Core Viewpoint - China Supply Chain Industry (03708) has experienced a significant increase of 50% in stock price, reaching HKD 0.033, with a trading volume of HKD 11.1253 million [1] Group 1: Strategic Partnership - The company has signed a memorandum of understanding with Shuwei Technology Co., Ltd. on November 3 [1] - Shuwei Technology specializes in providing storage, security, and bandwidth solutions, including the StreamBox edge system and a compact ultra-large capacity data center using licensed Kodon technology [1] - The memorandum outlines the intention for strategic cooperation, including the establishment of a wholly-owned subsidiary in Hong Kong to fund, build, and operate a new generation data center utilizing Kodon technology [1] Group 2: Kodon Technology - Kodon technology is described as a data representation technology that compresses various file formats into a compact "Kodon" sequence, aiming to reduce the original file size to below 1% [1] - This technology allows for extremely high logical storage capacity within limited physical space [1] - Both parties plan to quickly initiate technical, legal, and commercial due diligence and negotiate a final agreement regarding the authorization, construction, and operation of the data center [1]

Core Viewpoint - The company has planned multiple high-performance AI chip products featuring advanced processes (12nm and below), high computing power (32T and above), high bandwidth, high energy efficiency, and support for 7B and above edge AI LLM and LVM functionalities [1] Group 1 - The AI chips will utilize a scalable distributed computing architecture design [1] - Future applications include embodied intelligent robots, NAS, HomeBase (smart home hub), and edge computing scenarios [1]

Core Viewpoint - *ST Yitong has successfully achieved mass production of its Huangshan No. 3 chip, primarily used in smartwatches and AIoT devices, indicating a significant step in its chip business development [1] Group 1: Product Development - The Huangshan No. 3 chip has been developed and is now in mass supply [1] - The chip is mainly applied in health wearables and AIoT devices with display functions [1] Group 2: Market Strategy - The current main customer for the chip is Anhui Huami [1] - The company aims to expand its market presence by seeking more customers and partners [1] - The focus is on enhancing core competitiveness and brand influence to ensure sustainable development [1]

Group 1 - The stock of Mingyue Technology-W (02718.HK) fell over 7% on the second day after its listing, following a previous increase of 106.1% [2] - As of the time of reporting, the stock price was down 7.23%, trading at 269.6 HKD, with a transaction volume of 133 million HKD [2]

Core Viewpoint - Minglue Technology's stock experienced a significant drop of over 7% on the second day after its IPO, despite a previous surge of 106.1% on the first day, indicating volatility in investor sentiment [1] Company Overview - Minglue Technology focuses on providing data intelligence products and solutions, primarily in marketing intelligence and operational intelligence, leveraging large models, industry-specific knowledge, and multimodal data to transform enterprise marketing and operational strategies [1] - According to Frost & Sullivan, the company is the largest data intelligence application software provider in China based on total revenue projections for 2024 [1] IPO Performance - The IPO attracted a subscription amount of HKD 352.4 billion, with an oversubscription rate of approximately 3462 times [1] Financial Performance - Revenue projections for Minglue Technology from 2022 to 2025 are as follows: - 2022: RMB 1.269 billion - 2023: RMB 1.462 billion - 2024: RMB 1.381 billion - 2025 (H1): RMB 565 million - 2025 (H1): RMB 644 million [1] - A strategic adjustment in the operational intelligence business in 2024 is expected to lead to a revenue decline, but a recovery in revenue growth is anticipated in the first half of 2025 [1] Operational Highlights - In the first half of 2025, the company achieved an operational profit of RMB 6.1 million, marking its first turnaround to profitability [1] - Adjusted net profit (not measured under Hong Kong Financial Reporting Standards) also showed improvement, with a net profit of RMB 24.9 million recorded in the first half of 2025 [1]

Extension will mark nearly two decades of collaboration, making it one of the longest Premier League club sponsorships in history.AIA to become Global Training Partner of Tottenham Hotspur Football Club from July 2027.HONG KONG, Nov. 4, 2025 /PRNewswire/ -- AIA Group Limited ("AIA" or the "Group") today announces that it will extend its successful association with Tottenham Hotspur Football Club ("Spurs" or "the Club"), becoming the Club's Global Training Partner from July 2027 through to June 2032. AIA re ...

摩根士丹利发布研报称，香港宽频(01310)全年服务收入同比增长13%，高于大摩预期8.4%，主要因IDD 收入增加3.6亿港元，而SI收入同比增14%。调整后EBITDA符合大摩预期，同时调整后自由现金流同比 增长11%至5.51亿港元，高于大摩预期8%，因利息成本降低。大摩予香港宽频目标价6.5港元，评级"与 大市同步"。大摩表示，香港宽带刚完成107亿港元债务再融资，将产生1.4亿港元一次性费用，但利息 成本应该降低。 ...

Core Viewpoint - Minglue Technology-W (02718.HK) experienced a significant drop of over 7% on its second day of trading after a previous surge of 106.1% [1] Group 1 - On the second day of trading, the stock price fell by 7.23%, reaching 269.6 HKD [1] - The trading volume was reported at 133 million HKD [1]

Group 1 - The recent revelation that Adidas down jackets are actually produced by the domestic company Bosideng has sparked public attention [1] - Consumers are questioning the price premium of international brands when domestic brands offer similar products at lower prices [1] - The perception of value in clothing extends beyond functionality to include emotional and aesthetic considerations, leading consumers to pay a premium for brand names [1] Group 2 - The fact that international brands are outsourced to local companies highlights the importance of Chinese enterprises in the global apparel supply chain and affirms the quality of Chinese manufacturing [2] - Bosideng has seen its stock price rise continuously, with its OEM business becoming a significant revenue source, alongside its own brand [2] - Other notable garment manufacturers in the Hong Kong market include Shenzhou International, which has a market capitalization nearing HKD 100 billion, and reached a peak of nearly HKD 300 billion in 2021 [2] Group 3 - There is a significant divergence in stock performance among Chinese apparel companies, with 361 Degrees showing a nearly 50% increase this year, while Li Ning and Anta Sports have underperformed [3] - The potential for brand value enhancement and stock market growth for Chinese apparel companies is seen as inevitable given their strong manufacturing capabilities [3]

Core Insights - Minglue Technology-W (02718) experienced a decline of over 7% on its second day of trading, following a significant increase of 106.1% on the previous day [1] - The company's main business focuses on providing data intelligence products and solutions, particularly in marketing intelligence and operational intelligence, leveraging large models and multi-modal data [1] - According to Frost & Sullivan, Minglue Technology is the largest data intelligence application software provider in China by total revenue for 2024 [1] Financial Performance - The company's revenue projections for 2022-2024 are as follows: 1.269 billion RMB, 1.462 billion RMB, and 1.381 billion RMB, with 565 million RMB and 644 million RMB for the first half of 2024 and 2025 respectively [1] - A strategic adjustment in the operational intelligence business is expected to impact revenue negatively in 2024, but a recovery in revenue growth is anticipated in the first half of 2025 [1] - In the first half of 2025, the company achieved an operational profit of 6.1 million RMB, marking its first profitable period, with an adjusted net profit of 24.9 million RMB [1] Market Activity - The IPO of Minglue Technology saw a subscription amount of 352.4 billion HKD, with an oversubscription rate of approximately 3462 times [1] - As of the latest update, the stock price is reported at 269.6 HKD with a trading volume of 133 million HKD [1]