Core Viewpoint - The company has agreed to sell its entire stake in a Japanese hotel for 910 million yen, capitalizing on favorable market conditions and strong demand for Japanese real estate assets during the yen depreciation and tourism recovery [1] Group 1: Transaction Details - The seller, a wholly-owned subsidiary of the company, has entered into an agreement with the buyer to sell all issued shares of Shangzhu Investment Limited for 910 million yen [1] - The transaction is seen as an attractive opportunity to realize a premium above the hotel's book value and appraisal value [1] Group 2: Strategic Rationale - The company views its operations in Japan as non-strategic and has not allocated sufficient resources to manage its Japanese business [1] - The board believes that continuing to hold the hotel would not provide the best returns for shareholders, and selling the hotel will streamline operations and reduce management burden [1] - The proceeds from the sale will allow the company to reallocate resources to markets and business segments where it has stronger competitive advantages and local expertise [1]

Group 1 - Schroders Capital has announced the appointment of Junnosuke Ando as the Head of Real Estate Investment for the Asia-Pacific region, effective September 29, 2025 [1] - Ando will be based in Singapore and will work closely with regional teams located in Hong Kong, Shanghai, and Tokyo [1] - Andrew Moore, the current Head of Real Estate Investment for the Asia-Pacific region, will be promoted to Chairman of Real Estate Investment for the Asia-Pacific region and will continue to be based in Hong Kong [1] Group 2 - Junnosuke Ando has over 20 years of experience in real estate investment across both general partner and limited partner roles [1] - Prior to joining Schroders Capital, Ando served as the Head of Real Estate for the Asia-Pacific region at the Ontario Teachers' Pension Plan (OTPP), where he was responsible for thematic real estate private equity growth investment strategies [1] - Before his tenure at OTPP, Ando worked for 15 years in Goldman Sachs' real estate team, where he held the position of Managing Director before leaving [1] Group 3 - The real estate team at Schroders Capital in the Asia-Pacific region currently consists of 22 investment professionals distributed across the region [1]

Core Viewpoint - The article humorously discusses the common workplace behavior of employees engaging in casual conversations and distractions, emphasizing the importance of maintaining professionalism while also enjoying light-hearted moments at work [1]. Group 1 - Employees often engage in light-hearted banter and distractions during work hours, which is seen as a normal behavior [1]. - The article warns against the potential pitfalls of copying jokes or comments from colleagues, which could lead to misunderstandings or awkward situations in a professional setting [1]. Group 2 - The article includes anecdotes about humorous interactions in everyday life, showcasing the lighter side of workplace dynamics and social interactions [1][3]. - It highlights the contrast between serious work expectations and the reality of casual interactions among colleagues, suggesting a balance between professionalism and personal connection [1].

Core Viewpoint - The company,黎氏企业, anticipates a significant decline in its profit for the period ending June 30, 2025, projecting an unaudited consolidated profit attributable to shareholders of approximately 1.1 million Macanese Patacas, down from 5.3 million Macanese Patacas for the period ending June 30, 2024 [1] Group 1 - The expected profit decrease is primarily attributed to the ongoing weakness in the property market, leading to a provision for property losses amounting to 2.6 million Macanese Patacas [1] - Additionally, there is a provision of 300,000 Macanese Patacas for financial assets and contract assets, contrasting with a reversal of impairment losses of 2.8 million Macanese Patacas for the period ending June 30, 2024 [1] - Consequently, the overall profit reduction for the group is estimated at 3.1 million Macanese Patacas for the period ending June 30, 2025 [1]

Core Viewpoint - The company, Lee's Enterprises (02266.HK), anticipates a significant decline in its unaudited consolidated profit attributable to shareholders, projecting a profit of approximately MOP 1.1 million for the period ending June 30, 2025, compared to MOP 5.3 million for the period ending June 30, 2024 [1] Group 1 - The board attributes the profit decline primarily to the ongoing weakness in the property market, leading to a provision for property losses amounting to MOP 2.6 million [1] - Additionally, there is a provision for financial assets and contract assets amounting to MOP 0.3 million, whereas for the period ending June 30, 2024, there was a reversal of impairment losses amounting to MOP 2.8 million [1] - Consequently, the overall profit reduction for the group is estimated at MOP 3.1 million for the period ending June 30, 2025 [1]

Core Viewpoint - Taihe Holdings (00718) anticipates a significant pre-tax loss of approximately HKD 200 million to HKD 240 million in the first half of 2025, following an unaudited pre-tax loss of about HKD 275 million for the six months ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The company expects a pre-tax loss of around HKD 200 million to HKD 240 million for the first half of 2025 [1] - For the six months ending June 30, 2024, the company reported an unaudited pre-tax loss of approximately HKD 275 million [1] Reasons for Loss - The anticipated pre-tax loss is primarily attributed to a decrease in the fair value of investment properties in China [1] - Provisions for losses related to financial guarantee contracts signed with domestic banks for non-group company bank borrowings [1] - Financial costs associated with bank loans linked to the acquisition of a shopping center in Guangzhou [1]

