Core Viewpoint - Baima Tea Co., Ltd. (八马茶业) successfully listed on the Hong Kong Stock Exchange, with its stock closing at HKD 93.35, representing an increase of 86.70% from its final offering price of HKD 50.00 [1][4]. Summary by Relevant Sections Share Issuance and Capital Structure - The total number of shares issued under the global offering was 9,000,000 H-shares, with 900,000 shares allocated for the Hong Kong public offering and 8,100,000 shares for international placement [2]. - After the listing, the total number of issued shares is 85,000,000 [2]. Financial Details of the Offering - The total amount raised from the offering was HKD 450.00 million, with estimated listing expenses of HKD 60.11 million, resulting in a net amount of HKD 389.89 million [4][5]. - The final offering price was set at HKD 50.00, within a price range of HKD 45.00 to HKD 50.00 [5]. Use of Proceeds - The proceeds from the global offering will be used for expanding production facilities, enhancing brand value, expanding the product portfolio, funding the expansion of the direct retail store network, improving digital operations, and potential acquisitions or investments in the Chinese tea industry [4][5]. Financial Performance - The company's revenue for the years ending December 31 for 2022, 2023, and 2024 was RMB 1,817.5 million, RMB 2,122.3 million, and RMB 2,143.3 million, respectively. The profit and total comprehensive income for the same years were RMB 165.8 million, RMB 205.7 million, and RMB 224.2 million [6][7]. - Revenue for the six months ending June 30 for 2024 and 2025 was RMB 1,109.8 million and RMB 1,063.2 million, respectively, with profit and total comprehensive income decreasing from RMB 146.0 million to RMB 120.0 million [6][7]. Cash Flow Analysis - The net cash generated from operating activities for the years 2022, 2023, and 2024 was RMB 214.5 million, RMB 465.1 million, and RMB 269.0 million, respectively [8]. - The cash and cash equivalents at the end of the periods were RMB 239.3 million for 2022, RMB 206.6 million for 2023, and RMB 347.2 million for 2024 [8].

Market Overview - The A-share market experienced a pullback after reaching a high, with the Shanghai Composite Index losing the 4000-point mark and the CSI 300 falling below 4700. The STAR 50 index was also unable to hold above 1500 points, while the Shenzhen Component and ChiNext indices saw slight adjustments. Market turnover decreased to 2.17 trillion yuan [1] Sector Performance - The defense and military industry, forestry, glass and fiberglass, and the Taiwan Strait West Coast sectors saw significant gains, while precious metals, wind power equipment, engineering consulting services, and engineering machinery sectors faced notable declines [1] - The defense and military sector attracted over 8.4 billion yuan in net inflows, with electronics receiving over 6.1 billion yuan and computers over 5.9 billion yuan. Power equipment and basic chemicals also saw net inflows exceeding 4 billion yuan. In contrast, non-ferrous metals, building decoration, and public utilities experienced net outflows exceeding 1 billion yuan [1] Investment Outlook - CICC suggests that the market may continue its trend of oscillating upward, with technology remaining a key focus. Attention is recommended on global trends in artificial intelligence and key industry plans such as quantum technology, biomanufacturing, hydrogen energy, nuclear fusion, brain-computer interfaces, embodied intelligence, and 6G mobile communication. Additionally, macro events such as the Federal Reserve's meeting and the APEC conference are to be monitored [1] Focus on Defense Sector - The defense and military stocks surged in the afternoon, particularly in the ground equipment sector, with the sector index rising over 6%. Notable stocks included Great Wall Military Industry, which hit the daily limit, and others like North Long Dragon and Jieqiang Equipment also saw significant gains [2] Artificial Intelligence Sector - The artificial intelligence sector showed strong performance, with the index recording its seventh consecutive day of gains. Stocks like Lupu Information and Jinfutech saw daily limits of 30% and 20%, respectively, with many others also experiencing significant increases [3][5] Precious Metals Sector - The precious metals sector faced a sharp decline, with the index dropping over 3%. Major stocks such as Shengda Resources and Chifeng Jilong Gold saw significant losses [5][6] - Shanghai Futures Exchange gold futures experienced a notable drop, with a decline of over 4%, marking the second-largest single-day drop of the year, while silver futures also fell significantly [6]

