Market Overview - The report highlights the pressure on US stock markets due to Federal Reserve Chairman Powell downplaying further rate cuts, leading to a decline in major indices such as the Dow Jones, S&P 500, and Nasdaq [8][10] - Meta's significant earnings drop of 11.3% is attributed to excessive AI-related capital expenditures, impacting investor sentiment [8][10] - A trade agreement between China and the US for the purchase of 12 million tons of US soybeans is expected to benefit the US agricultural sector [8][10] Company Performance - Amazon's third-quarter results exceeded expectations, with strong growth in its cloud division, leading to a stock price surge of over 13% before closing down 3.2% [10] - Apple's fourth-quarter revenue reached $102.47 billion, a year-on-year increase of 7.9%, although iPhone revenue fell short of analyst expectations [10][12] - AIA Group reported a new business value of $4.314 billion, an 18% increase year-on-year, with annualized new premiums rising by 10% [12] Economic Indicators - The US Congressional Budget Office estimates that the government shutdown has caused at least $18 billion in economic losses, with potential short-term boosts to Q1 2026 growth [10] - The European Central Bank maintained its deposit rate at 2%, aligning with market expectations, while inflation in the Eurozone remains close to the 2% target [10][12] Stock Recommendations - The report recommends a buy for the stock of Mixue Group, citing strong performance in the first half of 2025 and a diversified product matrix following the acquisition of a beer brand [21] - Zhongchu Innovation (3931) is noted for benefiting from strong demand in the new energy vehicle and energy storage battery sectors, with optimistic long-term growth potential [21] Key Economic Data Releases - Upcoming economic data releases include China's manufacturing PMI for October, expected at 49.6, and Hong Kong's GDP growth for Q3, projected at 3% year-on-year [19]

SHUANGDENG GROUP CO., LTD. 雙登集團股份有限公司 於中華人民共和國註冊成立的股份有限公司 聯席賬簿管理人及聯席牽頭經辦人 重要提示 重要提示： 閣下如對本招股章程的任何內容有任何疑問，應諮詢獨立專業意見。 股份代號：06960 全球發售 聯席保薦人、保薦人兼整體協調人、整體協調人、 聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 SHUANGDENG GROUP CO., LTD. 雙登集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 全球發售 發售價 ： 每股H股14.51港元，另加1.0%經紀佣金、0.0027% 證監會交易徵費、0.00565%香港聯交所交易費 及0.00015%會財局交易徵費（須於申請時以港 元繳足，並可予退還） 聯席保薦人、保薦人兼整體協調人、整體協調人、 聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算有限公司對本招股章程的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本招股章程全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承 擔任何責任。 本招股章 ...