expected to achieve a comprehensive net profit of about 11.4 million Hong Kong dollars for the six months ending June 30, 2026, compared to a net profit of 51.1 million Hong Kong dollars in the same period last year, a year-on-year decrease of 77.7%. The board of directors believes that this decline is mainly due to the adverse impact of the Iran conflict and the resulting geopolitical tensions in the region. These developments have had a negative impact on export sales and led to increased business costs in the six months ending June 30, 2026.

HK Stock Market Move | JIAXIN INTL RES(03858) rose more than 6%. Increase in production of the company led to an improvement in gross profit margin. Institutions believe that the current downside space for tungsten prices is limited.

HK Stock Market Move | Golden stocks continue to rebound in recent weeks. International gold prices have risen to a two-week high. Institutions point out that the bottom configuration of the sector has significantly increased cost-effectiveness.

HK Stock Market Move | Active performance of power equipment stocks, GEV's gas turbine orders hit a new high, and the overseas power shortage trend is expected to continue.