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Thursday, October 23rd, 2025

HK:09992.HK:POP MART Guided that 3Q25 revenue rose 245%–250% YoY, with overseas revenue up 365%–370%.

US:DGT:Dow Jones Industrial Average
The Dow rose 218.16 points (0.47%) to a record 46,924.74 after briefly topping 47,000, fueled by upbeat earnings from multiple blue chips.

SGX:S27.SI:S&P 500
The S&P 500 finished little changed at 6,735.35 as broader gains were muted despite a strong start to Q3 earnings season.

US:QQQ:Nasdaq Composite
The tech-tilted Nasdaq Composite slipped 0.16% to 22,953.67, pressured by weakness across several mega-cap and chip names.

US:KO:Coca-Cola
Coca-Cola beat Wall Street estimates, jumping 4.1% and helping propel the Dow’s record-setting run.

US:MMM:3M
3M shares surged 7.7% after results topped expectations, adding further lift to the blue-chip index.

US:GM:General Motors
GM soared 14.9% on an earnings beat and raised full-year guidance; it also trimmed its estimated hit from President Donald Trump’s tariffs, saying it expects to offset about 35% of the impact.

US:ZION:Zions Bancorporation
Zions Bancorp gained more than 1% after posting higher year-over-year Q3 profits, shrugging off concerns from last week’s bad-loan disclosure.

US:GOOGL:Alphabet
Alphabet fell around 2% as tech sentiment cooled following uncertainty voiced by President Trump about a planned meeting with China’s President Xi.

US:AVGO:Broadcom
Broadcom slipped roughly 2% alongside broader tech softness tied to renewed U.S.–China trade jitters.

US:NVDA:NVIDIA
NVIDIA eased nearly 1% as chip names wavered amid worries that geopolitics could ensnare the semiconductor industry.

US:NFLX:Netflix
After hours, Netflix dropped about 6% after an earnings miss; revenue matched estimates, with the company citing a dispute with Brazilian tax authorities.

US:ISRG:Intuitive Surgical
Intuitive Surgical jumped roughly 16% after hours (nearly 22% noted intraday in the roundup) on a clean beat for both revenue and earnings.

US:TSLA:Tesla
Tesla reports Wednesday, with investors eyeing “Magnificent Seven” results to gauge whether the AI trade can keep powering profits.

US:HLT:Hilton Worldwide
Ahead of Q3 results for hotel names, Bernstein kept Hilton at market perform and flagged a deceleration in RevPAR growth into Q4.

US:H:Hyatt Hotels
Bernstein said Hyatt is best positioned among hotels given exposure to stronger high-end segments; rating kept at outperform.

US:MAR:Marriott International
Marriott retained an outperform from Bernstein even as the firm warned of softer RevPAR and a weaker construction pipeline commentary.

US:RL:Ralph Lauren
Ralph Lauren hit an all-time high within the S&P 500 cohort setting records on Tuesday.

US:AXP:American Express
American Express traded at record levels dating back to its 1977 IPO, joining the day’s S&P 500 all-time-high list.

US:DGX:Quest Diagnostics
Quest Diagnostics marked an all-time high, part of nine S&P 500 names notching records.

US:LH:Laboratory Corp. of America
Laboratory Corp. of America also printed an all-time high during the session’s broad-based strength.

US:GE:GE Aerospace
GE Aerospace hit an all-time high; the company has traded as a standalone since GE’s three-way separation producing GE Aerospace, GE HealthCare, and GE Vernova.

US:GEHC:GE HealthCare
GE HealthCare was referenced in context of GE’s breakup, highlighting the lineage of GE Aerospace’s current listing.

US:GEV:GE Vernova
GE Vernova was also cited as part of GE’s three-way separation alongside GE Aerospace and GE HealthCare.

US:J:Jacobs Solutions
Jacobs Solutions joined the S&P 500 names at all-time highs, extending a multi-decade performance history.

US:RTX:Raytheon Technologies (RTX)
Raytheon Technologies traded at record levels, adding to the defense sector’s strength.

