📉 Wall Street Pauses as Tech Slumps; Tariffs & Global Trade Tensions Weigh
US:S27.SI:S&P 500
US:QQQ:Nasdaq Composite
US:DGT:Dow Jones Industrial Average
The S&P 500 dropped 0.59% to 6,411.37, while the Nasdaq Composite slid 1.46% to 21,314.95. The Dow Jones Industrial Average inched higher by 0.02% to 44,922.27, touching a record during the session.
US:NVDA:Nvidia
US:AMD:Advanced Micro Devices
US:AVGO:Broadcom
US:PLTR:Palantir
US:TSLA:Tesla
US:META:Meta Platforms
US:NFLX:Netflix
Tech stocks dragged the market lower. Nvidia tumbled 3.5%, AMD fell 5.4%, and Broadcom lost 3.6%. Palantir sank over 9%, making it the S&P 500’s worst performer. Other big names — Tesla, Meta Platforms, and Netflix — also came under pressure.
US:HD:Home Depot
Home Depot shares gained 3% after reaffirming full-year guidance despite missing Q2 earnings expectations. Investors now await earnings from Lowe’s, Walmart, and Target later this week for more clues on consumer resilience.
US:AMZN:Amazon
Amazon got a boost after Loop Capital raised its price target to $300 from $290, citing cloud growth potential. Shares, which closed at $231.49 on Monday, are already up 6% in 2025.
US:UCO:Oil
US:BTC:Bitcoin
US:COPS:Copper
Markets brace for Fed Chair Jerome Powell’s Jackson Hole speech on Friday. Traders see an 85% chance of a September rate cut, according to CME’s FedWatch tool.
US:EWZ:iShares MSCI Brazil ETF
Brazil’s benchmark iShares MSCI Brazil ETF (EWZ) slumped 2.2%, marking its worst day in over a month.
HK:3115.HK:Hang Seng Index
JP:NI225: Nikkei 225 (Japan)
AU:ASX200: S&P/ASX 200 (Australia)
Asia-Pacific futures point lower. Japan’s Nikkei 225, Hong Kong’s Hang Seng Index, and Australia’s ASX 200 are all set for weaker opens, following Wall Street declines.
US:Steel:Steel Tariffs (Trump Policy)
President Donald Trump expanded 50% tariffs on steel and aluminum to cover 407 more product types, including machinery and chemicals. Economists warned the move could further strain supply chains and consumers.
JP:AutoExports:Japanese Automobile Sector
Japan’s exports slid 2.6% in July, their steepest drop since February 2021. Autos, its largest export to the U.S., are now subject to reduced 15% tariffs after a deal with Washington. Economists warn this tariff shift could push Japan toward recession.
US:LZB:La-Z-Boy
La-Z-Boy plunged more than 21% after posting weaker-than-expected earnings of $0.47 per share, missing forecasts of $0.53.
US:TOL:Toll Brothers
Toll Brothers fell 1.6% despite beating both earnings and revenue expectations, reporting $3.73 per share on $2.88 billion in sales.
📊 Bursa Malaysia Roundup: Corporate Moves, Earnings & Market Shifts
KL:SRIDGE:Silver Ridge Holdings
Silver Ridge Holdings Bhd’s Cyberjaya data centre project has collapsed after its joint venture partner, Selangor Industrial Corporation (SIC), a PKNS unit, withdrew, citing failure to secure lease approvals and board consent for the eight-acre site.
KL:KNM:KNM Group
KNM Group Bhd unveiled a regularisation plan to exit PN17, including the €270m (RM1.3b) sale of Deutsche KNM GmbH (owner of Borsig GmbH), a capital reduction to RM275.97m, and a 4-to-1 share consolidation.
KL:PESTEC:Pestec International
Pestec International Bhd slipped into PN17 status after shareholders’ equity fell to 50% or less of issued capital. The firm is seeking a waiver, citing ongoing capital-strengthening measures.
KL:FAREAST:Far East Holdings
Far East Holdings Bhd reported a 3% drop in 2QFY2025 net profit to RM49.99m due to higher expenses, though revenue surged 34% y-o-y to RM242.39m. A six sen dividend was declared.
KL:TEOSENG:Teo Seng Capital
Teo Seng Capital Bhd posted a 60% y-o-y jump in 2QFY2025 net profit to RM42.1m, supported by government egg subsidies. Revenue, however, fell 7.4% to RM171.38m. Dividend: 1.5 sen per share.
