Singapore Property Duel and Oil Prices Slump on Opec+ Talks

SGX:5IC.SI:Sing Holdings
KL:5211.KL:Sunway Developments
Sing Holdings and Sunway Developments defended their turf near Lorong Chuan MRT, bidding S$623.91 million for a second Chuan Grove residential site. The joint venture already won an adjacent plot in July, and CEO Lee Sze Hao said they plan to amalgamate both parcels into a single 1,055-unit project across five blocks. Analysts described the tender as healthy, though the second site drew fewer bids than the first.

HK:0688.HK:China Overseas Land & Investment
China Overseas Land & Investment placed the second-highest bid for the same Chuan Grove plot at S$1,293 psf ppr, falling short of the Sing Holdings-Sunway joint venture.

SGX:U14.SI:UOL Group (via Intrepid Investments & TID Residential JV)
Intrepid Investments, teamed with TID Residential, entered a bid of S$1,255 psf ppr for the Chuan Grove site, joining the competitive field.

Private:Sim Lian Land & Sim Lian Development
Sim Lian Land and Sim Lian Development submitted a S$1,240 psf ppr bid for the land parcel, reflecting steady developer interest.

Private:Japura Development (linked to CK Asset Holdings)
Japura Development, associated with Hong Kong tycoon Li Ka-shing’s CK Asset, offered the lowest bid of S$1,001 psf ppr.

Oil:US:UCO:Crude Oil
Oil prices eased about 1% to a two-week low as US crude inventories unexpectedly rose. Brent crude settled at US$66.95, while WTI closed at US$63.48. The build of 2.4 million barrels surprised analysts who expected a drawdown. Markets now await this weekend’s Opec+ meeting, where producers, including Russia, may further raise output targets.
Launched as the centrepiece of a five-year, $250 million AI Research Translation programme, MUMTOS is designed to take robotics, swarm and humanoid concepts from lab to field. It builds on ST Engineering’s defence pedigree, including its AI-driven RF Drone Decoder 1000 that can detect unmanned aircraft outside standard communication bands.

Singapore’s Value-Up Wave: From Policy Reform to Corporate Action

SGX:Z74.SI:Singtel
Singtel has led the charge with its S$2 billion Airtel stake sale, balancing growth funding with shareholder rewards. Its capital recycling has underpinned double-digit earnings growth and over 50% total shareholder returns in the past year.

SGX:BN4.SI:Keppel Corp
Keppel unlocked $1.43 billion from selling M1’s telco operations to Simba Telecom, while retaining its ICT arm. With nearly $1 billion cash released, Keppel sharpened its focus on digital infrastructure and delivered +50% shareholder returns.

SGX:YF8.SI:Yangzijiang Financial Holding
YZJFH is spinning off maritime assets into YZJ Maritime, allowing investors to value its shipping and financial arms separately. With clarity on structure, its stock has returned 220%+ over the past year.

SGX:D01.SI:DFI Retail Group
DFI streamlined by exiting low-yield supermarket and minority assets, pivoting to higher-margin convenience and pharmacy retail. The disciplined shift has rewarded shareholders with 100%+ returns.

SGX:S08.SI:Singapore Post
Even in a shrinking postal sector, SingPost unlocked value via the A$1.02 billion sale of its Australian unit, funding a special dividend. While long-term growth remains challenged, investors benefited from short-term crystallised gains.

Why It Matters for Singapore

• Policy + corporate action: MAS reforms have primed the market, but firm-level restructuring and governance moves are key to sustaining momentum.

• Signal effect: Temasek-linked and blue-chip restructurings set a precedent for mid-cap and family-owned firms.

• Investor takeaway: With stronger governance and capital discipline, SGX stocks can rival peers regionally in returns.

Lessons From Abroad

• Japan: Governance reforms since 2013 boosted ROE, buybacks, and dividends, propelling the Nikkei to record highs.

• South Korea: The 2024 Value-Up Programme has lifted dividends and buybacks, and driven the KOSPI up 33% YTD in 2025.

