📈 Wall Street & Hong Kong Analysts Shake Up Ratings: Insurers, Tech, Autos & Casinos in Spotlight

HK:02628.HK:CHINA LIFE

Goldman Sachs cut China Life from Buy to Neutral, but raised its target price from HKD17.5 to HKD21.

HK:02318.HK:PING AN

Ping An kept at Buy by Goldman Sachs, with TP lifted from HKD51 to HKD58.

HK:02601.HK:CPIC

China Pacific Insurance (CPIC) stays Neutral at Goldman Sachs, TP up from HKD23.5 to HKD29.

HK:01336.HK:NCI

New China Life (NCI) remains Sell at Goldman Sachs, TP raised from HKD20.5 to HKD26.5.

HK:00966.HK:CHINA TAIPING

China Taiping remains Sell at Goldman Sachs, TP lifted from HKD9.7 to HKD11.8.

HK:01339.HK:PICC GROUP

PICC Group stays Neutral at Goldman Sachs, TP slightly increased from HKD5.3 to HKD5.8.

HK:02328.HK:PICC P&C

PICC Property & Casualty remains Buy at Goldman Sachs.

HK:00027.HK:GALAXY ENT

Goldman Sachs raised Galaxy Entertainment TP to HKD50.1 after 2Q25 EBITDA hit HKD3.6B (+8% QoQ). UOB Kay Hian also kept Buy, raising TP to HKD45.

HK:00700.HK:TENCENT

Soochow Securities reported Tencent saw HKD2.35B net inflows from Southbound funds last week, topping the buy list.

HK:09988.HK:BABA-W

Alibaba (BABA-W) followed with HKD1.388B net inflows from Southbound funds.

HK:01024.HK:KUAISHOU-W

Kuaishou-W received HKD965M net inflows and had Nomura raise TP to HKD86, expecting 17% YoY non-GAAP operating profit growth in 2Q.

HK:01088.HK:CHINA SHENHUA

China Shenhua saw HKD801M net inflows from Southbound funds.

HK:00981.HK:SMIC

SMIC netted HKD733M inflows from Southbound funds.

HK:02015.HK:LI AUTO-W

Li Auto-W gained HKD705M in Southbound inflows.

HK:00288.HK:WH GROUP

UBS lifted WH Group TP to HKD8.5, kept Buy, expecting 2Q25 sales +12% YoY and operating profit +4%, though net profit fell 8%.

HK:01810.HK:XIAOMI-W

JPMorgan kept Xiaomi-W Neutral, forecasting only 5% smartphone revenue growth in 2025; company appoints executives to drive African market expansion.

HK:00175.HK:GEELY AUTO

Deutsche Bank raised Geely Auto TP to HKD25, expecting Galaxy A7 monthly sales to exceed 10,000 units.

HK:00762.HK:CHINA UNICOM

UBS increased China Unicom TP to HKD11.6, kept Buy.

HK:00004.HK:WHARF HOLDINGS

HSBC kept Wharf Holdings at Hold, citing a lack of short-term catalysts for re-rating.

💹 Hong Kong Market Buzz: Casino Gains, Telco Targets, Food Giants, Tech Moves & Financial Flows

HK:00027.HK:GALAXY ENT

CICC raised Galaxy Entertainment target price to HKD44.8 after Capella Hotel performance exceeded expectations.

HK:00004.HK:WHARF HOLDINGS

Citi cut Wharf Holdings target price, maintained Sell, citing no expectation for increased shareholder returns.

HK:00762.HK:CHINA UNICOM

CLSA lifted China Unicom target price to HKD11 and kept Outperform rating.

HK:00288.HK:WH GROUP

BofA Securities raised WH Group target price to HKD8.5, projecting a healthy outlook for 2H25.

HK:02638.HK:HKELECTRIC-SS

HSBC increased HK Electric Investments TP to HKD7.2, expecting flattish dividends until 2028.

HK:01024.HK:KUAISHOU-W

UBS reiterated Buy for Kuaishou-W, noting market misunderstanding of its cooperation with Meituan-W.

HK:01024.HK:KUAISHOU-W

JPMorgan lifted Kuaishou-W TP to HKD88, optimistic on advertising and Kling AI growth in 2H25.

HK:01024.HK:KUAISHOU-W

Citi noted Kuaishou-W shares fell 9% YTD on concerns over food delivery service and Kling competition.

HK:01114.HK:BRILLIANCE CHI

Morgan Stanley raised Brilliance China Automotive TP to HKD3.4, maintained Equalweight.