KL:SAM:SAM Engineering & Equipment
SAM Engineering & Equipment (M) Bhd’s 1QFY2026 net profit rose 60.3% y-o-y to RM16.2m on stronger aerospace and equipment sales. Revenue gained 10.9% to RM369.6m. No dividend declared.
KL:SMRT:SMRT Holdings
SMRT Holdings Bhd’s 4QFY2025 profit jumped 28.5% y-o-y to RM7.16m, thanks to lower administrative costs and fully profitable Philippines operations. Revenue dipped 2.8% to RM17.3m. No dividend declared.
KL:STAR:Star Media Group
Star Media Group Bhd slipped into the red with a RM231k net loss in 2QFY2025, versus RM7.49m profit a year earlier, as revenue fell 30.5% to RM51.5m. No dividend declared.
KL:SHANG:Shangri-La Hotels (Malaysia)
Shangri-La Hotels (Malaysia) Bhd saw 2QFY2025 profit more than double y-o-y to RM4.34m, led by better results from Shangri-La KL and Rasa Sayang Resort. Revenue eased 1% to RM115.46m. Dividend: three sen per share.
KL:AVANGAAD:Avangaad
Avangaad Bhd’s 2QFY2025 profit plummeted 93.6% to RM6.03m, without last year’s RM150.64m one-off debt waiver gain. Revenue rose 5.5% to RM32.27m, lifted by higher charter rates for fast crew boats.
KL:UNIWALL:Uni Wall APS Holdings
Uni Wall APS Holdings Bhd proposed shifting its listing from the LEAP Market to the ACE Market, alongside a planned public share offering to broaden investor access.
KL:KPSCB:KPS Consortium
KPS Consortium Bhd is acquiring 4.04 acres of industrial land with a factory in Pulau Indah, Klang, for RM30m (about RM170 psf), to be used for its operations.
📈 Hong Kong Market Highlights: Xiaomi, Fuyao & Tencent Drive Action
HK:03606.HK:Fuyao Glass
Fuyao Glass reported a 37.3% jump in interim net profit to RMB4.8b on revenue of RMB21.45b (+16.9% YoY). EPS hit RMB1.84, and the firm declared an interim dividend of RMB0.9 per share.
HK:01810.HK:Xiaomi
Xiaomi-W posted a stellar performance with interim net profit soaring 146% YoY to RMB22.83b, while turnover surged 38.2% to RMB227.25b. EPS stood at RMB0.9. No dividend was announced. For 2Q alone, profit rocketed 133.5% YoY to RMB11.9b.
HK:00700.HK:Tencent
Tencent repurchased 932,000 shares for HK$550m at HK$583–596.5 apiece. Since May, Tencent has bought back 39.33m shares, or ~0.43% of issued capital.
HK:03988.HK:Bank of China
Bank of China completed the issuance of RMB50b four-year non-capital bonds at a 1.93% coupon rate. Net proceeds will be used for general corporate purposes.
HK:09868.HK:Xpeng
Xpeng-W narrowed its interim net loss to RMB1.14b, from RMB2.65b a year ago, as revenues more than doubled to RMB34.1b (+132.5%). Its 2Q non-GAAP net loss also shrank to RMB385m. US-listed ADRs edged up 0.5% in pre-market trading.
HK:09992.HK:Pop Mart
Pop Mart’s interim profit rocketed nearly 400% YoY to RMB4.57b, underscoring a sharp turnaround in performance.
HK:01797.HK:East Buy
East Buy plunged 21% after confirming it had initiated police and legal proceedings against market rumors.
HK:09901.HK:New Oriental-S
New Oriental-S denied speculation that its CEO was under investigation, with founder rebuffing the claims as baseless rumors.
HK:1238.HK:Powerlong
Powerlong warned its interim loss could widen to as much as RMB2.9b, citing ongoing sector headwinds.
HK:0116.HK:Chow Sang Sang
Chow Sang Sang forecast interim profit from continuing operations between HK$900m–920m, signaling a strong earnings rebound.
HK:02858.HK:Yixin
Yixin reported a 33.9% YoY rise in interim net profit to RMB549m.
HK:01833.HK:Ping An Good Doctor
Ping An Good Doctor saw 1H net profit surge 136.8% YoY to RMB134m, with adjusted net profit up 83.6%.
HK:6699.HK:SICC (IPO)
SICC debuted strongly in the gray market, opening up 17.8% to HK$50.4, reflecting robust demand ahead of official listing.
