KL:5216.KL:NexG Bhd
Secured an 18-month extension to supply foreign worker cards (Nov 1, 2025–Apr 30, 2027); original RM140m deal began in 2022; unit to maintain a RM2.33m performance bond valid to Apr 30, 2028; two independent directors, Datuk Seri Mohd Sopiyan and Datuk Zainal Abidin, resigned following the earlier exit of Tan Sri Mohd Khairul Adib.
KL:5281.KL:Advancecon Holdings Bhd
Won a RM36.1m contract from Sime Darby Property for earthworks and infrastructure at Serenia City, Dengkil, Sepang.
KL:5288.KL:Sime Darby Property Bhd
Awarded Advancecon a RM36.1m job for Serenia City development works in the Southern Klang Valley corridor.
KL:8591.KL:Crest Builder Holdings Bhd
Bagged a RM23.93m reinforced concrete package up to level six for a Jalan Tun Razak high-rise; nine-month works run Nov 3, 2025 to Aug 3, 2026 for Quantum Quest Sdn Bhd.
KL:5071.KL:Coastal Contracts Bhd
Subsidiary Elite Point Pte Ltd secured a RM12.8m liftboat charter for 120 days after a prior charter ended on Sept 29 without the one-year extension option being exercised.
KL:7022.KL:Globetronics Technology Bhd
Proposed up to 368.49m bonus warrants on a one-for-two basis; three-year exercise could raise as much as RM62.64m for working capital and capex; subject to approvals, targeted completion by 1Q2026.
KL:7773.KL:EP Manufacturing Bhd
Appointed by SAIC Motor Malaysia as contract assembler for selected MG vehicles via Peps-JV (Melaka) Sdn Bhd under an eight-year deal with a monthly minimum order.
KL:5028.KL:HeiTech Padu Bhd
Clarified RM157.8m increase in NIISe contract reflects the addition of an Automated Biometric Identification System (ABIS), including hardware, software licences, integration and training; supports Home Ministry data and disaster recovery.
KL:5330.KL:TMK Chemical Bhd
Unit signed a non-exclusive distributor agreement with Tata Chemicals Soda Ash Partners LLC to distribute bulk soda ash dense across Vietnam, earning profits from resale.
HK:09988.HK:Alibaba Group
Taobao HK will open a flagship PapaHome store in Causeway Bay next year, extending its offline retail footprint.
HK:09988.HK:Alibaba Group
Taobao HK regularizes a “zero-threshold” one-item free shipping offer for lightweight/small parcels.
HK:09988.HK:Alibaba Group
Fliggy’s Double 11 Global Travel Festival kicks off at 8 PM with a record product count for the fifth straight year.
US:TSLA:Tesla
Chinese media cite SANHUA’s response to a Tesla order rumor—internal urgent verification is underway, with official channels to clarify; SANHUA was referenced in the context of Tesla.
HK:02238.HK:GAC Group
Morgan Stanley says GAC’s collaboration with JD.com and others on a new car should lift Aion brand recognition and broaden its customer base.
HK:09618.HK:JD.com
CICC keeps JD.com at Outperform after profit beat on retail strength and narrowed food-delivery losses.
HK:09618.HK:JD.com
Report says JD.com’s “National Good Car” is priced around RMB100,000–120,000.
US:UAL:United Airlines
United urges the U.S. to extend Russia overflight restrictions to Cathay Pacific; Cathay Pacific Airways was mentioned in the request.
HK:02319.HK:Mengniu Dairy
Morgan Stanley cuts Mengniu’s EPS forecast and trims target price to $18.5.
US:MS:Morgan Stanley
Morgan Stanley stays cautious on China telecoms, expecting only a slim rise in 3Q industry service revenue.
HK:03908.HK:CICC
CICC reaffirmed its Outperform on JD.com following stronger retail performance and reduced food-delivery losses.
US:ASML:ASML Holding
ASML secures €5.4 billion in 3Q orders, beating forecasts.
HK:00020.HK:SenseTime Group
SenseTime jumps over 5% after announcing a strategic partnership with Cambricon.