HK:00203.HK:FIT HON TENG

Fit Hon Teng opened lower but rallied over 8% as 1H25 revenue grew more than 10%.

HK:00772.HK:CHINA LIT

China Literature jumped over 6% in early trading after brokers gave Buy ratings post-results.

HK:00288.HK:WH GROUP

WH Group rose 4.57% as interim net profit before biological fair value adjustments increased 4.5%, with dividend doubling.

🚀 Hong Kong & China Markets Surge: Tech Breakouts, Corporate Moves, Property Risks & Strategic Bets

HK:1698.HK:TME-SW

Tencent Music Entertainment (TME-SW) surged over 15% to break above HKD100, hitting a record high after 2Q non-IFRS net profit jumped 37.4% YoY.

HK:09988.HK:BABA-W

Alibaba (BABA-W) rose in early trading alongside the Hang Seng Index rally, buoyed by strong sentiment from TME-SW’s spike.

HK:09618.HK:JD-SW

JD.com (JD-SW) gained in early trading as tech stocks lifted the market.

HK:1208.HK:MMG

MMG opened 3% higher after reporting record-high 1H EBITDA.

HK:0293.HK:CATHAY PAC AIR

Cathay Pacific Airways said voluntary unpaid leave is a regular arrangement to give cabin crew more flexibility in work planning.

HK:1772.HK:GANFENGLITHIUM

Ganfeng Lithium established a new company in the industrial internet data business, according to reports.

HK:0005.HK:HSBC HOLDINGS

HSBC flagged 73% of Hong Kong commercial property loans as highly risky, according to wire reports.

HK:0493.HK:HKA

Hong Kong Airlines (HKA) reportedly asked foreign staff to take three months’ unpaid leave, saying it addresses work-life balance needs.

HK:0005.HK:HSBC HOLDINGS

HSBC Holdings repurchased about 3.72 million shares yesterday for approximately HKD373 million.

HK:00288.HK:WH GROUP

WH Group said it expects minimal impact from the US-China trade war on its operations.

HK:00762.HK:CHINA UNICOM

China Unicom stated investment may remain stable over the next 2–3 years as its network develops toward an “AI ecosystem.”

📊 Wall Street Hits Records, Hong Kong Earnings Wave, and Corporate Moves Across Tech, Property & Consumer Giants

US:DGT:Dow Jones Industrial Average

The Dow Jones Industrial Average jumped 483 points, while the S&P 500 and Nasdaq Composite each gained over 1%, closing at record highs.

HK:1698.HK:TME-SW

Tencent Music Entertainment (TME-SW) surged over 3% in pre-market trading after reporting a 37.4% YoY rise in 2Q non-IFRS net profit.

HK:0004.HK:WHARF HOLDINGS

Wharf Holdings chairman said lower interest rates will boost Hong Kong property demand and affirmed the advantages of its port assets.

HK:00288.HK:WH GROUP

WH Group posted a 4.5% increase in 1H net profit before biological fair value adjustments to US$725M, doubling its interim dividend to US$0.2.

HK:02638.HK:HKELECTRIC-SS

HK Electric Investments recorded a 5.7% rise in interim net profit to HKD1.001B, keeping distribution at HK15.94 cents per SSU.

HK:00762.HK:CHINA UNICOM

China Unicom ended 2Q with about 214M 5G subscribers, a net quarterly increase of 9.68M.

HK:00762.HK:CHINA UNICOM

For 1H, China Unicom reported a 5% YoY net profit increase to RMB14.484B, raising interim DPS to RMB28.41 cents.

HK:0268.HK:KINGDEE INT’L

UBS trimmed Kingdee International TP to HKD21.5 but noted its clear strategy to boost AI+SaaS subscription revenue growth.

HK:0772.HK:CHINA LIT

China Literature posted a 68.5% rise in interim net profit to RMB850M, with no dividend declared.

HK:00027.HK:GALAXY ENT

Morgan Stanley said Galaxy Entertainment’s interim dividend exceeded expectations though adjusted EBITDA missed forecasts.

HK:00027.HK:GALAXY ENT

UBS reiterated Buy on Galaxy Entertainment, highlighting the interim dividend as a positive surprise.

HK:01024.HK:KUAISHOU-W

Kuaishou-W fell over 9% as the Hang Seng Tech Index slipped, despite several Hong Kong-listed peers hitting new highs.

HK:02328.HK:PICC P&C

PICC Property & Casualty reached a new high during the session amid broader market gains.

HK:01088.HK:CHINA SHENHUA

China Shenhua also touched a new high as investor sentiment lifted energy shares.