HK:0291.HK:China Resources Beer
China Resources Beer gained after Citi noted strong performance across beer metrics and no goodwill impairment in its baijiu business.
HK:2314.HK:Leeapmotor
HK:0867.HK:Zhongan Sheng Hldg
HK:3692.HK:Hansoh Pharma
HK:1860.HK:Mobvista
HK:1799.HK:Johnson Electric
HSI ended down 53 points at 25,122, while HSTI slipped 37 points to 5,542. Market turnover rose, with China Res Beer, Leapmotor, Mobvista, Johnson Electric, and Hansoh Pharma hitting fresh highs.
🚨 Hong Kong Market Wrap: Big Moves in Beer, Tech & Autos
HK:9863.HK:Leapmotor
Leapmotor surged over 7% to a record high as it reported a 1H turnaround. Brokers lifted sales forecasts and target prices.
HK:1299.HK:AIA
Brokers expect AIA’s interim new business value (NBV) to rise more than 16% YoY, with focus on its Hong Kong and China strategies. Multiple research houses also updated ratings and target prices.
HK:0291.HK:China Resources Beer
China Resources Beer expects little impact from China’s anti-food waste policy and will launch mid-priced liquor this year.
Separately, the brewer’s interim net profit climbed 23% YoY to RMB5.79b with DPS lifted to RMB0.464, sending shares up over 5%.
Goldman Sachs highlighted gross profit margin hitting a record 48.9%, while Morgan Stanley said recurring EBIT was in line but margins beat.
HK:01797.HK:East Buy
East Buy plunged 20% near market close amid heavy trading, erasing earlier gains.
US:NVDA:Nvidia
Reports suggest Nvidia is developing a more advanced AI chip for China than its H20 model, as demand for compliant high-performance semiconductors grows.
HK:09992.HK:Pop Mart
Pop Mart received a target price hike from CLSA to HK$318 with an “Outperform” rating, following strong interim profit momentum.
HK:6996.HK:Skb Bio-B
Skb Bio-B’s target price was raised by CLSA to HK$500.6, reaffirming an “Outperform” rating.
HK:0780.HK:Tongcheng Travel
Tongcheng Travel had its TP trimmed by Macquarie to HK$24.2 after in-line 2Q results.
HK:0241.HK:Ali Health
Ali Health was upgraded by Macquarie to “Outperform,” with TP lifted to HK$6.78, citing improving fundamentals.
HK:2282.HK:MGM China
HK:0027.HK:Galaxy Entertainment
HSBC Research expects Macau’s August gross gaming revenue (GGR) to rise up to 15%. MGM China and Galaxy Entertainment rated “Buy.”
HK:1177.HK:Sino Biopharm
Sino Biopharm dropped over 6% in midday trade, dragging healthcare shares, even as East Buy spiked 10%.
📊 Indexes:
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HSI closed midday at 25,224 (+48 pts).
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HSTI rose 5 pts to 5,584.
Top movers: Zhongsheng Holdings +7%, while Hansoh Pharma, Mobvista, Legend Holding, Nagacorp, and JF Smartinvest hit fresh highs.
📌 Hong Kong & Global Market Research Highlights (Aug 19)
HK:0001.HK:CK Asset
CLSA raised CK Asset’s target price to HK$34.1 but kept a “Hold” rating.
HK:9863.HK:Leapmotor
Brokerages boosted forecasts for Leapmotor:
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BofA Securities raised TP to HK$90.
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Citi lifted TP to HK$100 and placed the stock on a 90-day upside catalyst watch.
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CLSA hiked TP to HK$80, citing a strong product cycle.
HK:1299.HK:AIA
Analysts expect AIA’s interim NBV to rise 16%+ YoY, with focus on Hong Kong and China business strategies.
HK:0291.HK:China Resources Beer
Goldman Sachs said interim NP and margins beat, GPM hit 48.9% record.
Morgan Stanley found sales & EBIT in line, with margin strength.
The company also reaffirmed limited impact from anti-food waste policy.
HK:01797.HK:East Buy
East Buy jumped nearly 10% to a 2.5-year high, fueled by southbound capital flows, marking a 3x rally in just 1.5 months.
US:NVDA:Nvidia
Morgan Stanley raised its target price for Nvidia to US$206, expecting strong 2FQ results.
Separately, reports suggest Nvidia is developing a more advanced AI chip for China than its H20 model.
