China Tech & Hong Kong Movers: AI Bets, Macau Boost, and Index Rebound—What Brokers Say Today
HK:9988.HK:Alibaba Group
• UBS says China’s push to localize computing power should fuel AI/LLM development, citing national policy and big-tech R&D; positive read-through to Alibaba. Also: Alibaba Cloud opened its second Dubai data center.
HK:9888.HK:Baidu
• UBS and CCBI raised targets on Baidu, with brokers constructive on AI progress and expecting 3Q results to largely meet forecasts.
HK:1299.HK:AIA Group
• UBS forecasts accelerated 3Q25 VNB growth (AER/CER) and keeps Buy; Morgan Stanley sees ~15% YoY VNB growth (CER); BofA Securities estimates ~15% VNB growth and maintains Buy ahead of 31 Oct results.
HK:1128.HK:Wynn Macau
• Citi upgraded to Buy and added to Upside Catalyst Watch, expecting Macau gaming industry 3Q EBITDA to rise ~7% YoY despite late-September typhoon; 3Q GGR grew 12.5% YoY to MOP62.57B.
HK:0941.HK:China Mobile
• Morgan Stanley stays cautious on China telecoms into 3Q25/4Q25: AI-related growth may not offset weakness in traditional services; maintains Overweight on China Mobile.
HK:07747.HK:XL2CSOPSMSN
• Midday top ETF gainer: XL2CSOPSMSN +7.2% (HK$22.20).
HK:09747.HK:XL2CSOPSMSN-U
• US-listed counter +4.5% (US$2.816).
HK:07262.HK:FL2 CSOP NIKKEI
• Gained 3.6% to HK$107.45.
HK:07299.HK:FL2CSOPGOLD
• Rose 3.5% to HK$25.56.
HK:03179.HK:HGI ETH
• Advanced 3.1% to HK$9.78.
HK:3115.HK:Hang Seng Index (HSI)
• Rebounded 308 pts at midday as new-retail, healthcare platforms, and China insurers rallied; HSTI up 69 pts.
HK:1818.HK:Zhaojin Mining
• HSBC Research slightly lifted TP to HK$37.20; notes 3Q profit pressure.
HK:9618.HK:JD.com
• CMSI expects last-quarter food-delivery losses to narrow QoQ; keeps Overweight.
HK:0241.HK:Alibaba Health
• BofA Securities projects FY results to beat consensus; raises TP to HK$6.56.
US:PFE:Pfizer
• Said China’s biopharma sector is showing astonishing growth and urged greater US-China industry collaboration.
HK:1929.HK:Chow Tai Fook Jewellery
• Midday movers: shares up over 4%.
HK:0975.HK:Mongolian Mining
• Hit a new high among midday gainers.
HK:3323.HK:China National Building Material (CNBM)
• Also printed a new high at midday.
HK:1519.HK:J&T Global Express
• Daiwa upgraded to Buy; raised TP to HK$11.
HK:—:China Solar Sector
• Citi: potential new rules to strengthen PV output oversight seen as favorable for China solar names.
Hong Kong Heatmap: Big-Broker Calls, IPO Pop, and AI-Ecommerce Buzz — All the Movers in One Fast Read
HK:02318.HK:Ping An Insurance
Morgan Stanley expects 3Q operating profit after tax to rise 8.1% YoY.
HK:09618.HK:JD.com
UOB Kay Hian keeps Buy, saying 3Q revenue growth is likely to slow QoQ.
HK:03908.HK:CICC
CCBI lifts brokers’ target prices and names CICC as a top pick.
HK:06886.HK:Huatai Securities
CCBI’s broker review also lists HTSC among its top picks.
US:COPS:Copper
UBS raises copper price forecasts on potential supply tightening, boosting earnings and TPs for copper miners.
HK:09888.HK:Baidu
HSBC Research raises target price to $100.4 and maintains Hold.
HK:03115.HK:Hangseng Index
HSI snaps a 7-day losing streak with an early 400+ pt jump; jewellery names backed by Laopu Gold and China insurers lead.
HK:09988.HK:Alibaba Group
Tmall’s Double 11 campaign kicks off tonight at 8pm.
HK:09988.HK:Alibaba Group
UOB Kay Hian sees strong 2FQ AI Cloud growth and lifts TP to $203.
HK:01928.HK:Sands China
Goldman Sachs nudges 2025 GGR growth forecast down to 8% YoY but continues to favor Sands China.
HK:00027.HK:Galaxy Entertainment
Goldman Sachs also continues to favor Galaxy Entertainment alongside its sector view.
HK:03759.HK:Pharmaron
HSBC Research stays positive on Mainland CDMOs and recommends buying Pharmaron.
HK:02268.HK:WuXi XDC
HSBC Research’s CDMO call also includes a Buy recommendation on WuXi XDC.
HK:03115.HK:Hangseng Index
Geely and Pop Mart jump 4%+ as insurers surge, lifting the broader market.
HK:00683.HK:Kerry Properties
UOB Kay Hian upgrades to Buy while keeping Equalweight on CN/HK property sectors.
HK:09987.HK:Yum China
Goldman Sachs cuts TP to HKD413; expects 3Q sales to grow 4% YoY.
HK:02208.HK:Goldwind
Nomura initiates coverage with Buy and sets TP at $18.
HK:01910.HK:Samsonite
Daiwa sees 3Q revenue decline narrowing and raises TP to $16.
HK:01810.HK:Xiaomi
BOCI reiterates Buy; says the third handset model is poised to be a hit next year.
HK:06181.HK:Laopu Gold
JPMorgan names Laopu Gold its top China consumer pick and reiterates Overweight.
HK:02388.HK:BOC Hong Kong
Reports gold product trading volume doubled in the first nine months of 2025.
HK:02282.HK:MGM China
Citi expects 3Q EBITDA to grow 13% YoY and adds the stock to its Upside Catalyst Watch.
HK:03115.HK:Hangseng Index
Index opens up 273 pts as Alibaba, JD.com and chip names rally.
HK:02575.HK:XuanZhu Bio-B
Debuts up 154% at HK$29.46 on listing day.
Mainland China’s September CPI fell 0.3% YoY versus a 0.2% decline expected.
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