GMT EIGHT - OPPORTUNITIES IN CHINA

K. WAH INT'L (00173) announced its interim results, reporting a profit attributable to shareholders of HKD 78.985 million, a year-on-year decrease of 30.65%.

K Wah International (00173) announced its performance for the six months ending June 30, 2026. During this period, the group achieved a revenue of HKD 4.932 billion, a year-on-year increase of 368.84%; the profit attributable to equity holders of the company was HKD 78.985 million, a year-on-year decrease of 30.65%; basic earnings per share were HKD 2.51.

HONY MEDIA (00419) announced its interim results, with a loss attributable to equity holders of HK$5.219 million, representing a year-on-year narrowing of 85.08%.

Hong Yi Cultural Group (00419) announced its interim results for 2026, with continuous operating business revenue of approximately HK$220 million, a year-on-year decrease of 9%. The net loss attributable to shareholders was HK$5.219 million, a year-on-year reduction of 85.08%. Loss per share was HK$0.35.

FIRST PACIFIC (00142) announced its interim results, with shareholders' profit attributable of $301.5 million, a decrease of 22.9% year-on-year.

FWD Group (00142) announced its interim results for the six months ended June 30, 2026, reporting a revenue of $5.3163 billion, a year-on-year increase of 5.7%; the profit attributable to equity owners of the parent company was $301.5 million, down 22.9% year-on-year; basic earnings per share were 7.09 cents, and an interim dividend of 13 Hong Kong cents per share is proposed.

HEVOL SERVICES (06093) expects net profit attributable to shareholders for the interim period to be approximately between 4.6 million and 8.6 million yuan.

He Yong Services (06093) announced that the group expects its net profit after tax for the six months ending June 30, 2026, and the profit attributable to shareholders to be approximately between RMB 8.5 million and RMB 15.9 million, and between RMB 4.6 million and RMB 8.6 million, respectively. In contrast, the net profit after tax and the profit attributable to shareholders for the first half of the 2025 fiscal year were approximately RMB 14.1 million and RMB 3 million, respectively.

HUAYAN ROBOTICS (01021) released its mid-term performance report, with revenue of 174 million yuan, an increase of 0.59% year-on-year.

Huayan Robotics (01021) announced its interim results for the six months ending June 30, 2026, reporting revenues of RMB 174 million, an increase of 0.59% year-on-year; a loss attributable to shareholders of the parent company amounting to RMB 56.904 million; research and development expenses of RMB 35.769 million, an increase of 18.41% year-on-year; and a loss per share of RMB 0.11.

SHINEWAY PHARM (02877) announced its interim results, with profit of 469 million yuan during the period, a decrease of 23.7% year-on-year.

Shenwei Pharmaceutical (02877) announced its interim results for 2026, with the group achieving a revenue of 1.181 billion RMB, a decrease of 28.5% year-on-year; net profit of 469 million RMB, a decrease of 23.7% year-on-year; basic earnings per share of 0.62 RMB; and proposed a second interim dividend of 0.80 RMB.

WASION HOLDINGS (03393) announced its interim results, with a profit attributable to shareholders of 446 million yuan, an increase of 1.41% year-on-year.

Weisheng Holdings (03393) announced its interim results for the six months ended June 30, 2026, with revenue reaching 5.389 billion yuan, a year-on-year increase of 22.75%. The profit attributable to the owners of the parent company was 446 million yuan, up 1.41% year-on-year; earnings per share were 44.4 cents.

VOYAH AUTO (07489) released its interim performance results, reporting a loss of 389 million yuan during the period, a year-on-year shift from profit to loss.

Lantu Automotive (07489) announced its performance for the six months ended June 30, 2026. During this period, the group achieved a revenue of 18.159 billion yuan, a year-on-year increase of 42.4%; the net loss for the period was 389 million yuan, reversing from profit to loss compared to the previous year; the basic loss per share was 0.11 yuan.

A-shares at noon | Three major indices closed higher, with the Sci-Tech Innovation 50 rising over 3%, and computing hardware leading the gains.

The three major A-share indices opened with mixed gains and losses, fluctuating in the morning session, presenting a pattern of "collective index increase, with computing hardware leading the rise."

Hong Kong real estate market differentiation: Selling prices decline, rental index reaches historical high again.

According to data from the Hong Kong Rating and Valuation Department, the price index of private residential properties in Hong Kong fell to 321.5 in June, a decrease of 0.46% month-on-month, but an increase of 11.59% year-on-year.