HK:01299.HK:AIA Group
UBS forecasts accelerated 3Q value-of-new-business growth; rating maintained as Buy.
US:UBS:UBS Group
UBS says China’s computing localization will fuel AI development, expressing a positive view on Alibaba and Baidu.
HK:01128.HK:Wynn Macau
Citi upgrades Wynn Macau to Buy, expecting Macau’s 3Q industry EBITDA to rise about 7% year over year.
US:C:Citi
Citi’s upgrade of Wynn Macau comes alongside expectations for a sector-wide EBITDA increase in 3Q.
US:AAPL:Apple
Tim Cook says Apple will ramp up investment in China following a meeting in Beijing with the IT minister.
HongKong:3115.HK:Hangseng Index
HSI rebounds 308 points at midday as new retail, healthcare platforms, and China insurers advance.
HK:00665.HK:Haitong International
Haitong International keeps Baidu at Outperform with a US$187 target price.
US:BIDU:Baidu
Baidu remains rated Outperform by Haitong International with a US$187 price target.
HK:02007.HK:Country Garden
Domestic bond restructuring is nearing completion, positioning Country Garden to join peers with RMB10B-level onshore workouts.
China’s September money data: M2 rose 8.4% YoY (slightly under consensus), while M1 climbed 7.2% YoY, per the PBOC.
The PBOC said aggregate financing stock reached RMB437.08T (+8.7% YoY); new RMB loans for 1–3Q25 totaled RMB14.75T (below market forecast).
HK:02888.HK:Standard Chartered
Standard Chartered and HKTDC’s GBA Business Confidence Index rebounded in 3Q25, with “current performance” and “expectations” back above 50.
HK:02388.HK:BOC Hong Kong
BOC Hong Kong was selected for the second cohort of HKMA & Cyberport’s GenAI Sandbox after joining the first round.
HK:01299.HK:AIA Group
AIA’s survey found HKD3.294M as the “ideal” retirement reserve, yet 72% of respondents fall short of that target.
HK:6113.HK:BitStrat Holdings
The SFC flagged BitStrat Holdings for high shareholding concentration, cautioning investors about potential volatility.
HongKong:3115.HK:Hangseng Index
HSI closed up 469 points as chip, consumer and auto names outperformed; turnover rose alongside a broad rebound.
HK:02670.HK:Yunji Technology
Yunji Technology surged on the grey market, opening up over 110% before closing sharply higher ahead of its listing.
ETF movers: the top five gainers were led by XL2CSOPSMSN, which jumped 8.3%.
HK:01810.HK:Xiaomi
Xiaomi kicked off its 2025 Double 11 promotion, offering RMB2B in discounts across its lineup.
HK:09988.HK:Alibaba Group
Alibaba rose over 3% as tech leaders paced the advance.
HK:02318.HK:Ping An Insurance
Ping An climbed over 3%, adding to the day’s financials-led strength.
HK:01044.HK:Hengan International
Hengan International hit a new high amid broad consumer strength.
HK:00639.HK:Shougang Fushan Resources
Shougang Resources marked a fresh high in the session.
HK:00670.HK:China Eastern Airlines
China Eastern Airlines notched a new high as travel and autos outperformed.
HK:00975.HK:Mongol Mining
Mongol Mining reached a new high alongside commodities strength.
HK:03323.HK:CNBM
CNBM (China National Building Material) also set a new high during the rally.
SGX:S27.SI:S&P 500
The S&P 500 clawed back 0.4% to 6,671.06 after swinging as much as +1.2% intraday.
US:QQQ:Nasdaq Composite
The Nasdaq Composite rose 0.7% to 22,670.08 after an early rally peaked at +1.4%.
US:DGT:Dow Jones Industrial Average
The Dow finished nearly flat at 46,253.31 (−17.15, −0.04%) after being up as much as 422.88 points.
US:BAC:Bank of America
Bank of America jumped 4.4% on blockbuster earnings that helped turn the broader market green.
