Group 1 - The Hang Seng Index closed up 0.54%, while the Hang Seng Tech Index rose by 0.38% [1] - Sectors such as machinery, infrastructure, non-ferrous metals, coal, and lithium batteries saw significant gains, with China Longgong (03339.HK) increasing by over 15% [1] - Conversely, sectors like Apple, domestic banks, and biomedicine performed poorly, with Weishi Jiajie (00856.HK) declining by over 6% [1] Group 2 - CEC International (00759.HK) experienced a remarkable increase of 259% following news of JD.com acquiring Jiabao [1]

Group 1 - China's Q2 GDP growth reached 5.2%, exceeding expectations, leading to a rally in Hong Kong stocks [1] - The Hang Seng Technology Index surged by 2.8%, while the Hang Seng Index and the National Enterprises Index rose by 1.6% and 1.65% respectively [1][2] - Major technology stocks performed strongly, with Alibaba rising nearly 7%, Meituan and Baidu up over 4%, and Tencent increasing by 3.5% [2][4] Group 2 - The cryptocurrency sector faced challenges, with Bitcoin dropping below $117,000, leading to a decline in related stocks [2] - Real estate development investment in China fell by 11.2% year-on-year in the first half of the year, impacting domestic property stocks significantly [2][13] - The construction materials and cement stocks also saw declines, with major players like Jinyu Group and Anhui Conch Cement dropping over 6% and 4% respectively [11][12] Group 3 - The innovative drug sector showed strength, with companies like BeiGene and CSPC Pharmaceutical rising over 7% [7][8] - Stablecoin-related stocks performed well, with Yunfeng Financial increasing by 19.5% and Weishi Jiajie up by 11% [9][10] - The entertainment sector saw gains, with China Star Group rising over 10% and Tencent Music increasing by over 5% [15] Group 4 - Southbound funds recorded a net inflow of HKD 3.824 billion, indicating strong interest in Hong Kong stocks [18] - Analysts noted a shift in investor sentiment towards undervalued stocks, with some funds looking to capitalize on recent price corrections in major internet companies [17]

Summary of Weishi Jiajie Conference Call Company and Industry Overview - **Company**: Weishi Jiajie - **Industry**: Southeast Asian market, focusing on cross-border trade, payment solutions, and ICT sector growth Key Points and Arguments 1. **Southeast Asia Business Growth**: Weishi Jiajie expects its Southeast Asia business to maintain a high growth rate of 25%-30%, driven by the potential of assisting Chinese companies in expanding overseas, with an estimated scale of approximately 10 billion RMB [2][3] 2. **Cross-Border Payment Innovations**: The company is exploring the use of stablecoins for cross-border trade and foreign exchange settlements, aiming to reduce traditional cash settlement fees from 1.5%-3% to 0.1%-0.5%, while mitigating exchange rate risks and enhancing settlement efficiency [2][4][5] 3. **Targeted Business Segments**: The new payment settlement method primarily targets two areas: assisting Chinese cloud service companies in going global and covering final calculations and foreign exchange reviews across eight Southeast Asian countries [6] 4. **Partnerships with Stablecoin Issuers**: Collaborations with stablecoin issuers are expected to reduce losses from exchange rate fluctuations and explore opportunities for asset digitization, although specific details are still under discussion [7] 5. **Market Growth Drivers**: The high growth expectations for the Southeast Asian market are based on three factors: large economic scale with weak infrastructure, significant investments in ICT, and increasing demand for AI servers driven by investments from tech giants [8] 6. **Expansion Plans in Vietnam**: Weishi Jiajie is considering acquisitions to enter the Vietnamese market, with a focus on suitable targets among the top five listed distribution companies [9] 7. **Progress on Stablecoin Payment Settlements**: The company is conducting pilot projects in one or two Southeast Asian countries, showing promising results in terms of cost, speed, and reduced exchange rate losses [10] 8. **Impact of Exchange Rate Fluctuations**: In 2022, the company incurred a profit loss of approximately 100-200 million HKD due to exchange rate fluctuations, primarily from currency depreciation in the Philippines and Indonesia [12] 9. **Domestic IT Procurement Demand**: The domestic ICT market is expected to grow at a slower rate of about 4%-5% in 2024, with structural opportunities driven by product upgrades and AI demand [14] 10. **Profit Expectations**: The company anticipates that profit growth will outpace revenue growth due to faster growth in overseas markets and the positive impact of stablecoin collaborations on supply chain finance and exchange rate management [19][20] Other Important Insights 1. **Regulatory Developments**: The stablecoin issuance regulations in Hong Kong are set to take effect on August 1, which is expected to positively impact the company's financial performance by the end of Q3 or Q4 [16] 2. **Investor Communication**: The company is enthusiastic about the benefits of payment innovations and aims to enhance profit margins, which could significantly impact overall performance due to the large scale of its operations [21] 3. **Future Revenue Growth**: The company projects a compound annual growth rate of 20%-30% for overseas revenue, while domestic market growth is expected to improve to single-digit growth [18]