The Path Forward

• Launch a Singapore Value-Up Benchmark to reward reform-minded firms.

• Broaden cross-border investor outreach with English disclosures and standardised templates.

• Sharpen governance accountability by requiring firms trading below book value to publish capital-improvement plans.

📌 Big Picture: With policy momentum and corporate-led restructuring, Singapore can build a self-reinforcing cycle of value creation, stronger inflows, and higher valuations, establishing itself as the region’s hub for shareholder-friendly companies.

Goldman Sachs Flags Path to US$5,000 Gold on Fed Credibility Risks

US:GC:Gold Futures
Goldman Sachs (US:GS:Goldman Sachs Group) analysts project bullion could rally to nearly US$5,000/oz if even 1% of privately held US Treasuries shift into gold amid concerns over Federal Reserve independence. Their baseline forecast sees gold at US$4,000/oz by mid-2026, with a tail-risk case of US$4,500/oz.

US:GS:Goldman Sachs Group
The note warns that erosion of Fed independence could spark higher inflation, weaker equities, falling long-dated bonds, and pressure on the dollar’s reserve status — while gold, as a store of value “not reliant on institutional trust,” would benefit.

US:GC:Gold Futures
Gold has already surged more than a third this year, hitting fresh records, driven by central bank buying, expectations of Fed rate cuts, and political moves by US President Donald Trump to assert greater control over the Fed, including efforts to oust Governor Lisa Cook. Goldman calls gold its “highest-conviction long” in commodities.

Gold ETFs Shine as Investors Flock to Record Highs

US:GLD:SPDR Gold Shares
Investors have poured into State Street’s SPDR Gold Shares (GLD), the largest US-listed gold ETF, which saw US$2.4 billion of net inflows in the past week despite a US$720 million outflow on Wednesday as traders took profits. On Tuesday alone, GLD attracted US$1.45 billion — its biggest single-day inflow since March. Year-to-date, investors have committed more than US$11 billion, swelling assets to a record ~US$113 billion. GLD has gained 33% in 2025, boosted by safe-haven demand amid Fed independence concerns and rising sovereign debt risks.

US:GLDM:SPDR Gold MiniShares Trust
State Street’s smaller gold fund, SPDR Gold MiniShares Trust (GLDM), also posted a record inflow of over US$1.5 billion on Wednesday, ranking second among all US-listed ETFs. Both funds have benefited from geopolitical uncertainty and inflation fears, as investors seek protection in gold, which recently hit a new high above US$3,570/oz before easing.

Would you like me to also add the latest spot gold price trend chart alongside the ETF flows for a visual market snapshot?

Elite UK REIT Resets Balance Sheet, Signals Growth with Acquisitions, PBSA & Data Centre Moves

SGX:MXNU.SI:Elite UK REIT
Elite UK REIT, Singapore’s only UK-listed REIT, has cut net gearing by 680 bps to 40.7% as at Jun 30, its lowest since 2023. Over two years, it raised GBP28m via preferential offering, secured up to GBP215m in refinancing, and reduced borrowings by GBP50m, partly through GBP4m in divestments (Hilden House, Crown Buildings) at a 7.9% premium. CEO Josh Liaw says the REIT is now positioned for “strategic, balanced and sustainable” growth.

SGX:MXNU.SI:Elite UK REIT
In Jun 2025, Elite UK REIT acquired three government-leased assets — Priory Court, Custom House and Tŷ Merlin — for GBP9.2m, funded partly by a GBP4m equity raise. The deal was DPU-accretive, lifting 1HFY2025 DPU by 10% y-o-y to 1.54 pence. While the Department for Work and Pensions (DWP) remains the largest tenant (92.3% of GRI), the acquisition expanded exposure to the Home Office, HMRC, and DEFRA. Portfolio occupancy improved to 95% (97% excluding assets under repositioning).

