Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance in the near term [1]. Core Insights - The company is a leading ICT solutions provider in the Asia-Pacific region, focusing on digital transformation through cloud computing and AI technologies [8][13]. - The Southeast Asian market is experiencing rapid growth, with projected revenue growth of approximately 74% in 2024, contributing to a significant portion of the company's overall revenue [32]. - The company has established strong partnerships with major tech firms, enhancing its market position and service offerings [18][19]. Summary by Sections 1. Company Overview - The company was founded in 1991 and listed on the Hong Kong Stock Exchange in 2002, serving as a key channel for ICT products in Southeast Asia [8][13]. - It operates across nine countries in the region, with a network of 87 branches and partnerships with over 50,000 channel institutions [15]. 2. Business Growth - Revenue from the Southeast Asian market is expected to increase significantly, with a forecasted growth rate of 34.41% in 2024 [32]. - The company has seen steady revenue growth from 2020 to 2024, with total revenues projected to reach HKD 102.31 billion in 2025, reflecting a year-on-year growth of 14.85% [61]. 3. Cloud Computing and AI Expansion - The company has been actively expanding its cloud computing and AI services since establishing its cloud division in 2013, collaborating with major cloud providers [37]. - AI-related revenue is projected to reach HKD 3.78 billion in 2024, marking a 42% increase year-on-year [54]. 4. Financial Projections - The company anticipates total revenues of HKD 1,023.11 billion, HKD 1,170.77 billion, and HKD 1,334.02 billion for the years 2025, 2026, and 2027, respectively [61]. - The expected net profit for the same period is projected to be HKD 1.3 billion, HKD 1.5 billion, and HKD 1.8 billion, with corresponding growth rates of 20%, 22%, and 15% [60].

Group 1 - The article reports on share buybacks conducted by various companies on September 2, 2025, with a total of 30 companies participating in the buyback program [1] - China Hongqiao (01378) had the largest buyback amount, repurchasing 36.65 million shares for a total of 942 million [2] - Tencent Holdings (00700) repurchased 913,000 shares for 550 million, while Hang Seng Bank (00011) bought back 210,000 shares for 23.66 million [2] Group 2 - The cumulative buyback quantity for China Hongqiao (01378) for the year reached 14.1 million shares, representing 1.5% of its total share capital [2] - Other notable buybacks include Vitasoy International (00345) with 718,000 shares for 6.57 million and MGM China (02282) with 1 million shares for 15.90 million [2] - The buyback activity reflects a trend among companies to return capital to shareholders, with varying percentages of total share capital being repurchased across different firms [2][3]

Core Viewpoint - Weishi Jiajie (00856.HK) repurchased 500,000 shares on September 2, 2025, at a total cost of HKD 4.988 million, indicating a strategic move to enhance shareholder value amidst a declining stock price [1] Summary by Category Share Buyback Details - On September 2, 2025, Weishi Jiajie repurchased 500,000 shares at prices ranging from HKD 9.940 to HKD 10.030 per share, totaling HKD 4.988 million [1] - The stock closed at HKD 10.050 on the same day, reflecting a decrease of 3.83% with a total trading volume of HKD 196 million [1] - Year-to-date, the company has conducted five buybacks, acquiring a total of 1.598 million shares for a cumulative amount of HKD 10.1523 million [1] Buyback History - The buyback history for Weishi Jiajie includes: - September 2, 2025: 500,000 shares at a maximum price of HKD 10.030 and a minimum price of HKD 9.940 for a total of HKD 4.988 million - April 7, 2025: 360,000 shares at a maximum price of HKD 4.700 and a minimum price of HKD 4.660 for a total of HKD 1.6854 million - January 15, 2025: 124,000 shares at a maximum price of HKD 4.730 and a minimum price of HKD 4.700 for a total of HKD 585,300 - January 14, 2025: 240,000 shares at a maximum price of HKD 4.780 and a minimum price of HKD 4.740 for a total of HKD 1.1428 million - January 13, 2025: 374,000 shares at a maximum price of HKD 4.730 and a minimum price of HKD 4.600 for a total of HKD 1.7508 million [1]

Group 1 - The company, 伟仕佳杰 (00856), announced a share buyback plan on September 2, 2025, involving an expenditure of HKD 4.988 million to repurchase 500,000 shares [1] - The buyback price range is set between HKD 9.94 and HKD 10.03 per share [1]

Group 1 - The company, 伟仕佳杰 (00856), announced a share buyback plan on September 2, 2025, involving an expenditure of HKD 4.988 million to repurchase 500,000 shares [1] - The buyback price range is set between HKD 9.94 and HKD 10.03 per share [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 偉仕佳杰控股有限公司 呈交日期： 2025年9月2日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00856 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 偉仕佳杰控股有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00856 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | 本月底法定/註冊股本 ...

