Group 1 - Concerns about AI disruption have led to significant divergence in the travel and leisure industry, with online travel platform stocks plummeting while traditional hotel operators' stocks surged [1] - TripAdvisor's stock has fallen 29% this year, hitting a historical low after disappointing earnings, while Booking Holdings and Amadeus IT Group have seen declines of 22% [1] - In contrast, Marriott's stock has risen 14% and Hilton's stock has increased by 12% this year, with analysts raising target prices following Hilton's earnings report [1] Group 2 - The sell-off in travel stocks accelerated in early February as investors fled companies perceived to be vulnerable to AI disruption, initially triggered by a new tool from Anthropic [4] - The sell-off has spread to IT services, wealth management, real estate platforms, and logistics sectors, with significant drops in stocks like Charles Schwab and LPL Financial [4] - Concerns about AI's impact on office space demand have led to declines in commercial real estate stocks, with major firms like CBRE and JLL experiencing drops of 8.8% and 7.6% respectively [4] Group 3 - The market is currently characterized by a "sell first, ask questions later" mentality, as fears of AI disruption escalate with the rollout of AI products [4] - The Dow Jones Transportation Average has outperformed the S&P 500 by 13 percentage points over the past month and a half, driven by strong economic data and a trend of reducing exposure to tech giants [4] - Investors are increasingly seeking alternatives to AI-related stocks, with strong economic conditions reinforcing positive investment logic in traditional sectors [5] Group 4 - The software sector has experienced significant sell-offs, presenting a buying opportunity for investors, as many software stocks are considered severely oversold [6] - Despite recent declines in software stocks, there is a belief that market turmoil is creating favorable conditions for savvy investors [6] - A significant divergence in growth prospects and fundamental expectations among software companies is anticipated, rather than a uniform rebound across the market [6]

Group 1 - The company HuTongDa Network (09878) announced the acquisition of a 25% stake in JinTongLing (300091.SZ), with the target company's restructuring plan completed as of February 13, 2026 [1] - JinTongLing is a leading industrial internet company in China that empowers rural retail stores through digital technology and supply chain capabilities, aiming to improve the lives of farmers [1] - The company focuses on "smart supply chain" and "AI+" strategies, promoting integrated production and sales, and enhancing innovative applications in urban and rural circulation [1] Group 2 - The target company specializes in manufacturing fluid machinery, including industrial blowers and centrifugal air compressors, with applications in wastewater treatment, food fermentation, and industrial cooling systems [2] - The acquisition aligns with the group's overall strategic direction and aims to enhance synergy and value in existing business segments, leveraging JinTongLing's technical capabilities to strengthen upstream bargaining power [2] - The company plans to nominate a majority of the board members at JinTongLing and appoint key management personnel to lead daily operations and strategic decisions, ensuring the objectives of the acquisition are met [2]

Core Viewpoint - The company, Qiao Feng Intelligent (301603.SZ), has announced a draft for its 2026 restricted stock incentive plan, aiming to enhance employee motivation and retention through stock ownership [1] Group 1 - The total number of restricted stocks to be granted under the incentive plan does not exceed 3.63 million shares, accounting for approximately 3.01% of the company's total share capital at the time of the announcement [1] - The initial grant will consist of 2.925 million shares, while a reserve of 705,000 shares will be set aside for future grants [1] - The grant price, including the reserved shares, is set at 37.10 yuan per share [1]

顺丰控股（002352）(06936)发布公告，公司2026年1月速运物流业务、供应链及国际业务合计收入为人 民币268.60亿元，同比增长2.22%。 其中公司坚持可持续健康发展的经营基调，升级激活经营进阶机制，动态调优市场策略，以高品质服务 满足客户多元化物流需求，追求业务高质量增长;尽管国际海运价格同比回落影响公司国际货运及代理 业务收入增速，但公司凭借全球网络优势与丰富产品组合，灵活应对市场变化，积极把握企业出海新机 遇，使得国际货运代理业务收入同比实现增长。供应链业务、国际快递及跨境电商物流业务收入保持较 快增长，带动整体供应链及国际业务收入同比增长17.23%。 ...

香港联交所最新资料显示，2月10日，小摩增持凯莱英（002821）(06821)9400股，每股作价87.5591港 元，总金额约为82.31万港元。增持后最新持股数目约为167.41万股，最新持股比例为6.01%。 ...

Group 1 - Morgan Stanley increased its stake in Jinli Permanent Magnet (300748)(06680) by 254,200 shares at a price of HKD 21.7208 per share, totaling approximately HKD 5.5214 million [1] - After the increase, the total number of shares held by Morgan Stanley is approximately 16.6448 million, representing a holding percentage of 7.09% [1]

Group 1 - The company, Green Tea Group (06831), announced a share buyback on February 13, 2026, spending HKD 170,800 to repurchase 24,400 shares [1] - The buyback price ranged from HKD 6.92 to HKD 7.06 per share [1]

香港联交所最新资料显示，2月11日，Hermes Investment Management Ltd增持中海石油化学(03983)34万 股，每股均价2.78港元，总金额为94.52万港元。增持后最新持股数目约为2.52亿股，最新持股比例为 14.01%。 ...

Group 1 - Cathay Pacific Airways Limited increased its stake in Cathay Pacific (00293) by approximately 643 million shares at a price of HK$10.8374 per share, totaling around HK$6.969 billion [1] - Following the increase, the total number of shares held by the company is approximately 643 million, representing a holding percentage of 9.56% [1] - On February 12, 2026, Qatar Airways Group Q.C.S.C. executed a buyback deed for the off-market share buyback of 643,076,181 shares from Qatar at the same price of HK$10.8374 each [1]

Group 1 - Healthblooming Limited increased its stake in Brainstorm Cell Therapeutics Inc. (06681) by acquiring 1.2 million shares at a price of HKD 4.6927 per share, totaling approximately HKD 5.6312 million [1] - Following this transaction, Healthblooming Limited's total shareholding in Brainstorm Cell Therapeutics Inc. reached 82.104 million shares, representing a 6.04% ownership stake [1] - The transaction involved other related parties, specifically Zhao Yujie [1]