Core Viewpoint - The Apple-related stocks in the Hong Kong market have seen significant gains, particularly Hon Teng Precision, which rose over 19%, while other companies like BYD Electronics and others also experienced positive movements. This surge is attributed to positive earnings reports and strategic investments by Apple [1]. Group 1: Company Performance - Hon Teng Precision reported a revenue of $2.305 billion for the first half of the year, an increase of 11.53% year-on-year, but the profit attributable to shareholders decreased by 3.11% to $31.511 million [1]. - BYD Electronics saw a stock price increase of 3.04%, while other companies such as Q Technology, FIH Mobile, and GoerTek also reported gains of over 1% [1]. Group 2: Market Sentiment and Future Outlook - CCB International expressed optimism about Hon Teng's accelerated business transformation in the second quarter following discussions with management [1]. - CITIC Securities highlighted Apple's commitment to invest an additional $100 billion in domestic manufacturing in the U.S., viewing this as a strategy to mitigate potential punitive tariffs on hardware products. The firm also noted that the current valuations of Apple supply chain companies are relatively low, suggesting a potential recovery in market sentiment [1].

Group 1 - The core viewpoint of the article highlights the recent stock performance of BYD Electronics, which experienced a decline of 3.18%, trading at 39.56 HKD per share with a transaction volume of 4.92 billion HKD [1] - BYD Electronics is identified as a leading global platform-based high-end manufacturing enterprise, providing a comprehensive range of services including new material development, product design and R&D, component and complete machine manufacturing, supply chain management, logistics, and after-sales services [1] - The company's business spans multiple diversified market sectors such as smartphones, tablets, new energy vehicles, smart home devices, gaming hardware, drones, IoT, robotics, communication equipment, and healthcare [1] Group 2 - As of the 2024 annual report, BYD Electronics reported total operating revenue of 177.306 billion RMB and a net profit of 4.266 billion RMB [2] - BYD Electronics is scheduled to disclose its mid-year report for the fiscal year 2025 on August 29 [3]

Key Points - Xiaomi Group-W (01810), Crystal International Holdings (02228), and BYD Electronic (00285) ranked top in net inflow of southbound funds, with net inflows of 562 million, 227 million, and 213 million respectively [1][2] - Xpeng Motors-W (09868), Innovent Biologics (01801), and Ganfeng Lithium (01772) had the highest net outflows, with net outflows of -663 million, -535 million, and -410 million respectively [1][2] - In terms of net inflow ratio, Haitian Flavoring and Food (03288), Jiangsu Nanjing Highway (00177), and Swire Properties B (00087) led the market with ratios of 55.51%, 49.37%, and 46.46% respectively [1][2] - The highest net outflow ratios were recorded by Reshape Energy (02570), Southbound Hang Seng Index ETF (03037), and First Pacific Company (00142) with ratios of -90.77%, -68.70%, and -60.36% respectively [1][3] Net Inflow Rankings - Xiaomi Group-W (01810) had a net inflow of 562 million, representing 8.75% of its closing price of 50.800, which decreased by 0.88% [2] - Crystal International Holdings (02228) saw a net inflow of 227 million, with a net inflow ratio of 11.34% and a closing price of 7.450, which increased by 4.78% [2] - BYD Electronic (00285) recorded a net inflow of 213 million, with a net inflow ratio of 13.41% and a closing price of 38.680, which increased by 6.15% [2] Net Outflow Rankings - Xpeng Motors-W (09868) experienced the largest net outflow of -663 million, with a net outflow ratio of -20.13% and a closing price of 83.600, which increased by 5.36% [2] - Innovent Biologics (01801) had a net outflow of -535 million, with a net outflow ratio of -19.67% and a closing price of 89.950, which decreased by 1.42% [2] - Ganfeng Lithium (01772) recorded a net outflow of -410 million, with a net outflow ratio of -19.45% and a closing price of 34.000, which increased by 20.91% [2] Net Inflow Ratio Rankings - Haitian Flavoring and Food (03288) had a net inflow ratio of 55.51%, with a net inflow of 21.1399 million and a closing price of 33.560, which decreased by 0.47% [3] - Jiangsu Nanjing Highway (00177) recorded a net inflow ratio of 49.37%, with a net inflow of 14.6726 million and a closing price of 9.980, which decreased by 0.40% [3] - Swire Properties B (00087) had a net inflow ratio of 46.46%, with a net inflow of 4.0945 million and a closing price of 12.160, which decreased by 0.57% [3]

