GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Sandisk (SNDK.US) saw its stock rise by 14%, with a goal to achieve mid-to-high double-digit revenue growth in the fiscal years 2028 to 2030.

On Thursday, SanDisk (SNDK.US) saw its gains widen to 14%, driving the storage sector to continue rising.

A-share Evening Highlights | Performance Reveals Strong Signals: Semiconductor Manufacturing International Corporation and Other Chip Giants Report Positive News

On the evening of August 13, major chip giants such as SMIC, Haiguang Information, and Hua Hong Semiconductor all announced their earnings on the same day, significantly exceeding expectations.

XIN YUAN ENT (01748) announced its interim results, with profit increasing by approximately 25.0% year-on-year to around 6 million USD.

Xinyuan Group (01748) announced its interim results for the six months ended June 30, 2026, reporting revenue of approximately $28.84 million, an increase of about 1.8% year-on-year. This increase was primarily due to the rise in average daily charter rates for asphalt vessels; profit increased by approximately 25.0% year-on-year to about $6 million; basic earnings per share stood at 1.36 cents.

XIN YUAN ENT (01748) announced its annual results for 2024, reporting a net profit of 14.556 million USD, an increase of 71.31% year-on-year.

Xinyuan Enterprise Group (01748) announced its annual results for the year ending December 31, 2024. The group achieved revenue of $61.509 million, an increase of 4.4% year-on-year; annual profit was $14.556 million, an increase of 71.31% year-on-year; earnings per share were 3.31 cents.

XIN YUAN ENT (01748) announced its mid-2025 interim results, with a profit of $4.823 million, a year-on-year decrease of 54.87%.

Xin Yuan Enterprise Group (01748) announced its interim results for the six months ended June 30, 2025. The group achieved a revenue of $28.296 million during the period, a decrease of 6.49% year-on-year; the profit for the period was $4.823 million, down 54.87% year-on-year; basic earnings per share were 1.1 cents.

US Stock Market Move | SpaceX (SPCX.US) fell nearly 4% against the trend, rebounding about 35% from yesterday's low.

On Thursday, SpaceX (SPCX.US) fell nearly 4% against the trend, and its stock price has risen about 35% since the low point on August 5, now reported at $140.67.

XIN YUAN ENT (01748) announced its 2025 annual performance, with annual profit of $8.512 million, a decrease of 41.52% year-on-year.

Xinyuan Enterprise Group (01748) announced its annual performance for the year ending December 31, 2025, with revenue of $56.897 million, a decrease of 7.5% year-on-year; annual profit of $8.512 million, a decrease of 41.52% year-on-year; and basic earnings per share of $1.93.

ST HLDGS (08305) announced its interim results, reporting a profit of HKD 662,000, a year-on-year increase of 250.26%.

Saint Tang Holdings (08305) announced its interim results for the six months ended June 30, 2026, with revenue of HK$79.682 million, a year-on-year increase of 11.42%; profit for the period was HK$662,000, representing a year-on-year growth of 250.26%; basic earnings per share were HK$0.0005.

Shenzhen Senior Technology Material (06067) plans to acquire 59.9806% equity of Bangci Electronic Technology (Yancheng) for 242 million yuan.

Xingyuan Materials (06067) announced that on August 13, 2026, the company entered into equity transfer agreements with various transferors. The company intends to acquire a total of 59.9806% equity in the target company, Bangci Electronic Technology (Yancheng) Limited Liability Company, from the transferors, with a total consideration of RMB 242 million. As of the date of this announcement, the company holds approximately 13.50% equity in the target company, and upon completion of the proposed equity transfer, the company will hold approximately 73.4806% equity in the target company, which will become a non-wholly-owned subsidiary of the company. The financial performance of the target group will be consolidated into the groups consolidated financial statements.

S. DRAGON (08493) intends to sell all the equity of Long Huang Holdings.

Zhilong Holdings (08493) announced that on August 13, 2026 (after trading hours), the company entered into a memorandum of understanding with Mr. Yang Weijie (the buyer), pursuant to which the company intends to sell the entire equity of its wholly-owned subsidiary Long Huang Holdings Limited (the target company) to the buyer (the proposed transaction).

