Core Viewpoint - CNOOC Oilfield Services (02883) is experiencing a stock price increase of over 4%, attributed to expectations of improved net profits driven by high utilization rates of its drilling platforms [1] Group 1: Company Performance - CNOOC Oilfield Services plans to hold a board meeting on August 27 to consider and approve its interim results [1] - Citigroup has initiated a 90-day upward catalyst observation for the company, anticipating improved net profits in the second and third quarters due to high utilization of drilling platforms [1] Group 2: Operational Expansion - The company currently operates four drilling platforms in the North Sea and Europe, with an additional platform starting operations in Brazil in collaboration with Petrobras [1] - Increased overseas expansion is expected to lead to higher day rates and better profit margins compared to the domestic market [1] Group 3: Revenue Expectations - With rising regional day rates, Citigroup forecasts an improvement in the company's average daily revenue, which should drive higher profit growth [1]

（原标题：顺丰同城发盈喜，预计上半年公司拥有人应占利润同比增长不低于100%） 8月20日，顺丰同城发布公告，预计截至2025年6月30日的六个月内，公司拥有者应占利润将同比增长不 低于100%，而集团收入预计将同比增长不低于45%。该正面盈利预告主要归因于即时配送行业的快速 发展和需求增加，以及公司各项业务的均衡高质量发展，带动了订单量和收入的健康增长。 ...

Core Viewpoint - Morgan Stanley's report indicates that Hong Kong Exchanges and Clearing Limited (HKEX) experienced a 41% year-on-year increase in net profit for the second quarter, reaching HKD 4.44 billion, exceeding both Morgan Stanley's and market expectations by 7% and 8% respectively [1] Financial Performance - The significant growth in net profit was primarily driven by improved net investment income and rental income adjustments [1] - Core business performance remained strong, aligning with expectations [1] Trading Activity - The average daily trading volume increased by 95% year-on-year to HKD 238 billion, largely fueled by southbound trading [1] - In July, the average daily trading volume further increased to HKD 263 billion [1] Analyst Rating - Morgan Stanley maintains an "Overweight" rating on HKEX, expressing optimism about the potential for continued profit growth [1] - The target price set by Morgan Stanley for HKEX is HKD 500 [1]

Group 1 - The company, Chow Sang Sang, expects its profit attributable to shareholders from continuing operations for the six months ending June 30, 2025, to be between HKD 900 million and HKD 920 million, compared to HKD 520 million for the same period in 2024 [2] - The growth in profit is primarily attributed to the continuous rise in gold prices, which has improved the gross profit margin on gold product sales [2] - Cost control measures and the integration of retail networks have contributed to a reduction in costs [2]

Core Viewpoint - Nine Dragons Paper Holdings Limited (玖龙纸业) has announced a significant increase in expected profits for the fiscal year ending June 30, 2025, projecting earnings between RMB 2.1 billion and RMB 2.3 billion, representing a growth of 165% to 190% compared to last year's RMB 794 million [1] Group 1 - The company's profit growth is primarily attributed to an increase in sales and a notable decline in raw material costs, which decreased at a faster rate than product prices, leading to an increase in gross profit [1] - The company plans to issue USD 400 million in perpetual capital securities in June 2024, with an expected attributable profit of approximately RMB 400 million for the current year from these securities [1] - The projected attributable profit for equity holders is estimated to be between RMB 1.7 billion and RMB 1.9 billion, marking an increase of 126% to 153% from last year's RMB 751 million [1]

Core Viewpoint - Nine Dragons Paper Holdings Limited (玖龙纸业) has announced a significant increase in expected profits for the fiscal year ending June 30, 2025, projecting earnings between RMB 2.1 billion and RMB 2.3 billion, representing a growth of 165% to 190% compared to last year's RMB 794 million [1] Group 1 - The company's profit growth is primarily attributed to an increase in sales and a notable decline in raw material costs, which decreased at a faster rate than the drop in product prices, thereby boosting gross margins [1] - The company plans to issue USD 400 million in perpetual capital securities in June 2024 [1] - The expected profit attributable to perpetual capital securities holders for the current year is approximately RMB 400 million, leading to an anticipated profit attributable to equity holders of around RMB 1.7 billion to RMB 1.9 billion, an increase of 126% to 153% from last year's RMB 751 million [1]

