Group 1 - The Hong Kong stock market opened higher on September 29, with the Hang Seng Index at 26,321 points, up 193 points, a 0.74% increase, and the Hang Seng Tech Index at 6,236 points, up 41 points, a 0.67% increase [1] - Lai Kai Pharmaceutical-B (02105.HK) saw a surge of over 30% after announcing positive preliminary results from its LAE102 Phase I multi-dose escalation study for obesity, which included overweight/obese participants with an average BMI of 29.4 kg/m² [3] - In the LAE102 study, the 6 mg/kg dose group showed an average lean body mass increase of 1.7% and a fat mass reduction of 2.2% by week 5, with adjusted averages showing a 4.6% increase in lean body mass and a 3.6% reduction in fat mass compared to the placebo group [3] - The study results align with previous Phase I single-dose escalation study findings, demonstrating good tolerability and safety, with no serious adverse events reported [3] - Lai Kai Pharmaceutical is actively negotiating with potential partners to accelerate the clinical development and commercialization of LAE102 [3] Group 2 - The market outlook suggests increased volatility, but the long-term upward trend remains intact, with AI being a key focus for the Hong Kong stock market [6] - The metals sector is expected to benefit from liquidity easing due to interest rate cuts and rising inflation expectations [6] - Recommendations include focusing on technology (including AI internet and high-end manufacturing) and metals as market mainstays, while also considering undervalued insurance stocks and high-dividend value strategies [6] - Some undervalued innovative pharmaceutical stocks may be suitable for bottom-up investment [6]

Group 1 - The core viewpoint of the article highlights a positive outlook for Macau's gaming stocks, driven by an expected increase in tourist arrivals during the upcoming National Day holiday, with daily visitor numbers projected to reach 150,000 [1] - The Macau tourism director expressed optimism regarding hotel occupancy rates during the holiday period, indicating a favorable environment for the gaming industry [1] - Analysts emphasize that the volume of tourists is a critical driver for Macau's gaming sector, predicting that the anticipated daily visitor flow will significantly boost casino traffic and revenue, particularly from mass market gaming [1] Group 2 - Key gaming stocks such as Wynn Macau, Melco International Development, and Sands China have shown notable price increases, with Wynn Macau rising by 4.6% and Sands China by 3.58% [1] - The article suggests focusing on leading companies with balanced business layouts and strong non-gaming capabilities, such as Sands China, Galaxy Entertainment, and Melco International Development, for potential investment opportunities [1] - There is a cautionary note regarding the need to monitor the sustainability of consumer recovery and changes in the competitive landscape of the industry in the medium to long term [1]

Group 1 - The core viewpoint of the article highlights the strong performance of the gaming sector in Hong Kong, particularly Galaxy Entertainment, which saw a 2.5% increase in stock price, closing at 42.66 HKD, indicating significant capital inflow [1] - Galaxy Entertainment has shown a clear improvement in technical patterns, with multiple indicators supporting further short-term upward movement [1] - The stock is currently above all major moving averages, with the 10-day moving average at 41.66 HKD, significantly higher than the 30-day and 60-day moving averages, forming a bullish arrangement [1] Group 2 - The primary resistance level for Galaxy Entertainment is at 43.3 HKD, and if this is surpassed, the next target will be 44.4 HKD; key support is at 41.2 HKD, with stronger support at 40.6 HKD [1] - Despite technical indicators suggesting a "sell" signal, several oscillators like momentum and volatility indicators are issuing "buy" signals, indicating a divergence that investors should analyze further [1] - The MACD indicator maintains a buy signal, but the psychological line shows a top divergence, which may suggest a weakening of short-term upward momentum [3] Group 3 - Recent performance of warrants linked to Galaxy Entertainment shows significant leverage effects, with a 9% increase in a warrant product following a 1.97% rise in the stock price [3] - For investors optimistic about future performance, four warrants are highlighted: Morgan Stanley's warrant with a leverage of 7.3 times and a strike price of 50.93 HKD, and HSBC's warrant with a leverage of 7.9 times, both offering low premiums [6] - UBS and Bank of China warrants provide leverage of 7.6 times and 7.78 times respectively, with a balanced configuration in terms of premium and implied volatility [6] Group 4 - When selecting warrants, investors should focus on the stability of implied volatility to avoid incurring additional costs during periods of volatility expansion [8] - The article encourages engagement with the "Hong Kong Stock Warrant Jenny" account for ongoing professional market analysis and insights into warrant products of interest [8]

Core Viewpoint - The company reported a significant increase in total revenue to approximately HKD 566 million for the fiscal year ending June 30, 2025, primarily driven by the recognition of total gaming revenue under a temporary license [1] Group 1: Financial Performance - Total revenue surged by approximately 200.0% year-on-year to about HKD 510 million from gaming operations [1] - Revenue from hotel operations slightly decreased by 6.0% to approximately HKD 56.2 million, down from HKD 59.8 million in the previous year due to some hotel rooms being closed for renovations [1] - The company recorded a loss of approximately HKD 282 million, compared to a loss of about HKD 132 million in the previous year, with a loss per share of approximately HKD 0.2061, up from HKD 0.0964 in the prior year [1] Group 2: Business Segments - The gaming operations accounted for approximately 90.1% of the total revenue for the year, compared to 74.0% in the previous year, reflecting a significant improvement in performance as the Philippines continues to strengthen its position as a gaming and tourism hotspot [1]