SGX:MXNU.SI:Elite UK REIT
Elite UK REIT is diversifying into living assets. It received approval to convert Lindsay House in Dundee into a 168-bed purpose-built student accommodation (PBSA), targeting a 7% yield on cost and 18% ROI, with completion slated for Sep 2027. Dundee’s student-to-bed ratio is ~3.5x, underlining structural demand.

SGX:MXNU.SI:Elite UK REIT
The REIT is also pursuing a large-scale data centre project at Peel Park, Blackpool. Its 80MW plan awaits approval, but valuation has already risen 36% y-o-y to GBP32.8m, supported by new 120 MVA power capacity. DBS Group Research estimates its value could climb to GBP45m–50m, making it a potential catalyst for divestment or partnerships with operators.

SGX:MXNU.SI:Elite UK REIT
Despite diversification, the core portfolio remains government-backed, anchored by Jobcentres and other mission-critical sites. Liaw notes social welfare spending remains a UK political constant, with scope for NHS co-tenancy at some centres. Lease extensions with DWP beyond 2028 are in discussion; weighted average lease expiry currently stands at 2.9 years. Rental income is secured by AA-rated UK sovereign credit with zero arrears.

SGX:MXNU.SI:Elite UK REIT
In Aug 2025, sponsor Elite Partners Holdings acquired Sunway RE Capital’s 15% stake in the manager, leaving Elite Partners and Ho Lee Group as sole sponsors. Liaw says with a stronger balance sheet, resilient tenant base, and expansion into PBSA and data centres, “it’s business as usual” for the REIT’s growth path.

ESR-REIT Hits ‘Cruise Control’: Core Earnings Up, Leverage Smoothed, Divestments to Pace Next

SGX:J91U.SI:ESR-LOGOS REIT
ESR-REIT pivots from two years of heavy AEIs, redevelopments and equity-funded acquisitions to a steadier 12-month phase focused on core operations and stable returns. For 1HFY2025 (ended Jun 30), core DPU rose 8.1% y-o-y to 10.765 cents, making up 96% of total DPU of 11.239 cents; revenue grew 23.2% and NPI 30.1%, helped by the November 2024 buys (20 Tuas South Ave 14; ESR Yatomi Kisosaki DC) and completed AEIs at 7002 Ang Mo Kio Ave 5 and 21B Senoko Loop. Units outstanding rose 4.4% to 802.1m; the unit price climbed 33.7% from $2.05 (Apr 29) to $2.74 (Aug 29).

SGX:J91U.SI:ESR-LOGOS REIT
Management signals an “uneventful” year ahead: prioritising leasing, cost control and building upkeep while pacing AEIs/divestments. CEO Adrian Chui says investors want earnings “stable, sustainable and from core operations,” noting tariff-driven supply-chain uncertainty but highlighting Singapore’s resilience. A major redevelopment at 21B Senoko Loop secured a long master lease with NTS Singapore; an AEI at 16 Tai Seng Street added 2,793 sqm of high-spec space to lift income durability.

SGX:J91U.SI:ESR-LOGOS REIT
Gearing stood at 42.6% as at end-June, with a target “around 40%” and emphasis on extending debt maturities rather than selling assets aggressively to hit a headline number. ESR-REIT has no further 2025 refinancing needs after early refis at lower margins and aims to keep no more than ~27% of loans expiring in any year, supporting DPU stability.

SGX:J91U.SI:ESR-LOGOS REIT
Portfolio rationalisation will continue via divestments of smaller, short-land-lease, non-core assets. Proceeds may go to debt reduction, unit buybacks and AEIs; if sizeable, recycling into new buys to preserve earnings quality. Indicatively, $200–$400 million of divestments are possible in 2026, paced rather than 2024’s large disposals; sub-$70–$80 million assets are less suited for AEIs.

