HK Hot Stock Analysis: Baifu Holdings (01488.HK) Performance in Early 2026

The event time is 16:30 on January 1, 2026 (UTC+8), and the Hong Kong securities market closed at 16:00 on the previous day (December 31, 2025) (UTC+8). Therefore, the hot stock status may be related to the market sentiment after Meet Xiao Mian’s IPO and the trading activities on the last trading day of 2025.

Baifu Holdings (01488.HK) is a Hong Kong-listed investment company in the catering industry [0]. Its core associated event is the successful IPO of Meet Xiao Mian (02408.HK) — the company was listed on the Hong Kong Stock Exchange on December 5, 2025, with investors including well-known institutions such as Hillhouse Capital and Haidilao (06862.HK) [0]. As a major shareholder of Meet Xiao Mian, Baifu Holdings sold part of its shares in August 2025 and realized a pre-tax gain of approximately HK$42 million [0].

The main driver for Baifu Holdings being labeled as a ‘hot stock’ lies in its direct association with Meet Xiao Mian’s IPO. As a major shareholder, the successful listing and subsequent performance of Meet Xiao Mian will directly affect Baifu Holdings’ investment value and market sentiment. In addition, the gain from the share sale in August 2025 also adds a positive factor to its financial performance.

: The positive performance and market recognition of Meet Xiao Mian after its IPO are expected to further enhance Baifu Holdings’ investment valuation and attract more investor attention.
: Factors such as fluctuations in Meet Xiao Mian’s share price, changes in the market environment of the catering industry, and adjustments to Baifu Holdings’ own investment strategy may affect its share price performance.

• Baifu Holdings (01488.HK) is a Hong Kong-listed investment company in the catering industry.
• As a major shareholder of Meet Xiao Mian (02408.HK), it became a hot stock due to the impact of Meet Xiao Mian’s successful IPO on December 5, 2025.
• Sold part of its shares in Meet Xiao Mian in August 2025, obtaining a pre-tax gain of approximately HK$42 million.
• As of December 30, 2025, Baifu Holdings’ share price was HK$0.600, with a market capitalization of HK$947.2 million.