HK:03988.HK:Bank of China
HK:1398.HK:ICBC
JPMorgan reiterated a bullish stance on Chinese banks, naming Bank of China and ICBC as top picks among H-shares.
HK:1177.HK:Sino Biopharm
Nomura lifted Sino Biopharm’s TP to HK$9.17 after interim results came broadly in line.
HK:1928.HK:Sands China
HK:2282.HK:MGM China
HK:0027.HK:Galaxy Entertainment
Brokers revised up Macau GGR forecasts for August:
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HSBC expects MOP21.6–22.7b, reaffirming Buy ratings on MGM China & Galaxy Entertainment.
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Citi raised forecast to MOP21.75b.
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JPMorgan also sees ~MOP22b.
HK:1972.HK:Swire Properties
HK:0101.HK:Hang Lung Properties
HK:0199.HK:Wharf REIC
HK:0823.HK:Link REIT
HK:0012.HK:Henderson Land
HK:0083.HK:Sino Land
JPMorgan expects 1M HIBOR to remain in the 2–3% range and favors HK property names: Swire Properties, Hang Lung Properties, Wharf REIC, Link REIT, Henderson Land, and Sino Land.
🏦 HIBOR:
1-month HIBOR climbed for the 5th straight day to 2.57%, a 1-month high. Goldman Sachs noted the rise was in line, and kept HSBC Holdings the only “Buy” among HK banks.
💹 Hong Kong & Global Market Research Roundup (Aug 19, AM)
🏦 HIBOR / Banks
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1M HIBOR climbed to 2.57%, rising for 5 straight days to a 1-month high.
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Goldman Sachs: HIBOR hike in line; only HSBC Holdings (HK:0005.HK:HSBC Holdings) rated “Buy” among banks.
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JPMorgan: 1M HIBOR to stay in 2–3% range; favors Swire Properties (HK:1972.HK), Hang Lung Properties (HK:0101.HK), Wharf REIC (HK:1997.HK), Link REIT (HK:0823.HK), Henderson Land (HK:0012.HK), and Sino Land (HK:0083.HK).
HK:9863.HK:Leapmotor
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BofA Securities raised TP to HK$90, boosting sales & profit forecasts.
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Citi lifted TP to HK$100; put stock on a 90-day upside catalyst watch.
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CLSA hiked TP to HK$80, citing strong product cycle and improving profitability.
HK:9961.HK:Trip.com
🎰 Macau Casinos
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HSBC Research: Macau Aug GGR forecast MOP21.6–22.7b; recommends MGM China (HK:2282.HK) & Galaxy Entertainment (HK:0027.HK).
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Citi: raised GGR forecast to MOP21.75b.
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JPMorgan: expects Aug GGR to reach MOP22b.
HK:1113.HK:CK Asset
HK:01797.HK:East Buy
HK:1177.HK:Sino Biopharm
US:NVDA:Nvidia
CN:Banking Sector
📱 China Tech Policy
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Shanghai to push smart consumer terminal upgrades (AI computers, AR glasses, smartphones), signaling support for domestic innovation.
🌏 Hong Kong Morning Market Briefing (Aug 19)
HK:9863.HK:Leapmotor
BofA Securities lifted TP to HK$90, Citi raised TP to HK$100 with a 90-day catalyst watch, and CLSA pushed TP to HK$80, all citing stronger sales momentum.
HK:01797.HK:East Buy
East Buy rallied nearly 10% to a 2.5-year high, fueled by southbound flows, tripling in value over 1.5 months.
HK:1177.HK:Sino Biopharm
Shares fell ~5% post-results. Nomura said interim results were in line, while Citi raised TP to HK$10.5 (“Buy”). Nomura also lifted TP to HK$9.17.
HK:0780.HK:Tongcheng Travel
Shares opened up 4.2% after results. HSBC upgraded to “Buy,” raising TP to HK$24, while Citi raised TP to HK$28.
HK:0001.HK:CK Asset
CLSA lifted TP to HK$34.1 (“Hold”). Chairman Justin Chiu called Hong Kong the “top investment pick” and said CK Asset is willing to assist peers with short-term liquidity issues.
HK:0005.HK:HSBC Holdings
Goldman Sachs kept HSBC as the only “Buy” among HK banks. HSBC repurchased ~5.59m shares worth HK$552m.