港股数字货币概念股开盘拉升，云锋金融(00376.HK)涨超21%，金涌投资(01328.HK)涨超12%，伟仕佳 杰(00856.HK)涨超6%，招商证券(06099.HK)一度近15%，现涨8%。 ...

股東及潛在投資者於買賣本公司股份時務請審慎行事。 自願公告 有關合作洽談 本公告由偉仕佳杰控股有限公司（「本公司」）自願作出。本公司日前已 開始進行合作洽談，以探索穩定幣支付及結算的解決方案。 該合作討論 主要聚焦本公司在東南亞地區的ICT產品分銷、供應鏈服務及數位生態業 務，著力聚焦穩定幣實體應用場景的支付技術創新，探索以合規穩定幣作 為支付工具，提升跨境貿易結算效率，優化供應鏈資金流動性，降低匯率 波動風險與跨境交易成本，賦能東南亞地區合作夥伴數位化轉型。 本次合作討論不涉及任何加密貨幣投機行為。該討論處於初步階段，且尚 未達成任何具法律約束力的協定。本公司將遵從聯交所證券上市規則於必 要時刊發進一步公告。 香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 承董事會命 偉仕佳杰控股有限公司 公司秘書 林從帥 香港，二零二五年七月十四日 於本公佈日期，董事會由執行董事李佳林先生、王偉炘先生、李玥先生、陳海洲先生及顧三軍 先生；非執行董事張 ...

Group 1 - The core viewpoint of the news highlights the strong performance of Weishi Jiajie (00856.HK) in the Hong Kong stock market, with a significant increase in stock price and trading volume [1] - As of July 11, the Hang Seng Index rose by 0.46%, while Weishi Jiajie saw a stock price increase of 10.16%, with a trading volume of 29.95 million shares and a turnover of 243 million HKD [1] - Over the past month, Weishi Jiajie has achieved a cumulative increase of 16.26%, and a year-to-date increase of 51.71%, outperforming the Hang Seng Index by 19.78% [1] Group 2 - Financial data shows that Weishi Jiajie achieved total revenue of 82.497 billion HKD for the year ending December 31, 2024, representing a year-on-year growth of 20.56% [1] - The net profit attributable to shareholders was 974 million HKD, with a year-on-year increase of 14.09%, and a gross profit margin of 4.41% [1] - The company has a debt-to-asset ratio of 76.89% [1] Group 3 - Weishi Jiajie has been recognized as a leading technology product channel developer and technical solution integrator in the Asia-Pacific region, with a service network covering nine countries [2] - The company has established partnerships with over 300 Fortune 500 technology companies, including Huawei, Alibaba, and Microsoft, and operates in twelve major fields including cloud computing, AI, and cybersecurity [2] - Weishi Jiajie has maintained an average annual growth rate of 26% over the past 21 years, ranking first in the industry [2]

Core Viewpoint - Zhejiang Merchants Bank initiates coverage on Weishi Jiajie (00856.HK) with a "Buy" rating and a target price of HKD 9.9 [1] Business Overview - The company's main revenue sources are its enterprise systems and consumer electronics businesses, providing stable cash flow. It is a leading IT distributor in the Asia-Pacific region, focusing on IT equipment distribution and solution integration across four core areas: hardware, software, application software, and information security. The consumer electronics segment covers a wide range of products, including computers, mobile phones, drones, smartwatches, and VR devices. The overall revenue is projected to reach HKD 89 billion in 2024, with industry-leading revenue scale and profitability [2] Innovation and Growth - The company is leveraging cloud distribution and its own cloud brand, Jiajie Cloud Star, to capitalize on growth opportunities in the cloud computing market. It has established deep partnerships with major cloud providers like Alibaba Cloud and Huawei Cloud to offer comprehensive cloud services. Additionally, the company is proactively developing capabilities in AI, including computing resource scheduling and large model services, managing around 40 next-generation national intelligent computing centers across the country [3] Market Expansion - The company holds a leading position in the Southeast Asian IT distribution market, with revenue from this region expected to account for 34% of total revenue in 2024. As the company deepens its market penetration in Southeast Asia, this region is anticipated to become a key driver of overall revenue growth [4] Financial Forecast and Valuation - Revenue projections for the company from 2025 to 2027 are HKD 102.37 billion, HKD 116.94 billion, and HKD 132.27 billion, respectively. Net profit attributable to shareholders is expected to be HKD 1.18 billion, HKD 1.41 billion, and HKD 1.60 billion for the same period. A relative valuation method is used, with a target market value of HKD 15.6 billion and a target price of HKD 9.9, applying a 13x PE ratio for 2025. The initial coverage is rated as "Buy" [5]