Core Viewpoint - Taihe Holdings (00718.HK) anticipates a significant pre-tax loss ranging from approximately 200 million HKD to 240 million HKD in the first half of 2025, compared to an unaudited pre-tax loss of about 274.7 million HKD in the same period last year [1] Summary by Relevant Categories - **Financial Performance** - The expected pre-tax loss for the first half of 2025 is projected to be between 200 million HKD and 240 million HKD [1] - The previous year's unaudited pre-tax loss was approximately 274.7 million HKD [1] - **Reasons for Loss** - The anticipated pre-tax loss is primarily attributed to: - A decrease in the fair value of investment properties in China [1] - Provision for losses related to financial guarantee contracts signed with domestic banks for non-group company bank borrowings [1] - Financial costs associated with bank loans linked to the acquisition of a shopping center in Guangzhou [1]

Domestic News - Shenzhen's "New Three Products" exports reached 62.18 billion yuan in the first seven months of 2025, marking a year-on-year growth of 21.5%, driven by policy facilitation and global demand [2] - Shenyang is launching an autumn automotive consumption subsidy program from August 22 to September 5, 2025, with a total subsidy of 50 million yuan for consumers purchasing new or used passenger cars [3] - Jiangsu Province's automotive manufacturing investment grew by 18.3% in the first seven months of 2025, contributing to a 7.2% increase in industrial added value [4] - The top ten MPV manufacturers in China sold 521,000 units from January to July 2025, accounting for 77.9% of total MPV sales, with varying sales performance among the companies [5] International News - South Korean companies plan to invest approximately 150 billion USD in the U.S., including projects by Samsung Electronics and Hyundai Motor [6] Corporate News - eBay announced a free return service for eligible automotive parts purchases, enhancing the buying experience for consumers [7] - KKR has emerged as the leading bidder for Nissan's global headquarters building, offering approximately 90 billion yen (610 million USD) [8] - Malaysia's new car sales in July 2025 saw a slight decline of nearly 5% year-on-year, with total sales for the first seven months also down by 5% [9] - WeRide launched an end-to-end assisted driving solution in collaboration with Bosch, expected to achieve mass production by 2025 [11] - Tesla introduced a six-seat long-wheelbase Model Y in China, with CEO Elon Musk indicating that this variant may not be produced in the U.S. [12] - Baixin Rhino completed a B+ round of financing, bringing its total B round financing to nearly 500 million yuan [12] - New Chip Navigation recently saw investment from NIO Capital and others, increasing its registered capital from approximately 12.27 million yuan to about 14.99 million yuan [13]

Group 1 - The company reported total revenue of HKD 94.7 million for the six months ending June 30, 2025, representing a year-on-year decrease of 28.5% [1] - The decline in revenue is primarily attributed to weak performance in the healthcare segment, along with reduced interest income from financial investments, partially offset by stable contributions from property investments [1] - The underlying recurring profit, calculated by excluding unrealized fair value changes of financial assets and investment properties, decreased by 26.6% to HKD 45.3 million, mainly due to reduced sales contributions from the healthcare segment [1] Group 2 - The company declared an interim dividend of HKD 0.03 per share and a special interim dividend of HKD 0.05 per share [1]

Core Viewpoint - Great Wall Pan-Asia Holdings (00583) anticipates a significant shift from profit to loss for the six months ending June 30, 2025, primarily due to substantial losses in property valuations and share of losses from an associate company [1][2] Group 1: Financial Performance - The company expects an unaudited consolidated loss attributable to shareholders of approximately HKD 266 million to HKD 294 million, with an unaudited basic loss per share ranging from approximately HKD 0.1697 to HKD 0.1876 [1] - In contrast, for the six months ending June 30, 2024, the company reported an unaudited consolidated profit attributable to shareholders of HKD 4.52 million and an unaudited basic earnings per share of HKD 0.0029 [1] Group 2: Reasons for Loss - The anticipated loss is primarily attributed to a projected fair value loss of approximately HKD 87 million to HKD 91 million on investment properties, compared to a fair value gain of approximately HKD 79 million for the same period in 2024 [1] - Additionally, the company expects to share losses from an associate company amounting to approximately HKD 69 million to HKD 72 million, contrasting with a profit share of approximately HKD 65 million for the six months ending June 30, 2024, due to fair value losses and increased financial costs [1] Group 3: Market Conditions - The ongoing downturn in the Hong Kong real estate market has negatively impacted the valuation of the company's and its associates' investment properties, which are primarily composed of commercial properties [2] - Despite these valuation challenges, the company maintains that the fair value gains/losses are non-cash in nature and that its investment properties are long-term investments aimed at generating stable and recurring rental income and investment returns, indicating that the overall financial and business condition remains robust [2]