🚀 Hong Kong Markets Buzz: Automakers Upgraded, IPO Delays, and Typhoon Disruptions
HK:01211.HK:BYD COMPANY
HK:09863.HK:LEAPMOTOR
HK:00175.HK:GEELY AUTO
HK:09868.HK:XPENG-W
HK:02015.HK:LI AUTO-W
CLSA Research Boosts Automakers
CLSA issued bullish ratings on leading Chinese automakers. BYD, Leapmotor, Geely, Xpeng, and Li Auto were all rated Outperform, with target prices set at HK$140, HK$80, HK$23, HK$106, and HK$140, respectively.
HK:00688.HK:CHINA OVERSEAS
China Overseas Gets Green Light for REIT
China Overseas secured regulatory approval for its first public infrastructure REIT from the China Securities Regulatory Commission (CSRC) and a letter of no objection from the Shenzhen Stock Exchange.
HK:02259.HK:ZIJIN GOLD INTL
Zijin Gold IPO Faces Weather Delays
Zijin Gold International extended its subscription deadline to September 25 due to severe weather. Its Hong Kong listing is now pushed to next Tuesday.
HK:09866.HK:NIO-SW
Citi Raises NIO Target
Citi Research lifted its target price for NIO-SW to HK$65.9, highlighting robust sales momentum for its L90 and ES8 models. Forecasts for 2026 and 2027 sales were revised upward, alongside stronger margin expectations.
HK:01024.HK:KUAISHOU-W
Goldman Sachs Reaffirms Buy on Kuaishou
Goldman Sachs reiterated its Buy rating for Kuaishou-W, expecting its new Kling model to drive user engagement growth.
HK:0388.HK:HKEX
HKEX Operations Steady Amid Typhoon
Despite Super Typhoon Ragasa bringing a No. 10 hurricane signal, HKEX confirmed securities and derivatives markets continue to operate normally.
HK:03896.HK:KINGSOFT CLOUD
Kingsoft Cloud Sells Shares at Discount
Kingsoft Cloud saw shares dip over 11% after announcing plans to raise HK$2.76 billion through a discounted placement.
HK:00966.HK:CHINA TAIPING
JPMorgan Stays Bearish on China Taiping
JPMorgan maintained its Underweight rating on China Taiping, citing weakening investor confidence in the insurer.
HK:00960.HK:CHINA RES LAND
China Resources Land Appoints CFO
China Resources Land announced the appointment of a new Chief Financial Officer as part of its leadership reshuffle.
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