The Hong Kong dollar interbank lending rate generally rose, with the one-month interbank lending rate falling by 0.590 basis points to 2.78821%.

On August 27, the Hong Kong interbank offered rate generally increased, with the one-month rate related to mortgages reported at 2.78821%.

Understanding CIRRUS (02507) Mid-2026 Performance at a Glance

Revenue during the period was $737 million, a 24% increase year-over-year.

National Energy Administration: From January to July 2026, the national electricity market transaction volume increased by 23.4% year-on-year.

In July 2026, the national power trading institutions completed a trading volume of 740.4 billion kilowatt-hours, an increase of 18.5% year-on-year.

The semiconductor boom exacerbates inflation risks as the Bank of Korea unusually raises interest rates twice in a row.

The Bank of Korea has raised the benchmark interest rate for the second consecutive time.

Hong Kong has retained its title as Asia's top international city, ranking first in business and economic performance.

The Hong Kong General Chamber of Commerce has announced the "Asian Cities Internationalization Index," in which Hong Kong has been rated as the top international city in Asia for the second consecutive year among 11 cities.

The hawkish minutes combined with high CPI have prompted major banks like Goldman Sachs and CBA to shift towards hawkish predictions: The Reserve Bank of Australia may raise interest rates again as early as September.

Economists believe that following the surge in the Consumer Price Index (CPI), the Reserve Bank of Australia may raise interest rates as early as September.

AI storage demand triggers expansion wave! Kioxia plans to build its third wafer factory in Iwate Prefecture, Japan.

According to informed sources, Japanese storage chip giant Kioxia is building a new wafer manufacturing factory at its production base in Iwate Prefecture, northern Japan, to increase capacity and meet the ongoing strong demand for AI-related storage.

U.S. diesel inventories have fallen to a historical low for this time of year, raising supply concerns as the winter heating season approaches.

Data released by the U.S. Energy Information Administration (EIA) on Wednesday shows that, for the week ending August 21, inventories of distillate fuel oil, including diesel, decreased by 2.2 million barrels.

A-share Opening Express | Shanghai Composite Index opens down 0.02%, Shenzhen market opens high, telecommunications and electronics lead the rise.

On August 27, the market opened with Shanghai weaker and Shenzhen stronger, with a dominant technology sector.

CHINA TAIPING (00966) reported a 90.3% increase in net profit attributable to the parent company for the first half of the year: value transformation improves quality, investment recovery and ecological synergy create growth opportunities.

The performance of the insurance service sector, the marginal contribution of contract services, and the embedded value have all seen synchronized growth, positioning the 14th Five-Year Plan to establish a world-class insurance group. During the performance period, profit surged significantly due to investment recovery, but the core insurance business, long-term value, and capital strength have all improved in tandem, further enhancing the sustainability of performance growth.

National Bureau of Statistics: From January to July 2026, profits of large-scale industrial enterprises nationwide increased by 17.6%.

From January to July, the total profits realized by industrial enterprises above a designated size nationwide reached 45,820.6 billion yuan, an increase of 17.6% year-on-year.

ES SERVICES (01995) partners with Siasun Robot & Automation: Advancing the large-scale application of cleaning in the property industry.

Eternal Rise Service (01995) has officially signed a strategic cooperation agreement with the leading commercial cleaning robot company, GaoXian Robotics.

HK Stock Market Move | Z.AI (02513) opened over 8% higher, claiming "the bull is here," launching and open-sourcing GLM-5.3-Flash.

Zhipu (02513) opened over 8% higher and as of this report, it has risen by 8.25% to 1115 Hong Kong dollars, with a trading volume of 163 million Hong Kong dollars.

The mid-year report shows continued double-digit revenue growth, and DPC DASH (01405) demonstrates the resilience of the leading pizza brand.

Despite the impact of the subsidy war causing some short-term fluctuations in certain indicators, the core picture revealed in the financial report remains clear the company's organic growth momentum is strong, and the brand's moat continues to widen.

GRAND PHARMA (00512) Mid-Year Report Observations: The Leading Nuclear Medicine Company Delivers on Potential, Diverse Innovations Strengthen Long-Term Growth Foundation

On August 26, one of the leading nuclear medicine companies, YuanDa Pharmaceutical (00512), announced its mid-term results for 2026.

A-shares Pre-Market Report | NVIDIA's performance significantly exceeds expectations! Revenue and profit have doubled, and model manufacturers reveal a series of positive developments.