HK:3690.HK:Meituan / HK:1357.HK:Meitu
Meitu announced a collaboration with Alibaba (HK:9988.HK:BABA-SW) to enhance AI and technology complementarity.
HK:0052.HK:Ascletis-B
Ascletis-B dropped ~10% after raising HK$470m via discounted top-up placement.
HK:0066.HK:MTR Corporation
MTR Corporation is arranging a HK$23b green syndicated loan, underscoring its funding diversification strategy.
HK:JD-SW:9618.HK:JD.com-SW
JD.com-SW said it now provides full social insurance and housing fund coverage to 150,000 full-time food delivery riders.
HK:3690.HK:Qwen (Alibaba unit)
Qwen launched a new all-around image editing model, Qwen-Image-Edit, enhancing its AI product ecosystem.
IPO Watch
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Shein is reportedly considering re-domiciling to China to pave the way for a Hong Kong IPO.
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Luxshare Precision (002475.SZ) submitted an H-share IPO application.
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Shuangdeng margin subscription oversubscribed by ~263x.
HK:09868.HK:Xpeng
Xpeng-W secured a RMB10b credit line from CITIC Bank (HK:0998.HK), boosting financial flexibility.
CN:1211.HK:BYD
BYD urged avoidance of unnecessary online disputes, stressing healthy competition is key for NEV industry growth.
🌍 Macro & Policy
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Global NEV sales jumped 30% YoY in 2Q25.
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China to roll out a personal consumer loan interest subsidy policy in September, with rates above 3%.
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Premier Li Qiang said China will continue to stimulate consumption, expand investment, and stabilize property markets.
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HKMA reminded banks to prepare early for possible T+1 settlement.
📊 Hong Kong Market Digest – August 19, 2025
🏦 Rates & Banking
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HIBOR: 1M HIBOR rose to 2.57%, its 5th consecutive daily increase, reaching a 1-month high.
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Goldman Sachs: Said the hike was in line, with HSBC Holdings (0005.HK) the only “Buy” among HK banks.
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JPMorgan: Sees 1M HIBOR staying in the 2–3% range, favors property/reit plays: Swire Properties, Hang Lung PPT, Wharf REIC, Link REIT, Henderson Land, Sino Land.
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CN Banks: JPM expects an 8% rally in 2H25 with improved profits; continues to favor BOC & ICBC among H-shares.
🎰 Macau Gaming
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HSBC Research: Expects Aug GGR at MOP21.6–22.7B, recommends MGM China & Galaxy Ent.
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Citi: Raised Aug GGR forecast to MOP21.75B.
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JPMorgan: Still sees Aug GGR at MOP22B.
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Casino ratings updated in HSBC’s sector note (details in tables).
🚗 Autos & NEV
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Leapmotor (9863.HK):
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BofA raised TP to HK$90 (higher sales & profit forecast).
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Citi lifted TP to HK$100, adding a 90-day upside catalyst watch.
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CLSA raised TP to HK$80, citing strong product cycle.
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Geely Auto (0175.HK): HSBC raised TP to HK$30 with a “Buy,” sees earnings growth momentum into 2H.
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Xpeng (9868.HK): Secured RMB10B credit line from CITIC Bank.
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BYD (1211.HK): Called for avoiding online disputes, urging focus on healthy industry competition.
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Global NEV sales rose 30% YoY in 2Q25.
🧪 Healthcare & Pharma
🌐 Tech & AI
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Trip.com-S (9961.HK): Goldman Sachs maintained “Buy” but cut TP to HK$28.4.
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China Unicom (0762.HK): Goldman Sachs reiterated “Buy,” citing strong dividend growth.
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Meitu (1357.HK): Announced collaboration with Alibaba (9988.HK) to enhance AI and tech synergy.
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Qwen (Alibaba AI unit): Launched new image editing model Qwen-Image-Edit, expanding AI toolkit.
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NVIDIA (NVDA.US): Morgan Stanley lifted TP to US$206, expects strong 2FQ results.
🏘️ Property & REITs
🚀 Market Movers
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East Buy (1797.HK): Jumped ~10% to a 2.5-yr high, up 3x in 1.5 months on southbound flows.
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Tongcheng Travel (0780.HK):
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HSBC Holdings (0005.HK): Repurchased 5.59m shares (~HK$552m) yesterday.
📈 IPO & Fundraising
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Shein: Reportedly considering re-domiciling to China to pave way for HK IPO.
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Luxshare Precision (002475.SZ): Submitted H-share IPO application.
