AI Smart Brief: Hong Kong & China Markets — New Coverage Calls, IPO Buzz, and Tech & Brokers in the Spotlight
HK:00863.HK:OSL Group
Citi initiated coverage with Buy/High Risk and a target price of HKD21.8, citing prospects in compliant digital assets exchange and payments.
HK:01113.HK:CK Asset
UBS upgraded the stock to Buy and removed it from its least preferred list, calling it the most undervalued homebuilder under its coverage.
HK:00011.HK:Hang Seng Bank
UBS removed the bank from its least preferred list; separate notes flagged potential upside should HSBC’s privatization proceed.
HK:00005.HK:HSBC Holdings
Featured across research updates tied to the proposed privatization of Hang Seng Bank; S&P said the plan should strengthen ties with manageable capital impact.
HK:00388.HK:HKEX
UBS lifted its TP to HKD485 and forecast 3Q25 revenue/net profit growth of 43%/53% YoY, citing improved sentiment and rising turnover.
HK:03908.HK:CICC
BofA Securities named the broker among its top picks as it expects China brokerages’ 3Q net profit to rise ~21% YoY.
HK:06030.HK:CITIC Securities
Also listed by BofA Securities as a top pick amid anticipated sector earnings growth.
HK:01776.HK:GF Securities
Joined BofA Securities’ top-picks list on expectations of stronger 3Q performance among China brokers.
HK:00981.HK:SMIC
Huatai Securities (HTSC) raised its target price to HKD119, expressing confidence in share gains in advanced processes.
HK:01347.HK:Hua Hong Semiconductor
HTSC increased its TP to HKD119, citing optimism over long-term integration strategy.
HK:03690.HK:Meituan-W
Unit Keeta signed a comprehensive strategic cooperation deal with China Resources’ Go Wonderful.
HK:09988.HK:Alibaba Group
JPMorgan expects faster cloud revenue growth in 2FQ and trimmed its TP to HKD235 amid near-term adjustments.
US:JPM:JPMorgan Chase & Co.
Issued research calling for accelerated Alibaba cloud growth in 2FQ while adjusting target price.
US:UBS:UBS Group
Published multiple Hong Kong–focused calls, including upgrades/removals from least preferred lists and a positive outlook on HKEX earnings.
US:BAC:Bank of America
Through BofA Securities, named CICC, CITIC Securities and GF Securities as top picks; expects 3Q net profit growth across China brokers.
HongKong:3115.HK:Hangseng Index
Opened down 228 points amid weakness in techs and autos, later paring losses as turnover stayed elevated.
HK:02670.HK:Yunji
IPO margin oversubscription reportedly surged to ~1,930x, signaling strong retail interest.
HK:02637.HK:Haixi Pharma
IPO margin oversubscription reached ~59x on a temporary basis during the subscription period.
US:SPGI:S&P Global
S&P commented that HSBC’s planned privatization of Hang Seng Bank should fortify group linkages with a manageable capital effect.
HK:09866.HK:InnoScience Group
Planned a share placement at a 7.9% discount to raise approximately HKD1.55 billion net.
US:QQQ:Nasdaq Golden Dragon China Index
Slipped 2% as names such as Alibaba and Baidu, alongside autos, traded softer in the U.S. session.
