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<Research>BOCI Expects POP MART Shr Buyback to Restore Mkt Confidence; Labubu Remains Key Pillar
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POP MART Spikes 5%+ after Midday; BOCI Foresees Shr Buyback to Restore Mkt Confidence
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Societe Generale Plans to Axe 1,800 Jobs by End of 2027
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<Research>Jefferies: Microsoft Rated at Buy as Valuation More Attractive Than Peers
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<Research>Jefferies Keeps BIDU-SW Buy Rating with TP of HKD176
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<Research>M Stanley Rates GDS Holdings, VNET Group as Overweight w/ Higher TPs
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<Research>JPM: Semiconductor & Equipment Industry's 4Q Results Likely in Line or Beat; Nvidia, Broadcom Rated Overweight
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<H Shrs>HSI Drops 26 Pts at Midday, but BIDU Leaps 4%+; ASMPT Swells 6%
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<Research>JPM More Positive on Short-term Lithium Prices but Cautious on Mid-term Trend
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<Research>M Stanley: AI Diffusion & Industrial Upgrades Drive Growth; GEEKPLUS-W Liked w/ TP $37
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<Midday Takeaway>HSI Closes Midday at 26,558, Down 26 pts; HSTI Closes Midday at 5,722, Down 23 pts; WHARF REIC Up over 4%; WHARF REIC, BIDU-SW, SHK PPT, SINOPEC CORP, CK ASSET Hit New Highs
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<Commodity>G Sachs Raises Gold Price Forecast to USD5.4K/ Ounce at End-2026
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<Research>UOB Kay Hian Expects TENCENT 4Q25 Rev. to Rise 13% YoY, Maintains Buy Rating
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<Research>Citi: Shanghai SAT's RMB100K Fine on PDD May Hint Smaller-than-feared Issues, but Profit Growth Uncertainty Remains
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<Research>CMBI Ratings, TPs on Auto/ Parts/ Related Stocks (Table)
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<Research>Citi Reiterates Buy Rating on KINGDEE INT'L as 2025 Profit Misses Mkt Consensus
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<Research>Daiwa Reiterates Buy on CHOW TAI FOOK; Same-store Sales Growth Still Improving
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<Research>Citi: AI/ Cloud Computing Most Preferred in CN Internet Sector, Followed by Online Game
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<Research>Citi Rates TONGCHENGTRAVEL as Buy on Reasonable Valuation & Stable Fundamentals
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<Research>JPM Lifts BIDU-SW's TP to HKD195; Early AI Momentum Begins to Galvanize Rev. Stabilization
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