US:AAPL:Apple
Apple touched new all-time highs, underscoring mega-cap leadership within the index.

US:TEL:TE Connectivity
TE Connectivity set an all-time high, part of Tuesday’s nine S&P 500 record-setters.

US:RHI:Robert Half
Robert Half was the lone S&P 500 stock at a new 52-week low despite the market’s overall positive tone.

US:WAL:Western Alliance
Western Alliance gained more than 3% after beating on Q3 earnings and revenue, though provisions rose to $80 million.

US:DKNG:DraftKings
DraftKings jumped ~6.7% after announcing the acquisition of predictions platform Railbird.

US:TXN:Texas Instruments
Texas Instruments fell more than 5% on a slight earnings miss and weaker-than-expected Q4 guidance.

US:BYND:Beyond Meat
Beyond Meat rallied over 10% after hours (following a 146% surge Tuesday) on news of expanded Walmart distribution and inclusion in Roundhill’s Meme Stock ETF that spurred a short squeeze.

US:WMT:Walmart
Walmart was cited as expanding distribution for Beyond Meat products across more U.S. stores.

US:MEME:Roundhill Meme Stock ETF
Roundhill’s Meme Stock ETF added Beyond Meat, a move that contributed to the stock’s outsized rally.

US:MAT:Mattel
Mattel fell 7% after posting weaker-than-expected Q3 results on both earnings and revenue.

US:PEGA:Pegasystems
Pegasystems popped about 7% after beating consensus on both EPS and revenue for the quarter.

US:COF:Capital One
Capital One rose 3% on a sizable earnings beat, with profit and revenue topping analyst estimates.

US:FDS:FactSet
FactSet data showed over three-quarters of reporting S&P 500 companies have beaten expectations so far, with the “Magnificent Seven” projected to post 14.9% year-over-year earnings growth versus 6.7% for the other 493.

US:MS:Morgan Stanley
Morgan Stanley Investment Management’s Vishal Khanduja questioned the cleanliness of the upcoming CPI data given staffing constraints around the government shutdown.

US:AB:AllianceBernstein Holding
Bernstein research (analyst Richard J. Clarke) warned of slowing RevPAR and a softer hotel construction pipeline, staying cautious into Q4 while keeping Hyatt and Marriott at outperform and Hilton at market perform.

US:BK:Bank of New York Mellon
Alicia Levine of BNY Wealth said better-than-expected earnings and confirmation that the AI trade remains intact could drive the next leg higher if the S&P 500 can clear the 6,800 technical level.

US:BLSU:Bureau of Labor Statistics (reference)
Markets await Friday’s CPI amid an economic data blackout during the government shutdown; traders also expect a quarter-point Fed rate cut at the late-October meeting, with another likely in December.

US:SNV:Synovus Financial
Fitch highlighted mounting risks from regional banks’ loans to non-bank financial institutions; Synovus’ NFBI exposure was noted at 8.2% of its book.

US:WBS:Webster Financial
In Fitch’s review, Webster Bank’s NFBI loans stood at 7% of its book, part of a broader rise in such exposures for regionals.

US:HBAN:Huntington Bancshares
Huntington National Bank’s NFBI loans were 5.0% of assets per Fitch, underscoring rising concentration risks across the segment.

US:TSC:TriState Capital (historical reference)
Fitch also cited Tristate Capital Bank at 5.6% NFBI exposure in its risk scan of regional lenders.

US:UNLISTED:Time Bank
Fitch referenced Time Bank with NFBI loans at 10.6% of assets, highlighting potential earnings pressure from concentrated counterparties.

US:DJIA:Dow Futures
After the bell, Dow futures edged up ~17 points while S&P 500 futures were marginally higher and Nasdaq-100 futures dipped 0.1% as investors parsed a heavy slate of earnings.

SGX:OU8.SI:Centurion Corporation
Executive chairman Kong Chee Min Han bought another 300,000 shares (~US$422,499), signaling continued insider confidence.

