Hong Kong Markets Buzz with Sharp Gains, Corporate Moves, and Analyst Calls

HK:00020.HK:SenseTime-W

SenseTime-W will host the WAIC 2025 Large Model Forum in Shanghai next week, focusing on AI-driven developments.

HK:00489.HK:Dongfeng Group

Dongfeng Group surged as much as 16% after a sharp open, accumulating a near 50% gain over two weeks. Morgan Stanley noted the company benefits from China’s “anti-involution” measures and potential state-owned enterprise restructuring.

HK:00293.HK:Cathay Pacific Airways

UBS expects Cathay Pacific’s interim underlying earnings to grow 35% year-on-year.

HK:09988.HK:Alibaba (BABA)

Alibaba’s Amap app usage in Hong Kong rose 30% during summer, reflecting heightened consumer activity.

HK:01357.HK:Meitu

Meitu slipped 4% in early trading despite issuing a positive profit alert and receiving optimistic broker calls.

HK:03339.HK:Lonking Holdings

Lonking surged 48% to a four-year high, with first-half net profit expected to rise up to 45%.

HK:09618.HK:JD-SW

JD-SW responded to speculation regarding its acquisition of Kai Bo, stating leaked information about the deal was inaccurate.

HK:02448.HK:Fosun International

Fosun International filed multiple trademark applications, including “Star Coin,” as it accelerates its virtual asset and tokenization strategy.

HK:01133.HK:Harbin Electric

Harbin Electric jumped 5% at open on expectations of a 95% spike in first-half net profit.

HK:09890.HK:UBTech Robotics

UBTech Robotics fell 3.6% after announcing plans to raise HKD2.41 billion through a discounted share placement at 9.1% below market price.

HK:00823.HK:Link REIT

George Hongchoy expressed full confidence in Link REIT’s management team, noting strengthened leadership, but announced plans to step down as CEO and Executive Director by June 2026.

HK:01865.HK:Concord Healthcare Group

Concord Healthcare placed shares at a roughly 17% discount to raise net proceeds of HKD259 million.

HK:01548.HK:GenScript Biotech

GenScript Biotech forecasted a turnaround for the interim period, projecting profit before tax of up to US$200 million.

HK:00788.HK:China Tower

China Tower is collaborating with the Tibet Autonomous Region to extend broadband coverage to all border areas.

HK:02319.HK:Mengniu Dairy

Mengniu Dairy announced plans to issue sustainability bonds to support its long-term financing needs.

Markets Stir as Hong Kong Index Rises, Major Deals and Ratings Shake Up Key Stocks

HK:3115.HK:Hang Seng Index

The Hang Seng Index (HSI) gained 62 points, or 0.3%, closing midday at 25,057, while the Hang Seng Tech Index (HSTI) rose 3 points to 5,589. Major movers included HK:03690.HK:Meituan (down 1.7%), HK:00939.HK:China Construction Bank (CCB) (down 1.2%), HK:09988.HK:Alibaba (BABA) (down 0.6%), HK:00700.HK:Tencent (up 0.6%), and HK:01810.HK:Xiaomi (slightly changed).

HK:01919.HK:COSCO Shipping Holdings

COSCO Shipping is preparing to join a consortium led by BlackRock and Mediterranean Shipping Company (MSC) to acquire 43 port assets from HK:00001.HK:CKH Holdings, including Panama Canal facilities. COSCO is seeking veto power in the consortium, according to Bloomberg.

HK:3115.HK:Hang Seng Index

Passenger traffic at Hong Kong International Airport rose 11.2% year-on-year in June, with first-half 2025 volumes up 16.5% to 29.4 million. Flight movements climbed 10.1% to 192,365, according to the Airport Authority Hong Kong, which remains cautiously optimistic on travel recovery.

HK:09618.HK:JD-SW

JD-SW reportedly acquired Hong Kong’s Kai Bo Food Supermarket for under HKD4 billion, including its retail network and properties. The deal, signed four months ago, is expected to be officially announced in August.

HK:06618.HK:JD Health

HSBC raised JD Health’s target price to HK$49, maintaining a Hold rating due to what it calls reasonable valuation.

HK:03888.HK:Kingsoft

CICC kept an Outperform rating on Kingsoft, expecting second-quarter revenue to fall 7.5% year-on-year.

HK:09888.HK:CATL (Contemporary Amperex Technology)

Morgan Stanley reported that the EU may limit electric vehicle purchases to rental fleets and large corporations by 2030, potentially benefiting battery maker CATL.

HK:09633.HK:Nongfu Spring

Huatai Securities lifted Nongfu Spring’s target price to HK$53.59, reiterating a Buy rating.

HK:09868.HK:XPeng-W

Macquarie forecasts China’s auto sales to rise 4.5% for 2025, naming XPeng-W its top pick with a target price of HK$93.

HK:09890.HK:UBTech Robotics

Soochow Securities reiterated a Buy rating, noting accelerating commercialization of UBTech Robotics’ products.

HK:09618.HK:JD-SW

JD-SW is launching a RMB1 billion “Dish Partner” recruitment initiative, offering cash incentives to expand its food delivery partnerships.

HK:02388.HK:BOC Hong Kong

JPMorgan downgraded BOC Hong Kong to Neutral, citing over-optimism in the market regarding Hong Kong banks.

HK:09992.HK:Pop Mart

Nomura reiterated a Buy on Pop Mart, with investor confidence buoyed by founder Wang Ning’s interview with People’s Daily.