盘面上，作为市场风向标的大型科技股午后转跌拖累大市下行，其中，网易跌2.35%，小米、美团、腾 讯跌近2%，阿里巴巴、百度、京东皆下跌；现货黄金回落至3930美元下方，黄金股全天呈下跌行情， 赤峰黄金、紫金矿业跌幅明显，铜、铝等有色金属股跟跌；半导体芯片股、中资券商股、重型基建股、 苹果概念股等热门板块午后跌势明显扩大，纸业股、手游股、家电股、影视股、风电股集体弱势。 另一方面，摩通指澳门10月赌收存潜在上行趋势，濠赌股总体呈现上涨行情，原奶价格近期迎阶段性稳 定，行业下半年去化有望提速，乳制品股表现活跃，保险股分化严重。此外，港股两只新股上市，滴普 科技涨超121%，八马茶业上市涨86.7%。(格隆汇) 港股三大指数午后集体跳水且尾盘跌幅进一步加大，市场未能延续继续反弹行情，且止步3连涨。截止 收盘，恒生指数跌0.33%报26346点，国企指数跌0.97%报9375点，恒生科技指数跌1.26%险守6000点。 ...

Core Insights - Meituan's international food delivery brand Keeta has officially launched operations in Abu Dhabi, UAE, following its entry into Dubai last month, marking significant progress in the UAE food delivery market [1] - The launch in Abu Dhabi enhances Meituan's international business presence in the Gulf Cooperation Council (GCC) region, covering two major cities in the UAE [1] Market Characteristics - Abu Dhabi is characterized by a large population, advanced digital infrastructure, and high food delivery penetration, indicating strong and diverse consumer demand for quality food delivery services [1] - The food delivery market in Abu Dhabi is described as having "high value, high potential, and high standards" [1] Service Offerings - Keeta aims to provide local users with convenient and reliable delivery services, a wide range of product choices, and affordable prices [1] - The company plans to deepen its integration with the local food delivery ecosystem in the Middle East while expanding into more markets in the Gulf region [1] Expansion Plans - Since its initial launch in Saudi Arabia in September 2024, Keeta has achieved deep coverage in over 20 cities across Saudi Arabia [1] - Keeta has also commenced operations in Qatar, Kuwait, and the UAE since August of this year [1]

Core Insights - Meituan's international food delivery brand Keeta has officially launched operations in Abu Dhabi, the capital of the United Arab Emirates [1] Company Summary - Meituan has expanded its international presence by launching Keeta in a new market, indicating a strategic move to tap into the growing demand for food delivery services in the UAE [1]

Core Viewpoint - Goldman Sachs reported that HSBC Holdings (00005) announced its third-quarter performance, with a pre-tax profit of $9.1 billion, exceeding both Goldman Sachs' original forecast and market consensus by 7% and 9% respectively, primarily driven by better-than-expected revenue performance [1] Group 1: Financial Performance - HSBC's pre-tax profit, adjusted for certain items, reached $9.1 billion, benefiting from stronger-than-expected net interest income from both banking and non-banking sectors [1] - The Common Equity Tier 1 (CET 1) capital ratio stood at 14.5%, aligning with market expectations [1] Group 2: Future Guidance - HSBC raised its return on tangible equity (ROTE) forecast for the fiscal year 2025 to a "mid-teens" range (14%-16%) or higher, compared to the market consensus of 16% [1] - The bank also increased its net interest income guidance for banking operations in fiscal year 2025 to $43 billion or more, up from the previous estimate of $42 billion, with market consensus at $42.5 billion [1] Group 3: Cost Management - HSBC maintained its cost growth target for fiscal year 2025 at approximately 3%, with total operating expenses expected to reach $33.5 billion, slightly above market consensus of $33.3 billion [2] - The bank plans to achieve cost savings of $1.5 billion by the end of 2026, with expected credit costs for fiscal year 2025 around 40 basis points, slightly lower than market consensus [2]