HK:09992.HK:Pop Mart
Shares fell ahead of its third-quarter business update as investors braced for slower momentum.

SGX:F34.SI:Wilmar International
Representatives of subsidiaries were charged over alleged 2016 “unlawful acts” tied to raw sugar imports.

SGX:AW9U.SI:First REIT
Divested a hospitality asset for US$25.9 million to recycle capital and streamline its portfolio.

SGX:S7P.SI:Soilbuild Construction
Exploring a potential SGX Mainboard listing of its precast and prefabrication business.

SGX:S63.SI:ST Engineering
Launched Singapore Navy’s first multi-role combat vessel — the first of six contracted builds.

SGX:1E3.SI:Sanli Environmental
Subsidiary secured an LTA contract worth about S$281 million, bolstering order book.

SGX:S51.SI:Seatrium
Received a notice of arbitration from US-listed A.P. Moller-Maersk over a US$475 million contract dispute.

US:AMKBY:A.P. Moller-Maersk
Sought arbitration with Seatrium regarding a disputed US$475 million contract.

SGX:S27.SI:S&P 500
Closed little changed as a powerful rally showed signs of buyer fatigue and consolidation.

US:DGT:Dow Jones Industrial Average
Hit a record, aided by strength in legacy industrials including upbeat commentary from 3M.

US:GOOGL:Alphabet
Slipped as competitive pressure rose after OpenAI introduced an AI-powered ChatGPT browser seen as a challenge to Google.

US:NFLX:Netflix
Fell in late trading after a Brazil tax dispute weighed on earnings despite revenue matching estimates.

US:TXN:Texas Instruments
Guidance disappointed, signaling a softer near-term demand outlook for analog chips.

US:BTC:Bitcoin
Rebounded as broader risk assets wavered and Treasury 10-year yields eased to ~3.96%.

US:KO:Coca-Cola
Beat expectations, underscoring resilient beverage demand despite price pressures.

US:MMM:3M
Bullish outlook aided the Dow’s record run following results that topped estimates.

US:GM:General Motors
Raised full-year outlook on strong pickup sales and partial tariff relief on auto parts.

US:GE:General Electric
Lifted guidance again as jet-engine demand stayed robust.

US:RTX:RTX Corporation
Raised profit outlook with strength across commercial aerospace and defense.

US:NOC:Northrop Grumman
Hiked its earnings forecast as work accelerated on the Sentinel missile program.

US:ZION:Zions Bancorporation
Topped profit estimates despite a $50 million alleged-fraud loss, easing credit fears.

US:AAPL:Apple
Work on a foldable iPad reportedly hit development hurdles, risking a launch delay.

US:WBD:Warner Bros. Discovery
Said it may consider a sale after receiving unsolicited interest; Netflix and Comcast were among potential bidders for parts.

US:CMCSA:Comcast
Weighed bids for selected Warner Bros. Discovery assets, according to people familiar.

US:BYND:Beyond Meat
Expanded distribution at US:WMT:Walmart stores; recent ETF inclusion fueled outsized stock swings.

US:WMT:Walmart
Set to broaden shelf space for Beyond Meat products across more U.S. locations.

US:SIX:Six Flags Entertainment
Targeted by activist Jana Partners (with co-investors including Travis Kelce) pushing asset monetization or a sale.

US:PM:Philip Morris International
Trimmed operating-income growth outlook amid heavier U.S. investments tied to ZYN rollout.

US:ABNB:Airbnb
CEO Brian Chesky said integration with ChatGPT is on hold as the tools aren’t “quite ready.”

US:UNH:UnitedHealth Group
Testing AI to streamline medical claims, aiming to reduce billing friction.

US:C:Citigroup
Joined US:BCS:Barclays, US:BAC:Bank of America and US:RY:Royal Bank of Canada to provide $12.25B debt for Blackstone and TPG’s Hologic deal.

US:BCS:Barclays
Part of the $12.25B financing group backing Blackstone/TPG’s acquisition of Hologic.

US:BAC:Bank of America
Participated in funding for the proposed Hologic buyout alongside other global lenders.