HK:00005.HK:HSBC Holdings

HSBC Holdings repurchased over 5.12 million shares yesterday, amounting to approximately US$506 million in buybacks.

SGX:S27.SI:S&P 500

The S&P 500 closed above 6,300 for the first time. US:GOOGL:Alphabet rose nearly 3% ahead of its earnings release this Wednesday.

HK:09988.HK:Alibaba

Alibaba launched its upgraded Qwen3 AI model, claiming performance surpasses leading closed models such as Kimi-K2.

HK:09618.HK:JD-SW

JD.com’s food delivery arm introduced a new model with its first self-operated takeaway store, signaling a deeper move into direct operations.

HK:06636.HK:Transsion Holdings

Transsion Holdings is reportedly planning a secondary listing in Hong Kong to raise about US$1 billion, expanding its capital market presence.

JPMorgan and Goldman Spotlight Hong Kong Stocks Amid Market Opportunities

HK:01299.HK:AIA

JPMorgan highlighted market weakness in Hong Kong as a buying opportunity, naming AIA as a top pick.

HK:02388.HK:BOC Hong Kong

JPMorgan identified BOC Hong Kong among its top picks, citing attractive entry levels amid broader market softness.

HK:00027.HK:Galaxy Entertainment

Galaxy Entertainment was also listed by JPMorgan as one of six preferred Hong Kong stocks despite recent market weakness.

HK:0388.HK:HKEX

JPMorgan included HKEX as a recommended buy, emphasizing opportunities presented by current market conditions.

HK:00823.HK:Link REIT

Link REIT was named by JPMorgan as a preferred choice for investors seeking resilience in a volatile market.

HK:00669.HK:Techtronic Industries

JPMorgan added Techtronic Industries to its top picks list, pointing to potential upside despite market softness.

HK:03908.HK:CICC

Goldman Sachs reaffirmed a Buy on CICC, raising its target price from HK$17.58 to HK$20.1.

Southeast Asia & Hong Kong Stocks in Focus as Analysts Boost Targets, Port Deals Stir Tensions, and Reits Face Investor Scrutiny

SGX:F03.SI:Food Empire Holdings

Maybank Securities’ Jarick Seet reiterated a Buy rating and raised his target price for Food Empire Holdings to $2.62, up from $2, following a deal with Santan Food Services, a unit of Capital A (AirAsia’s parent), to serve Vietnamese iced coffee on AirAsia flights and in retail outlets. Seet sees Asia expansion driving growth while Russia’s reduced revenue share supports a valuation re-rating.

SGX:Z74.SI:Singapore Telecommunications (Singtel)

RHB Bank Singapore maintained a Buy rating on Singtel, raising its target price to $4.70 from $4.50, projecting a 13% upside. RHB cited growth from its Nxera data centre arm, including new facilities in Singapore, Thailand, and Johor, with a roadmap to 400MW capacity by 2028. Capital recycling, including a potential sell-down of its Bharti Airtel stake, could unlock over $8 billion.

HK:01919.HK:COSCO Shipping Holdings

HK:00001.HK:CK Hutchison Holdings

COSCO Shipping is seeking veto rights as it joins a consortium acquiring 43 ports from CK Hutchison, including two near the Panama Canal. Beijing’s approval hinges on COSCO’s inclusion, making the deal a focal point in US-China tensions.

SGX:NTTDC.SI:NTT DC Reit

NTT DC Reit ended its first trading week at US$0.95, 5% below its IPO price, as concerns about its 100% payout ratio, tenant concentration (notably a Fortune 100 automaker), and rising global interest rates weighed on sentiment despite a projected 7.5% yield.

SGX:AJBU.SI:Keppel DC Reit

Keppel DC Reit rose 4.1% last week, closing at S$2.28, after Maybank initiated coverage with a S$2.40 target price. Maybank expects 4.9% annual DPU growth through 2027, driven by AI-driven cloud and digitalization trends.

SGX:ME8U.SI:Mapletree Industrial Trust

Despite rate headwinds, Mapletree Industrial Trust remains a top performer among iEdge S-Reit Index components over the past decade, buoyed by its data centre exposure.

SGX:REITETF.SI:Lion-Phillip S-Reit ETF

SGX:ASIAREIT.SI:NikkoAM-StraitsTrading Asia ex Japan Reit ETF

Singapore-listed Reit ETFs grew AUM by 40% over 12 months, surpassing S$1.2 billion. The Lion-Phillip ETF (AUM S$540 million, 5.8% yield) and NikkoAM-StraitsTrading ETF (AUM S$420 million, 5.8% yield) led inflows as investors sought stable dividends.

SGX:CNXT.SI:Amova E Fund ChiNext Index ETF

Nikko Asset Management launched the Amova E Fund ChiNext Index ETF under the SZSE-SGX ETF Link, giving investors Singdollar-hedged exposure to 100 innovation-driven Chinese companies in sectors such as technology, healthcare, and advanced manufacturing.

SGX:D05.SI:DBS Group

SGX:U11.SI:United Overseas Bank (UOB)

SGX:O39.SI:Oversea-Chinese Banking Corporation (OCBC)

OCBC Securities noted these three Singapore banks remain highly sought-after for their fundamentals and stable dividends, even as investor interest grows in AI and advanced computing stocks like US:NVDA:Nvidia.

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