🚀 Midday Market Buzz: ETFs, Tech Giants & Earnings Shake Up Hong Kong & US Stocks
HK:02845.HK:GX CN EV BATT
HK:09845.HK:GX CN EV BATT-U
HK:07399.HK:XI2CSOPMSTR
HK:07234.HK:XL2 BOS CHINEXT
HK:09399.HK:XI2CSOPMSTR-U
📈 Top ETF Gainers – GX CN EV BATT surged 6% to HK$97.48, GX CN EV BATT-U rose 5.8%, XI2CSOPMSTR gained 4.6%, XL2 BOS CHINEXT jumped 4.2%, and XI2CSOPMSTR-U added 4%.
HK:03690.HK:MEITUAN-W
📉 Daiwa Cuts MEITUAN-W – Daiwa trimmed target price to HK$170 but reaffirmed Buy, citing losses in food delivery and weak outlook for 2H25.
HK:3115.HK:Hangseng Index
HK:02318.HK:PING AN
HK:01810.HK:XIAOMI
HK:09988.HK:Alibaba
HK:00700.HK:Tencent
HK:03690.HK:MEITUAN-W
📊 HSI Midday Gains – HSI closed midday at 25,156 (+158 pts), HSTI at 5,675 (+31 pts). PING AN rose 1%, Alibaba and Tencent gained 0.7% each, while Xiaomi slipped 0.9%.
HK:00267.HK:CITIC
💰 CITIC Earnings – Interim net profit fell 2.8% to RMB31.23B; EPS at RMB1.07; dividend RMB0.2 declared.
HK:02400.HK:XD INC
🚀 XD INC Surges – Interim net profit jumped 268% YoY to RMB755M on strong revenue growth (+39%). No dividend declared.
HK:6019.HK:CHINA MER PORT
⚓ CHINA MER PORT Results – Interim net profit dropped ~20% to RMB3.6B; dividend maintained at HK$0.25.
HK:0960.HK:LONGFOR GROUP
🏠 LONGFOR GROUP Slumps – Interim net profit sank 45.2% to RMB3.216B; dividend cut to RMB0.07.
US:NVDA:NVIDIA
💡 Citi on NVIDIA – Citi lifted target price to US$210, maintaining a Buy rating after strong results.
HK:0914.HK:CONCH CEMENT
🏗️ Goldman Sachs on CONCH CEMENT – Target price raised to HK$31; earnings beat expectations.
HK:1109.HK:CHINA RES LAND
🏢 Goldman Sachs on CHINA RES LAND – TP raised to HK$38; Buy rating reaffirmed.
HK:0020.HK:SENSETIME-W
🤖 Goldman Sachs on SENSETIME-W – Upgraded to Buy, target lifted to HK$2.72.
HK:0883.HK:CNOOC
🛢️ UBS on CNOOC – Target price raised to HK$26.5; rating Buy.
HK:0857.HK:PETROCHINA
⛽ DBS on PETROCHINA – TP lifted to HK$8; Buy maintained.
US:BTC:Bitcoin
📉 Crypto Trading Buzz – GUOTAI JUNAN I stock jumped 23% on plans to offer crypto trading services in Hong Kong, fueling investor excitement.
HK:2318.HK:CHINA LIFE
🏦 Mixed Calls on CHINA LIFE – CCBI downgraded to Neutral, cutting TP to HK$24, while HTSC raised TP to HK$26, keeping a Buy stance.
HK:2007.HK:COUNTRY GARDEN / SHIMAO GROUP (0813.HK)
⚖️ ABC Lawsuit – Agricultural Bank of China sued Shimao Group in Hong Kong to recover ~RMB1B unpaid debt.
HK:0700.HK:TENCENT
🔄 Tencent Buyback – Repurchased 927,000 shares worth ~HK$551M.
HK:09868.HK:LI AUTO-W
🚗 LI AUTO-W Rises – Shares climbed 2.5% despite a 1% drop in Q2 net profit; new Li i6 model scheduled for next month.
HK:06690.HK:HAIER SMARTHOME
🏠 HAIER SMARTHOME Grows – First-half net profit rose 15.6%, pushing shares up nearly 6%.
HK:9988.HK:Alibaba
HK:9618.HK:BIDU-SW
📱 Tech Updates – Alibaba gained ahead of earnings release, while Baidu unveiled new education products.
HK:1928.HK:SANDS CHINA
🎰 Macau Tourism Boost – Sands China said its properties received over 1.1B visits.
📌 In Summary: Markets saw upbeat ETF performances, earnings shocks from CITIC, XD INC, and LONGFOR, and strong broker calls on tech and energy giants. Tencent’s buyback, Li Auto’s new launch, and crypto-trading moves from Guotai Junan kept investors buzzing across sectors.
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