Analysis of Popular Hong Kong Stocks: Dazhong Public Utilities (01635.HK)

01635.HK (Dazhong Public Utilities), as a popular Hong Kong stock, its trend is mainly influenced by industry trends and market linkages. The company’s main businesses include pipeline gas supply, wastewater treatment, and public facilities, belonging to the defensive utilities sector [2]. The U.S. utilities sector rose by 2.08% on January 5, 2026 [6]; although this is U.S. market data, the linkage effect of the global utilities sector may have boosted the attention of similar stocks in the Hong Kong market. The Hong Kong stock closed at HKD 3.31, down 2.93% on the day [2], while its related A-share stock 600635.SS fell by 5.07% in the past 14 days [0]. Currently, no direct sudden positive or negative news targeting the company has been found; its popular trend may more reflect the overall sentiment of the sector.

1. Sector Linkage Effect
   : The rise of the U.S. utilities sector has a spillover effect on similar stocks globally, highlighting the attractiveness of defensive industries amid market volatility.
2. A/H Share Trend Divergence
   : Although belonging to the same company, A-shares and Hong Kong shares showed different declines in the short term, reflecting differences in investor sentiment and trading mechanisms between the two markets.
3. Lack of Direct Catalyst
   : The current popular trend is not supported by specific company-level news, which may lead to short-term speculative volatility risks.

1. Industry Price Risk
   : Fluctuations in Asian LNG spot prices may affect the profitability of the company’s gas supply business [4].
2. Sector Reversal Risk
   : If the global utilities sector reverses its trend, this stock may face correction pressure.
3. Speculative Volatility Risk
   : The popular trend without direct positive support may lead to increased short-term price volatility.

As a defensive utility stock, it may attract the attention of risk-averse investors when market uncertainty increases, and the overall positive trend of the sector may also provide support.

• Stock: 01635.HK (Dazhong Public Utilities), Sector: Utilities
• Hong Kong stock closing price: HKD 3.31, daily decline: 2.93%, 52-week range: HKD 1.63-4.95 [2]
• Popular driving factors: Positive trend of the global utilities sector, defensive industry characteristics
• Main risks: Industry price fluctuations, sector reversal, speculative volatility
• No direct sudden news targeting the company

[0] Jinling Analysis Database - 600635.SS Price Data
[2] investing.com - “Dazhong Public Utilities (1635) Latest Stock Price Quotes, Real-Time Charts, Price Analysis and Forecast”
[3] moomoo - “Dazhong Public Utilities (01635) Stock Price, Market Capitalization, Real-Time Quotes, Charts, Financial Reports”
[4] marine link - “China Received LNG Shipments from Sanctioned Russian Projects”
[6] Jinling Analysis Database - U.S. Sector Performance on January 5, 2026