HK:00941.HK:China Mobile
China Mobile reported RMB39.1 billion in R&D spending for 2025, achieving significant 6G breakthroughs, including leadership in four national technology projects and the development of ten landmark 6G technologies.

HK:07262.HK:FL2 CSOP Nikkei
FL2 CSOP Nikkei ETF jumped 7.5%, closing at HK$84.04, topping Hong Kong’s ETF gainers list.

HK:09311.HK:XI2 CSOPCOIN-U
XI2 CSOPCOIN-U ETF rose 6.4%, ending the session at US$0.992 amid robust investor demand.

HK:07311.HK:XI2 CSOPCOIN
XI2 CSOPCOIN gained 6.3%, finishing at HK$7.79, reflecting strength in digital asset-linked products.

HK:03150.HK:GX JP GL Leader
GX JP Global Leader ETF advanced 5.9% to close at HK$72.74.

HK:03410.HK:HS Japan TPX100
HS Japan TPX100 ETF climbed 4.7%, finishing at HK$5.51 as Japanese market exposure remained in favor.

HK:3115.HK:Hang Seng Index
The Hang Seng Index surged 283 points, or 1.1%, to 25,413 by midday, supported by gains in heavyweight tech names.

HK:00700.HK:Tencent
Tencent rose over 3%, closing at HK$546, driving the Hang Seng Index higher as tech stocks outperformed.

HK:03690.HK:Meituan
Meituan climbed 2.6% to HK$132.40, contributing to the midday market rally.

HK:02318.HK:Ping An Insurance
Ping An Insurance advanced 2.1% to HK$54.65 as financial stocks joined the session’s gains.

HK:09988.HK:Alibaba Group
Alibaba Group rose 1.8% to HK$120.10, buoyed by strong investor sentiment for Chinese tech leaders.

HK:01810.HK:Xiaomi
Xiaomi also participated in the rally, lifting market momentum among Hong Kong-listed tech firms.

HK:09888.HK:Baidu
Baidu benefited as one of the game developers approved by Chinese regulators in July, adding to tech sector strength.

HK:09999.HK:NetEase
NetEase saw positive trading momentum after regulatory approval of imported and domestic online game titles.

HK:02319.HK:MIXUE Group
BOCOMI highlighted MIXUE Group as a beneficiary of increased food delivery traffic driven by subsidy wars among platforms.

US:LKNCY:Luckin Coffee
Luckin Coffee was identified by BOCOMI as a catering sector beneficiary, supported by surging food delivery orders.

AI Market Recap: BeiGene Target Raised, Link REIT Steady, and Big Moves in Tech, Autos, and Property

HK:06160.HK:BeiGene
Bank of America Securities raised BeiGene’s target price to US$205.31, citing stable sales performance across Chinese biopharma stocks.

HK:0823.HK:Link REIT
JPMorgan reaffirmed its “Overweight” rating on Link REIT with a target price of HK$49, noting George Hongchoy’s retirement will have minimal operational impact.

HK:09999.HK:NetEase
CICC lifted NetEase’s target price to HK$263, forecasting a 20% surge in second-quarter non-GAAP net profit.

HK:1109.HK:China Resources Land
Bank of America Securities maintained optimism on China Resources Land despite weak 1H2025 property sector results, citing its resilience.

HK:0688.HK:China Overseas Land & Investment
Bank of America Securities highlighted China Overseas as a bright spot within the Chinese property sector, expecting recovery despite near-term weakness.

HK:1908.HK:C&D International Group
Bank of America Securities remains positive on C&D International Group as it raises HK$1 billion via a top-up share placement at an 8.9% discount, despite shares opening 7% lower.

HK:1816.HK:CGN Power
Daiwa raised CGN Power’s target price to HK$3.30, citing a positive outlook for nuclear power development.

HK:1038.HK:CKI Holdings
CKI Holdings confirmed negotiations are ongoing regarding its sale of UK rail assets, with no final decision yet.