US:RY:Royal Bank of Canada
Through RBC Capital Markets, joined the lending syndicate for the Hologic transaction.

US:BX:Blackstone
Working with TPG on financing to acquire medical-device maker Hologic.

US:TPG:TPG
Co-buyer with Blackstone in the planned Hologic acquisition backed by bank financing.

US:HOLX:Hologic
Target of a proposed take-private by Blackstone and TPG supported by $12.25B in debt.

US:CORZ:Core Scientific
CoreWeave said it won’t raise its $9B offer despite shareholder opposition.

US:ELV:Elevance Health
Beat earnings and affirmed 2025 outlook, while cautioning insurers still face a tough recovery.

US:NFG:National Fuel Gas
Agreed to buy US:CNP:CenterPoint Energy’s Ohio gas utility for US$2.6 billion.

US:CNP:CenterPoint Energy
Selling its Ohio natural-gas utility to National Fuel Gas in a US$2.6 billion deal.

US:BNPQY:BNP Paribas
Reiterated a recent court ruling behind its stock drop doesn’t apply broadly, seeking to limit legal uncertainty.

US:NVO:Novo Nordisk
Chair Helge Lund to step down; former CEO Lars Rebien Sørensen, now head of its biggest shareholder, to take over.

US:ADDYY:Adidas
Raised earnings forecast on strong demand for retro sneakers and tariff-impact mitigation.

US:LRLCY:L’Oréal
Posted disappointing sales growth as U.S. weakness offset improving trends in China.

HK:0388.HK:HKEX
Challenged multiple firms’ pivots into listed crypto-hoarding models (DATs), citing rules on “cash companies.”

US:MSCI:MSCI
Proposed excluding large DATs from its indexes if crypto holdings are ≥50% of assets, threatening passive inflows.

JP:—:Japan Exchange Group
Said listed firms disclosing Bitcoin purchases aren’t automatically unacceptable, leaving DATs more latitude in Japan.

JP:—:Metaplanet
Early DAT adopter sitting on a multibillion-dollar Bitcoin trove; shares have fallen sharply from mid-June peak.

JP:—:Convano
Announced plans to raise ~¥434B to buy 21,000 Bitcoin, underscoring aggressive DAT strategies in Japan.

US:QQQ:Nasdaq Composite
Tech-led rally showed fatigue; consolidation likely as funds’ equity exposure sits at the highest in over a year.

KL:0215.KL:Solarvest Holdings Bhd
Proposes a private placement of up to 10% of enlarged share base to raise as much as RM254.1 million for solar PV projects, working capital and debt repayment.

KL:7617.KL:Magna Prima Bhd
Independent adviser says Hallson Holdings’ conditional mandatory takeover offer at 73 sen is “not fair but reasonable,” recommending shareholders accept for immediate cash realization.

KL:7066.KL:Yong Tai Bhd
High Court sets aside an adjudication that ordered its subsidiary to pay RM75.46 million to a Kerjaya Prospek unit and dismisses enforcement application.

KL:7161.KL:Kerjaya Prospek Group Bhd
Sees its enforcement bid dismissed after the High Court overturns the RM75.46 million adjudication award against Yong Tai’s subsidiary.

KL:5218.KL:Vantris Energy Bhd
Says JV Rawabi Sapura Ltd Co secures a seven-year diving support services contract in Saudi Arabia; Vantris holds 50% of the JV.

KL:4758.KL:Ancom Nylex Bhd
1QFY2026 net profit jumps 51.96% to RM20.07 million despite a 13.2% revenue decline to RM447.36 million on lower costs; no dividend declared.

KL:0100.KL:ES Ceramics Technology Bhd
1QFY2026 net profit rises 80.5% to RM4.17 million as revenue increases 11.9% to RM131.8 million; strength from building materials offsets manufacturing losses; no dividend.

KL:0305.KL:Sin-Kung Logistics Bhd
Unit Sin-Kung Airways signs service agreements for ground handling, in-flight catering and engineering support with Pos Malaysia’s aviation units.

