GLOBAL NEW MAT

Global New Material International surged in early trading and maintained gains through the afternoon, closing up 8.6% at HKD 7.690, with an intraday range of 10.9%. Positive catalysts include a Buy rating reaffirmation from SDIC Securities, subsidiary CQV's 2% revenue growth to KRW 9.45 billion, and a planned RMB 1.49 billion stake acquisition in Zhejiang Jihua. Despite a 140% revenue surge to HKD 11.15 billion in 2025, the company swung to a net loss of HKD 0.1996 per share due to Merck acquisition costs, yielding a net profit margin of -22.1%. The stock remains 31.6% below its 52-week high of HKD 11.25, though it has recovered above its 20-day moving average of HKD 7.128 and sits slightly above the 60-day MA of HKD 7.621, while still down 21.9% year-to-date.