Group 1 - Goldman Sachs reported that HSBC Holdings (00005) announced its third-quarter results, with a pre-tax profit of $9.1 billion, exceeding both Goldman Sachs' forecast and market consensus by 7% and 9% respectively, driven by better-than-expected revenue performance [1] - Revenue growth was propelled by both net interest income from banking and non-banking sectors surpassing expectations, while costs and credit provisions were largely in line with expectations [1] - The Common Equity Tier 1 (CET1) capital ratio stood at 14.5%, which also met market expectations [1] Group 2 - HSBC raised its return on tangible equity (ROTE) guidance for the fiscal year 2025 to a "mid-teens" range (14%-16%) or higher, with market consensus at 16%, and maintained a "mid-teens" outlook for ROTE from 2025 to 2027, with the average market expectation for 2026-2027 at 15.7% [1] - The bank also increased its net interest income guidance for banking operations in fiscal year 2025 to $43 billion or more, up from approximately $42 billion, with market consensus at $42.5 billion [1] - HSBC maintained its cost growth target for fiscal year 2025 at around 3%, with total operating expenses expected to reach $33.5 billion, slightly above market consensus of $33.3 billion, and plans to achieve cost savings of $1.5 billion by the end of 2026 [2] Group 3 - The expected credit cost for fiscal year 2025 is approximately 40 basis points, slightly below market consensus, while the medium-term credit cost guidance remains at 30 to 40 basis points [2] - Goldman Sachs currently has no investment rating for HSBC, which recently announced plans to privatize Hang Seng Bank (00011), with Goldman Sachs acting as a joint financial advisor for this transaction [2]

7 > Abu Dhabi Q Burgers Indian Fast food Desserts Pakistani Super Save Offers For You FREE Delivery Popular Brands > C Pizza Burgers Arabic Asian D UP TO 50% OFF > [ Healthy Coffee ble Deal B 50% off ₱ 35.50 71.00 **Double Deal B Free - 40 min 60% off ₱ 27.20 68.00 Meal Chicken For 1 ... Free · 45 min 50% off ₱ 26.00 52.00 - The Rebecca (Sand ... - Free · 45 min i 新浪科技讯 10月28日下午消息，据美团官微消息，当地时间10月28日上午11点，美团旗下国际外卖品 牌Keeta正式在阿联酋首都阿布扎比启动运营。这是继上个月落地迪拜之后，Keeta在阿联酋外卖市场的 又一关键进展，实现了对该国两大核心城市的服务覆盖，也进一步夯实了美团国际化业务在中东海 ...

每经AI快讯，惠生工程(02236.HK)尾盘跌超20%，截至发稿，跌20.65%，报0.365港元，成交额214.92万 港元。 ...

小摩指出，目前博彩收入存在明显潜在上行趋势，如果10月总博彩收入有可能高达230亿澳门元，创下 71个月以来的新高。从12月开始，由于基数较低，该行预计博彩收入将录中双位数增长，并在明年首季 保持低双位数升幅。 摩根大通发布研报称，根据行业调查，10月首26日澳门博彩收入为204亿澳门元，日均博彩收入7.85亿 澳门元，而上周博彩收入则进一步加速至7.93亿澳门元。该行相信，这情况或反映出黄金周期间被压抑 的需求，因为很多玩家在台风和中秋期间缩短行程。 小摩表示，短期看好永利澳门(01128)，予"增持"评级，预计其第三季业绩或胜于预期。中期而言，该 行仍然看好银河娱乐(00027)，同样予"增持"评级。小摩最看淡的是澳博控股(00880)及新濠国际 (00200)，分别予"中性"及"减持"评级，该行认为，两间公司的估值相对于基本面而言较高，且未来12个 月的股东回报非常有限。 ...