📊 Hong Kong & US Market Pulse: Nvidia Talks, Li Ning Rally, Brokers’ Calls & Pop Mart Lift

HK:2331.HK:Li Ning

📈 Li Ning Jumps as Brokers Lift Targets
Morgan Stanley said Li Ning’s 1H25 core operating profit beat estimates, triggering an ~8% rally. Multiple brokers issued updated views, with optimism on earnings momentum and target prices lifted following results.

HK:2232.HK:Laopu Gold

📊 Citi Raises Target Price on Laopu Gold
Citi lifted Laopu Gold’s target price to HK$1,119, expecting its new store investments to break even within two years.

US:NVDA:Nvidia

💡 Nvidia in Talks with White House on China Chips
CEO Jensen Huang revealed Nvidia is negotiating with the US White House on developing new chips for China, highlighting the delicate balance in US-China tech policy.

⚠️ Nvidia Confirms H20 Production Halt
The company admitted it paused H20 AI chip production but emphasized it is constantly managing its supply chain to adapt to market conditions.

HK:0023.HK:Bank of East Asia

📉 Goldman Sachs Cuts Rating on Bank of East Asia
Goldman Sachs set a new target price at HK$11.8, keeping a Sell rating but raising earnings forecasts.

HK:0338.HK:Shanghai Petrochemical
HK:0386.HK:Sinopec

📉 UBS Lowers Shanghai Petrochemical TP, Maintains Buy
UBS reduced Shanghai Petrochemical’s target price to HK$1.89, but reiterated a Buy rating.

📊 UBS Slightly Cuts Sinopec TP
The bank trimmed Sinopec’s target to HK$5.2 while keeping a Buy stance.

HK:1810.HK:Xiaomi

📊 Mixed Broker Views on Xiaomi

• CCBI raised Xiaomi’s TP to HK$69, citing solid 2Q results.

• BOCOMI trimmed its TP to HK$60, reflecting cautious guidance.

• Guotai Haitong Securities raised Xiaomi’s TP further to HK$77.5, reiterating Overweight.

HK:2018.HK:AAC Technologies

📊 Goldman Sachs Lifts AAC Tech TP
Goldman Sachs raised AAC Technologies’ target price to HK$63.6, keeping its Buy rating.

HK:1299.HK:AIA

📊 CICC Maintains Positive Outlook on AIA
CICC raised AIA’s TP to HK$83 after in-line 1H25 results, emphasizing steady value of new business growth.

HK:0291.HK:China Resources Beer

📈 China Resources Beer Target Prices Raised

• CCBI lifted TP to HK$35.1 after a core profit beat.

• DBS elevated TP further to HK$38, reiterating Buy.

HK:0388.HK:HKEX

📈 HTSC Bullish on HKEX
Huatai Securities raised HKEX’s target to HK$542 with a Buy rating, citing market activity recovery.

HK:9992.HK:Pop Mart

🎯 Pop Mart Remains Brokers’ Top Pick

• CCBI raised TP to HK$374, keeping it as an industry top pick.

• DBS elevated TP to HK$368, rating Buy.

• BOCOMI raised TP to HK$394, reiterating Buy.

HK:9896.HK:Miniso (MNSO)

🧸 Top Toy Valued at HK$10B
Miniso’s toy brand TOP TOY is now valued at HK$10 billion after a Temasek-led financing round.

HK:1347.HK:Hua Hong Semiconductor

📈 Hua Hong Soars Amid Nvidia Production Halt Reports
Hua Hong Semiconductor surged nearly 8% on speculation Nvidia’s H20 chip production pause could shift demand to domestic foundries.

HK:9618.HK:JD.com

📉 Haitong International Cautious on JD
Haitong International kept Outperform but expects JD’s new business losses to expand this quarter, setting a TP of HK$167.

HK:1024.HK:Kuaishou

📈 Kuaishou Edges Higher on Strong Results
Kuaishou added ~1% after 2Q adjusted profit topped expectations, coupled with a special dividend.