Core Viewpoint - Morgan Stanley's research report indicates that the overall net profit of China's three major telecom operators recorded an approximately 5% year-on-year increase in the first half of this year, primarily supported by cost optimization measures [1] Group 1: Financial Performance - The three major telecom operators' operating expenses, capital expenditures, and depreciation have decreased, contributing to the profit growth [1] - The estimated dividend yield for the H-shares of the three telecom operators remains attractive at 5% to 6%, with China Mobile having the highest yield at 6% [1] Group 2: Cloud Revenue Trends - The year-on-year growth of cloud revenue for the three telecom operators has significantly slowed from an estimated 17% to 35% in 2024 to 5% to 10% in the first half of this year [1] - This slowdown is attributed to the increasing market share of internet companies and a deceleration in the digitalization demands of state-owned enterprises [1] Group 3: Investment Outlook - Morgan Stanley maintains a positive outlook on China Mobile, China Telecom, and China Unicom, giving them an "overweight" rating due to strong dividend returns, profit growth, and potential upside in cloud revenue [1] - China Telecom is highlighted as the preferred stock due to its highest proportion of cloud business and the resilience of its traditional mobile and broadband services [1]

Group 1 - The company expects to achieve a profit of approximately RMB 2.1 billion to RMB 2.3 billion for the fiscal year ending June 30, 2025, representing a growth of 165% to 190% compared to last year's profit of RMB 794 million [1] - The profit increase is primarily attributed to a rise in sales, with the decline in raw material costs occurring at a rate and magnitude that significantly outpaces the decrease in product prices, thereby boosting gross profit [1] - The company issued USD 400 million perpetual capital securities in June 2024, with the attributable profit for perpetual capital securities holders estimated at approximately RMB 400 million for the current year [1] Group 2 - The company anticipates that the attributable profit for equity holders will be around RMB 1.7 billion to RMB 1.9 billion for the current year, an increase of 126% to 153% from last year's RMB 751 million [1]

Core Viewpoint - The company, Nine Dragons Paper Holdings Limited, expects to achieve a profit of approximately RMB 2.1 billion to RMB 2.3 billion for the fiscal year ending June 30, 2025, representing a growth of 165% to 190% compared to last year's profit of RMB 794 million [1] Group 1 - The profit increase is primarily attributed to a rise in sales and a significant decrease in raw material costs, which outpaced the decline in product prices, thereby boosting gross profit [1] - The company plans to issue USD 400 million perpetual capital securities in June 2024 [1] - The expected profit attributable to perpetual capital securities holders for this fiscal year is approximately RMB 400 million [1] Group 2 - The company anticipates that the profit attributable to equity holders will be around RMB 1.7 billion to RMB 1.9 billion for the current fiscal year, an increase of 126% to 153% from last year's RMB 751 million [1]

格隆汇8月20日丨玖龙纸业(02689.HK)公布，集团预计将录得截至2025年6月30日止盈利约人民币 21.00 亿元至人民币23.00亿元之间，较去年度人民币7.93.9亿元增长165%至190%。该盈利增长乃主要得益于 销量上升，且原材料成本下降幅度及速度显著快于产品售价降幅，从而推动毛利上升。 公司于2024年六月发行4亿美元永续资本证券。该年度永续资本证券持有人的应占盈利为约人民币4亿 元。因此，集团预计公司的权益持有人应占盈利在年度为约人民币17.00亿元至人民币19.00亿元之间， 较去年度人民币7.507 亿元增加126%至153%。 ...