Reasons and Analysis for Qianbaidu (01028.HK) Being a Hot Stock in Hong Kong

Qianbaidu (01028.HK) has recently made it to the list of surging stocks on the East Money App for Hong Kong stocks. The core driving factors include three aspects:

1. Capital Operation Events
   : On December 11, 2025, the company completed a rights issue of 415.4 million shares at HK$0.205 per share, raising approximately HK$80 million [2]; on the same day, major shareholders transferred 15.11% of their shares from First Shanghai Securities to HSBC Bank [3], sparking market attention on the company’s strategic direction.
2. Business Transformation Expectations
   : The company is transforming from traditional footwear retail to a direction integrating intelligent products and AI. In the first half of 2025, it has already applied AI to R&D, supply chain, and customer service links [5], and the expectation of tech empowerment has attracted investors’ interest.
3. Market Sentiment Push
   : As a low-priced stock (less than HK$1), short-term capital speculation and increased attention from retail investors (making it to the East Money hot list) have intensified stock price fluctuations.
   According to aastocks data, the company’s current stock price is approximately HK$0.72, with a recent fluctuation of 19.118% [1].

1. Synergistic Effect Between Capital Operations and Transformation
   : Rights issue financing may provide capital support for AI transformation, and major shareholders’ share transfer may reflect institutions’ attitudes towards the transformation. The superposition of both has amplified market attention.
2. Volatility Characteristics of Low-Priced Stocks
   : Qianbaidu’s stock price is less than HK$1, making it susceptible to short-term capital influences and high volatility; the rights issue price of HK$0.205 forms a short-term support level, but breaking through the current resistance level of HK$0.72 requires volume cooperation.

• Risks
  : High stock price volatility, susceptible to speculation; rights issue dilutes existing shareholders’ equity; AI transformation is in the initial stage, and the effect of performance improvement has not been verified; operating income in the first half of 2025 decreased by 8.5% year-on-year [5], and traditional businesses still face pressure.
• Opportunities
  : If the AI transformation is successful, it is expected to improve operational efficiency and market competitiveness; capital support from capital operations provides a foundation for the transformation.

Qianbaidu (01028.HK) has become a hot stock in Hong Kong due to capital operations and business transformation. Its current stock price is approximately HK$0.72, with significant recent fluctuations. Investors need to pay attention to the transformation progress, financial performance, and changes in the stock price’s support and resistance levels, while also noting the high volatility risk of low-priced stocks.

[0] Ginlix InfoFlow Analysis Database
[1] aastocks - Qianbaidu (01028) Stock Price Fluctuates Significantly by 19.118%, Current Price HK$0.72
[2] Sina Finance - Qianbaidu (01028) Completes Issuance of 415.4 Million Subscribed Shares
[3] East Money - Qianbaidu (01028) Shareholders Transfer Stocks from First Shanghai Securities to HSBC Bank (Hong Kong)
[4] Futunn - Qianbaidu (01028) Stock Price, News, Quotes and Charts
[5] Sina Hong Kong Stocks - Qianbaidu (01028)_Company Information