US:MS:Morgan Stanley
Morgan Stanley rallied 4.7% after strong results added to upbeat early-season bank earnings.
US:NVDA:Nvidia
Nvidia slipped 0.1% by the close after being up as much as 2.7% earlier in the session.
US:LMT:Lockheed Martin
Lockheed Martin fell more than 1% after remarks from Treasury Secretary Scott Bessent about possible pressure on defense firms to curb buybacks.
US:NOC:Northrop Grumman
Northrop Grumman dropped about 3% following the same defense-sector buyback commentary.
US:WMT:Walmart
Walmart hit a 52-week high, last up ~2%, as Citi called its OpenAI shopping partnership a win and kept Walmart its top retail pick with a $120 target.
US:C:Citigroup
Citi said Walmart’s tie-up with OpenAI is unique for enabling purchases inside ChatGPT and underscores Walmart’s tech edge.
US:BG:Bunge Global SA
Bunge surged roughly 13% after President Donald Trump threatened to restrict Chinese cooking-oil trade, lifting processors.
US:ADM:Archer-Daniels-Midland
Archer-Daniels-Midland gained about 1.5% alongside the cooking-oil headline boost.
US:JBHT:J.B. Hunt Transport Services
J.B. Hunt leapt more than 11% after beating Wall Street’s Q3 earnings and revenue expectations.
US:CRM:Salesforce
Salesforce rose about 4% after hours, guiding to over $60B revenue in 2030 (excluding the pending Informatica deal) and signaling growth re-acceleration.
US:UAL:United Airlines
United Airlines slipped about 2% after hours as Q3 revenue disappointed despite better-than-expected earnings.
US:ZION:Zions Bancorporation
Shares fell nearly 4% after the bank said it will write off $50M tied to two loans under legal scrutiny.
US:HPE:Hewlett Packard Enterprise
HPE dropped about 8% after issuing a weaker-than-expected FY2026 outlook, even as it lifted its dividend and added $3B to buybacks.
US:AAPL:Apple
Apple was cited among the megacaps powering much of the S&P 500’s recent gains, highlighting narrow market breadth.
US:GOOGL:Alphabet
Alphabet joined other AI-linked giants as key contributors to the index’s rally since July 1.
US:AVGO:Broadcom
Broadcom was listed among leaders concentrating recent S&P 500 returns.
US:TSLA:Tesla
Tesla rounded out the set of dominant names driving a large share of the market’s gains, per technical commentary.
US:IBKR:Interactive Brokers
Interactive Brokers’ senior economist said elevated volatility signals potential for abrupt market moves as traders await catalysts.
US:IEF:iShares 7-10 Year Treasury Bond ETF
A note from Capital Economics said the recent drop in the 10-year yield likely won’t extend much further from here.
The Cboe Volatility Index (VIX) finished at 20.6 as trade tensions and a third-week U.S. government shutdown kept nerves high.
Treasury Secretary Scott Bessent said the U.S. would negotiate with China based on economic priorities, not market swings, as tariff threats and export controls stoked volatility.
US:JPM:JPMorgan Chase
Issued a second report on Keppel after its Oct 9 note, valuing Keppel at $12.50 by end-2026 and flagging potential asset sales.
SGX:BN4.SI:Keppel
Announced a $14.4b monetisation plan; JPMorgan highlighted possible disposals including One Paramount (~$400m) and noted Keppel South Central’s estimated $1.4b valuation with leasing stabilisation underway.
SGX:K71U.SI:Keppel REIT
Cited as precedent after Keppel Bay Tower was sold into the REIT; similar pathway was described as a possibility for Keppel South Central once stabilised.
SGX:D05.SI:DBS Group
Ex-DBS CEO Piyush Gupta’s appointment as Keppel vice chairman was noted among drivers of Keppel’s rally alongside buybacks and asset sale plans.
SGX:U10.SI:UOB-Kay Hian
Analyst Loh raised Keppel’s target price to $10.85 in a separate research update referenced alongside JPMorgan’s views.