HK:01928.HK:Sands China
Sands China’s shopping carnival drew 110,000 visitors over three days, underscoring its strength in Macau’s retail tourism sector.

HK:09866.HK:Nio (NIO-SW)
Nio surged over 8% as its Onvo L90 began dynamic test drives, boosting investor confidence.

HK:09618.HK:JD-SW (JD.com)
JD.com received around 7,000 applications for its Dish Partner Program, signaling strong engagement with its food services initiative.

HK:2269.HK:WuXi XDC
WuXi XDC opened 9% higher as it projected first-half net profit growth exceeding 50%, fueling bullish sentiment.

JP:7203.JP:Toyota Motor
Toyota shares jumped 10% as the U.S. reduced tariffs on Japanese imported cars to 15%, benefiting automakers.

HK:0522.HK:ASMPT
ASMPT’s interim net profit dropped 31.8% to HK$215 million, with a declared interim dividend of HK26 cents.

HK:0005.HK:HSBC Holdings
HSBC repurchased 4.85 million shares worth HK$485 million, signaling continued shareholder return efforts.

HK:09988.HK:Alibaba Group
Alibaba unveiled its Qwen3-Coder, its most advanced code-generation AI model to date, bolstering its tech credentials.

HK:03690.HK:Meituan
Meituan launched its “Ten Thousand Brands” initiative under PinHaoFan, reinforcing its e-commerce ecosystem expansion.

HK:0001.HK:Ele.me (via Zhengzhou probe)
Zhengzhou’s market watchdog held administrative talks with Ele.me, Meituan, and JD.com regarding competitive practices in food delivery.

HK:0002.HK:JD.com (via Zhengzhou probe)
JD.com was also called in by regulators in Zhengzhou over competition concerns, alongside Ele.me and Meituan.

HK:0003.HK:DuPont China
China’s SAMR suspended its anti-monopoly investigation into DuPont China, easing regulatory pressures on the company.

HK:300760.HK:Mindray Bio-Medical
Mindray Bio-Medical is reportedly considering a US$1 billion secondary listing in Hong Kong to expand its capital base.

HK:0007.HK:Baidu
Baidu was among the companies with online game titles approved by regulators in July, supporting its gaming business momentum.

HK:09999.HK:NetEase (second mention)
NetEase also had multiple game titles approved, bolstering its entertainment portfolio and revenue prospects.

HK:0020.HK:SenseTime
SenseTime is reportedly forming a core team to enter the embodied AI sector, marking a strategic expansion beyond its core AI business.

Chinese and Singapore Markets Gain Momentum as MAS Liquidity Boost and Tech Rally Drive Investor Optimism

HongKong:3115.HK:Hang Seng Index
The Hang Seng Index surged 1% as easing Sino-American trade tensions and heavyweight tech gains pushed the Hang Seng China Enterprises Index toward its highest close since November 2021, marking a 26% year-to-date gain.

HK:00700.HK:Tencent Holdings
Tencent Holdings was a top gainer, driving the Hang Seng China Enterprises Index higher with strong buying interest amid renewed optimism in the tech sector.

HK:03690.HK:Meituan
Meituan shares climbed alongside Tencent as the tech-heavy Hang Seng China Enterprises Index advanced 1.2%, continuing a sharp recovery from April’s tariff-driven turmoil.

US:DGT:Dow Jones Industrial Average
US Treasury Secretary Scott Bessent confirmed trade talks with Chinese officials will resume in Stockholm, lifting sentiment on Chinese stocks listed in Hong Kong.

SGX:S68.SI:Singapore Exchange (SGX)
The Singapore Exchange market rebounded sharply, posting its strongest rally since the pandemic despite a slowdown in IPO activity. Derivatives and FX have become SGX’s main growth drivers since 2015.

SGX:NTTDC:NTT DC REIT
NTT DC REIT, listed in July at US$1 per unit, offers a 7.5% yield but has slipped below its IPO price despite stabilisation efforts, with its six data centre portfolio spanning the US, Austria, and Singapore.

