花旗发表研报指，考虑到豫园的盈警及对复星其他业务(主要为健康板块)的最新预测，预计复星国际在 2025财年将录得约7.78亿元的净亏损。该行将其目标价从6.5港元下调至5.6港元，维持"买入"评级。该 行认为集团拟通过出售或资产证券化剥离非核心资产的策略，可加快集团的去杠杆化进程，并可能收窄 其目前高达75%的净资产值折价。该行又将集团今明两年的盈利预测下调17%至28%，但认为其在波动 性极大的股票市场中进行增值收购的能力具有潜在上涨空间。 ...

智通财经APP讯，美亨实业(01897)发布公告，于2026年1月29日，该公司斥资2.88万港元回购6万股股 份。 ...

粤海投资发布盈喜，预计去年归属净利润将同比增长43%，达到44.93亿港元，超出该行预测的41.27亿 港元。大摩表示，集团盈喜主要因粤海置地(00124)于2024年度录得重大亏损后，自去年1月起不再综合 入账，以及融资成本及行政费用降低。 摩根士丹利发布研报称，假设粤海投资(00270)65%的派息率保持不变，注意到每股股息有上行空间，预 计去年每股股息为0.45港元，高于其原先预测0.41港元;予集团目标价7.74港元;评级"增持"。 ...

经扣除配售佣金及所有相关开支后，每股配售股份的净发行价为约2.101港元。由于配售股份并未悉数 配售，配售事项实际所得款项总额约为2790万港元，而配售事项实际所得款项净额(经扣除配售佣金及 所有相关开支)约为2714万港元，拟用于充实一般营运资金及增强集团的财务状况，其中约1160万港元 (即配售事项所得款项净额约42.74%)将用于购买皮革制造以及/或皮革及机动车发动机延伸清洁服务相 关的材料、设备及费用成本，以及其他贸易业务;约904万港元(即配售事项所得款项净额约33.31%)将用 作集团一般营运资金，包括(但不限于)支付租金、员工成本、专业费用以及其他一般行政及营运开支;及 约650万港元(即配售事项所得款项净额约23.95%)将用于偿还未偿还债务。 中联发展控股(00264)发布公告，配售协议所载的所有条件已获达成，并且已于2026年1月27日完成配售 事项(配售事项完成)。合共1291.6万股配售股份(相当于公司于紧接配售事项完成前的现有已发行股本 4.62亿股股份约2.80%;及经配发及发行配售股份扩大后的公司已发行股本约2.72%)已根据配售协议的条 款按每股配售股份2.16港元的配售价成功 ...

Group 1 - The company Zhonglian Development Holdings (00264) has completed a placement of 12.916 million shares, representing approximately 2.80% of the existing issued share capital before the placement and about 2.72% after the placement [1] - The placement was successfully executed at a price of HKD 2.16 per share, with a net issuance price of approximately HKD 2.101 per share after deducting placement commissions and related expenses [2] - The total amount raised from the placement is approximately HKD 27.9 million, with a net amount of about HKD 27.14 million intended for general working capital and to enhance the financial position of the group [2] Group 2 - Approximately HKD 11.6 million (42.74% of the net proceeds) will be used for purchasing materials, equipment, and costs related to leather manufacturing and/or clean services for leather and automotive engines [2] - About HKD 9.04 million (33.31% of the net proceeds) will be allocated for general working capital, including rent, employee costs, professional fees, and other administrative and operational expenses [2] - Approximately HKD 6.5 million (23.95% of the net proceeds) will be used to repay outstanding debts [2]

凤凰网财经讯 1月22日，由上市公司领袖俱乐部、凤凰网财经联合主办的"'A+H新浪潮'暨第三十四期上 市公司企业家交流会"于北京东方茂酒店召开，汇聚李国庆、兰世立等重磅嘉宾，聚焦A+H股上市公司 面临的产业升级、资本运作、跨境布局的多重机遇与挑战，旨在凝聚上市公司企业家力量，探讨企业协 同发展、资本赋能与产业升级路径，助力构建产融结合新生态。 郭凡生分享了自身经验："我公司上市前，就为员工发放了10%的期权。若总股数为10亿股，员工便能 持有1亿股，我们直接按IPO发行价执行即可。待上市后股价每上涨3元，员工手中的期权就会增值3亿 元。"他强调，这笔增值收益既无需老板个人掏腰包，也不会减少上市公司现金流，本质是让员工共享 企业发展红利。 交流会上，慧聪集团创始人、董事局主席郭凡生在公开演讲中，聚焦上市公司劳资矛盾与员工激励问题 发表犀利观点，直指部分企业在员工期权激励上的缺位与小气，强调"善待员工方能凝聚人心，实现企 业与员工共赢"。 演讲最后，郭凡生总结道："只有笨蛋的老板，没有笨蛋的员工。你对员工好一分，员工就能对你好十 分。"他呼吁广大企业经营者摒弃小气思维，重视员工激励，通过合理的期权分配等方式凝聚人 ...

