📈 Wall Street & Hong Kong Analysts Shake Up Ratings: Insurers, Tech, Autos & Casinos in Spotlight
HK:02628.HK:CHINA LIFE
Goldman Sachs cut China Life from Buy to Neutral, but raised its target price from HKD17.5 to HKD21.
HK:02318.HK:PING AN
Ping An kept at Buy by Goldman Sachs, with TP lifted from HKD51 to HKD58.
HK:02601.HK:CPIC
China Pacific Insurance (CPIC) stays Neutral at Goldman Sachs, TP up from HKD23.5 to HKD29.
HK:01336.HK:NCI
New China Life (NCI) remains Sell at Goldman Sachs, TP raised from HKD20.5 to HKD26.5.
HK:00966.HK:CHINA TAIPING
China Taiping remains Sell at Goldman Sachs, TP lifted from HKD9.7 to HKD11.8.
HK:01339.HK:PICC GROUP
PICC Group stays Neutral at Goldman Sachs, TP slightly increased from HKD5.3 to HKD5.8.
HK:02328.HK:PICC P&C
PICC Property & Casualty remains Buy at Goldman Sachs.
HK:00027.HK:GALAXY ENT
Goldman Sachs raised Galaxy Entertainment TP to HKD50.1 after 2Q25 EBITDA hit HKD3.6B (+8% QoQ). UOB Kay Hian also kept Buy, raising TP to HKD45.
HK:00700.HK:TENCENT
Soochow Securities reported Tencent saw HKD2.35B net inflows from Southbound funds last week, topping the buy list.
HK:09988.HK:BABA-W
Alibaba (BABA-W) followed with HKD1.388B net inflows from Southbound funds.
HK:01024.HK:KUAISHOU-W
Kuaishou-W received HKD965M net inflows and had Nomura raise TP to HKD86, expecting 17% YoY non-GAAP operating profit growth in 2Q.
HK:01088.HK:CHINA SHENHUA
China Shenhua saw HKD801M net inflows from Southbound funds.
HK:00981.HK:SMIC
SMIC netted HKD733M inflows from Southbound funds.
HK:02015.HK:LI AUTO-W
Li Auto-W gained HKD705M in Southbound inflows.
HK:00288.HK:WH GROUP
UBS lifted WH Group TP to HKD8.5, kept Buy, expecting 2Q25 sales +12% YoY and operating profit +4%, though net profit fell 8%.
HK:01810.HK:XIAOMI-W
JPMorgan kept Xiaomi-W Neutral, forecasting only 5% smartphone revenue growth in 2025; company appoints executives to drive African market expansion.
HK:00175.HK:GEELY AUTO
Deutsche Bank raised Geely Auto TP to HKD25, expecting Galaxy A7 monthly sales to exceed 10,000 units.
HK:00762.HK:CHINA UNICOM
UBS increased China Unicom TP to HKD11.6, kept Buy.
HK:00004.HK:WHARF HOLDINGS
HSBC kept Wharf Holdings at Hold, citing a lack of short-term catalysts for re-rating.
💹 Hong Kong Market Buzz: Casino Gains, Telco Targets, Food Giants, Tech Moves & Financial Flows
HK:00027.HK:GALAXY ENT
CICC raised Galaxy Entertainment target price to HKD44.8 after Capella Hotel performance exceeded expectations.
HK:00004.HK:WHARF HOLDINGS
Citi cut Wharf Holdings target price, maintained Sell, citing no expectation for increased shareholder returns.
HK:00762.HK:CHINA UNICOM
CLSA lifted China Unicom target price to HKD11 and kept Outperform rating.
HK:00288.HK:WH GROUP
BofA Securities raised WH Group target price to HKD8.5, projecting a healthy outlook for 2H25.
HK:02638.HK:HKELECTRIC-SS
HSBC increased HK Electric Investments TP to HKD7.2, expecting flattish dividends until 2028.
HK:01024.HK:KUAISHOU-W
UBS reiterated Buy for Kuaishou-W, noting market misunderstanding of its cooperation with Meituan-W.
HK:01024.HK:KUAISHOU-W
JPMorgan lifted Kuaishou-W TP to HKD88, optimistic on advertising and Kling AI growth in 2H25.
HK:01024.HK:KUAISHOU-W
Citi noted Kuaishou-W shares fell 9% YTD on concerns over food delivery service and Kling competition.
HK:01114.HK:BRILLIANCE CHI
Morgan Stanley raised Brilliance China Automotive TP to HKD3.4, maintained Equalweight.
