HK Stock Connect Daily Report: EVERG SERVICES Falls 17.72% as PAG Agrees to Acquire a Controlling Stake for HK$4.026 Billion - 20261030

I. Market Overview

On October 30, 2026, the three major Hong Kong indices opened mixed; the Hang Seng Index and the Hang Seng China Enterprises Index briefly slipped below their previous closes before recovering, and all three closed higher. The Hang Seng Index closed at 23,294.42, up 1.46%; the Hang Seng TECH Index closed at 3,754.90, up 0.29%; and the Hang Seng China Enterprises Index closed at 7,862.22, up 1.37%. Full-day turnover on the Hang Seng Index reached HKD 214.3 billion, clearly above HKD 189.5 billion a day earlier.

On the board, among Stock Connect constituent stocks, HIPINE rose 17.85%, QUANTGROUP rose 16.40%, MAO GEPING rose 13.80%, BAIGE DIGITAL rose 11.35% and SHANGHAI PECHEM rose 10.31%; on the downside, EVERG SERVICES fell 17.72%, SANY INT'L fell 15.85%, QINGSONG HEALTH fell 15.38%, MICOT PHARMA-B fell 14.77% and REALORD TECH fell 13.46%. Consumer, oil and petrochemical and insurance names advanced, while property management, semiconductor and information technology names came under pressure. Across the Stock Connect universe, 333 stocks rose, 317 fell and 16 were unchanged.

Southbound capital recorded net selling of HK$3.560 billion on the day, comprising net selling of HK$2.261 billion via Stock Connect (Shanghai) and HK$1.299 billion via Stock Connect (Shenzhen), with both channels net sellers and Shanghai about 1.7 times the size of Shenzhen.

II. HK Stock Connect Stock Rankings

2.1 HK Stock Connect Stock Gainers and Decliners

Source: Wind, HKEX. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

2.2 HK Stock Connect Active Stocks (ranked by southbound turnover)

Source: Wind, HKEX. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

III. HK Stock Connect-related A-share ETF Rankings

3.1 HK Stock Connect-related A-share ETF Gainers and Decliners

Source: Wind. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

3.2 HK Stock Connect-related A-share ETF Active Rankings (ranked by turnover)

Source: Wind. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

IV. Industry and Corporate Updates

1. EVERG SERVICES Falls 17.72% on Resumption as PAG Agrees to Acquire a 51.016% Stake for HK$4.026 Billion and Launches a General Offer

On October 30, EVERG SERVICES (06666.HK) announced that its board had been notified by the liquidators and the offeror that the sellers and the offeror entered into a share purchase agreement on October 28, 2026 covering 5.515 billion shares, about 51.016% of the issued share capital and the sellers' entire holdings, for total cash consideration of HK$4.026 billion. The offeror is ultimately owned by PAG, an alternative investment firm focused on Asia Pacific, and will become the new controlling shareholder upon completion, launching a general offer to other shareholders at HK$0.8359 per share, a discount of about 29.5% to the closing price of HK$1.185 on the last trading day before the suspension. Trading was halted from the morning of October 29 and resumed on the morning of October 30. The company said the transfer of control out of the sellers' liquidation estate will remove long-standing uncertainty arising from the liquidation proceedings. The stock closed at HK$0.975, down 17.72%, the steepest decline among Stock Connect stocks, on turnover of HK$160 million.

2. Southbound Net Selling Reaches HK$3.560 Billion as SMIC Leads with HK$999 Million of Net Selling

On October 30, southbound capital recorded net selling of HK$3.560 billion, comprising net selling of HK$2.261 billion via Stock Connect (Shanghai) and HK$1.299 billion via Stock Connect (Shenzhen), with both channels net sellers and Shanghai about 1.7 times the size of Shenzhen. At the stock level, SMIC (00981.HK) topped southbound turnover at HK$4.406 billion and led net selling at HK$999 million; XIAOMI-W (01810.HK) saw net selling of HK$686 million, ALIBABA-W (09988.HK) HK$649 million and YOFC (06869.HK) HK$251 million. On the buy side, GENSCRIPT BIO (01548.HK) led with HK$133 million of net buying, followed by KB LAMINATES (01888.HK) at HK$97 million and Z.AI (02513.HK) at HK$12 million.

3. Consumer Theme ETFs Sweep the Top Five Gainers as Hong Kong Consumer Names Advance Broadly

On October 30, the top five gainers among Hong Kong Stock Connect-related A-share ETFs were all consumer theme products. China Universal CNI HK Equities Consumption Theme ETF (159268) gained 4.43% on RMB 120 million of turnover, E Fund CSI HK Equities Consumption Theme ETF (513070) gained 3.93% on RMB 206 million, Huaan CNI HK Equities Consumption Theme ETF (159285) gained 3.73%, ChinaAMC CSI HK Equities Consumption Theme ETF (513230) gained 3.70% and Invesco Great Wall Hang Seng Consumption ETF(QDII) (513970) gained 3.64%. At the stock level, MENGNIU DAIRY (02319.HK) rose 9.42% on HK$1.115 billion of turnover, MIXUE GROUP (02097.HK) rose 8.17%, MAO GEPING (01318.HK) rose 13.80% and BAIGE DIGITAL (02672.HK) rose 11.35%. Hong Kong dairy, tea beverage, restaurant and beer names advanced collectively on the day.

4. Oil and Petrochemical Names Advance as SHANGHAI PECHEM Gains 10.31%

On October 30, Hong Kong oil and petrochemical names ranked among the top sector gainers. SHANGHAI PECHEM (00338.HK) rose 10.31% to close at HKD 1.23, the fifth-largest gain among Stock Connect stocks, while China Petroleum & Chemical Corporation gained 6.22% and PetroChina 5.66%. By turnover, CNOOC (00883.HK) traded HK$1.631 billion and edged down 0.08%, with HK$114 million of southbound net selling. The three major oil companies and refining names advanced together, in line with the broader recovery in Hang Seng Index heavyweights.

5. Semiconductor and Information Technology Theme ETFs Extend Declines as the China-Korea Semiconductor ETF Leads Turnover at RMB 20.734 Billion

On October 30, semiconductor and information technology theme ETFs continued to fall. China Universal CSI HK Equities Information Technology Integration ETF (526030) fell 3.69%, Yinhua CSI HK Equities Information Technology Integration ETF (159047) fell 3.64%, China Merchants CSI HK Equities Information Technology Integration ETF (526050) fell 3.35%, Invesco Great Wall NASDAQ Technology Market Capitalization Weighting ETF(QDII) (159509) fell 3.31% on RMB 1.787 billion of turnover and GF CSI HK Equities Information Technology Integration ETF (520710) fell 3.28%. By turnover, Huatai-PB China Securities Han Stock Exchange China Korea Semiconductor ETF(QDII) (513310) led at RMB 20.734 billion, down 2.50% with a turnover rate of 210.54%, followed by GF CSI HK Innovative Drugs Industry ETF(QDII) (513120) at RMB 8.555 billion, down 2.70%.