SGX:8AZ.SI:Aztech Global
Reported 3QFY2025 earnings of $10.8m (-21.2% y/y) on revenue of $133.5m (-19.9% y/y); secured 22 new projects from 11 new customers and is trimming footprint via asset disposals in China and Malaysia.
SGX:OAJ.SI:Fortress Minerals
Mentioned in a related market wrap as reporting lower 1HFY2026 earnings amid weaker average realised iron-ore prices.
SGX:F10.SI:F J Benjamin
Cited in a separate note with wider FY2025 losses referenced in the same news flow.
SGX:—:Soon Hock Enterprise
Closed a $48.1m SGX Mainboard IPO 9.8× subscribed overall; retail 16.9× and international 8.7×; trading to commence Oct 16, with proceeds for land/building acquisitions and ongoing projects.
KL:1155.KL:Malayan Banking Berhad
Maybank Securities served as joint issue manager and bookrunner for Soon Hock Enterprise’s offering.
SGX:U11.SI:United Overseas Bank
UOB acted alongside Maybank Securities on the Soon Hock Enterprise IPO.
US:UAL:United Airlines
Urged the U.S. to extend Russia overflight restrictions to Cathay Pacific, escalating industry pressure on trans-Eurasia routes.
HK:00293.HK:Cathay Pacific Airways
Named by United Airlines in calls for broader U.S. restrictions on Russia overflights.
HK:02238.HK:GAC Group
Morgan Stanley said collaborations with JD.com and others on a new car should lift Aion’s brand recognition and broaden its customer base.
HK:09618.HK:JD.com
CICC kept Outperform after profit beat on solid retail and narrower food-delivery losses; separate report put “National Good Car” pricing at RMB100k–120k.
HK:02319.HK:China Mengniu Dairy
Morgan Stanley cut EPS forecasts and trimmed target price to $18.5 amid sector headwinds.
US:MS:Morgan Stanley
Stayed cautious on China telecoms, expecting only a slim rise in 3Q industry service revenue.
HK:03908.HK:CICC
Reiterated Outperform on JD.com following stronger retail performance and reduced food-delivery losses.
US:ASML:ASML Holding
Secured €5.4b in 3Q orders, beating forecasts and underscoring continued demand for lithography equipment.
HK:00020.HK:SenseTime Group
Shares spiked over 5% after announcing a strategic partnership with Cambricon.
US:UBS:UBS Group
Said China’s push on computing localisation will fuel AI development; kept positive views on Alibaba and Baidu.
HK:01299.HK:AIA Group
UBS projected accelerated 3Q VNB growth and maintained a Buy rating.
HK:01128.HK:Wynn Macau
Upgraded to Buy by Citi, which expects Macau gaming industry 3Q EBITDA to rise ~7% y/y.
US:C:Citigroup
Issued the Wynn Macau upgrade alongside constructive sector EBITDA expectations.
US:AAPL:Apple
CEO Tim Cook said Apple will ramp up investment in China following meetings in Beijing with the IT minister.
HK:00665.HK:Haitong International
Maintained Baidu at Outperform with a US$187 target price in a research note.
US:BIDU:Baidu
Rated Outperform by Haitong International with a US$187 price target.
SGX:QC7.SI:Q & M Dental Group
Signed an MOU to enter Thailand via acquiring an equity stake in a large local dental chain at an EV of THB1.95b, paid in cash and new shares, with step-up profit guarantees through 2033.
SGX:S68.SI:Singapore Exchange
Launched Indonesia SDR Linkage, lifting SDRs on SGX to 26 securities and enabling SGD-denominated access to select IDX blue chips.
US:PBCRF:Bank Central Asia
Featured as an underlying company represented via new Indonesia SDRs on SGX.
US:TLK:Telkom Indonesia
Included among Indonesian blue chips mirrored by SGX’s newly launched SDRs.
US:ICBPY:Indofood CBP
Maker of Indomie noodles cited as an underlying for SGX’s Indonesia SDRs.
HK:09992.HK:Pop Mart International
Named among newly launched Hong Kong SDRs in Aug 2025 that helped drive record SDR turnover on SGX.
Thank you