HK:00203.HK:FIT HON TENG
Fit Hon Teng opened lower but rallied over 8% as 1H25 revenue grew more than 10%.
HK:00772.HK:CHINA LIT
China Literature jumped over 6% in early trading after brokers gave Buy ratings post-results.
HK:00288.HK:WH GROUP
WH Group rose 4.57% as interim net profit before biological fair value adjustments increased 4.5%, with dividend doubling.
🚀 Hong Kong & China Markets Surge: Tech Breakouts, Corporate Moves, Property Risks & Strategic Bets
HK:1698.HK:TME-SW
Tencent Music Entertainment (TME-SW) surged over 15% to break above HKD100, hitting a record high after 2Q non-IFRS net profit jumped 37.4% YoY.
HK:09988.HK:BABA-W
Alibaba (BABA-W) rose in early trading alongside the Hang Seng Index rally, buoyed by strong sentiment from TME-SW’s spike.
HK:09618.HK:JD-SW
JD.com (JD-SW) gained in early trading as tech stocks lifted the market.
HK:1208.HK:MMG
MMG opened 3% higher after reporting record-high 1H EBITDA.
HK:0293.HK:CATHAY PAC AIR
Cathay Pacific Airways said voluntary unpaid leave is a regular arrangement to give cabin crew more flexibility in work planning.
HK:1772.HK:GANFENGLITHIUM
Ganfeng Lithium established a new company in the industrial internet data business, according to reports.
HK:0005.HK:HSBC HOLDINGS
HSBC flagged 73% of Hong Kong commercial property loans as highly risky, according to wire reports.
HK:0493.HK:HKA
Hong Kong Airlines (HKA) reportedly asked foreign staff to take three months’ unpaid leave, saying it addresses work-life balance needs.
HK:0005.HK:HSBC HOLDINGS
HSBC Holdings repurchased about 3.72 million shares yesterday for approximately HKD373 million.
HK:00288.HK:WH GROUP
WH Group said it expects minimal impact from the US-China trade war on its operations.
HK:00762.HK:CHINA UNICOM
China Unicom stated investment may remain stable over the next 2–3 years as its network develops toward an “AI ecosystem.”
📊 Wall Street Hits Records, Hong Kong Earnings Wave, and Corporate Moves Across Tech, Property & Consumer Giants
US:DGT:Dow Jones Industrial Average
The Dow Jones Industrial Average jumped 483 points, while the S&P 500 and Nasdaq Composite each gained over 1%, closing at record highs.
HK:1698.HK:TME-SW
Tencent Music Entertainment (TME-SW) surged over 3% in pre-market trading after reporting a 37.4% YoY rise in 2Q non-IFRS net profit.
HK:0004.HK:WHARF HOLDINGS
Wharf Holdings chairman said lower interest rates will boost Hong Kong property demand and affirmed the advantages of its port assets.
HK:00288.HK:WH GROUP
WH Group posted a 4.5% increase in 1H net profit before biological fair value adjustments to US$725M, doubling its interim dividend to US$0.2.
HK:02638.HK:HKELECTRIC-SS
HK Electric Investments recorded a 5.7% rise in interim net profit to HKD1.001B, keeping distribution at HK15.94 cents per SSU.
HK:00762.HK:CHINA UNICOM
China Unicom ended 2Q with about 214M 5G subscribers, a net quarterly increase of 9.68M.
HK:00762.HK:CHINA UNICOM
For 1H, China Unicom reported a 5% YoY net profit increase to RMB14.484B, raising interim DPS to RMB28.41 cents.
HK:0268.HK:KINGDEE INT’L
UBS trimmed Kingdee International TP to HKD21.5 but noted its clear strategy to boost AI+SaaS subscription revenue growth.
HK:0772.HK:CHINA LIT
China Literature posted a 68.5% rise in interim net profit to RMB850M, with no dividend declared.
HK:00027.HK:GALAXY ENT
Morgan Stanley said Galaxy Entertainment’s interim dividend exceeded expectations though adjusted EBITDA missed forecasts.
HK:00027.HK:GALAXY ENT
UBS reiterated Buy on Galaxy Entertainment, highlighting the interim dividend as a positive surprise.
HK:01024.HK:KUAISHOU-W
Kuaishou-W fell over 9% as the Hang Seng Tech Index slipped, despite several Hong Kong-listed peers hitting new highs.
HK:02328.HK:PICC P&C
PICC Property & Casualty reached a new high during the session amid broader market gains.
HK:01088.HK:CHINA SHENHUA
China Shenhua also touched a new high as investor sentiment lifted energy shares.