HK:06618.HK:JD HEALTH

JD Health marked a fresh high in trading alongside select healthcare plays.

HK:1117.HK:CH MODERN D

China Modern Dairy shares rose to a new high during the session.

HK:1114.HK:BRILLIANCE CHI

Brilliance China Automotive hit a new high as the market saw rotation into auto stocks.

HK:03690.HK:MEITUAN-W

Meituan-W’s Keeta service reportedly expanded into Kuwait, Qatar, and other Middle Eastern cities.

HK:0656.HK:FOSUN INTL

Fosun International chairman Guo Guangchang reportedly met Hong Kong leaders and is preparing to apply for a HK stablecoin license.

HK:09618.HK:JD-SW

JD.com (JD-SW) announced it will reveal collaboration details with Kai Bo this Saturday.

📢 Chip Curbs, Tech Stock Swings & Analyst Calls Shake Up Hong Kong and China Markets

HK:09618.HK:JD-SW

JD.com CEO said the company will not participate in “malicious subsidies,” warning such tactics ultimately create a lose-lose outcome.

HK:0981.HK:SMIC

SMIC jumped over 4.5% as reports suggested Chinese firms may avoid using NVIDIA H20 chips.

HK:1347.HK:HUA HONG SEMI

Hua Hong Semiconductor also spiked more than 4.5% on the same chip avoidance news.

HK:0268.HK:KINGDEE INT’L

Morgan Stanley maintained Kingdee International as its top China software pick with a Buy rating.

HK:0268.HK:KINGDEE INT’L

Morgan Stanley set Kingdee International’s target price at HKD14.2, noting 1H results were largely in line.

HK:0551.HK:YUE YUEN IND

Jefferies cut Yue Yuen Industrial’s target price after its 2Q results missed market expectations.

HK:3813.HK:POU SHENG INT’L

Jefferies also slashed Pou Sheng International’s target price on weaker-than-expected 2Q performance.

HK:0191.HK:SAMSONITE

Morgan Stanley lowered Samsonite’s target price to HKD24, though it expects a smaller sales decline ahead.

HK:01024.HK:KUAISHOU-W

Kuaishou-W plunged 10% with heavy trading after reports it is preparing to launch a self-operated e-commerce business.

HK:0322.HK:TINGYI

BOCI kept a Buy rating on Tingyi after interim results came in line with forecasts.

HK:1478.HK:Q TECH

BOCI raised Q Technology’s target price to HKD16.4, maintaining its Buy stance.

HK:0035.HK:FE CONSORT INTL

Far East Consortium International and Chow Tai Fook Enterprises will seek a new manager for Australia’s QWB Resort and an extension of DBC’s debt facility.

📢 Chip Curbs, Tech Stock Swings & Analyst Calls Shake Up Hong Kong and China Markets

HK:09618.HK:JD-SW
JD.com CEO said the company will not participate in “malicious subsidies,” warning such tactics ultimately create a lose-lose outcome.

HK:0981.HK:SMIC
SMIC jumped over 4.5% as reports suggested Chinese firms may avoid using NVIDIA H20 chips.

HK:1347.HK:HUA HONG SEMI
Hua Hong Semiconductor also spiked more than 4.5% on the same chip avoidance news.

HK:0268.HK:KINGDEE INT’L
Morgan Stanley maintained Kingdee International as its top China software pick with a Buy rating.

HK:0268.HK:KINGDEE INT’L
Morgan Stanley set Kingdee International’s target price at HKD14.2, noting 1H results were largely in line.

HK:0551.HK:YUE YUEN IND
Jefferies cut Yue Yuen Industrial’s target price after its 2Q results missed market expectations.

HK:3813.HK:POU SHENG INT’L
Jefferies also slashed Pou Sheng International’s target price on weaker-than-expected 2Q performance.

HK:0191.HK:SAMSONITE
Morgan Stanley lowered Samsonite’s target price to HKD24, though it expects a smaller sales decline ahead.

HK:01024.HK:KUAISHOU-W
Kuaishou-W plunged 10% with heavy trading after reports it is preparing to launch a self-operated e-commerce business.

HK:0322.HK:TINGYI
BOCI kept a Buy rating on Tingyi after interim results came in line with forecasts.

HK:1478.HK:Q TECH
BOCI raised Q Technology’s target price to HKD16.4, maintaining its Buy stance.

HK:0035.HK:FE CONSORT INTL
Far East Consortium International and Chow Tai Fook Enterprises will seek a new manager for Australia’s QWB Resort and an extension of DBC’s debt facility.

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