NVIDIA announced its second-quarter performance for the 2027 fiscal year, with revenue of $96.22 billion, a year-on-year increase of 106%, and adjusted earnings per share of $2.22, all exceeding market expectations.

Salesforce, Inc. (CRM.US) Q2 performance and guidance exceeded expectations; CEO refuted the "end of SaaS" theory. Stock rose 13% after hours.

S&P Global announced better-than-expected second-quarter results and guidance, and announced the deepening of its collaboration with AI company Anthropic PBC.

Brokerage Morning Meeting Highlights | Light Exchange Continues to Deliver, Valuation Advantage Becomes More Prominent

Huaxi Securities believes that Guanghuanlian continues to deliver results, highlighting its valuation advantage; Huatai Securities considers health supplements to be a golden track amid the trend of food and medicine being derived from the same source; CITIC Construction Investment believes that global semiconductor equipment parts are experiencing an unprecedented price surge across the entire supply chain.

BIDU-SW (09888): Voluntarily converts to dual primary listing on the Hong Kong Stock Exchange.

Baidu Group - SW (09888) announced that the company voluntarily converts its secondary listing status on the Hong Kong Stock Exchange to a primary listing, effective September 1, 2026. From the effective date, the company will have a dual primary listing on the Hong Kong Stock Exchange and NASDAQ. The S share designation will be removed from its Hong Kong Stock Exchange counters in Hong Kong dollars and renminbi starting September 1, 2026, following the primary conversion.

AI demand is accelerating! NVIDIA Corporation (NVDA.US) reported a revenue increase of 100% year-on-year in Q2, with guidance for a 70% growth rate in the next fiscal year far exceeding expectations, and has reached an agreement with Amazon.com, Inc. for 2 million GPUs.

NVIDIA predicts that the surge in sales driven by artificial intelligence will continue until the 2028 fiscal year.

The wave of AI has ignited demand for chip design! Synopsys, Inc. (SNPS.US) Q3 performance exceeded expectations and raised its full-year guidance.

Chip automation design (EDA) giant Synopsys announced better-than-expected third quarter results and raised its full-year performance guidance.

ALEBUND-B (09637) Mid-Year Report Deep Dive: The Compounding Growth of the Nephrology Sector

On August 26, Libang Pharmaceutical (09637) delivered impressive results in its first interim performance report since going public.

CICC: Low inventory amplifies short-term price elasticity; LNG price center may enter an upward cycle.

The global LNG market will continue to maintain a tight balance in the short term, and upstream resource companies still hold investment value.

CICC: Glass substrates are expected to become an important material platform for the next generation of advanced packaging, with related core equipment sectors likely to benefit first.

CICC released a research report stating that as the packaging size of AI large chips upgrades, glass substrates are expected to become an important material platform for the next generation of advanced packaging, and related core equipment segments are likely to be the first to benefit.

After-hours trading surged by 13%! CrowdStrike (CRWD.US) exceeded expectations in both Q2 revenue and earnings, with the CEO stating, Protecting AI is the biggest opportunity in history.

Cybersecurity giant CrowdStrike Holdings Inc. (CRWD.US) saw its stock price surge on Wednesday after the company released strong financial results, with full-year revenue guidance exceeding analysts' expectations.

Hong Kong Stock Concept Tracking | New Housing Market Policies Released in Multiple Locations, Institutions Optimistic about the Bottom Valuation Repair of Chinese Real Estate Sector (Including Concept Stocks)

New policies for the real estate market have been announced in many places, building momentum for the "Golden September and Silver October."

Profit guidance's credibility, and concerns over the outlook for PC and printer demand. HP Inc. (HPQ.US) exceeded expectations in Q3 performance but saw a significant drop afterwards.

Despite HP reporting better-than-expected third-quarter results and fourth-quarter earnings guidance, investors are questioning the "substance" of its earnings guidance while also worrying about the outlook for personal computer (PC) and printer demand.

KINDSTAR GLOBAL (09960) released its interim results, reporting revenue of 474 million yuan, an increase of 3.7% year-on-year. The oncology testing segment achieved significant growth.

Kangsheng Global (09960) announced its results for the six months ending June 30, 2026. During this period, the group achieved revenue of 474 million RMB, an increase of 3.7% year-on-year; gross profit was 218 million RMB, a 10.9% year-on-year increase; the loss attributable to the parent company was 18.864 million RMB; basic loss per share was 1.89 cents.