US Stock Market Move | The Nasdaq Composite rose over 1%, with major tech stocks seeing a widespread increase. Intel Corporation (INTC.US) climbed nearly 5%.

On Thursday, the Nasdaq rose more than 1% during the trading session, with leading tech stocks experiencing widespread gains.

DESUN SERVICES (02270) issues a profit warning, expecting a mid-term loss attributable to shareholders of approximately 9.5 million to 14.2 million, a year-on-year shift from profit to loss.

DeShang ChuanTou Services (02270) announced that the group expects to record revenue of approximately RMB 243 million to RMB 258 million for the six months ending June 30, 2026, compared to approximately RMB 228 million for the six months ending June 30, 2025. Additionally, the group anticipates a net loss attributable to shareholders of approximately RMB 9.5 million to RMB 14.2 million for the reporting period, whereas the profit attributable to shareholders for the six months ending June 30, 2025, was approximately RMB 16.7 million.

The resilience of the U.S. economy perplexes the Federal Reserve! Consumer spending and AI investment remain strong. Richmond Fed President: The path to returning inflation to 2% still holds uncertainty.

Barkin pointed out that U.S. inflation is still above the Federal Reserve's target, real income has declined over the past year, and consumer sentiment has also worsened significantly.

US Stock Market Move | Bill Ackman buys back into Netflix (NFLX.US), stock rises nearly 5%.

On Thursday, Netflix (NFLX.US) surged nearly 5% in early trading, reaching $77.50.

Suzhou Novosense Microelectronics (02676) issued a profit warning, expecting a net profit attributable to the parent company of approximately 67 million yuan in the first half of 2026, turning a loss into a profit year-on-year.

NAXIN Microelectronics (02676) announced that, based on preliminary calculations by the financial department, the company expects to achieve an operating revenue of approximately RMB 2.54 billion in the first half of 2026, an increase of about RMB 1.016 billion compared to the same period last year, representing a year-on-year growth of approximately 66.70%.

Zhongji Innolight (03308) plans to acquire a 10.47% stake in Jones Tech Plc.

Zhongji Xuchuang (03308) announced that, based on the recognition of the long-term investment value of Beijing Zhongshi Weiye Technology Co., Ltd. (hereinafter referred to as "Zhongshi Technology" or "the target company"), the company signed a Share Transfer Agreement regarding Beijing Zhongshi Weiye Technology Co., Ltd. with Mr. Wu Xiaoning, Ms. Ye Lu, and Mr. Han Wu on August 13, 2026 (hereinafter referred to as "the transferors"). The company intends to acquire 31,372,500 shares of the target company (unrestricted circulating shares) in cash, which accounts for 10.47% of the total share capital of Zhongshi Technology.

US Stock Market Move | The storage sector collectively rose, with SanDisk (SNDK.US) increasing by over 4%.

On Thursday, the storage sector surged collectively.

US Stock Market Move | The S&P 500 Index surpassed 7800 points for the first time, with component stock Super Micro Computer, Inc. (SMCI.US) rising over 7%.

As of the time of publication, the stock has risen over 7%, trading at $40.335.

FURNIWEB (08480) announced its interim results, reporting a profit of 3.422 million ringgit during the period, a decrease of 70.73% year-on-year.

Feini Holdings (08480) announced its interim results for the six months ending June 30, 2026, with revenues of 89.458 million Malaysian Ringgit, a year-on-year decrease of 20.88%; net profit of 3.422 million Malaysian Ringgit, a year-on-year decrease of 70.73%; and basic earnings per share of 0.37 Malaysian cents.

Federal Reserve FOMC voting member Harker calls for an "immediate rate hike," yet economic data continues to release dovish signals.

Cleveland Fed President Loretta Mester questioned whether recent signs of slowing inflation would persist and reiterated her call for raising interest rates now.

PERFECT OPT(08311) announces its interim results, with a loss attributable to shareholders of HKD 11.01 million, a decrease of 12.79% year-on-year.

