GMT EIGHT - OPPORTUNITIES IN CHINA

Datadog (DDOG.US) operating profit surges 61%, yet premarket shares plunge 20%! AI growth narrative meets harsh market expectations

Datadog delivered third-quarter results with both revenue and profit exceeding market consensus, yet its shares plunged in premarket trading, hovering around a 19% decline as of publication.

Huang Tianyou of the Hong Kong Securities and Futures Commission: Asian markets differ in cycles, valuations, and growth engines, which may offer active investors excess returns.

Dr. Huang Tianyou, Chairman of the Hong Kong Securities and Futures Commission, and Ms. Liang Fengyi, Chief Executive Officer, today attended the "Dialogue with Global Investors" forum co-hosted by the Hong Kong Securities and Futures Commission, the Hong Kong Monetary Authority, and the Hong Kong Academy of Finance, and exchanged views with global financial leaders.

Can natural disasters become a driver of inflation? San Francisco Fed warns: El Nio may push PCE up by another 1 percentage point in 2027.

The San Francisco Fed warns that El Nio could raise PCE prices by as much as 1 percentage point in 2027; if La Nia follows, the risk is greater, but it could boost employment.

$117 billion healthcare giant announces split plan! CVS Health Corporation (CVS.US) plans to spin off its retail pharmacy in 2028, analysts call it "completely unexpected"

According to a company spokesperson, CVS Health plans to spin off its retail pharmacy business, which would become one of the largest spin-off transactions in the history of the healthcare industry.

Guolian Minsheng (01456): Guolian Futures plans share swap to absorb and merge Minsheng Futures

Guolian Minsheng (01456) announced that on November 4, 2026, following deliberation and approval by the board of directors, Guolian Futures, Minsheng Futures and Minsheng Securities entered into an absorption merger agreement.

McDonald's Corporation (MCD.US) Q3 U.S. same-store sales turned negative, down 0.2%, with higher average ticket size offsetting the decline.

McDonald's Q3 revenue was US$7.16 billion, missing expectations, while adjusted EPS of US$3.57 beat expectations; U.S. same-store sales fell 0.2%, better than feared, and the stock rose 1.9% in premarket trading.

A-share Announcement Highlights | Over RMB18.1 billion! Oilfield services leader Yantai Jereh Oilfield Services Group (002353.SZ) wins three award letters from ADNOC Onshore

Yantai Jereh Oilfield Services Group (002353.SZ) announced that its wholly-owned subsidiary Jereh Oil & Gas Engineering has received three project award letters from the client ADNOC Onshore, the onshore arm of Abu Dhabi National Oil Company of the UAE.

Emerson Electric Co. (EMR.US) Q4 revenue beats expectations: orders up 14%, FY2027 guidance anchored at 5% growth

Emerson Electric Q4 revenue of US$5.2 billion beat expectations, orders rose 14%, adjusted EPS of US$1.86 slightly exceeded expectations, and FY2027 guidance points to approximately 5% growth.

Mobility, Delivery, and Freight all grow in unison! Uber Technologies, Inc. (UBER.US) Q3 gross bookings rise 20% for a fifth consecutive quarter, operating margin reaches a record-high 3.9%

Uber released its fiscal year 2026 third-quarter (ended September 30) financial results before market open on November 4.

IPO News | Yuanxin Energy Storage (09621) Said to Have Public Offering Oversubscribed 1,389 Times, Subscription Closed

China's integrated energy storage system solutions provider Yuanxin Energy Storage (09621) closed its public offering on November 4.

New Stock News | Hemei Pharma (00054) postpones Hong Kong listing, refunds to begin on November 9

Hemei Pharma (00054) closed subscription on November 4. The company announced after market close that day that, based on current market conditions, it has decided to postpone its global offering and listing, and refunds will begin on November 9.

AI compute demand and cash return logic clash again! Alphabet (GOOGL.US) splashes US$15 billion to expand Malaysia AI data center.

Google, owned by Alphabet Inc., plans to invest US$15 billion to expand its data center and cloud business in Malaysia. The company will build new computing centers and invest in local water security, power generation, and training for Malaysian residents. These investments are expected to take place in 2027 and 2028, as Google joins other global tech companies in expanding in the country.