SGX:J91U.SI:ESR-LOGOS REIT
As at Jun 30, the REIT held 70 properties plus three fund investments (AUM $5.2b): ~75% of assets in Singapore (50 properties), 18 in Australia (~10.4% AUM) and two larger assets in Japan (~9.8% AUM). Overseas expansion follows four principles (sponsor footprint, funding depth, risk-return, scalability). Despite buzz around the JSSEZ, Malaysia is less scalable for now; logistics remains the focus.

HK:1821.HK:ESR Group
The sponsor’s existing footprint guides market selection; current geographies (Singapore, Australia, Japan) align with ESR Group support, available funding, and scalable pipelines.

US:UBS:UBS Group
HK:2888.HK:Standard Chartered
Background: CEO Adrian Chui previously worked in real-estate banking at UBS and Standard Chartered; these references are contextual and not linked to corporate actions in this update.

📈 Market Buzz: Corporate Shakeups, Gold Rush, and Dividend Surprises

SGX:5MZ.SI:Kingsmen Creatives
Kingsmen Creatives, via its subsidiary Kingsmen Projects, injected RM3.5 million into K-Fix Production to support working capital. The move, funded internally, is not expected to materially impact earnings per share or net tangible assets.

SGX:VC2.SI:Olam Group
SGX:YF8.SI:Yangzijiang Financial Holding
SGX:HMN.SI:CapitaLand Ascott Trust
SGX:C52.SI:ComfortDelGro
SGX:K71U.SI:Keppel REIT
SGX:CJLU.SI:NetLink NBN Trust
SGX:T82U.SI:Suntec REIT
Olam Group and Yangzijiang Financial Holding joined the Straits Times Index (STI) “reserve” list, replacing CapitaLand Ascott Trust and ComfortDelGro. The reserve list now includes Keppel REIT, NetLink NBN Trust, Olam Group, Suntec REIT, and Yangzijiang Financial Holding. No changes to the STI constituents will take effect after the September 2025 review, says SGX.

SGX:5TP.SI:CNMC Goldmine Holdings
SAC Capital raised its target price for CNMC Goldmine to $1.13, citing strong results. Net profit for 1HFY2025 surged 251.4% y-o-y to US$19.4 million, with revenue up 78% to US$52.8 million. CNMC proposed a dividend of 1.5 cents per share and expanded processing capacity by 60%. The company is also building a second underground mine at Sokor. Rising gold prices and global demand for safe-haven assets further boost CNMC’s outlook.

KL:4065.KL:PPB Group
SGX:F34.SI:Wilmar International
PPB Group may face up to RM600 million in financial impact if Wilmar loses an appeal in Indonesia’s Supreme Court over palm oil export permits. Despite risks, PPB maintained a 12 sen interim dividend, backed by RM1.3 billion net cash. PPB holds an 18.8% stake in Wilmar, which remains its key profit contributor, though profits slipped in 2QFY2025. Kenanga Research cut PPB’s target price from RM15 to RM10.50, downgrading it to “market perform”.

HK:0016.HK:Sun Hung Kai Properties
Sun Hung Kai Properties posted a 0.5% rise in profit to HK$21.9 billion for the year ended June 30. While earnings missed analyst expectations, the company is expected to benefit from recovering Hong Kong property markets, driven by mainland Chinese buyers and stronger capital flows.

HK:2899.HK:Zijin Mining Group
Zijin Mining plans to spin off its international gold arm, Zijin Gold International, via a Hong Kong IPO that could raise over US$3 billion. The offering, possibly this month, comes amid record gold prices and could be the second-largest IPO globally this year. Zijin, valued at US$88 billion, aims to expand gold output to up to 110 tonnes by 2028, supported by acquisitions in Kazakhstan and Ghana.

SGX:40W.SI:Zico Holdings
Zico Holdings has shifted from back-office services to regulated businesses after selling its corporate secretarial arm to Ascentium for $10.7 million. The company is now focused on wealth and fund management, trust advisory, and capital markets. Its subsidiary Zico Capital recently sponsored MetaOptics’ Catalist IPO. Zico also eyes expansion into Malaysia’s Leap market through a partnership with Evolve Capital, alongside growing asset management and lawyering-as-a-service.

