🚨 Asia Market Buzz – EVs, IPOs, AI, and Malaysia Movers!
🔋 XPENG-W (09868.HK / XPEV.US)
XPeng narrows Q1 net loss to RMB660M from RMB1.37B YoY. Expecting up to 1.3x revenue jump in Q2 – signs of an EV rebound! 🔋📈
🧠 Baidu (09888.HK)
Q1 GAAP net income soars 41.6% YoY to RMB7.72B, crushing expectations. Ad + cloud revs strong, though non-GAAP profit slips 7.7%. EPS: RMB2.73. 📊💡
💊 Hengrui Pharma (01276.HK)
IPO priced at top-end HK$44.05 per H-share. Trading starts May 23. 🔔 Strong demand for this pharma debut!
🎮 BILIBILI-W (09626.HK)
Raising US$500M via convertible notes due 2030. Targeting institutional buyers to fund future growth. 💵📉
📉 UBS Update
UBS lifts China 2025 GDP forecast to 4% after tariff tensions ease. But warns: less room for big stimulus now. 🧩📉
📈 Markets Rally
^HSI up 146 pts to 23,827, ^HSTI up 26 pts to 5,342.
HKEX (388.HK) +3%, while BYD (1211.HK), Geely (0175.HK), ALI Pictures (1041.HK), Meitu (1357.HK), SDHG (2400.HK) hit fresh highs! 🚀📊
🎬 ALI Pictures (1041.HK)
Jumps 21% after announcing name change to “Damai Entertainment”.
TPs up: Citi: HK$0.92, HTSC: HK$0.75, CICC: HK$0.70.
Chiikawa IP + AI shift = bullish bets. 🧸🎥
🏥 JD Health (06618.HK)
BOCI ups TP to HK$47, maintains Buy, citing strong platform momentum. 🏥📱
🚗 Xiaomi (1810.HK)
Analysts forecast ~50% YoY rise in Q1 adjusted profit. New EV model Xiaomi YU7 adds to investor hype. Founder Lei Jun is confident. ⚡🚘
🛍️ Miniso (09896.HK), BLOKS, Pop Mart (9992.HK)
BOCI covers Miniso & BLOKS, prefers Pop Mart as top consumer pick. 🎁
🏗️ China Hongqiao (01357.HK)
DBS raises TP to HK$18 post Guinea bauxite supply disruption. 💥
💉 3SBio (1530.HK)
BOCI: HK$21.8 TP, CMSI: HK$25 TP – Pfizer partnership lifting sentiment. 💊📈
🌏 Trip.com Group (9618.HK)
TP hikes from all corners:
Citi: USD78, Daiwa: HKD745, CLSA: USD75, Macquarie: USD74.5, CCBI: HKD579.
Only Nomura remains Neutral. ✈️📲
🎮 More Bilibili Love (09626.HK)
TP boosts: Daiwa: HKD240, HSBC: HKD175.5, CLSA trims to USD24 citing ad softness, but mobile games outperform. 🎮
⚡ Leapmotor (09863.HK)
Exploding on earnings:
CICC: HKD80, HTSC: HKD81.15, CMBI: HKD72 – all say Buy. 💥🔋
🏦 ICBC (601398.SS)
Morgan Stanley sees short-term upside – eyes 60-day rally. 🏦🔍
🔋 CATL (300750.SZ / 300750.HK)
TPs in: CLSA: HKD385, Macquarie: HKD360. EV battery king holds its crown. 🔋👑
🚗 BYD (1211.HK)
Citi TP: HKD727. Stock hits all-time high with booming exports and EV surge. 🚘📈
🧸 Pop Mart (9992.HK)
JPM starts coverage at HKD250, Overweight. “Labubu” becomes a super IP. 🧸🔥
🌐 Tencent (700.HK)
Named Top Pick in BOCI’s internet stock ranking. Monetisation and ecosystem strength praised. 📲💼
🛢️ Sinopec (0386.HK)
BOCI downgrades sector to Neutral. Pricing pressure dims upside. 🛢️⚠️
📈 More Movers
🔹 NEW WORLD DEV (0172.HK): Seeks HKD87.5B loan refinancing.
🔹 SUNART RETAIL (06808.HK): +6% after swinging to RMB405M profit.
🔹 MEITU (1357.HK): +15% after USD250M from Alibaba (9988.HK).
🔹 GDS (9698.HK): +6.3% on Q1 profit of RMB763M.
🔹 ZTO EXPRESS (ZTO.US): +39.8% YoY net profit to RMB1.993B.
🔹 HSBC (0005.HK): Buys back 2.26M shares for HKD209M.
🇲🇾 Malaysia Movers
💰 Public Bank (PBBANK): Q1 profit +6% to RM1.75B.
🖥️ YTL Power (YTLPOWR): Nvidia-backed supercomputer on track for 3Q.
🛢️ Bumi Armada (ARMADA): Secures full PSC ops for Kojo Block in Indonesia.
🏗️ SP Setia (SPSETIA): Q1 profit down 13.3%, maintains RM4.8B sales goal.
🌾 Mega First (MFCB): Net profit down 34%, food biz supports revenue.
🧤 Supermax (SUPERMX): Wider RM23.8M loss, but revenue jumps 42.4%.
💊 Apex Healthcare (AHEALTH): Profit down 7.1%, weak public sector demand.
☀️ Solarvest (SLVEST): Profit nearly triples on green energy projects.
🏥 TMC Life (TMCLIFE): Posts second straight loss on expired insurance deals.
🚁 BHIC: Inks MOU with Airbus for helicopter venture.
⚖️ MHB: Wins injunction halting arbitration over Bokor project.
Thank you