Yuanmei Optoelectronics (08311) announced its interim results for the six months ended June 30, 2026, with group revenue of HK$50.533 million, a year-on-year increase of 2.05%; a loss attributable to shareholders of HK$11.01 million, a year-on-year decrease of 12.79%; and a loss per share of HK$0.74.

The S&P 500 index set a new intraday record high.

US Stock Market Move | The full-year AI revenue forecast disappointed the market, and Cisco Systems, Inc. (CSCO.US) opened down more than 7%.

On Thursday, Cisco (CSCO.US) opened down over 7%, currently reported at $114.94.

WTI crude oil fell 3% intraday and is currently priced at $80.75 per barrel.

The Nasdaq 100 Index rose by 1%; the S&P 500 Index increased by nearly 0.6%.

KINETIC DEV (01277) entered into a share subscription agreement and a bridge loan agreement with MC Mining.

Power Development (01277) announced that on August 13, 2026, the company entered into a share subscription agreement with MC Mining. This company is an indirect non-wholly-owned subsidiary of the company, duly registered and validly existing under Australian law, and its securities are listed on the JSE and ASX (ASX: MCM).

US Stock Market Move | Q2 performance fell short of expectations. "NVIDIA Corporation challenger" Cerebras Systems (CBRS.US) opened with a drop of over 15%.

On Thursday, "NVIDIA Challenger" Cerebras Systems (CBRS.US) opened with a drop of over 15%, currently priced at $226.20.

CON AERO TECH (00232) released its interim results, showing a loss attributable to shareholders of HKD 100.2 million, turning from profit to loss year-on-year.

China Aviation Technology Holdings (00232) announced its interim results for the six months ended June 30, 2026, with revenue of HK$951 million, a decrease of 5.42% year-on-year; the loss attributable to the company's owners for the period is HK$100.2 million, compared to a profit of HK$64.29 million in the same period last year; basic loss per share is HK$1.08.

U.S. stock market opens: all three major indexes rise.

The Dow Jones rose 0.21%, the S&P 500 rose 0.21%, and the Nasdaq rose 0.13%. HP rose 6.22%, HPE rose 5.42%, Dell rose 5.11%, Carnival rose 3.04%, Netflix rose 2.68%, and American Tower rose 2.46%. Regarding the "Seven Sisters": Meta Platforms rose 1.01%, Apple rose 0.51%, Microsoft rose 0.49%, Nvidia rose 0.31%, Google rose 0.11%, Amazon fell 0.52%, and Tesla fell 0.69%.

The number of initial jobless claims in the United States has risen moderately to 209,000, significantly increasing the likelihood that the Federal Reserve will maintain its current policy in September due to low inflation.

After being maintained near historical lows for a period of time, the number of initial jobless claims in the United States rose last week.

The dual decline of energy and food prices has led to a narrowing of the year-on-year increase in the U.S. PPI for July to 4.7%, echoing the trend of cooling in the CPI.

Due to the further decline in energy and food costs, the year-on-year increase in wholesale inflation in the United States in July was lower than market expectations, continuing its downward trend.

WL DELICIOUS (09985) announced its interim results, with a profit attributable to shareholders of 767 million yuan, an increase of 4.58% year-on-year.

Weilong Delicious (09985) announced its interim results for the six months ending June 30, 2026, reporting revenue from customer contracts of RMB 3.715 billion, an increase of 6.66% year-on-year; profit attributable to owners of the company was RMB 767 million, up 4.58% year-on-year; earnings per share were RMB 0.32; an interim dividend of RMB 0.19 per ordinary share and a special dividend of RMB 0.09 per ordinary share were declared.

WL DELICIOUS (09985) will distribute a special dividend of HKD 0.104 per share on October 26.

Weilong Delicious (09985) announced that it will distribute a special dividend of HKD 0.104 per share for the six months ended June 30, 2026, on October 26, 2026.

WL DELICIOUS (09985) will distribute an interim dividend of 0.19 yuan per share on October 26.

