Market Performance - Hang Seng Index (HSI) rose by 407 points or 1.6%, closing at 26,649 points[1] - Shanghai Composite Index increased by 21 points or 0.9%, ending at 4,018 points[2] - S&P 500 gained 103 points or 1.5%, closing at 6,832 points[2] Trading Volume - Total trading volume in Hong Kong was 214.788 billion HKD[1] - Shanghai Stock Exchange's trading volume reached 960.6 billion CNY[2] - Shenzhen Component Index had a trading volume of 1.21 trillion CNY[2] Economic Indicators - China's inflation exceeded expectations, with the Producer Price Index (PPI) showing a narrowing decline for three consecutive months[1] - The People's Bank of China conducted a 119.9 billion CNY reverse repurchase operation at a rate of 1.4%[2] - The RMB/USD exchange rate was adjusted down by 20 points to 7.0856[2] Sector Insights - BYD's SUV models priced between 300,000 to 400,000 HKD are the most popular in Hong Kong, with sales exceeding 7,800 units this year, capturing approximately 25% market share[4]

Group 1: Company Recommendations - The report recommends buying shares of Sensata Technologies (敏實集團) at a price of 39.00 HKD, with a target price of 45.00 HKD, indicating a potential upside of 15.4% [2][13] - Sensata Technologies has seen a year-on-year revenue growth of 10.8% to 12.287 billion RMB in the first half of the year, with net profit increasing by 19.5% to 1.277 billion RMB [7][12] - The company is actively expanding into new sectors such as AI and robotics, with its battery box business experiencing a nearly 50% year-on-year increase in revenue [4][7] Group 2: Industry Insights - The report highlights that the Chinese government has suspended the 24% tariff on imports from the U.S. for one year, which is expected to positively impact trade relations [16] - The report notes that the AI sector in China is accelerating, with breakthroughs in chip development and increased applications of "Artificial Intelligence+" [5] - The report indicates that the coal sector is expected to see upward price momentum for thermal coal [5] Group 3: Financial Performance and Projections - Sensata Technologies aims to achieve a revenue target of 82 billion RMB by 2030, representing a compound annual growth rate of 23% from 2024 to 2030 [8] - The company has improved its free cash flow and reduced its debt ratio, indicating potential for an increase in its dividend payout ratio [10] - Market expectations for the fiscal years 2024 to 2027 project a compound annual growth rate of 14.2% for revenue and 18.2% for adjusted profit [11]

Market Performance - Hang Seng Index closed at 25,906 points, down 376 points or 1.4%[1] - National Index fell 178 points or 1.9%, closing at 9,168 points[1] - Hang Seng Tech Index decreased by 143 points or 2.4%, ending at 5,908 points[1] - Total market turnover was 257.612 billion HKD[1] Economic Indicators - China's official manufacturing PMI fell short of expectations, while the services PMI met expectations[1] - The People's Bank of China conducted a 355.1 billion RMB reverse repo operation at a rate of 1.4%[1] - The RMB/USD midpoint was adjusted down by 16 points to 7.0880[1] Corporate Performance - Top 100 real estate companies' sales totaled nearly 2.9 trillion RMB in the first ten months, a year-on-year decline of 16.3%[3] - HKEX reported an average daily trading volume of 1.54 million contracts for derivatives in Q3, a historical high[3] - FWD reported new business sales of 1.935 billion USD, up 37% year-on-year at constant exchange rates[4] - XPeng Motors delivered 42,013 vehicles in October, a record monthly high[4] - BYD's new energy vehicle production was 429,808 units in October, down 19.8% year-on-year[5]

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，並表明不會就因本公佈全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 注1：出口指中華人民共和國（包括香港、澳門特別行政區及臺灣地區）以外的國家和地區。 - 1 - 除上述所披露的銷量外，寶騰於二零二五年十月實現汽車銷量14,087部，較去年同期增長 約15%。此外，於二零二五年 首十個月，寶騰累計實現 汽車銷量135,030部，較去年同期 增長約4%。 敬請注意，本公佈所披露的數 據為未經審核數字，尚未經本公司核數師確認， 相關數據 或會作出調整，並有待最終確認。 股東及潛在投資者 應於本集團刊發財務業績後， 審慎 閱讀相關財務資料。 承董事會命 吉利汽車控股有限公司 公司秘書 張頌仁 香港，二零二五年十一月二日 GEELY AUTOMOBILE HOLDINGS LIMITED 未經審核之二零二五年十月銷量 吉利汽車控股有限公司(「本公司」，連同其附屬公司統稱為「本集團」）董事會欣然宣佈， 本集團於二零二五年十月的汽車總銷量為307,133部，較去年同期增長約35%。詳細如 ...