SEACON (02409) plans to spend US$19.6 million to acquire a vessel.

SEACON (02409) announced that on November 4, 2026, Seacon Shipping Pte. Ltd., an indirect wholly-owned subsidiary of the Company, intends to acquire from Sanhe Jiaye Co., Ltd. an oil tanker/chemical tanker with a gross tonnage of 4,981 tons built in October 2026, at a consideration of US$19.6 million.

CDB LEASING (01606) plans to procure IT computer equipment for RMB1.779 billion

CDB LEASING (01606) announced that the Company, as purchaser, entered into a product procurement agreement with the seller (Shandong Zhisuo Information Technology Co., Ltd.) on November 4, 2026, pursuant to which the seller agreed to sell and the purchaser agreed to purchase the procurement subject matter for a total consideration of approximately RMB1.779 billion. The procurement subject matter is IT computer equipment.

Preview of US Stock Market | All three major stock index futures rise together; Democrats regaining control of Congress boosts risk appetite; quarterly refunding announcement is about to be released.

On Wednesday, November 4, before the U.S. stock market opened, futures for all three major U.S. stock indexes rose together.

Brain-Computer Interface Technology Standards and Industrial Application Reference Specifications Released

Recently, the "Reference Specifications for Brain-Computer Interface Technology Standards and Industrial Applications" was officially released and launched. This reference specification was developed by industry experts from four major dimensionsproduct development, industrial investment, industrial applications, and academic research and developmentwho conducted in-depth discussions based on their respective industries and application scopes to complete the formulation of the reference specifications. The formulation and release of the "Reference Specifications for Brain-Computer Interface Technology Standards and Industrial Applications" marks a substantive step forward in the construction of industry consensus and standards for China's brain-computer interface sector.

Eurozone inflation soars to 4%, twice the central bank's target! Lagarde signals tightening, Nagel says another rate hike may still be needed next month.

Eurozone October inflation rose to 4%, double the central bank's target; the ECB is expected to raise rates again in December, nearing the end of tightening, as Lagarde and Nagel signal a hawkish stance.

Shanghai Pharmaceuticals Holding (02607): Treprostinil Diethanolamine Inhalation Powder Receives Clinical Trial Approval Notice

Shanghai Pharmaceuticals Holding (02607) announced that recently, its subsidiary Shanghai Shangyao Ruier Pharmaceutical Co., Ltd. received the Drug Clinical Trial Approval Notice issued by the National Medical Products Administration for Treprostinil Diethanolamine Inhalation Powder.

AI infrastructure financing battlefront extends to Europe! Meta (META.US) issues its first euro-denominated bonds, as AI ambitions face a major test of cash flow and credit

Meta Platforms Inc. is set to borrow in euros for the first time and pay a hefty premium, as the largest technology giants race to finance artificial intelligence investments. Concerns that hyperscale data center companies are accumulating debt too quickly and broader questions about whether AI spending will pay off have pushed up overall cost of capital across these companies.

DL HOLDINGS GP (01709): Total Bitcoin production from September 3 to November 2, 2026 was 110.241 BTC.

DL Holdings (01709) announced that during the period from September 3, 2026 to November 2, 2026 (the relevant period), total Bitcoin production was 110.241 BTC, equivalent to an average daily production of approximately 1.807 BTC.

CICC (03908): Fitch affirms upgrade of Dongxing and Dongxing (Hong Kong) long-term issuer default ratings to "A-"

CICC (03908) announced that, according to the relevant announcement published by Fitch Ratings on its website on October 30, 2026, it has determined to upgrade the long-term issuer default ratings of Dongxing Securities and Dongxing Securities (Hong Kong) from "BBB-" to "A-", with a stable rating outlook. Fitch simultaneously upgraded the shareholder support ratings of these two companies from "bbb-" to "a-".

GUOCO GROUP (00053): GuocoLand and Intrepid Form Joint Venture to Develop Singapore Property

Guoco Group (00053) announced that on November 4, 2026, GLS, a wholly-owned subsidiary of GuocoLand, entered into a joint venture agreement with Intrepid and BDPL (the joint venture company established to undertake the project) to develop the property according to the agreed joint venture proportions of GLS (40%) and Intrepid (60%).

