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MEITUAN Hyped Up 10% After Midday; BABA-W, JD-SW Rise 4%+; SAMR Reposts Commentary Urging End to Food Delivery War
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HSI Once Falters After Midday; Optical Communication Concept Stocks Rally, FIT HON TENG/ YOFC Skyrocket 14%/ ~12%
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POP MART, Under Hefty Selling after Midday, Slides 14%+; 2025 NP Swells ~3.1x In Line
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CSPC PHARMA Extends Gains to ~3%; 2025 Rev. Drops 10.4%, but Final DPS Added
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<H Shrs>HSI Rises 9 Pts at Midday; NONGFU SPRING Leaps 8%+; HAIDILAO Dives 10%
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<Research>M Stanley Projects Surging Memory Costs to Keep Eroding XIAOMI-W Smartphone Margin; Rating Overweight Kept
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<Results>POP MART Annual NP RMB12.776B, Up 308.8%, In Line; Final DPS Hikes to RMB2.3817
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<Research>M Stanley Raises TP for LAOPU GOLD Revenue and Earnings Forecast by 13-14% for 2026; Rating Overweight
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<Results>CSPC PHARMA Annual NP Sags 10.3%; Final DPS Adds to HKD0.15
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Tencent Launches Desktop Version of Yuanbao Pai
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<Results>COSCO SHIP INTL Full-Yr NP Surges 8.7% to HKD771M; Final & Special Div. Total HK29 Cents
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<Results>ANTA SPORTS Annual NP Falls 12.9% to ~RMB13.6B; Final DPS HKD108 Cents
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<Midday Takeaway>HSI Closes Midday at 25,073, Up 9 pts; HSTI Closes Midday at 4,807, Down 23 pts; XIAOMI Down over 3%; GEELY AUTO, FIT HON TENG, QINGSONG HEALTH, CGN POWER, EB ENVIRONMENT Hit New Highs
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<Research>Citi: NONGFU SPRING 2025 NP Beats; Top Buy in CN F&B
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PA GOODDOCTOR: AI Contributes ~4.5% to 2025 Gross Profit; AI Investment to Be Increased This Yr
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<Research>Daiwa Drops MINTH GROUP TP to $50, Keeps Buy Rating
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<Research>Daiwa Adds TP of LAOPU GOLD to HKD910, Reiterates Buy Rating
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<Research>Citi Rates CHINA OILFIELD as Buy; 2025 Results in Line
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JPM CEO: Mideast Conflict May Create Conditions for Lasting Resolution to Long-term Tensions
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<Research>CLSA Expects CHINA TELECOM 2026 Rev. to Remain Under Pressure, Cuts TP to $6
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