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Shuangdeng: Margin oversubscribed ~263x.
🌍 Macro & Policy
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China: To launch consumer loan subsidy policy in Sep, though rates will remain above 3%.
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Premier Li Qiang: Reaffirmed focus on stimulating consumption, boosting investment, and stabilizing property markets.
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Shanghai: To promote upgrades in AI devices, smart glasses, handsets, AI PCs.
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HKMA: Urged banks to prepare for possible T+1 settlement.
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HKO: Issued Amber Rainstorm Warning Signal in the morning.
🌍 Markets Surge on Peace Hopes, REITs Raise Billions, Oil Slips, and Property Giants Expand
Europe: Stoxx 600 Rises, Defence Stocks Slide
EU:STOXX600:STOXX Europe 600 Index
European stocks hit a five-month high as optimism grew over possible peace talks between the US, Ukraine, and Russia. The Stoxx 600 Index rose 0.7%. However, defence stocks tumbled: Leonardo (BIT:LDO.MI) fell 10.2%, Hensoldt (ETR:HAG.F) dropped 9.5%, Renk Group (ETR:RENK.F) lost 8.3%, and Rheinmetall (ETR:RHM.F) declined 4.9%.
Luxury and consumer discretionary shares advanced, led by Moncler (BIT:MONC.MI) up 4.9% and Burberry (LSE:BRBY.L) up 5.1%. Meanwhile, JD Sports (LSE:JD.L) jumped 6.9% after Deutsche Bank upgraded its price target.
SGX:C38U.SI:CapitaLand Integrated Commercial Trust (CICT)
SGX:9CI.SI:CapitaLand Investment (CLI)
CICT raised S$600 million through a private placement to acquire the remaining 55% stake in CapitaSpring’s commercial component. The deal values the property at S$1.9 billion. While the fundraising was successful, questions arose about hefty acquisition fees paid to managers.
Parent company CapitaLand Investment (CLI), which manages CICT, will benefit from recurring management fees even as critics call for lower transaction-linked charges.
US:UCO:Crude Oil ETF
US:WTI:West Texas Intermediate
Oil prices fell on hopes of eased sanctions if Ukraine peace talks advance. Brent crude settled at US$65.79 (-1.22%) while WTI crude closed at US$62.35 (-1.69%). Analysts warn of volatility if talks falter.
SGX:U14.SI:UOL Group
SGX:U06.SI:Singapore Land Group
Property giant UOL surged 39% YTD, hitting S$7.30 recently. The developer launched multiple successful residential projects including Watten House, Meyer Blue, and Parktown Residences.
Subsidiary Singapore Land Group (SingLand) is redeveloping key CBD assets like Clifford Centre and potentially Marina Square, expected to unlock billions in value. Analysts remain bullish with DBS setting a target price of S$8.50.
SGX:AIY.SI:iFast Corp
iFast plunged 8.5% after major shareholder CP Invest (part of Temasek’s Cuscaden Peak) cut its stake from 9.6% to 4.9%, selling 14.4 million shares worth S$130.9 million. Despite the sell-off, analysts still rate iFast a “Buy,” citing strong Q2 results and Malaysian regulatory approval for its e-money unit.
HK:9992.HK:Pop Mart International Group
Pop Mart reported 204% revenue growth to 13.88 billion yuan and 397% net income growth, driven by surging global demand for its viral Labubu dolls. Shares have soared 213% this year, as the company expands aggressively overseas with plans for 100 new outlets in 2025.
US:SPGI:S&P Global
S&P Global Ratings affirmed the US’s AA+ rating, citing tariff revenues as a buffer against fiscal pressures from President Trump’s tax and spending plans. Tariff revenues hit a record US$28 billion in July. Despite optimism, analysts warn that debt-to-GDP will surpass 100% in coming years.
SGX:G07.SI:Great Eastern Holdings (GEH)
SGX:O39.SI:Oversea-Chinese Banking Corp (OCBC)
Great Eastern Holdings (GEH) issued nearly 30 million bonus shares and 444 million non-voting Class C shares to restore free float after delisting plans fell through. Majority shareholder OCBC’s stake will dilute from 93.7% to 88.2%. GEH resumes trading on Aug 21 with an expanded share base.
China Medical System Holdings Limited Interim Results H1 2025: Turnover Up 10.8%, Profit Rises 3.1%, Declares Interim Dividend of RMB0.1555 Per Share 144.
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