HK:06618.HK:JD HEALTH
JD Health marked a fresh high in trading alongside select healthcare plays.
HK:1117.HK:CH MODERN D
China Modern Dairy shares rose to a new high during the session.
HK:1114.HK:BRILLIANCE CHI
Brilliance China Automotive hit a new high as the market saw rotation into auto stocks.
HK:03690.HK:MEITUAN-W
Meituan-W’s Keeta service reportedly expanded into Kuwait, Qatar, and other Middle Eastern cities.
HK:0656.HK:FOSUN INTL
Fosun International chairman Guo Guangchang reportedly met Hong Kong leaders and is preparing to apply for a HK stablecoin license.
HK:09618.HK:JD-SW
JD.com (JD-SW) announced it will reveal collaboration details with Kai Bo this Saturday.
📢 Chip Curbs, Tech Stock Swings & Analyst Calls Shake Up Hong Kong and China Markets
HK:09618.HK:JD-SW
JD.com CEO said the company will not participate in “malicious subsidies,” warning such tactics ultimately create a lose-lose outcome.
HK:0981.HK:SMIC
SMIC jumped over 4.5% as reports suggested Chinese firms may avoid using NVIDIA H20 chips.
HK:1347.HK:HUA HONG SEMI
Hua Hong Semiconductor also spiked more than 4.5% on the same chip avoidance news.
HK:0268.HK:KINGDEE INT’L
Morgan Stanley maintained Kingdee International as its top China software pick with a Buy rating.
HK:0268.HK:KINGDEE INT’L
Morgan Stanley set Kingdee International’s target price at HKD14.2, noting 1H results were largely in line.
HK:0551.HK:YUE YUEN IND
Jefferies cut Yue Yuen Industrial’s target price after its 2Q results missed market expectations.
HK:3813.HK:POU SHENG INT’L
Jefferies also slashed Pou Sheng International’s target price on weaker-than-expected 2Q performance.
HK:0191.HK:SAMSONITE
Morgan Stanley lowered Samsonite’s target price to HKD24, though it expects a smaller sales decline ahead.
HK:01024.HK:KUAISHOU-W
Kuaishou-W plunged 10% with heavy trading after reports it is preparing to launch a self-operated e-commerce business.
HK:0322.HK:TINGYI
BOCI kept a Buy rating on Tingyi after interim results came in line with forecasts.
HK:1478.HK:Q TECH
BOCI raised Q Technology’s target price to HKD16.4, maintaining its Buy stance.
HK:0035.HK:FE CONSORT INTL
Far East Consortium International and Chow Tai Fook Enterprises will seek a new manager for Australia’s QWB Resort and an extension of DBC’s debt facility.
📢 Chip Curbs, Tech Stock Swings & Analyst Calls Shake Up Hong Kong and China Markets
HK:09618.HK:JD-SW
JD.com CEO said the company will not participate in “malicious subsidies,” warning such tactics ultimately create a lose-lose outcome.
HK:0981.HK:SMIC
SMIC jumped over 4.5% as reports suggested Chinese firms may avoid using NVIDIA H20 chips.
HK:1347.HK:HUA HONG SEMI
Hua Hong Semiconductor also spiked more than 4.5% on the same chip avoidance news.
HK:0268.HK:KINGDEE INT’L
Morgan Stanley maintained Kingdee International as its top China software pick with a Buy rating.
HK:0268.HK:KINGDEE INT’L
Morgan Stanley set Kingdee International’s target price at HKD14.2, noting 1H results were largely in line.
HK:0551.HK:YUE YUEN IND
Jefferies cut Yue Yuen Industrial’s target price after its 2Q results missed market expectations.
HK:3813.HK:POU SHENG INT’L
Jefferies also slashed Pou Sheng International’s target price on weaker-than-expected 2Q performance.
HK:0191.HK:SAMSONITE
Morgan Stanley lowered Samsonite’s target price to HKD24, though it expects a smaller sales decline ahead.
HK:01024.HK:KUAISHOU-W
Kuaishou-W plunged 10% with heavy trading after reports it is preparing to launch a self-operated e-commerce business.
HK:0322.HK:TINGYI
BOCI kept a Buy rating on Tingyi after interim results came in line with forecasts.
HK:1478.HK:Q TECH
BOCI raised Q Technology’s target price to HKD16.4, maintaining its Buy stance.
HK:0035.HK:FE CONSORT INTL
Far East Consortium International and Chow Tai Fook Enterprises will seek a new manager for Australia’s QWB Resort and an extension of DBC’s debt facility.
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