SGX:Z74.SI:Singtel
IN:532454:Bharti Airtel
AU:SGTLF:Optus (subsidiary)
SGX:1Z1.SI:NCS (subsidiary)
Singtel drew multiple target price upgrades after its investor day. CGSI, HSBC, PhillipCapital, and Maybank Securities all raised valuations, citing higher dividends, asset recycling, and growth from Optus, NCS, and regional data centres. Singtel could unlock up to $13 billion by further paring down its stake in Bharti Airtel. Analysts expect Singtel’s dividends to rise steadily, supported by its value realisation dividend programme, share buybacks, and strong growth in Nxera, its data centre arm.

Malaysia Market Movers: Solar Bids, Mega Property Loans, and Strategic Acquisitions Dominate Headlines

KL:CITAGLB:Citaglobal
Citaglobal and partners Masdar and Tiza Global have been shortlisted for the government’s LSS5+ tender to build a 200MW floating solar plant at Chereh Dam, Kuantan, set to be Southeast Asia’s largest of its kind.

KL:JAKS:JAKS Resources
JAKS Resources, via JAKS Solar Power Holdings, with China Power Engineering Consulting Group International Engineering Co Ltd (CPEEC), will develop two 99.99MW solar plants in Terengganu, with power purchase agreements to be inked with KL:TENAGA:Tenaga Nasional for 21 years.

KL:E&O:Eastern & Oriental
Eastern & Oriental secured RM780 million financing from AmBank Group to fund land reclamation and infrastructure for Phase 2 of its Andaman Island project, covering 507 acres.

KL:WTK:WTK Holdings
WTK Holdings proposed a RM555 million cash acquisition of plantation and palm oil mill businesses from major shareholder WTK Realty, expanding its planted area by 68% to 35,519 hectares.

KL:PENTA:Pentamaster
Pentamaster invested US$3 million for a 14.29% stake in Ahead Optoelectronics (Malaysia), a joint venture with Taiwan’s Ahead Optoelectronics Inc and JC Capital, to expand into opto-electronics and silicon photonics for next-gen AI servers.

KL:AXREIT:Axis REIT
Axis REIT is acquiring an industrial property in Port Klang from Barry Callebaut Malaysia for RM50 million, strengthening its portfolio with a high-quality, income-generating asset.

KL:GAMUDA:Gamuda
Gamuda, partnering with Taylor’s Education Group, will redevelop a prime SS15, Subang Jaya site into a RM500 million mixed-use project with serviced apartments, PBSA, and retail, targeted for completion by 2029.

KL:DXN:DXN Holdings
DXN is purchasing a Burj Khalifa apartment in Dubai for RM7.37 million from its chairman Datuk Lim Siow Jin, to be used for leadership training, content creation, and VIP events.

KL:IOIPG:IOI Properties
IOI Properties’ subsidiary Fortune Premiere completed its 7th sukuk murabahah issuance worth RM1 billion, under a RM3 billion programme, for shariah-compliant funding needs including capex and refinancing.

KL:RANHILL:Ranhill Utilities
Ranhill appointed Datuk Faiz Ishak as chairman, filling a year-long vacancy after founder Tan Sri Hamdan Mohamad resigned. The move follows KL:YTLPOWR:YTL Power International’s takeover of a 53.19% stake via a mandatory general offer.

KL:FFB:Farm Fresh
Khazanah Nasional ceased to be a substantial shareholder of Farm Fresh after cutting its stake from 6.49% to 3.02%, disposing of 65 million shares through Agrifood Resources Holdings.

Wall St. on Pause as AI Chips Sizzle: Broadcom Soars, Jobs Data Looms, Retail & Software Split

US:AVGO:Broadcom
Broadcom shares have nearly doubled over the past year as it cements a central role in the AI boom; analysts see revenue growth steady through 2025 and quickening in 2026, aided by custom chips built for major cloud customers including Google.