The first batch of 18 actively managed ETFs have all completed fundraising.

On the evening of November 4, CCB Principal Asset Management announced that the CCB Balanced Preferred actively managed ETF began fundraising on October 23, with the original subscription deadline set for November 6. In accordance with relevant regulations, the company decided to move the fund's subscription deadline forward to November 4, meaning it will no longer accept subscription applications starting November 5. With this, all 18 of the first batch of actively managed ETFs have completed fundraising.

Five departments: Advance energy-saving and carbon-reduction upgrades of infrastructure such as computing power, communication base stations, and data centers; optimize the energy mix.

The National Development and Reform Commission and four other departments have issued the Action Plan for Implementing the Comprehensive Conservation Strategy.

Algernon Yau: Hong Kong's Go Global Task Force helps over 360 mainland enterprises come to Hong Kong; target of attracting 1,200 enterprises in investment promotion over this year and next

Algernon Yau mentioned that from the establishment of the Go Global Task Force to September this year, the Task Force had assisted more than 360 mainland enterprises from different provinces, municipalities, and autonomous regions in setting up or expanding operations in Hong Kong.

Has the Bank of England misjudged? Latest research warns: UK interest rates are not at "restrictive" levels at all, and Thursday's rate hike will be the start of calibration.

A recent study shows that UK interest rates are suppressing inflation less than the Bank of England previously judged, a conclusion that strengthens the case for a rate hike this week.

After the midterm election rout, Trump changes his tune: "Locked and loaded, but not necessarily pulling the trigger"; strikes on Iran put on hold, oil prices fall.

Trump says no plan to strike Iran for now but is "locked and loaded"; Democrats win big in midterms; Brent crude falls to $104; Gulf allies push for peace talks.

Sun Dong: The SAR Government is comprehensively advancing the "AI+" development strategy to promote the development of the digital economy and a smart society.

He mentioned that the Sha Ling data park in the Northern Metropolis has begun construction and is expected to provide computing power of 180,000 petaflops after 2030, which will provide important support for the development of AI and the digital industry.

The Legislative Council passes the amended bill on the Crypto-Asset Reporting Framework, to be implemented in Hong Kong starting next year.

On November 4, the Hong Kong SAR Government welcomed the passage by the Legislative Council of the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026, which implements in Hong Kong the Crypto-Asset Reporting Framework and the latest amendments to the Common Reporting Standard developed by the Organisation for Economic Co-operation and Development (OECD).

Five departments: Vigorously advance energy conservation in key areas

Five departments issued the notice on the "Action Plan for Implementing the Comprehensive Conservation Strategy." Vigorously advance energy conservation in key areas. Focus on key industries such as steel, nonferrous metals, petrochemicals, chemicals, and building materials, and carry out energy-saving and carbon-reduction renovations with "one industry, one policy" to continuously improve energy efficiency. Actively advance energy-saving and carbon-reduction renovations of existing buildings and promote the large-scale development of ultra-low energy consumption buildings. Promote energy-saving and low-carbon transport tools, reasonably optimize vehicle energy consumption limit requirements, and vigorously develop new energy heavy trucks and green fuel ships. Increase efforts to tap the energy-saving and carbon-reduction renovation potential of public institutions and promote third-party governance models such as energy performance contracting. Advance energy-saving and carbon-reduction renovations of infrastructure such as computing power, communication base stations, and equipment rooms, and optimize the energy consumption structure. Improve energy production efficiency, strengthen the low-carbon transformation of coal-fired power units, and steadily reduce the comprehensive line loss rate of the power grid. By 2030, energy consumption per unit of value-added of industrial enterprises above designated size will decrease by more than 10% compared with 2025, and energy savings of more than 150 million tons of standard coal will be achieved through energy-saving and carbon-reduction renovations in key industries.

AUTOHOME-S (02518) announces Q3 results, with net profit attributable to shareholders of RMB195 million.

AUTOHOME-S (02518) announced its Q3 2026 results, with total net revenue of RMB1.315 billion; net profit attributable to ordinary shareholders of RMB195 million; and a proposed cash dividend of US$1.58 per American depositary share.