KL:4634.KL:Pos Malaysia Bhd
Aviation subsidiaries to provide ground handling, catering and aircraft engineering services to Sin-Kung Airways under new agreements.

KL:0360.KL:Signature Alliance Group Bhd
Declares first interim dividend of two sen per share for FY2025; entitlement on Nov 12 and payment on Nov 25.

KL:7765.KL:Rapid Synergy Bhd
To dispose two Penang land parcels for RM35 million to ams OSRAM International GmbH to fund working capital and repay borrowings.

US:AUKUF:ams-OSRAM AG
Agrees to purchase two Penang land parcels from Rapid Synergy for RM35 million, expanding its semiconductor footprint.

KL:5173.KL:Shin Yang Group Bhd
Buying a Kota Kinabalu parcel for RM26.6 million cash from its controlling shareholder to support warehouse expansion and logistics development.

KL:5125.KL:Pantech Group Holdings Bhd
2QFY2026 net profit falls 29.7% to RM14.57 million on softer demand; declares first interim dividend of two sen per share payable Dec 26.

KL:1996.KL:Kretam Holdings Bhd
CEO and major shareholder Datuk Freddy Lim Nyuk Sang becomes a substantial shareholder of Azam Jaya after buying a 1.95% stake, lifting his holding to 6.455%.

KL:5329.KL:Azam Jaya Bhd
Welcomes Kretam’s Datuk Freddy Lim as a substantial shareholder following his 1.95% stake purchase on Oct 17.

KL:1023.KL:CIMB Group Holdings Bhd
Notes its Thai arm’s nine-month profit decline amid higher expected credit losses as the group navigates regional conditions.

—:CIMBT.BK:CIMB Thai Bank PCL
9MFY2025 net profit dips 3.2% to 1.83 billion baht on a 59.5% increase in expected credit losses to 2.96 billion baht.

US:CRWV:CoreWeave
Faces mounting shareholder opposition after proposing a ~US$9B acquisition of Core Scientific.

US:CORZ:Core Scientific
Target of CoreWeave’s ~US$9B bid as proxy advisor ISS urges shareholders to vote against the deal.

HK:00017.HK:New World Development
Denied media reports of preparing a liability-management exercise for perpetuals or equity fundraising, clarifying no such process is underway.

HK:09992.HK:POP MART
Guided that 3Q25 revenue rose 245%–250% YoY, with overseas revenue up 365%–370%.

HK:07399.HK:XI2CSOPMSTR
Closed at HK$31.40, up 8.3%, topping Hong Kong’s ETF gainers list for the day.

HK:03193.HK:CSOP CSI 5G
Ended at HK$11.40, up 6.6%, among the session’s strongest ETF performers.

HK:09399.HK:XI2CSOPMSTR-U
Finished at US$3.992, up 6.2%, tracking mainland momentum plays.

HK:07311.HK:XI2CSOPCOIN
Closed at HK$8.31, up 5.4%, buoyed by crypto-linked sentiment.

HK:07234.HK:XL2 BOS CHINEXT
Settled at HK$7.295, up 5.2%, rounding out the top ETF risers.

HongKong:3115.HK:Hang Seng Index
Added 168 points (+0.7%) to 26,027 as handset makers and China insurers advanced.

HK:02628.HK:China Life Insurance
Jumped ~6% on a profit alert, leading insurer gains in Hong Kong trading.

US:AAPL:Apple
Rallied nearly 4% to a record, lifting handset-related plays across the region.

HK:01211.HK:BYD Company
Shipped 1,380 NEVs from Shenzhen Xiaomo Port to Brazil aboard “Changzhou,” extending its export push.

HK:09866.HK:NIO-SW
Said weekly deliveries topped 10,000 units, with Onvo L90 sales hitting a record.

HK:00005.HK:HSBC Holdings
Citi raised target price to HK$120.9; long-term investors see Hang Seng Bank’s privatization move as confidence in Hong Kong.

