Analysis of Popularity and Recent Stock Price Fluctuations of Dazhong Public Utilities (01635.HK)

As a comprehensive public utility enterprise, Dazhong Public Utilities (01635.HK) became a popular target in Hong Kong stocks driven by a large inflow of southbound funds in 2025. Its Hong Kong Stock Connect holding ratio reached 69.45%, ranking among the top three in Hong Kong Stock Connect holding ratios [0][1][2]. The company’s third-quarter performance was strong, with net profit increasing 2.88 times year-on-year to RMB 187 million [0]. However, its recent stock price performance has been weak. On November 24, 2025, its A-share (600635) hit the daily limit down [3], and its H-share (01635.HK) fell by about 5% to HK$3.8 [4].

The high proportion of southbound fund holdings reflects the market’s long-term confidence in the public utility sector, but short-term stock price fluctuations may be related to risk factors such as weak growth in core businesses and financial asset losses [0]. Although the public utility sector is supported by policies and the environmental protection and new energy businesses have development potential, short-term market sentiment has a significant impact on stock prices [0].

: Internal factors such as core business decline and financial asset losses, as well as market risks brought by recent sharp stock price fluctuations [0][3][4].
: The policy dividends of the public utility sector and the development space of environmental protection and new energy businesses are worth paying attention to [0].

As a dual-listed public utility enterprise, Dazhong Public Utilities benefits from the favor of southbound funds and third-quarter performance growth, but it is facing stock price adjustment pressure recently. Investors need to pay attention to the company’s core business performance, financial asset status, and changes in market sentiment [0][1][2][3][4].