🚨 AI Sparks Market Buzz: BYD, Alibaba, Baidu, Tencent, Geely & More in Spotlight
HK:01211.HK:BYD COMPANY
CLSA reaffirmed its High Conviction Outperform rating on BYD COMPANY despite weak 2Q25 results caused by rising costs and rebates. The automaker plans new model launches and facelifts in 2H25. Separately, HSBC Research trimmed BYD’s target price to HKD144 but kept a Buy rating.
HK:09988.HK:Alibaba Group (BABA-W)
Goldman Sachs lifted Alibaba’s target price to HKD174, citing strong AI-driven cloud growth. Alibaba’s Qwen3-Next model was highlighted as a major milestone. Additionally, Alibaba-backed Hello Robotaxi secured fresh strategic investment. The company also completed a USD3.2B zero-coupon convertible notes issuance.
HK:09888.HK:Baidu (BIDU-SW) / US:BIDU:Baidu
Goldman Sachs spotlighted Baidu’s new AI model X1.1, underscoring the sector’s fast AI development pace.
HK:00700.HK:TENCENT
Goldman Sachs pointed to Tencent’s AI updates alongside peers. Separately, Tencent announced plans to issue RMB9B notes and envisions its first RMB-denominated note issuance to optimize debt maturity.
HK:00175.HK:GEELY AUTO
CLSA kept a High Conviction Outperform on GEELY AUTO, expecting 2025 sales to top 3 million units, with hedging potential from its ICE and NEV mix.
HK:00241.HK:ALI HEALTH
JPMorgan lifted forecasts and raised the target price to HKD6.5 after shares surged 27% since May’s FY2025 results, beating peers by 8 percentage points.
HK:03800.HK:GCL TECH
JPMorgan cut its target price to HKD1.7 but maintained Overweight after GCL Tech’s HKD5.4B placement to Infini Capital. The broker noted rising polysilicon prices and the firm’s low-cost advantage.
HK:09618.HK:JD-SW
JPMorgan said JD-SW will not chase food delivery market share at all costs, instead aiming for synergy with its core e-commerce business.
HK:09829.HK:TRANSTHERA-B
TRANSTHERA-B rebounded more than 20%, though the company gave no comments on the sharp stock swings.
HK:09816.HK:SMIC
SMIC shares jumped over 5% to an all-time high amid speculation of testing China’s first domestically produced DUV lithography machine.
HK:02521.HK:160 HEALTH
160 HEALTH debuted with a surge of 152.1%, closing at HKD29.98 on its first trading day.
HK:09866.HK:NIO-SW
At market open, HSI gained 115 points, with NIO-SW and BIDU-SW rallying alongside Alibaba.
HK:03866.HK:CHERY AUTO
CHERY AUTO launched its IPO today with 13 cornerstone investors including PSBC and HORIZONROBOT-W. The entry fee was set at HKD3,106.
HK:00005.HK:HSBC HOLDINGS
HSBC HOLDINGS repurchased ~3.68M shares YTD, totaling USD394M.
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