AUTOHOME-S (02518) will pay a regular dividend of US$0.395 per share on March 15, 2027.

AUTOHOME-S (02518) announced that it will pay a regular dividend of US$0.395 per share on March 15, 2027.

AI agent wave reshapes the travel gateway: What are Booking's (BKNG.US) growth prospects? Goldman Sachs Group, Inc. takes a cautious stance, closely watching booking conversion.

Goldman Sachs maintains a "Neutral" rating and lowers its 12-month target price from US$180 to US$175, implying approximately 12.4% upside from the closing price on the earnings release date.

LINMON MEDIA (09857): "Today Is Sunshower" is scheduled to premiere exclusively on Hunan TV and Mango TV on November 6.

LINMON MEDIA (09857) announced that "Today Is Sunshower," a youth healing coming-of-age drama co-produced by Linmon Media, Yiyisi, and Mango TV, is scheduled to premiere exclusively on Hunan TV and Mango TV on November 6, 2026, and to launch simultaneously worldwide on Netflix. The drama is directed by Mao De Shu, with Gu Jiehui and Cheng Xiaoyu as chief producers, Wang Li and Nie Dasen as producers, and Yang Chaoyue and Dong Sicheng in leading roles (ordered by the number of strokes in their surnames).

Auto industry October sales: "One superpower, multiple strong players" main landscape, exports become growth engine

Recently, automakers' October report cards were released in quick succession. BYD (01211) holds an absolutely leading position with 492,000 vehicles, while Leapmotor (09863) leads the new forces by a wide margin with 106,100 vehicles. XPeng and Xiaomi both surpassed 50,000 vehicles, and other new forces are also striving to catch up. "One superpower, multiple strong players" remains the main landscape, but this month's fluctuations may mean the elimination round has entered a critical stage.

Shanghai Fosun Pharmaceutical (02196): Phase III clinical trial of FXS6837 capsules for the treatment of paroxysmal nocturnal hemoglobinuria initiated in China

Shanghai Fosun Pharmaceutical (02196) announced that recently, Shanghai Fosun Pharmaceutical Development Co., Ltd. (hereinafter referred to as the "Company"), a controlled subsidiary of Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (hereinafter referred to as the "Company"), has initiated a Phase III clinical trial in China for FXS6837 capsules (formerly project code: XH-S003, hereinafter referred to as "FXS6837") for the treatment of paroxysmal nocturnal hemoglobinuria.

Northbound funds | Northbound net selling reached RMB3.277 billion; northbound funds rushed to buy SMIC and Hua Hong, while selling nearly HK$6 billion of TRACKER FUND OF HONG KONG (02800).

On November 4 in the Hong Kong stock market, northbound trading recorded a net sell of HK$3.277 billion. Among this, Stock Connect (Shanghai) recorded a net sell of HK$3.163 billion, and Stock Connect (Shenzhen) recorded a net sell of HK$115 million.

EMPEROR E HOTEL (00296) issues a positive profit alert, expecting interim profit attributable to shareholders of not more than HK$35 million, turning from loss to profit year-on-year.

EMPEROR E HOTEL (00296) announces that the Group is expected to record a profit attributable to owners of the Company of not more than HK$35 million for the six months ended September 30, 2026 (the current period) (2025: loss attributable to owners of the Company of HK$57.4 million). The turnaround from loss to profit was primarily due to a significant decrease in fair value losses on investment properties during the current period.

HK&S HOTELS (00045): Peninsula Hotels' Greater China RevPAR for Q3 2026 was HK$2,912

HK&S HOTELS (00045) announced that for the third quarter of 2026, The Peninsula Hotels' RevPAR was HK$2,912 in Greater China; HK$2,046 in Asia (excluding Greater China); HK$6,534 in the United States; and HK$10,600 in Europe.

CTFME (01097) subsidiary i-CABLE Hong Kong has awarded the main contract for the KOHO renovation works to the contractor through a letter of acceptance.

CTFME (01097) announced that on November 4, 2026, i-CABLE Hong Kong, a directly wholly-owned subsidiary of the Company, awarded the main contract for the KOHO renovation works to the contractor through a letter of acceptance, with a contract sum of HK$64 million.