Niki：快手在中午的時候，跌幅比較急，成交額排行在港股市場榜首的位置。消息方面，市場有消息指出"快手-W(01024.HK)旗下快手本地生活近日在「團 購」頁面上線獨立「外賣」入口，可連接到「外賣省心購」的頁面，商品覆蓋漢堡披薩、咖啡奶茶、速食便當等品類，品牌包括肯德基、麥當勞、瑞幸及星 巴克等。"大家都比較關注市場競爭的情況。市場對於這個消息的反應，從股價也看的出來，比較負面一些。今日看到有投資者參與快手的認沽證產品，其 中中銀認沽證17484，行使價50元，槓桿2-3倍，明年12月到期，如果認為快手沒有調整完的話，都可以繼續關注這只產品。認購證方面，中銀認購證 17442，行使價88.93元，槓桿4倍，明年7月到期。 Simon：今日很高興再次邀請中銀國際的董事朱紅Niki做客我們的專欄，分享港股市場，不如先看看指數的情況？ Niki：感謝邀請。近期指數在25000點上上落落。今日曾經上過25000樓上，最終收市24969位置。指數走的比較牛皮，觀察後市能否企穩25000之上？目前恆 指的牛熊證街貨分佈顯示，投資者主流買入牛證。差不多65%資金買入牛證，大概有35%資金買入熊證淡倉，與上周情況一樣，沒有 ...

Summary of Key Points Core Viewpoint - The report highlights the top short-selling stocks in Hong Kong, indicating significant short-selling activity in companies like New World Development, Hong Kong Exchanges, and BYD, with notable short-selling ratios and amounts [1][2]. Short-Selling Ratios - New World Development (80016) has the highest short-selling ratio at 100.00% - Hong Kong Exchanges (80388) follows with a short-selling ratio of 94.27% - BYD (81211) has a short-selling ratio of 94.13% [1][2]. Short-Selling Amounts - Alibaba (09988) leads in short-selling amount with HKD 1.546 billion - Tencent (00700) has a short-selling amount of HKD 1.265 billion - Xiaomi (01810) follows with HKD 1.188 billion [1][2]. Deviation Values - Hong Kong Exchanges (80388) has the highest deviation value at 54.37% - New World Development (80016) has a deviation value of 41.90% - Alibaba (89988) shows a deviation value of 39.84% [1][2].

Core Viewpoint - BYD announced the acquisition of Jabil's manufacturing operations in Chengdu and Wuxi for approximately RMB 15.8 billion (equivalent to USD 2.2 billion), aiming to expand its smartphone components business and improve customer and product structure [1][3]. Group 1: Acquisition Details - The acquisition will enhance BYD's smartphone components business and is considered a significant transaction for Jabil, which is a wholly-owned subsidiary of Jabil Inc. [3][5]. - Jabil ranks fourth among the world's largest electronic manufacturing service providers, with operations in 30 countries and over 250,000 employees [3]. - The Chengdu facility focuses on adhesive, anodizing, anti-soiling coatings, automation, and battery management, while the Wuxi facility specializes in printed circuit board assembly and automation manufacturing systems [3][4]. Group 2: Financial Performance - BYD Electronics reported a significant recovery in performance, with a projected net profit increase of 115%-146% year-on-year for the first half of the year, driven by increased market share from major clients and growth in new energy vehicles and smart products [4][6]. - Jabil's fiscal year 2022 revenue was USD 33.5 billion, with an operating profit of USD 1.4 billion, and it expects to achieve USD 34.7 billion in revenue for fiscal year 2023 [5]. Group 3: Market Impact - Following the announcement, BYD Electronics' stock experienced volatility, with a maximum intraday drop of over 9% before recovering [2]. - The acquisition is expected to create strategic opportunities for BYD Electronics, enhancing its competitive edge and market share in the smartphone components sector [4].