US:GOOGL:Alphabet
Alphabet’s Google is working with Broadcom on custom silicon for hyperscale AI, underscoring how cloud giants are deepening supplier ties to meet accelerating model demand.

US:DGT:Dow Jones Industrial Average
U.S. stock futures were little changed ahead of Friday’s nonfarm payrolls report, with Dow futures up ~0.01%; investors eye a potential September Fed rate cut amid a cooling labor backdrop.

SGX:S27.SI:S&P 500
The S&P 500 closed at a fresh record (6,502.08), rising 0.83% as softer ADP payrolls reinforced rate-cut hopes without stoking recession fears.

US:QQQ:Nasdaq Composite
The Nasdaq Composite gained 0.98% to 21,707.69, extending tech leadership into the jobs print after an afternoon risk-on push.

US:LULU:Lululemon Athletica
Lululemon tumbled over 13% after fiscal 2Q revenue missed estimates amid a U.S. slowdown; the company cut its full-year outlook and flagged tariff pressure on profits.

US:DOCU:DocuSign
DocuSign rose about 5% after beating 2Q expectations (EPS and revenue) and issuing stronger 3Q and full-year guidance.

US:AMRX:Amneal Pharmaceuticals
Amneal climbed more than 2% after FDA approval of its risperidone extended-release therapy for adult bipolar I disorder and schizophrenia.

US:AMZN:Amazon
Amazon advanced more than 4% as enthusiasm grew around its AI partnership with Anthropic, helping power Thursday’s broad market gains.

US:NVDA:Nvidia
Citi reiterated a buy but said Nvidia shares may “take a breather” near term after a big run; the bank sees the 10/28 GTC keynote as the next major catalyst.

US:C:Citigroup
Citi’s takeaway from its TMT conference: AI demand remains strong into 2026, though near-term dynamics could cool hot GPU leaders before the next product cycle.

US:UBS:UBS Group
UBS said elevated U.S. equity valuations can be justified by earnings momentum and easing Fed policy, noting limited historical linkage between valuation starting points and 12-month returns.

US:SPHR:Sphere Entertainment
Wolfe Research argued Las Vegas’ Sphere is “likely the world’s most profitable venue,” citing strong “Wizard of Oz” sales; the analyst raised 2025–2026 revenue estimates for experiences.

Broadcom’s AI Boom, Trump’s Japan Tariffs, Wall St. Rally, Tech Leaders’ White House Talks, and HSBC’s Leadership Shake-Up

US:AVGO:Broadcom
Broadcom reported Q3 revenue up 22% YoY to US$15.96B with adjusted EPS of US$1.69 beating estimates. Its AI revenue surged 63%, adding US$1B more expected this quarter. Shares rose 3% after hours.

US:TM:Toyota
US:HMC:Honda
US President Donald Trump signed an executive order imposing up to 15% tariffs on Japanese imports, including autos and parts. Toyota and Honda shares were in focus as Japan’s carmakers brace for trade impact.

US:DGT:Dow Jones Industrial Average
The Dow Jones closed up 350 points at 45,621, a gain of 0.8%.

SGX:S27.SI:S&P 500
The S&P 500 rose 0.8% to a record 6,502, its 21st record close of the year.

US:QQQ:Nasdaq Composite
The Nasdaq Composite jumped 1% to 21,707, boosted by tech strength ahead of Friday’s nonfarm payrolls report.

US:TSLA:Tesla
Tesla CEO Elon Musk declined an invitation to a White House dinner hosted by President Trump.

US:META:Meta Platforms
Meta founder Mark Zuckerberg is among invitees to the White House event.

US:AAPL:Apple
Apple CEO Tim Cook was invited to the White House dinner.

US:MSFT:Microsoft
Microsoft founder Bill Gates was also on the guest list, highlighting the strong tech presence.

HK:00005.HK:HSBC
HSBC appointed Diana Cesar as Deputy Chair of its Hong Kong region.