Core Viewpoint - The company, CK Hutchison Holdings Limited, has responded to rumors regarding the potential spin-off of its global telecommunications business for independent listing, stating that no decisions have been made regarding any transactions related to its telecommunications or retail assets [1][3]. Group 1: Company Announcement - On January 21, CK Hutchison Holdings Limited announced on the Hong Kong Stock Exchange that it is aware of media reports concerning the potential independent listing of its global telecommunications assets and business [1]. - The company emphasized that as of the date of the announcement, the board has not made any decisions regarding transactions involving its existing telecommunications or retail assets, including any independent listings [1][3]. - Shareholders and potential investors are advised that it is currently uncertain whether any such transactions will occur [1]. Group 2: Company Background - CK Hutchison Holdings Limited is a diversified enterprise operating in multiple countries, founded by Li Ka-shing, with the current chairman being Li Zeju, and is headquartered in Hong Kong [3]. - The company operates through four main sectors: ports and related services, retail, infrastructure, and telecommunications [3]. - In March 2025, the company had previously addressed similar rumors about the potential spin-off of its global telecommunications assets, reiterating that no decisions had been made regarding any transactions [3].

格隆汇1月21日丨煜荣集团(01536.HK)宣布，于2026年1月21日，公司作为租客与业主The Centre (65) Limited订立有关租赁该处所(香港中环皇后大道中99号中环中心65楼6505-11号办公室的全部及6503号办 公室的一部分)的租赁协议。 租约的条款(包括每月基本租金)是经双方公平协商后厘定的，并考虑了香港当时的经济状况及附近地区 同类物业的现行市场租金。集团拟将来将该处所用作集团在香港的总部及陈列室。楼面面积较大的处所 将足以满足集团的营运需要，并有利于业务的未来扩张和增长。董事认为，租约项下拟进行的交易属集 团的正常及日常业务过程，租约条款为一般商业条款，属公平合理，符合公司及股东整体利益。 ...

Core Viewpoint - UBS reports that the performance of Hong Kong composite enterprises will be differentiated in 2025, driven mainly by asset sales and capital recovery activities, with investors shifting to valuing companies based on price-to-book ratios rather than dividend yields [1] Group 1: Company Ratings and Price Targets - UBS prefers Cheung Kong (00001) and Swire A (00019) among the covered stocks, giving Cheung Kong a "Buy" rating with a target price of HKD 58.8, raised from USD 83.4 and HKD 67 [1] - Swire is given a "Neutral" rating, with its target price reduced from HKD 74 to HKD 72.7 [1] Group 2: Financial Projections - UBS forecasts that Cheung Kong's basic net profit will grow by 3% year-on-year in 2025, a slowdown from the 11% growth seen in the first half of last year, with expected EBITDA growth in the port and retail businesses to decelerate in the second half [1] - For Swire, UBS estimates a 9.1% year-on-year increase in recurring basic earnings to HKD 10.1 billion, with a projected 5% rise in the final dividend [1] Group 3: Asset Management and Valuation - UBS believes that potential asset sales and possible spin-off plans could help Cheung Kong narrow its current 47% discount to net asset value, indicating that the current valuation is attractive [1] - Unlike Cheung Kong and Jardine Matheson, UBS sees limited room for corporate actions for Swire but expects continued improvement in its balance sheet this year, benefiting from growth in its real estate business [1]

Group 1 - Xibei's CEO Jia Guolong admits that the company will close a large number of stores [2] - The Central Bank of China projects an increase of 16.27 trillion yuan in RMB loans for the year 2025 [2][4] - The State Grid plans to invest 4 trillion yuan in building a new power system during the 14th Five-Year Plan [2] Group 2 - The founder of the "Dead or Alive" app responds to its removal from app stores [4] - The Central Bank indicates there is still room for further cuts in reserve requirements and interest rates this year [4] - Han Shu has been reported for adding banned ingredients, leading to collective complaints [4]