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告的內 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 不對因本公告全部或任何部份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。 DONGFENG MOTOR GROUP COMPANY LIMITED* 東風汽車集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：489） 有關於全國銀行間債券市場發行之債券的公告 本 公 司 於 中 華 人 民 共 和 國（「中 國」）全 國 銀 行 間 債 券 市 場 發 行 若 干 債 務 工 具。 根 據 中 國 相 關 法 律 法 規， 於 該 等 債 務 工 具 存 續 期 間， 本 公 司 須 於 相 關 季 度 結 束 後 一 個 月 內 刊 發 未 經 審 計 季 度 報 告（「 未經審 計季度報告」）。截 至 二零二五年九月三十日 止 九個月 之未經審計季 度報告，載 列 本 集 團 及 本 公 司（不 包 括 其 附 屬 公 司）作 為 母 公 司 截 至 二零二五年九月三十日 止 九個 ...

Market Overview - The Hong Kong stock market showed a slight recovery, closing at 25,910 points, just below the 26,000-point mark, leading to investor expectations for a potential breakthrough [1] - Bearish investors believe the index will not reach 26,000 points and are opting for bearish overnight positions, while some investors are taking long positions with a bullish outlook [1][3] Technical Signals - Current short-term signals lean towards "buy," with 9 buy signals and 6 sell signals, indicating a slightly positive sentiment [4] - Key support levels are identified at approximately 25,398 points and 24,600 points, with resistance at 26,500 points [4] Tencent Holdings (00700.HK) - Tencent's stock price closed at 627 HKD, showing a weak rebound, with concerns about insufficient upward momentum [7][9] - Short-term technical signals indicate a "buy" with 9 buy signals and 4 sell signals, but the stock faces resistance at 653 HKD and needs to break this level to target 668 HKD [9] HSBC Holdings (00005.HK) - HSBC's stock price rebounded slightly to 103 HKD, raising questions about whether this is a good entry point around the 100 HKD mark [10][12] - Technical signals show a "buy" with 8 buy signals and 7 sell signals, but caution is advised as support is at 99.6 HKD [12] Ping An Insurance (02318.HK) - Ping An's stock closed at 54.75 HKD, with investors questioning if 55 HKD is a significant resistance level [15][18] - The technical outlook is neutral, with 6 buy signals and 7 sell signals, indicating no clear trend [18] Geely Automobile (00175.HK) - Geely's stock price closed at 17.17 HKD, with a general bearish sentiment among investors who believe the rebound may end soon [21][24] - Technical signals show 8 sell signals and 6 buy signals, suggesting a bearish outlook with support at 18.4 HKD [24] Hong Kong Exchanges and Clearing (00388.HK) - The stock closed at 427.8 HKD, with investors speculating on whether it can stabilize above 430 HKD for further upward movement [27][30] - Current technical signals indicate a "buy" with 11 buy signals and 4 sell signals, suggesting potential for further gains if it breaks resistance at 442 HKD [30]