New Stock News | Zhengxiang Pharmaceuticals has once again submitted an application to the Hong Kong Stock Exchange. Its core product, Moxifloxacin Tablets, was officially launched in October 2025.

According to the Hong Kong Stock Exchange's disclosure on August 26, Zhengxiang Pharmaceutical (Nanjing) Group Co., Ltd. has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CICC as the sole sponsor.

Hong Kong Stock Concept Tracker | Storage costs significantly increased, overseas tech giants collectively raise prices, institutions warn: global memory shortage may last until 2027 (with concept stocks)

The market research firm IDC previously warned that the global memory shortage may continue until 2027. Industry forecasts indicate that the prices of storage chips may gradually decline and stabilize after peaking in 2028.

DAHON TECH (02543) will distribute a mid-term dividend of 1.224 yuan per share on October 15.

Daheng Technology (02543) announced that the company will distribute a mid-term dividend of 1.224 RMB per share on October 15, 2026.

DAHON TECH (02543) released its interim results, reporting a profit attributable to shareholders of 66.90 million yuan, an increase of 72.3% year-on-year.

Daheng Technology (02543) announced its performance for the six months ending June 30, 2026, during which the group achieved revenue of 490 million yuan, an increase of 53.7% year-on-year; the profit attributable to shareholders was 66.9 million yuan, up 72.3% year-on-year; basic earnings per share were 2.23 yuan; and a mid-term dividend of 1.224 yuan per share is proposed.

Surge in AI security demand Okta (OKTA.US) exceeded expectations in Q2 earnings and raised full-year revenue guidance for the second time this year.

Benefiting from the sustained rise in demand for AI security among enterprises, Okta's quarterly performance significantly exceeded market expectations, and for the second time this year, it raised its full-year revenue guidance, with its stock price jumping over 19% in after-hours trading.

PRU (02378) will distribute a mid-term dividend of $0.0888 per share on October 22.

Prudential (02378) announced that the company will distribute an interim dividend of $0.0888 per share on October 22, 2026.

PRU (02378) announced its interim results, reporting a 10% increase in adjusted after-tax operating profit to $1.523 billion.

Prudential (02378) reported its results for the six months ending June 30, 2026, with new business profit increasing by 8% to $1.384 billion. Adjusted pre-tax operating profit grew by 9% to $1.812 billion. Adjusted post-tax operating profit rose by 10% to $1.523 billion. The earnings per share based on adjusted operating profit (adjusted EPS) was 58.4 cents per share. The interim dividend is increased by 15% to 8.88 cents per share.

New Stock News | Zhengxiang Pharmaceutical Submits Application to Hong Kong Stock Exchange Again

According to a disclosure by the Hong Kong Stock Exchange on August 26, Zhengxiang Pharmaceutical (Nanjing) Group Co., Ltd. has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CICC acting as the sole sponsor.

Besencher or reshape the U.S. bond issuance strategy? Wall Street is hotly discussing the reduction of long-term U.S. Treasury bond issuance, and the refinancing meeting in November has become key.

U.S. Treasury Secretary Yellen's recent more active involvement in the U.S. Treasury market is prompting Wall Street to reassess the governments future debt financing strategy.

A $45 billion supercomputing deal! Anthropic partners with Nscale to secure 460 megawatts of AI data center capacity.

AI company Anthropic is further locking down its computing resources for the coming years.

Overnight US stocks | U.S. inflation has exceeded the Federal Reserve's 2% target for the 65th consecutive month, with the three major indices closing lower. NVIDIA Corporation (NVDA.US) initially saw its stock price drop after the earnings report, then it rebounded.

By the close of trading, the Dow Jones Industrial Average fell by 112.81 points, a decrease of 0.21%, closing at 53,464.59 points; the S&P 500 index dropped by 1.46 points, down 0.02%, closing at 7,675.82 points; the Nasdaq Composite Index decreased by 21.10 points, a decline of 0.08%, closing at 26,130.20 points.

"The depreciation trade is back! Gold and Bitcoin ETFs attracted about $7 billion in five days, with two major scarce assets strengthening simultaneously."

As concerns about the U.S. fiscal deficit, government debt, and the outlook for the dollar resurface, investors are flocking to both gold and Bitcoin simultaneously, rather than choosing between the two assets.

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Ganfeng Lithium: Progress on Subsidiary's Involvement in Investment Limited Partnership Matters

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Xiamen Releases Twelve Measures to Promote Exchange and Cooperation with Taiwan

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