HOLLY FUTURES

Holly Futures opened the morning session 5.37% higher at HKD 2.16, driven by its forecast of a sharp first-half profit rebound and gains from clients and investments. Q1 net profit surged 1,000.62% YoY to HKD 14.18 million, contrasting sharply with last year's full-year net profit of only HKD 3.99 million, signaling a clear earnings turnaround. However, the stock at HKD 2.16 remains down 34.35% YTD, below both the 20-day MA of HKD 2.261 and the 60-day MA of HKD 2.495, and still 62.56% off its 52-week high of HKD 5.77, while a high PE of 125.63x tempers the positive narrative.

Holly Futures opened lower and continued to decline in the morning session, hitting an intraday low of HK$2.09, closing at HK$2.09, down 5.00% from the previous close of HK$2.20, primarily due to a lack of news catalysts and technical pressure. The stock opened at HK$2.19 but quickly weakened, with only 3.30 million shares traded in the morning session and a turnover rate of 1.32%, indicating thin market liquidity. Despite a robust Q1 2026 earnings report showing net profit surged 1,000.62% YoY to HK$14.18 million, EPS jumped 993.89% YoY to HK$0.0141, and operating revenue grew 29.83% YoY to HK$92.32 million, the stock remains at its 52-week low of HK$2.09, 63.78% below the 52-week high of HK$5.77. Both the MA20 (HK$2.356) and MA60 (HK$2.555) are above the current price, and the YTD decline is 36.47%, reflecting technical weakness. However, the price-to-book ratio stands at 0.99, meaning the stock is trading below book value.