Anjoy Food

2648.HK staged a low-open rally during the morning session, climbing from HKD 67.30 to HKD 72.35, up 5.6% on volume of 370,900 shares. The move was driven by strong Q1 2026 earnings: operating revenue surged 38.51% YoY to HKD 5.34 billion, net profit jumped 51.11% YoY to HKD 638 million, and net profit margin improved to 11.96%, reversing the profit decline in Q4 2025. Despite the stock still trading 23.11% below its 52-week high of HKD 94.10, it has gained 7.5% YTD and sits above its 20-day MA of HKD 68.00, though the 60-day MA at HKD 76.57 remains a key overhead resistance.

Anjoy Foods opened low and trended higher in today's session, bottoming at HKD 66.9 in the morning before rebounding to close at HKD 68.4, up 0.59% from the previous close. The move was driven by a strong Q1 2026 earnings beat, with net profit surging 51.11% YoY to HKD 638.5 million and operating profit jumping 63.88% YoY, while net profit margin expanded to 11.96% from 8.5% in Q4 2025, reversing the 2025 full-year net profit decline of 8.5%. The stock remains 27.3% below its 52-week high of HKD 94.1 and well below the 60-day MA of HKD 76.68, though it has reclaimed the 20-day MA of HKD 68.05, with a modest YTD gain of 1.63%. However, the 2025 full-year net profit still fell 2.09% YoY despite a 24.45% revenue growth, leaving sustainability of the turnaround in question.

Anjoy Foods opened higher but closed at HKD 66.5, up 2.23% from the previous close of HKD 65.05, though well off the intraday high of HKD 67.5 and still 29.33% below the 52-week high of HKD 94.1, trading below both the MA20 (68.57) and MA60 (77.09). The strong Q1 2026 earnings drove the initial gains: revenue surged 38.51% YoY to HKD 5.34 billion, net profit jumped 51.11% YoY to HKD 638 million, net margin improved to 11.96%, and EPS rose 33.31% to HKD 1.93, contrasting sharply with the Q4 2025 YoY decline. The stock hit an intraday high of HKD 67.5 during the morning session but failed to sustain momentum, retreating to HKD 66.5 by the close, with a turnover of HKD 50.77 million and a turnover rate of 1.91%. The full-year 2025 net profit of HKD 1.36 billion, down 8.5% YoY, continues to weigh on sentiment, while the sustainability of the strong Q1 growth remains uncertain.

Anjoy Foods shares softened in the afternoon session, closing down 5.1% at HKD 65.75 after retreating over 4.5% from the intraday high of HKD 68.85, pressured by broad market weakness and persistent technical weakness as the stock remained below MA20 (HKD 68.96) and MA60 (HKD 77.307), with a 30% decline from its 52-week high of HKD 94.1. Despite a strong Q1 2026 showing net profit up 51.11% YoY to HKD 638.5 million and revenue up 38.51%, lingering concerns over the 2025 full-year profit decline of 8.5% weighed on sentiment, though Goldman Sachs maintained a Buy rating and Citi raised its target price to HKD 106.

Anjoy Foods (2648.HK) closed up 3.64% at HKD 68.30, driven by a strong Q1 earnings beat: revenue surged 38.51% YoY to HKD 5.34 billion, net profit jumped 51.11% YoY to HKD 638 million, and net profit margin improved to 11.96%, reversing Q4's 2.09% decline. The session followed a spike-and-pullback pattern, with an intraday high of HKD 69.55 in the morning before paring gains to trade narrowly in the HKD 68.20-68.95 range in the afternoon. Despite the rally, the stock closed below its 20-day MA of HKD 69.457 and remains 27.42% below the 52-week high of HKD 94.1, with a YTD gain of just 1.49%. Valuation stands at 13.15x PE and 1.25x PB, with a 4.70% dividend yield. However, the stock is still 20.14% above its 52-week low of HKD 56.85, and the 60-day MA of HKD 78.175 poses notable technical resistance.