Weilong Delicious (09985) announced that the company will distribute a mid-term dividend of RMB 0.19 per share for the six months ended June 30, 2026, on October 26, 2026.

CK ASSET (01113) 2026 Interim Results: Financial Cash Flow Stable, Continuing to Operate with a Prudent Strategy.

On August 13, CK Asset Holdings Limited (01113) released its mid-term results for the year 2026.

Z FIN (01168) issued a profit warning, expecting the mid-term loss attributable to shareholders not to exceed 200 million Hong Kong dollars.

Z FIN (01168) announced that the group expects to incur a loss attributable to equity holders of no more than HKD 200 million for the six months ending June 30, 2026, while for the six months ending June 30, 2025, the loss attributable to equity holders was approximately HKD 507.1 million.

MELCO INT'L DEV (00200): Melco Resorts and Entertainment's net income attributable to shareholders for the second quarter was $22.7 million, an increase of 31.98% year-on-year.

New World Development Company Limited (00200) announced that Melco Crown Entertainment Limited (Melco Crown Entertainment) reported total operational revenue of $1.25 billion for the second quarter of 2026, a decrease of approximately 6% year-on-year. The decline in total operational revenue is mainly attributed to the slowdown in the performance of the VIP gaming and mass gaming tables, as well as overall non-gaming operations. Operating income was $127.8 million, representing a year-on-year increase of 2.49%; the net income attributable to Melco Crown Entertainment was $22.7 million, an increase of 31.98% year-on-year.

KIN PANG HLDGS (01722) issued a profit warning, expecting a consolidated loss attributable to shareholders of not less than MOP 25 million for the first half of the year, marking a significant shift from profit to loss compared to the same period last year.

Jianpeng Holdings (01722) announced that the Group is expected to incur an unaudited consolidated loss attributable to the Companys owners of no less than 25 million Macanese Patacas for the six months ending June 30, 2026 (the current period), whereas the Company recorded an unaudited consolidated profit attributable to its owners of approximately 400,000 Macanese Patacas for the same period in 2025.

DYNASTY DIGITAL (00451) issues a positive profit alert, expecting a net profit of no more than 5 million yuan for the interim period, marking a turnaround compared to the same period last year.

Times Digital (00451) announced that the group expects to record a net profit of no more than RMB 5 million for the six months ending June 30, 2026, while for the six months ending June 30, 2025, the group recorded a net loss of approximately RMB 240 million.

ZERO FINTECH (00093) announces a positive profit forecast, anticipating that the pre-tax profit for the first half of the year will not be less than approximately 65 million Hong Kong dollars, marking a year-on-year increase.

Zero Tech Financial (00093) announced that it expects an unaudited pre-tax profit of not less than approximately HKD 65 million for the six months ending June 30, 2026, while the unaudited pre-tax profit for the six months ending June 30, 2025, was approximately HKD 25 million.

COSMOS MACH(00118) is planning to sell all its shares in Hefei Datong Gran Plastic Industry for 48 million yuan.

Datong Machinery (00118) announced that on August 13, 2026 (after trading hours), the seller, Gran Technology Products Limited (an indirect wholly-owned subsidiary of the company), entered into a share transfer agreement with the buyer, Hefei Granmei New Materials Co., Ltd. According to this agreement, the seller has agreed to sell and the buyer has agreed to acquire all shares of the target company, Hefei Datong Gran Plastic Industry Co., Ltd., for a consideration of 48 million yuan.

LONGCHEER (09611) plans to acquire an 80% equity stake in Suzhou Anruike Information Technology for a total of 1.12 billion yuan.

Longqi Technology (09611) announced that on August 13, 2026, the company entered into an equity transfer agreement with the sellers (Ren Ligong, Ding Zhiyong, Chen Bo, Wang Zhonghui, Suzhou Ruionyong, and Suanwang Investment), which includes the Founder Equity Transfer Agreement, Incentive Platform Equity Transfer Agreement, Institutional Seller Equity Transfer Agreement, and Individual Seller Equity Transfer Agreement. According to this agreement, the company agrees to acquire a total of 80% equity in the target company (Suzhou Anruike Information Technology Co., Ltd.) from the sellers, with a total consideration of RMB 1.12 billion.