Group 1 - The core viewpoint of the articles highlights the rapid growth of the IT distribution industry driven by advancements in AI and the Xinchuang industry, which is expected to benefit the company's revenue and net profit growth [1][2] - The company has established deep partnerships in the IT distribution sector, leveraging its advantages in customer and channel relationships to expand its business [1] - The domestic and international IT distribution markets are experiencing differentiated development, with domestic distributors focusing on marketing management and technical services to compete with international giants [1] Group 2 - The Southeast Asian IT distribution market is projected to grow significantly, with an expected increase from $78.067 billion in 2024 to $120.667 billion by 2029, reflecting a CAGR of 9.10% [2] - The company's revenue in Southeast Asia is anticipated to grow from HKD 14.608 billion in 2020 to HKD 30.652 billion by 2024, indicating a CAGR of 20.36% [2] - The company is expected to achieve substantial revenue growth, with projected revenues of HKD 100.737 billion, HKD 114.255 billion, and HKD 129.962 billion for 2025-2027, representing year-on-year growth rates of 13.08%, 13.42%, and 13.75% respectively [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不會因本公佈全部或任何部分內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 於開曼群島註冊成立之有限公司 ) * 授出購股權 本公佈乃根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第 17.06A條, 17.06B條及17.06C條而作出。 偉仕佳杰控股有限公司（「本公司」）董事會（「董事會」）宣佈，於二零二五年六月二 十三日，本公司根據於二零一五年六月二十三日採納之購股權計劃，向員工參與者，涵蓋 全體董事（「承授人」）合共授出29,400,000份購股權（「購股權」），承授人接受後可 據此認購本公司股本中每股面值0.10港元之普通股（「股份」）。授出購股權詳情如下： 授出日期： 二零二五年六月二十三日（「授出日期」） 授出購股權之行使價： 每股7.29港元（「行使價」），為(i)聯交所在2025年6 月23日（即授出日期）發佈的每日報價表所載的每股收 市價7.25港元；(ii) 聯交所在授出日期前五個交易日發 佈的每日報價表所載的每股平均收市價7.29港元 ...

Core Viewpoint - The company, 伟仕佳杰, is positioned as a leading technology service platform in the ICT industry within the Asia-Pacific region, benefiting from the AI wave and the digital transformation of enterprises, with a recovery in demand and emerging growth in Southeast Asia's computing power export [1]. Investment Highlights - The company is initiating coverage with a "Buy" rating, projecting revenues of HKD 1030.30 million, HKD 1183.70 million, and HKD 1365.14 million for 2025-2027, reflecting year-on-year growth of +15.7%, +14.9%, and +15.3% respectively, with EPS of HKD 0.86, HKD 1.08, and HKD 1.43 [2]. Company Overview - 伟仕佳杰 is a significant technology product channel developer and technical solution integrator in the Asia-Pacific region, with a service network covering the Belt and Road Initiative, serving 1.9 billion people through 50,000 channel partners. The company collaborates with over 300 Fortune 500 technology firms, including Huawei, Alibaba, and Microsoft, across twelve key areas such as cloud computing, AI, data storage, and cybersecurity. The financial data indicates a CAGR of 7.7% in revenue and 9.9% in net profit from 2015 to 2024, with a 16-17% year-on-year revenue growth and a 28-29% increase in net profit attributable to shareholders in Q1 2025 [3]. Logical Framework - The traditional business is benefiting from the AI wave, with the company’s AI computing power management platform and other systems upgraded to adapt to DeepSeek's full series of large models. The company employs a dual-driven strategy of "full-stack services + ecological collaboration" to create a comprehensive cloud service system [4]. - The company has established a strong presence in the Southeast Asian market through a localized operational model, maintaining stable core management and long-term strategic partnerships with upstream and downstream ecosystem partners. It has built a vast and reliable channel network, ranking high in market shares across Thailand, Singapore, Indonesia, the Philippines, and Malaysia, supporting numerous leading domestic technology brands in their overseas expansion [4].