Group 1: Automotive Industry Insights - The automotive industry is experiencing a significant shift towards intelligent driving technologies, with companies like HUAWEI and Horizon leading the way in advanced driver assistance systems [13][14]. - The penetration rate of L2 and above autonomous driving features in passenger vehicles reached 29.7% as of June 2025, reflecting a year-on-year increase of 13 percentage points [14]. - Investment recommendations include companies such as Xpeng Motors, Leap Motor, and Geely for complete vehicles, and suppliers like Suoteng Technology and Hesai Technology for components [15]. Group 2: Pharmaceutical Sector Developments - The pharmaceutical sector showed weaker performance compared to the overall market, with the biopharmaceutical segment rising only 1.05% [16]. - The World Lung Cancer Conference (WCLC) in September 2025 will showcase innovative research from Chinese pharmaceutical companies, highlighting the growing competitiveness of domestic products [16][17]. - Investment focus is recommended on companies presenting at major conferences like ESMO and WCLC, particularly those with promising clinical data [17]. Group 3: Mining and Metals Performance - Luoyang Molybdenum's net profit for H1 2025 increased by 60% to CNY 8.67 billion, driven by rising copper and cobalt prices alongside increased production [18][19]. - Zijin Mining reported a 54.41% year-on-year increase in net profit for H1 2025, attributed to a significant rise in gold production and prices [22][23]. - Cloud Aluminum's net profit for H1 2025 grew by 10%, with a strong performance in aluminum production and a proposed cash dividend of CNY 3.2 per share [20][21]. Group 4: Real Estate and Property Management - Poly Property's revenue for H1 2025 reached CNY 8.4 billion, with a net profit increase of 5%, indicating steady growth in property management services [31][32]. - Greentown China reported a significant decline in net profit by 89.7% for H1 2025, primarily due to uneven revenue recognition and asset impairment provisions [33][34]. - The company maintained a strong sales performance, with total sales area down only 10% compared to the industry average, reflecting resilience in a challenging market [34].

Group 1 - The company reported a significant increase in both revenue and profit, with main revenue reaching 45.574 billion yuan, a year-on-year increase of 13.6%, and net profit attributable to shareholders at 610 million yuan, up 34.67% year-on-year [1] - The growth in revenue and profit is attributed to the increasing proportion of high-margin cloud service management and AI computing services, along with efforts in cost control and operational efficiency [1] - The cloud computing sector emerged as a major growth driver, with revenue from this segment reaching 2.62 billion yuan, a remarkable year-on-year growth of 67.88%, supported by deepening collaborations with major cloud providers [1] Group 2 - The Southeast Asian market showed exceptional performance, with revenue growing by 22.5% to 16.7 billion yuan, accounting for 37% of total revenue, making it a core growth engine [1] - The company has established itself as a key partner for the "Starlink" network in Asia, exclusively representing its HPI TKDN products in Malaysia and Indonesia, further expanding its business boundaries [1] - The company is intensifying its focus on AI and cloud computing, managing 25 new-generation integrated intelligent computing centers domestically and planning to launch more AI computing scheduling and management solutions [2] Group 3 - The company is collaborating with leading cloud vendors to explore commercial scenarios in AI large model training and edge computing, leveraging a network of 50,000 channel partners to enhance channel value [2] - The company maintains its profit forecast, expecting net profits attributable to shareholders to be 1.171 billion yuan, 1.349 billion yuan, and 1.535 billion yuan for 2025-2027, corresponding to current P/E ratios of 8.0, 6.9, and 6.1 times [2] - The company continues to expand rapidly in the Southeast Asian market, maintaining an "outperform the market" rating [2]

Group 1 - ApexPay announced the completion of a multi-million dollar Series A financing in August 2025, with participation from Wistron NeWeb Corporation, marking a significant move in the fintech sector [1] - The global cross-border payment market faces efficiency and cost challenges, with traditional systems taking over 3 days for settlement and fees ranging from 1% to 3%, while crypto solutions offer 24/7 real-time settlement and lower fees [2] - Wistron Neweb's investment in ApexPay aligns with its "technology + industry" strategy, aiming to penetrate the high-growth fintech sector and create new growth avenues [3] Group 2 - Wistron Neweb's diversified growth strategy is showing results, with a 13.6% year-on-year revenue increase in the first half of 2025, and technology services now accounting for over 62% of total revenue [4][5] - The collaboration with ApexPay fills a gap in Wistron Neweb's enterprise financial services, enhancing its service offerings and revenue streams [5] - Wistron Neweb plans to explore new business models, including partnerships for developing new payment solutions, which aligns with ApexPay's business strategy [5] Group 3 - ApexPay's funding will be allocated to stablecoin project development, team building in emerging markets, and platform integration, aligning with Wistron Neweb's global strategy [6][7] - The global cross-border payment market exceeds $150 trillion, with digital asset penetration below 1%, primarily due to compliance and adaptability issues [7] - The partnership between Wistron Neweb and ApexPay is expected to accelerate the adoption of digital assets in traditional cross-border payment scenarios [7] Group 4 - Wistron Neweb's investment in ApexPay represents a strategic move into the fintech sector, with potential for dual returns from business growth and investment gains [8]