HK:00011.HK:Hang Seng Bank
Hang Seng Bank announced Diana Cesar will step down as CEO in October, to be succeeded by Luanne Lim.

Analyst Waves & Corporate Moves: Oil, Tech, Property, and Banks Drive Hong Kong & China Tape

HK:01193.HK:CHINA RESOURCES GAS
JPMorgan slightly raised its target price to HK$19 and kept a Neutral rating.

HK:03968.HK:CHINA MERCHANTS BANK
DBS trimmed its target price to HK$53.5 while maintaining a Buy call.

HK:00883.HK:CNOOC
JPMorgan upgraded the stock to Overweight and lifted its target price to HK$23.

US:AMGN:Amgen
Zai Lab fell sharply after Amgen’s bemarituzumab final analysis showed weaker survival benefits.

HK:09688.HK:ZAI LAB
Shares plunged ~13% on heavy turnover following weaker bemarituzumab survival data from partner Amgen.

HK:01211.HK:BYD COMPANY
Stock slipped about 2% on reports the full-year sales target was cut 16% to 4.6m vehicles.

HK:00590.HK:LUK FOOK HOLDINGS
BOCI said retailers could ride rising gold prices and named Luk Fook its top pick with a Buy.

HK:03606.HK:FUYAO GLASS
Morgan Stanley raised its target price to HK$59 and lifted revenue and net profit forecasts.

HK:02628.HK:CHINA LIFE
CMBI increased its target price to HK$29 and kept a Buy rating.

HK:02388.HK:BOC HONG KONG
DBS lifted its target price to HK$39.4 after interim results beat expectations.

HK:00017.HK:NEW WORLD DEVELOPMENT
NWD said K11 MUSEA set a new monthly visitor record in August, with average tourist spending per transaction up 30%.

HK:02899.HK:ZIJIN MINING GROUP
UBS raised its target price and reaffirmed a Buy; gold miners broadly rallied as spot gold hit new highs.

HK:03993.HK:CHINA MOLYBDENUM (CMOC)
UBS lifted target price and kept a Buy alongside peers in the metals complex.

HK:09866.HK:NIO-SW
Multiple brokers adjusted targets (Daiwa Buy to US$9, CICC HK$68, BOCOMI HK$62.7) as 2Q results and outlook were digested.

US:NIO:NIO
U.S.-listed shares were referenced alongside Hong Kong coverage as brokers updated views post-results.

HK:00941.HK:CHINA MOBILE
Now holds 70.7% of HKBN and reportedly has no plans to privatise the broadband operator.

HK:01310.HK:HKBN
Confirmed China Mobile’s 70.7% ownership; no immediate privatisation plan indicated.

HK:00700.HK:TENCENT
Repurchased 916,000 shares for about HK$550 million in continued buyback activity.

HK:02319.HK:MENGNIU DAIRY
Repurchased 700,000 shares totaling about HK$10.43 million.

HK:00388.HK:HKEX
Goldman Sachs raised its target price to HK$524 and kept a Buy rating.

HK:01810.HK:XIAOMI
Reportedly disclosed a patent related to vehicle inspection methods to help avoid traffic jams.

HK:09988.HK:ALIBABA GROUP
Cainiao, an Alibaba unit, was reported to open its first warehouse in Mexico; southbound net inflows to BABA-W were also noted earlier.

HK:00992.HK:POP MART
Morgan Stanley raised the target price to HK$382 and rated the stock Overweight.

HK:02318.HK:PING AN INSURANCE
Morgan Stanley said it prefers Ping An (Overweight) among China insurers alongside China Life.

HK:00857.HK:PETROCHINA
Citi said China’s natural gas agreement with Russia is a positive for PetroChina; CNPC plans to transfer over 541m A-shares to China Mobile Group.

HK:01113.HK:CK ASSET
Morgan Stanley raised its target price to HK$39 and expects dividend increases.

HK:00001.HK:CK HUTCHISON
Morgan Stanley trimmed its target price to HK$61 while noting a potential port deal remains alive.