Core Viewpoint - The company reported significant revenue growth but also experienced a substantial increase in net loss, indicating challenges in profitability despite higher sales [1] Financial Performance - Revenue for the year ending June 30, 2025, was HKD 566 million, representing a year-on-year increase of 146.4% [1] - The net loss for the same period was HKD 282 million, which is an increase of 113.8% compared to the previous year [1] - Basic loss per share was HKD 0.2061 [1] Gross Profit and Margin - The company achieved a gross profit of approximately HKD 273.2 million, up from about HKD 132.4 million in the previous year [1] - The gross profit margin for the current year was approximately 48.3%, down from 57.6% in the prior year [1] - The decline in gross margin was primarily attributed to gaming taxes and licensing fees incurred after taking over casino operations in May 2024 [1]

Market Overview - The market sentiment is cautious ahead of the holiday, leading to a decline in the Hong Kong stock market, which closed down 1.35% [1] - New tariffs announced by the U.S. on various imported products, including a 25% tariff on heavy trucks and a 100% tariff on patented and branded drugs, are expected to impact the market negatively [1] Company Performance - Pharmaceutical companies like Kelaiying and Yaojie Ankang saw their stocks drop over 7% due to the tariff news, although the impact on the pharmaceutical sector is limited as U.S. domestic companies bear the sales burden [2] - Boleton, focusing on electric heavy trucks, surged over 20% as it is not affected by the new tariffs [2] Automotive Industry - XPeng Motors announced its entry into five European markets, planning to launch new models and implementing a stock incentive plan, resulting in a stock increase of over 5% [4] - Chery Automobile is expanding its overseas market presence and has established a local development and global collaboration system, with a projected strong sales performance in various regions [4] Energy Sector - The National Energy Administration emphasizes expanding the use of green hydrogen and integrating it into various industries, which is expected to create new growth points in the renewable energy sector [5] - Wood Mackenzie forecasts that global wind power installations will exceed 170 GW annually over the next five years, with a peak of 200 GW by 2034, benefiting companies like Goldwind Technology [5] Gaming and Entertainment - The gaming sector is experiencing growth, with NetDragon leveraging AI technology to reduce costs and improve efficiency, leading to a stock increase of over 16% [6] Semiconductor Industry - The successful launch of a 12-inch silicon carbide substrate processing line marks a significant advancement for China's third-generation semiconductor industry, positioning companies like Jingrui SuperSiC as leaders in the field [7] Battery Industry - Tianneng Power's revenue for the first half of 2025 decreased by 51.53% due to rising raw material costs, but the company is refocusing on its lead-acid battery business, which holds a significant market share [8] - The lithium battery segment showed a revenue increase of 174.6%, driven by demand in the domestic and U.S. markets, indicating potential for recovery in profitability [9]

格隆汇9月26日丨美高梅中国(02282.HK)公告，9月26日耗资1596.5万港元回购100万股。 ...

每经AI快讯，9月26日，港股博彩股午后涨幅扩大，截至发稿，新濠国际发展(00200.HK)涨5.03%，报 5.64港元；银河娱乐(00027.HK)涨3.08%，报42.9港元；澳博控股(00880.HK)涨2.59%，报3.17港元；美 高梅中国(02282.HK)涨1.72%，报16.01港元。 ...

智通财经APP获悉，博彩股午后涨幅扩大，截至发稿，新濠国际发展(00200)涨5.03%，报5.64港元；银 河娱乐(00027)涨3.08%，报42.9港元；澳博控股(00880)涨2.59%，报3.17港元；美高梅中国(02282)涨 1.72%，报16.01港元。 高盛此前发布研报称，对于十一黄金周，基于酒店预订几乎"爆满"，以及与客户沟通的情况，博彩企业 普遍预期需求强劲，而全国运动会则不会对博彩收入有显著影响。中泰国际分析亦指出，若9月与国庆 期间的游客数量与赌场收入较好，对龙头博彩股将受益。 消息面上，为防范超强台风"桦加沙"，澳门特区政府于9月23日下午5时关闭赌场，至9月25日凌晨2时重 开，历时33小时。汇丰表示，赌场停业或进一步抑制国庆黄金周前的淡季需求。但分析人士表示，中秋 国庆"超级黄金周"已然临近，旅游业的强劲复苏也为博彩股带来长期信心。 ...

美高梅中国(02282)发布公告，于2025年9月25日该公司斥资1574.99万港元回购100万股，回购价格为每 股15.61-15.85港元。 ...