HWORLD-S

H World Group (1179.HK) opened lower and trended downward throughout the session, closing 3.1% lower at HK$32.32, underperforming the broader market. The decline was primarily driven by a first-quarter net profit decrease of 8.6% YoY to RMB817 million. The stock has fallen 13.3% year-to-date and is now 27% off its 52-week high of HK$44.26, trading below both its 20-day (HK$33.47) and 60-day (HK$36.42) moving averages, indicating technical weakness. During intraday trading, the stock briefly rallied to an intraday high of HK$32.70 in the morning session before retreating sharply, hitting an intraday low of HK$31.54 in the afternoon, eventually recovering to HK$32.00 at the closing auction. Total turnover reached approximately 60.5 million shares, with a turnover rate of 0.2%. However, the company's deepened alliance with Accor to link direct booking and loyalty platforms, alongside its accelerated asset-light expansion plan, may provide support for its medium-to-long-term fundamentals.