Wang He intends to make a tender offer for 56,320,200 shares of TONTINE WINES (00389).

Tongtian Distillery (00389) and the offeror Mr. Wang He jointly announced that on August 6, 2026 (after trading hours), the offeror notified the target company of their intention to make a partial acquisition offer (in accordance with the Takeover Code) to acquire 56,320,200 offer shares at an offer price of HKD 0.20 per share, which are not currently owned by the offeror and their concert parties (accounting for approximately 18.68% of the total issued share capital of the target company as of the date of this announcement).

Unrelated to AI, but still needing to pay up! The wave of debt issuance from US tech giants spills over, with CDS for steady companies like luxury goods and pharmaceuticals rising by over 10%.

Strategists at BNP Paribas have stated that due to intensified competition for capital, the issuance of bonds by American technology companies is leading to an increase in the risk indicators of some of the world's safest companies.

Technology stocks account for less than 10% of the total weight; how does the AI market in Europe manage to compete with the U.S. stock market?

Although the weight of technology stocks in the European stock market is not high, there are still winners in the field of artificial intelligence (AI) that are sufficient to make up for this shortfall.

The U.S. Producer Price Index (PPI) for July has an annual rate of 4.7%, expected to be 4.9%, compared to the previous value of 5.50%.

LIU CHONG HING (00194) will distribute a mid-term dividend of HK$0.11 per share on September 16.

Liao Chuangxing Enterprises (00194) announced that it will distribute an interim dividend of HKD 0.11 per share for the six months ended June 30, 2026, on September 16, 2026.

LIU CHONG HING (00194) released its interim results, reporting a loss attributable to shareholders of HKD 269 million, turning from profit to loss year-on-year.

Liao Chuangxing Enterprise (00194) announced its interim results for the six months ending June 30, 2026, with revenue of HK$442 million, a year-on-year decrease of 19.92%; shareholder's loss of HK$269 million, compared to a profit of HK$16.6 million in the same period last year; basic loss per share of HK$0.71. It is proposed to declare an interim cash dividend of HK$0.11 per share.

GHPC (01847) issued a profit warning, anticipating a net loss of approximately 49.6 million yuan for the first half of the year, an increase compared to the same period last year.

Yunnan Construction Investment Concrete (01847) announced that the Group anticipates a net loss of approximately RMB 49.6 million for the six months ending June 30, 2026, compared to a net loss of approximately RMB 20.7 million for the six months ending June 30, 2025. The primary reason for the expected loss is that in the first half of 2026, despite the Group's total operating revenue increasing to approximately RMB 655.5 million (an increase of about 17.7% compared to the first half of 2025), the Group will need to recognize credit impairment losses of approximately RMB 83.3 million on receivables due to a large base of receivables, which represents an increase of about RMB 60.6 million compared to the credit impairment losses recognized on receivables in the first half of 2025 (RMB 22.7 million).

GDS-SW (09698) released its second-quarter results, with a net profit of 838 million yuan, turning a profit year-on-year.

GDS Holdings Limited (SW(09698)) announced its second-quarter results for the three months ending June 30, 2026, with net revenue increasing by 6.5% year-on-year to RMB 3.088 billion; net profit was RMB 838 million, compared to a net loss of RMB 70.584 million in the same period last year; basic earnings per share were RMB 0.52.

Latest

8 m ago

Manhattan rents hit new highs, with some spending $4,000 just to access "hidden listings."

17 m ago

Market news: Egan-Jones Ratings Company responds to the SEC's decision and elaborates on its registration path.

24 m ago

U.S. mortgage rates have declined slightly for the first time in six weeks.

25 m ago

Saskatchewan Premier Scott Moe stated that there are several sensitive issues in the negotiations, with dairy products being one of them, and he noted that the progress of the discussions is encouraging.

25 m ago

The Colombian disaster management agency reported that the death toll from the earthquake has risen to 273, with 377 people still missing.

Seeking Coverage

Being Writer

Exploring Cooperation