HONGHUA GROUP (00196) subsidiary signs drilling rig sales agreement with Central Asian customer, with a total amount of approximately US$59 million.

HONGHUA GROUP (00196) announced that its subsidiary, Sichuan Honghua International Technology & Trade Co., Ltd. (Honghua International), recently signed a drilling rig sales agreement (the Sales Agreement) with a Central Asian customer (the Customer). Under the Sales Agreement, Honghua International will supply the Customer with multiple sets of automated drilling rigs of specific specifications, with a total contract amount of approximately US$59 million.

TSE SUI LUEN (00417) Issues Positive Profit Alert, Expects Interim Profit of Not Less Than HK$90 Million, Turning from Loss to Profit Year-on-Year

TSE SUI LUEN (00417) announced that the Group expects to record a profit of not less than HK$90 million for the six months ended September 30, 2026 (the current period), compared with a loss of HK$35.3 million for the six months ended September 30, 2025.

KARRIE INT'L (01050) issues a positive profit alert, expecting interim profit attributable to shareholders to increase by approximately 100% year-on-year.

KARRIE INT'L (01050) announced that the Group expects the profit attributable to owners for the unaudited consolidated financial results for the six months ended September 30, 2026 to record a significant increase of approximately 100% compared with the six months ended September 30, 2025.

Yankuang Energy Group (01171): Black gold market boom on the rise, Red Falcon consolidation adds incremental growth

The profit growth in the first three quarters validates the company's ability to realize earnings as a leading thermal coal player during the coal price upcycle, while the consolidation of Red Falcon injects a quantifiable and trackable incremental contribution from external growth into the fourth quarter and beyond.

National Energy Administration: In September, 3,552 new renewable energy power generation projects were registered nationwide.

Recently, the National Energy Administration issued the "Announcement on the Situation of Newly Added Registered Renewable Energy Power Generation Projects (Excluding Household Photovoltaic) Nationwide in September 2026."

WING CHI HLDGS (06080) Issues Profit Warning, Expects Interim Net Consolidated Loss Attributable to Shareholders of Not Less Than Approximately HK$12.2 million

WING CHI HLDGS (06080) announced that the Group expects to record a net consolidated loss attributable to owners of the Company of not less than approximately HK$12.2 million for the six months ended September 30, 2026 (the Period), compared to a net loss attributable to owners of the Company of approximately HK$12.9 million for the six months ended September 30, 2025.

The Insurance Authority of Hong Kong launches a public consultation on the review of annual fees and premium levies.

A spokesperson for the Insurance Authority of Hong Kong said: "This review is conducted in accordance with the original design of the funding source mechanism, to ensure that the Insurance Authority can effectively and sustainably perform its statutory functions, while minimizing the impact on policyholders and the international competitiveness of the insurance industry."

SBP GROUP (01177) Reaches Strategic Collaboration with Boehringer Ingelheim with Potential Total Value of US$7 Billion

SBP GROUP (01177) announced that the Group has entered into a strategic option and license agreement (the Agreement) with Boehringer Ingelheim. This is the second collaboration between the two parties in the oncology field, with both parties committed to jointly establishing a long-term strategic partnership.

CAFE DE CORAL H (00341) issues a positive profit alert, expecting interim profit attributable to shareholders of HK$95.8 million to HK$105 million, a year-on-year increase of 105% to 125%.

Cafe de Coral Holdings (00341) announced that the Group expects to record profit attributable to shareholders of between HK$95.8 million and HK$105 million for the six months ended September 30, 2026 (the review period), representing an increase of between 105% and 125% compared with HK$46.7 million for the six months ended September 30, 2025 (the corresponding period last year).

HENLIUS (02696): Phase 1 clinical trial of HLX109 injection (an anti-IL1RAP monoclonal antibody) for the treatment of generalized pustular psoriasis approved to commence in Australia

HENLIUS (02696) announced that recently, the Phase 1 clinical trial of its independently developed HLX109 injection (an anti-IL1RAP monoclonal antibody) (HLX109) for the treatment of generalized pustular psoriasis has been approved by the relevant Human Research Ethics Committee and has completed clinical trial notification with the Australian Therapeutic Goods Administration.

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