HK:00011.HK:Hang Seng Bank
Privatization viewed by some long-term investors as a positive signal for Hong Kong’s market outlook.

HK:00293.HK:Cathay Pacific Airways
Plans up to US$70M investment with Airbus to accelerate sustainable aviation fuel development.

US:EADSY:Airbus
Teaming with Cathay Pacific on an investment of up to US$70M to advance SAF initiatives.

HK:01810.HK:Xiaomi
Lei Jun named singer Eason Chan as Redmi Acoustics Ambassador; K90 series co-tuned with Bose.

US:PFG:Principal Financial Group
Said Hong Kong ranks second globally in its Financial Inclusion Index.

HK:09618.HK:JD.com
Reported Double 11 supermarket sales doubled for 15,000+ brands, signaling robust consumer traction.

HK:00981.HK:SMIC
Jumped 5%+ after Morgan Stanley upgraded to Overweight and raised target price to HKD80.

HK:00001.HK:CK Hutchison
Nikkei strength faded after Japan elected its first female PM; regional risk-on tone cooled into midday.

US:GS:Goldman Sachs
Flagged a basket of China stocks with strong global competitiveness in fresh research.

HK:07399.HK:XI2CSOPMSTR
Led ETF gainers at midday, surging about 6.1%.

HongKong:3115.HK:Hang Seng Index
Rallied 427 pts at midday, led by handset makers and China insurers; tech sentiment improved.

HK:09626.HK:Bilibili-SW
Rocketed ~10% intraday, adding momentum to the tech-heavy rebound.

HK:02899.HK:Zijin Mining
Kept as top pick by JPMorgan with TP lifted to HKD42; other houses raised forecasts.

HK:00002.HK:CLP Holdings
HSBC Research cited robust 3Q operating data and said full-year DPS may rise.

HK:02318.HK:Ping An Insurance
Climbed over 3% at midday alongside broader insurer strength.

HK:09988.HK:Alibaba Group
Advanced over 3% at midday; separate notes highlighted office property moves supporting cap rates.

HK:01929.HK:Chow Tai Fook
Hit a new high; several brokers raised TP on positive SSSG and gold pricing plans.

HK:02038.HK:FIH Mobile
Tagged among midday leaders as handset complex rallied with Apple tailwinds.

HK:01766.HK:CRRC
Printed a new high amid stronger buying in cyclicals.

HK:09618.HK:JD.com-SW
Launched free home delivery for self-operated goods in Hong Kong with RMB99 minimum; hiring to expand HK insurance business reported.

SZ:300750:CATL
(Reference) Brokers said 3Q results were solid/in line; multiple houses raised TPs and kept bullish 2026 demand outlook.

HK:00780.HK:Tongcheng Travel
UBS lifted TP to HKD26.50 while trimming 3Q revenue forecast slightly.

HK:03800.HK:GCL Tech
BOCOMI kept Buy as sharply higher polysilicon prices drive a profit turnaround.

HK:00700.HK:Tencent
Multiple brokers (BofA, Haitong Int’l, Morgan Stanley) raised/affirmed targets on strengthening AI monetization; 3Q revenue seen +13% YoY.

HK:00857.HK:PetroChina
Morgan Stanley set TP at HKD10.25, calling it China’s top natural-gas investment idea.

HK:00941.HK:China Mobile
Citi said 3Q was largely in line; UBS trimmed TP to HKD100 but noted resilient cash flow.

HK:02628.HK:China Life
Citi and UBS raised TPs; JPM kept Overweight, expecting positive market reaction to a profit alert.

HK:02282.HK:MGM China
Named as a top pick by CLSA; sector boosted by stronger China industrial profits and improving Macau GGR outlook.

HK:01928.HK:Sands China
CICC lifted 2026 Macau GGR forecasts, keeping Sands among preferred operators.

HK:02108.HK:Wharf REIC
DBS upgraded to Buy with TP raised to HKD29; retail softness still a watch per other macro notes.

HK:00823.HK:Link REIT
Morgan Stanley warned HK retail pressures could weigh, citing unemployment drift higher.