HK:00027.HK:GALAXY ENTERTAINMENT
Morgan Stanley lifted its target price to HK$44 and expects payout ratio to rise to 60%.

HK:02328.HK:PICC PROPERTY & CASUALTY
Citi increased its target price to HK$20.7 and kept a Buy rating.

HK:06690.HK:HAIER SMART HOME
CMBI and BOCI raised target prices (to HK$31.95 and HK$34.3 respectively) and kept Buy ratings.

HK:03800.HK:GCL TECHNOLOGY
HSBC Research hiked its target price to HK$1.80, expecting a 3Q turnaround to profit.

HK:02007.HK:COUNTRY GARDEN
Reported August contracted sales fell 13.7% y/y to RMB2.96 billion.

HK:02268.HK:WUXI XDC
Plans a share placement at a ~4% discount to raise around HK$1.3 billion net.

HK:01519.HK:J&T GLOBAL EXPRESS-W
A Saudi delegation visited the firm’s Shanghai transit centre amid international network expansion efforts.

HK:09868.HK:XPENG-W
Brought back a limited-time financial policy offering zero interest/down payment/commissions for up to five years.

US:AAPL:Apple
Reportedly plans to launch its own AI web search tool in 2026; Apple helped lift the Nasdaq in recent trade.

US:GOOGL:Alphabet
Alongside Apple, Alphabet’s strong session contributed to a 1% Nasdaq gain noted earlier.

US:NVDA:NVIDIA
CEO Jensen Huang sold 225,000 shares for roughly US$38.61 million in cash, according to a filing.

HK:06060.HK:ZAI LAB (HK)
In addition to its U.S. listing, Hong Kong-listed shares reflected the same pressure from the bemarituzumab read-out.

HK:01093.HK:CSPC PHARMACEUTICAL
Hit a new high in recent sessions amid defensive rotation and sector strength.

HK:01929.HK:CHOW TAI FOOK JEWELLERY
Reached new highs as jewellery names rallied with gold’s surge.

HK:02251.HK:MEDBOT-B
JPMorgan lifted its target price to HK$30.9 and upgraded to Overweight; shares also posted new highs in broader moves.

HK:01833.HK:PING AN HEALTHCARE AND TECHNOLOGY (GOOD DOCTOR)
Share price hit new highs alongside healthcare peers on sentiment and results.

HK:00460.HK:SIHUAN PHARMACEUTICAL
Advanced to new highs amid sector strength.

HK:00881.HK:ZHONGSHENG GROUP
Rose over 4% at midday in prior session on auto-dealer momentum.

HK:00016.HK:SHK PROPERTIES
Annual underlying profit around HK$21.85bn was broadly in line; final DPS HK$2.80; brokers later issued rating/TP tables.

HK:00011.HK:HANG SENG BANK
CEO Diana Cesar will step down in October; Luanne Lim to take over as CEO while Cesar becomes HSBC Hong Kong Deputy Chair.

HK:00005.HK:HSBC HOLDINGS
Announced senior Hong Kong management changes including Diana Cesar’s new Deputy Chair role.

HK:09961.HK:BYD ELECTRONIC
Shares dropped ~5% earlier; brokers later raised TPs on prospects in AI data centre and robotics components.

HK:00012.HK:HENDERSON LAND
CFO said Hong Kong home prices are bottoming with demand expected to pick up this year.

HK:00066.HK:MTR CORPORATION
(Referenced indirectly via transit themes and consumption; no rating changes disclosed in this batch.)

HK:03115.HK:HSI ETF (Hang Seng Index Proxy)
Hang Seng Index fell 284 points in one session; sector drags included pharma and chips, while gold plays strengthened.

HK:00386.HK:CHINA PETROCHEMICAL (SINOPEC)
(Referenced in sector context alongside PetroChina within energy updates and broker notes.)

HK:00268.HK:KINGDEE INTERNATIONAL
(Referenced within tech sentiment context tied to broader TMT flows in HK/China equities.)

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