SGX:DCRU:Digital Core REIT
Digital Core REIT, backed by Digital Realty, remains a key data centre REIT on SGX, benefiting from sponsor credibility and global diversification.

SGX:DHLT:Daiwa House Logistics Trust
Daiwa House Logistics Trust, backed by Daiwa House Industry, is seen by analysts as an example of a REIT with reputable sponsorship and diversified assets, aligning with investor preferences.

SGX:BTOU:Manulife US REIT
Manulife US REIT suspended distributions during the pandemic, as rising interest rates, tenant incentives, and capitalisation pressures hurt S-REITs with US office assets.

SGX:KORE:Keppel Pacific Oak US REIT
Keppel Pacific Oak US REIT suspended distributions alongside peers, facing similar pressures from higher costs and weak US office demand.

SGX:PRIME:Prime US REIT
Prime US REIT saw distributions cut, reflecting continued challenges in US office assets despite some recovery expectations into 2026.

SGX:EH-REIT:Eagle Hospitality Trust
Eagle Hospitality Trust’s collapse was highlighted as former CEO Salvatore Takoushian faced MAS charges for failing to disclose security deposit shortfalls, which triggered a loan default.

SGX:SSREIT:Sabana Industrial REIT
Sabana Industrial REIT faces escalating costs from an activist-driven internalisation push, with $11.88 million already spent, roughly 10% of FY2025 distributable income.

SGX:CLI:CapitaLand Investment
CapitaLand Investment, sponsor of multiple CapitaLand REITs, said activist threats like Sabana’s case are unlikely to succeed due to scale, and confirmed its continued 20% stakes in its sponsored REITs.

SGX:C38U.SI:CapitaLand Integrated Commercial Trust
CapitaLand Integrated Commercial Trust, Singapore’s largest REIT with over $26 billion in assets, remains a core dividend play despite yields below 5% following a price rally.

SGX:A17U.SI:CapitaLand Ascendas REIT
CapitaLand Ascendas REIT, with a $12.7 billion market cap, continues to benefit from investor interest despite sector headwinds.

SGX:HMN.SI:CapitaLand Ascott Trust
CapitaLand Ascott Trust, valued at $3.4 billion, remains a stable hospitality-linked REIT in the S-REIT market.

SGX:AU8U.SI:CapitaLand China Trust
CapitaLand China Trust, with $1.33 billion in assets, holds a modest yield as it navigates slower mainland growth.

SGX:CY6U.SI:CapitaLand India Trust
CapitaLand India Trust, at $1.54 billion market cap, offers regional diversification for income-focused investors.

SGX:OU8.SI:Centurion Corporation
Centurion Corporation is preparing to IPO an accommodation REIT, positioning itself as the next new entrant to Singapore’s REIT market.

SGX:M44U.SI:Mapletree Investments
Mapletree Investments may spin off its student accommodation assets into a REIT, potentially expanding Singapore’s PBSA investment space.

SGX:C52.SI:ComfortDelGro
ComfortDelGro, while range-bound at $1.47, is flagged as a potential beneficiary of MAS-backed equity fund strategies, offering a stable dividend yield above 4% and a possible 21–39% long-term upside if it breaks out.

SGX:AEM:AEM Holdings
AEM Holdings is among analysts’ picks to benefit from MAS’s $5 billion equity programme, thanks to its semiconductor sector exposure.

SGX:MZH.SI:Nanofilm Technologies
Nanofilm Technologies is expected to gain liquidity and investor attention from MAS-driven funds focused on small and mid-cap growth plays.

SGX:S58.SI:SATS
SATS is projected to benefit from MAS’s equity initiative as institutional buying supports undervalued local champions with strong governance.

SGX:S59.SI:SIA Engineering
SIA Engineering reported a 29% rise in quarterly net profit to S$42.9 million and secured S$1.3 billion in new maintenance agreements with Singapore Airlines and Scoot, supporting continued demand for MRO services.

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