HK:01398.HK:ICBC
Morgan Stanley expected shares to rise over the next 60 days.

HK:00939.HK:CCB
Projected by Morgan Stanley to gain over the next 60 days.

HK:00998.HK:China CITIC Bank
M Stanley also saw upside potential over the next 60 days.

HK:01999.HK:Man Wah Holdings
UBS upgraded to Buy and raised TP to HKD5.50; also cited by UBS as a consolidation beneficiary.

HK:00669.HK:Techtronic Industries (TTI)
UBS listed among top picks amid trade tensions accelerating consolidation.

HK:02313.HK:Shenzhou International
UBS cited as a top pick in consolidation thesis.

HK:02013.HK:Weimob
Spiked over 10% at one point on cooperation with Douyin’s Ocean Engine.

HK:00992.HK:Lenovo Group
CLSA raised TP to HKD12.80, expecting 2FQ adjusted NP to surge ~14%.

HK:00388.HK:HKEX
CEO Bonnie Chan said HK equity market trend has reversed with 300+ firms queuing to list.

HK:00005.HK:HSBC Holdings
Scam alert issued on PayMe impersonation; brokers updated ratings/TPs ahead of 3Q results; privatization of Hang Seng Bank seen impacting sentiment.

HK:00011.HK:Hang Seng Bank
New CEO Luanne Lim visited Central HQ; privatization angle continued to echo through research.

US:AAPL:Apple
Shares jumped ~4% to a record; China iPhone Double 11 first-hour sales outpaced last year’s full day.

US:NVDA:NVIDIA
CEO Jensen Huang set to attend APEC CEO Summit, keeping AI leadership in focus.

HK:09988.HK:Alibaba Group
Cloud unit said Aegaeon system selected for SOSP; reported 82% max GPU usage reduction in tests.

HK:09888.HK:Baidu-SW
Initiated Buy by Sealand Securities; near-term profit seen pressured YoY on non-IFRS basis.

HK:03690.HK:Meituan-W
Keeta’s head Qiu Guangyu joined the S-team, strengthening delivery leadership bench.

HK:09880.HK:UBTECH Robotics
Surged 8%+ on winning a RMB126m procurement order; also set up a Beijing JV (RMB12m capital).

HK:02202.HK:China Vanke
Moody’s downgraded corporate family rating to Caa2 with Negative outlook.

HK:00788.HK:China Tower
UBS trimmed TP to HKD13.50 and cut earnings forecasts amid macro headwinds.

HK:01193.HK:China Resources Gas
Citi put the stock on a 30-day positive catalyst watch.

HK:00027.HK:Galaxy Entertainment
CLSA named Galaxy a top pick as Macau GGR estimates rose.

HK:0388.HK:HKEX
Cleared Pony.ai’s listing hearing while multiple new issues (DEEPEXI TECH, CIG, BAMA TEA) kicked off subscriptions, keeping Hong Kong’s IPO pipeline active.

HK:02628.HK:China Life Insurance
Opened 6.3% higher after guiding 1–3Q profit up 50%–70%, boosting sentiment across China insurers.

HK:01428.HK:Bright Smart Securities & Commodities
Fell 4%–5% amid reports Ant Group and JD.com paused Hong Kong stablecoin plans, weighing on related financials.

HK:00376.HK:Yunfeng Financial Group
Dropped 4%–5% alongside sector peers on headlines about a pause in Hong Kong stablecoin initiatives tied to Ant Group and JD.com.

HK:09618.HK:JD.com-SW
In focus as reports cited a pause in Hong Kong stablecoin plans; elsewhere, the group continued launching HK retail initiatives.

HongKong:3115.HK:Hang Seng Index
Opened 637 points higher alongside HSTECH gains, with breadth supported by handset and insurer strength.

US:AAPL:Apple
Shares climbed ~4% to a record high, reinforcing momentum in handset supply-chain names across the region.

HK:00002.HK:CLP Holdings
Research cited robust 3Q operational metrics and the potential for a higher full-year dividend payout.

Thank you

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