Group 1 - The Hang Seng Index rose by 0.09% during the midday close [1] - The Hang Seng Tech Index experienced a decline of 0.39% [1] - BYD Electronics saw an increase of over 4% [1] Group 2 - Kingdee International faced a significant drop of over 7% [1]

Group 1 - The Hang Seng Index rose by 0.09%, gaining 22 points to close at 24,929 points, while the Hang Seng Tech Index fell by 0.39%. The morning trading volume in Hong Kong was HKD 110.2 billion [1] - Dairy stocks led the gains, with expectations that fertility subsidies will boost dairy product demand. Institutions noted that the meat and milk cycle is favorable for livestock companies. Notable stock performances include: Aoyuan Group up 35.62%, Modern Farming up 15%, and China Shengmu up 13% [1] - Hong Teng Precision (06088) saw a rise of over 7% due to the mass production ramp-up of its GB200 series products, while BYD Electronics (00285) increased by over 4% [1] - Zhonghui Biotechnology-B (02627) surged over 16% on its second day of trading, following a nearly 158% increase the previous day, with a total market capitalization exceeding HKD 15 billion [1] - Ping An Good Doctor (01833) rose by 5.6%, reporting significant achievements in its medical AI products and ongoing optimization of its business structure [1] - Huachen China (01114) increased by over 9%, with expected profit growth of 13% to 16% for the first half of the year [1] - Zhenjiu Lidu (06979) rose by over 8%, with institutions suggesting that policy variables are accelerating industry clearing, and performance bottoming is expected as early as the first half of next year [1] Group 2 - Lithium stocks fell in early trading, with strong expectations of a contraction in lithium supply. Analysts indicated that the overall demand increase for the second half of the year lacks imagination. Tianqi Lithium (09696) dropped by 8%, and Ganfeng Lithium (01772) fell by 5% [2]

Group 1 - The AI server concept stocks are experiencing significant gains, with Hongteng Precision (06088) rising by 6.93% and BYD Electronics (00285) increasing by 5.38% [1] - Industrial Fulian reported a revenue of 360.76 billion yuan for the first half of 2025, a year-on-year increase of 35.58%, and a net profit of 12.113 billion yuan, up 38.61% [1] - The overall server revenue for the second quarter grew by over 50%, with cloud service provider server revenue increasing by over 150% and AI server revenue rising by over 60% [1] Group 2 - The GB200 series products have accelerated production since April, with an expected cumulative output of 7,000 units in the first half of the year, and GB300 is anticipated to enter sample production in the second half [2] - The global AI server OEM/ODM leaders, including Industrial Fulian as a top-tier supplier for the GB200 servers, are expected to benefit from hardware advancements [2] - BYD Electronics is also involved in the mass production and shipment of AI server products, while Hongteng Precision is supplying GB200/300 server connectors and liquid cooling components [2]

Core Viewpoint - BYD Electronic (00285) has shown a significant increase in stock price, rising by 5.17% to reach HKD 40.68 per share, with a trading volume of HKD 546 million [1]. Group 1: Company Overview - BYD Electronic (International) Co., Ltd. is a leading global platform-based high-end manufacturing enterprise, providing a comprehensive range of services including new material development, product design and R&D, component and complete machine manufacturing, supply chain management, logistics, and after-sales services [1]. - The company's business spans multiple diversified market sectors, including smartphones, tablets, new energy vehicles, smart home devices, gaming hardware, drones, IoT, robotics, communication equipment, and healthcare [1]. Group 2: Financial Performance - As of the 2024 annual report, BYD Electronic reported total operating revenue of CNY 177.306 billion and a net profit of CNY 4.266 billion [2].