Market Overview - The Hang Seng Index is expected to rise towards 28,000 points due to the extension of the US-China tariff truce and a general easing of trade tensions, alongside expectations of potential policy support ahead of the October Fourth Plenary Session [2] - Despite no improvement in corporate earnings, the resurgence of AI-related stocks is leading the market, particularly in the technology sector [2] Macro Focus - China's foreign exchange reserves increased by 0.5% month-on-month, with the central bank continuing to accumulate gold for 11 consecutive months [3][8] - The World Bank has raised its forecast for China's economic growth this year to 4.8%, although a slowdown is expected next year [3] - The WTO has significantly downgraded its forecast for global goods trade growth in 2026, citing headwinds from unilateral tariffs [3] Corporate News - Cloud technology company Yunji Technology (2670) is launching an IPO today, aiming to raise up to 660 million HKD [4] - Xiaomi's (1810) sales performance for the new 17 series has exceeded expectations [4] - Geely Automobile (0175) plans to repurchase shares worth 2.3 billion HKD [4] - Botai Car Union (2889) is collaborating with Tang (0020) to expand into humanoid robotics and other fields [4] Sector Insights - AI concept stocks are gaining traction as mainland China accelerates the application of "Artificial Intelligence+" [7] - Mobile device stocks are performing well due to strong sales of new flagship smartphones, with OpenAI reportedly developing its own AI devices [7] - Biotech stocks are expected to be less affected by US tariffs on innovative drugs, benefiting from the interest rate reduction cycle [7] Retail Sector - Hong Kong's retail sector is experiencing low double-digit growth, with luxury goods sales outperforming last year, driven by an increase in mainland visitors during the National Day and Mid-Autumn Festival [9] Financial Sector - The total assets of the Mandatory Provident Fund (MPF) in Hong Kong have reached a new high of over 1.5 trillion HKD, with significant returns from stock and mixed asset funds [9]

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示 概不會就因本公告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。 本公告不得直接或間接於或向美國（包括其領土及屬地、美國任何州以及哥倫比亞特區）發佈、 刊發或派發。本公告並不亦無意構成或組成在美國境內或於任何其他司法管轄區購買或認購 證券任何要約或招攬的一部分。發售股份並無亦不會根據《1933年美國證券法》（經不時修訂） （「美國證券法」）或美國任何州或其他司法管轄區的證券法登記，且不得於美國境內提呈發售、 出售、質押或以其他方式轉讓，惟獲豁免遵守美國證券法登記規定及符合任何適用的州證券法 或不受該等規定所規限的交易則除外。發售股份不會在美國公開發售。發售股份僅可依據美國 證券法S規例以及發售及出售發生的各司法權區適用法律在美國境外以離岸交易方式提呈該等 發售及出售。 本公告僅作說明用途，並不構成收購、購買或認購證券的邀請或要約。潛在投資者於決定是否 投資發售股份前，應細閱招股章程有關下文所述本公司及全球發售的詳細 ...

Market Performance - The Hang Seng Index (HSI) closed down 8 points at 26,438, after reaching a four-year high of 26,601 earlier in the day[1] - The Shanghai Composite Index (SSE) rose 1 point, closing at 3,861, with a trading volume of 9,898 billion yuan[1] - The total market turnover in Hong Kong was 294.007 billion HKD[1] U.S. Market Trends - The S&P 500 index fell 8 points to close at 6,606 after hitting a new high of 6,626[1] - The Nasdaq Composite dropped 14 points to 22,333, while the Dow Jones Industrial Average decreased by 125 points or 0.3%, closing at 45,757[1] Economic Indicators - The unemployment rate in Hong Kong for June to August was reported at 3.7%, unchanged from the previous period and below the market expectation of 3.8%[3] - The underemployment rate increased from 1.4% to 1.6% during the same period[3] Corporate Developments - Chery Automobile plans to issue 297 million H shares at a price range of 27.75 to 30.75 HKD, aiming to raise up to 9.145 billion HKD[3] - GAC Group and Huawei have launched a high-end smart electric vehicle brand named "Qijing," integrating both companies' manufacturing and technology strengths[4]

Market Performance - The Hang Seng Index (HSI) rose by 539 points or 2.2%, closing at 25,617 points, driven by Alibaba's influence[1] - The National Index increased by 174 points or 1.9%, closing at 9,121 points[1] - The Hang Seng Tech Index gained 124 points or 2.2%, ending at 5,798 points[1] - Total market turnover reached HKD 380.23 billion[1] Economic Indicators - The People's Bank of China conducted a 182.7 billion yuan reverse repurchase operation at a rate of 1.4%[1] - The USD/CNY midpoint was adjusted down by 42 points to 7.1072[1] - In July, the total retail sales value in Hong Kong was estimated at HKD 29.7 billion, a year-on-year increase of 1.8%, below the expected 2.5%[2][3] Automotive Sector Insights - BYD reported a production of 353,090 new energy vehicles in August, a year-on-year decrease of 3.8%[3] - Li Auto delivered 28,529 vehicles in August, a decrease of approximately 7.2% from July[4] - NIO delivered 31,305 vehicles in August, marking a year-on-year growth of 55.2%[4]