HK:9868.HK:Xpeng
HK:9626.HK:Bilibili

📊 HSI Opens Higher; EV & Tech Stocks Diverge
The Hang Seng Index opened up 100 points. Xpeng jumped over 9%, while Bilibili slipped 5%, reflecting sector volatility.

🚨 Market Movers: Nvidia in Talks, Li Ning Surge, Pop Mart Lift & Broker Revisions

HK:2331.HK:Li Ning

📈 Li Ning Rallies on Strong Earnings & Broker Upgrades
Li Ning jumped nearly 8% after Morgan Stanley highlighted stronger-than-expected 1H25 core operating profit. Multiple brokers released updated target prices following the results, reflecting bullish sentiment.

HK:2232.HK:Laopu Gold

📊 Citi Sees Growth in Laopu Gold
Citi raised Laopu Gold’s TP to HK$1,119, forecasting new store investments to break even within two years.

US:NVDA:Nvidia

💡 Nvidia Engages White House on China Chips
CEO Jensen Huang confirmed Nvidia is in discussions with the US administration about developing new chips for China amid regulatory tensions.

⚠️ Nvidia Responds to H20 Production Halt
The company acknowledged the pause in H20 AI chip output but stressed proactive supply chain management to adapt to demand shifts.

HK:0023.HK:Bank of East Asia

📉 Goldman Sachs Stays Bearish on BEA
Goldman Sachs raised earnings forecasts but set a TP of HK$11.8 with a Sell rating, citing structural headwinds.

HK:0338.HK:Shanghai Petrochemical
HK:0386.HK:Sinopec

📉 UBS Adjusts Oil Stock Targets
UBS cut Shanghai Petrochemical’s TP to HK$1.89 (Buy maintained) and slightly lowered Sinopec’s TP to HK$5.2, also keeping a Buy stance.

HK:1810.HK:Xiaomi

📊 Mixed Views on Xiaomi After Results

• CCBI lifted TP to HK$69 citing stable 2Q earnings.

• BOCOMI trimmed TP to HK$60 on cautious outlook.

• Guotai Haitong raised TP further to HK$77.5, maintaining Overweight.

HK:2018.HK:AAC Technologies

📊 Goldman Sachs Positive on AAC Tech
Target price raised to HK$63.6, Buy rating reiterated.

HK:1299.HK:AIA

📈 CICC Raises AIA Target
CICC increased TP to HK$83 after in-line 1H25 results, citing steady new business value growth.

HK:0291.HK:China Resources Beer

🍺 China Resources Beer Gets TP Boosts

• CCBI lifted TP to HK$35.1 after a core profit beat.

• DBS raised TP further to HK$38, both with Buy calls.

HK:0388.HK:HKEX

📈 Huatai Bullish on HKEX
HTSC raised the TP to HK$542, reiterating Buy, citing rising turnover and improving sentiment.

HK:9992.HK:Pop Mart

🧸 Pop Mart Remains Top Pick

• CCBI raised TP to HK$374.

• DBS lifted TP to HK$368.

• BOCOMI pushed TP higher to HK$394.
  All maintained Buy ratings, reinforcing it as a sector leader.

HK:9896.HK:Miniso

📊 TOP TOY Hits HK$10B Valuation
Miniso’s trendy toy brand TOP TOY reached a HK$10B valuation after Temasek-led financing.

HK:1347.HK:Hua Hong Semiconductor

🚀 Hua Hong Jumps on Nvidia Supply Shift
Shares surged ~8% after reports Nvidia halted H20 AI chip production, with investors betting demand may shift to domestic foundries.

HK:9618.HK:JD.com

📉 Haitong International Cautious on JD
TP set at HK$167 with Outperform, but warns of wider new business losses this quarter.

HK:1024.HK:Kuaishou

📈 Kuaishou Rises on Profit Beat & Special Dividend
Shares edged ~1% higher after Q2 adjusted profit exceeded expectations and a special dividend was declared.

HK:9868.HK:Xpeng
HK:9626.HK:Bilibili
HK:3115.HK:Hang Seng Index

📊 HSI Opens Strong; EVs Shine, Bilibili Slips
The Hang Seng Index opened up 100 points. Xpeng soared over 9%, while Bilibili slid 5%, showing diverging tech performance.

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