Group 1: Horizon Robotics (09660) - Horizon Robotics has experienced a significant decline, with a recent high of 11.32 HKD and a low of 8.03 HKD, closing at 8.33 HKD today. Investors remain optimistic about the stock's potential to break through 11.32 HKD [1] - Currently, there are no related warrants available in the market, only two call options with substantial out-of-the-money margins. Investors may need to wait for more closely priced products to be issued [1] - If investors are optimistic about the stock, they should consider monitoring the stock itself rather than relying on warrants, which may decline significantly if the stock does not rise or remains stagnant [1] Group 2: China Southern Airlines (01055) - China Southern Airlines has shown a strong upward trend, but trading volume has started to weaken, indicating potential fatigue in the stock's performance [2] - Investors are still optimistic, believing the stock could reach 6 HKD or even 6.3 HKD, although the immediate resistance level is around 5.43 HKD [2] - There are limited warrant products available for this stock, with one at an exercise price of 4.88 HKD and another upcoming at 6.66 HKD, making investor choices quite limited [4] Group 3: GCL-Poly Energy (03800) - GCL-Poly Energy's stock price has not performed well, dropping to a low of 1.25 HKD and closing at 1.32 HKD, with significant trading volume during the decline [4] - Despite the downturn, investors remain confident that the stock could rebound above 1.5 HKD, needing to first break the resistance at 1.45 HKD [4] - There are several warrant options available, with some having favorable terms, including three products expiring in March with exercise prices around 1.68 HKD to 1.69 HKD [7] Group 4: China Duty Free Group (01880) - China Duty Free Group's stock has shown volatility, recently reaching a high before closing at 78.9 HKD, with some investors still seeing potential for upward movement [8] - There are multiple warrant options available at exercise prices around 79 HKD and 80 HKD, with one product showing a leverage advantage of 3.5 times and a low implied volatility of 64.8% [8] - The market for warrants related to this stock is competitive, with various products available, indicating a healthy interest from issuers despite the stock being less frequently mentioned [8]

Summary of Key Points Core Viewpoint - The analysis focuses on the performance and potential investment opportunities related to specific stocks, particularly Xiaomi, Jiangxi Copper, Standard Chartered, and Cathay Pacific, along with their corresponding financial products. Group 1: Xiaomi Group (01810) - Xiaomi's stock has seen a significant decline from a high of 59.9 HKD to a current price of 44.9 HKD, a drop of 15 HKD [1] - Technical signals currently indicate a "strong buy" for Xiaomi, suggesting a slight bullish outlook despite the recent downturn [1] - There are limited options for call products at the current price level, with some having exercise prices around 37 HKD and leverage between 2.1x to 2.6x [1] - If the stock price drops below 42.8 HKD, it may reach 38.2 HKD, making products with an exercise price of 37.15 HKD potentially attractive [2] - The market has few suitable out-of-the-money products, with exercise prices starting at 52 HKD, indicating a more than 10% out-of-the-money margin [3] Group 2: Jiangxi Copper (00358) - Jiangxi Copper's stock price closed at 32.82 HKD, slightly below the middle line of the Bollinger Bands, indicating mixed market sentiment [6] - There are four put options available with exercise prices ranging from 28.88 HKD to 20 HKD, with varying leverage and implied volatility [7] - A comparison of put options shows that the 28.88 HKD exercise price has better leverage and implied volatility than the 23.35 HKD option, highlighting the importance of product comparison [7] Group 3: Standard Chartered (02888) - Standard Chartered's stock price increased to 153 HKD, with investors speculating whether it will challenge the previous high of 158.5 HKD [9] - There are currently limited suitable put options available for Standard Chartered, indicating a lack of investment products for bearish strategies [9] Group 4: Cathay Pacific (00293) - Cathay Pacific's stock has shown upward movement, closing at 11.26 HKD and breaking through the upper Bollinger Band [12] - There are limited options for call products, with only two available that have an exercise price of around 13 HKD and leverage of approximately 9.3x [13][14] - Investors are advised to compare the available products carefully, as the selection is currently limited, and the stock has already experienced a price increase [14]

Market Performance - Hang Seng Index (恒指) rose by 359 points or 1.4%, closing at 26,518 points after initially opening down 85 points[1] - The National Index (國指) increased by 152 points or 1.6%, closing at 9,442 points[1] - The Hang Seng Tech Index (恒生科技指數) gained 156 points or 2.5%, closing at 6,323 points[1] - Total market turnover reached 288.77 billion HKD[1] Economic Indicators - The People's Bank of China conducted a 401.5 billion CNY reverse repurchase operation at a rate of 1.4%[1] - 418.5 billion CNY in reverse repos matured, resulting in a net withdrawal of 17 billion CNY for the day[1] - The RMB/USD central parity rate was adjusted down by 20 points to 7.1077[1] A-Share Market - Shanghai Composite Index (滬指) closed at 3,853 points, up 31 points or 0.8%, with a turnover of 1.02 trillion CNY[1] - Shenzhen Component Index (深證成指) rose by 236 points or 1.8%, closing at 13,356 points with a turnover of 1.31 trillion CNY[1] - ChiNext Index (創業板指) increased by 71 points or 2.3%, closing at 3,185 points with a turnover of 628.5 billion CNY[1] Corporate Updates - Cathay Pacific (國泰航空) suspended flights due to Typhoon Haikui, affecting approximately 85,000 customers with around 540 flights canceled[3] - Nine Dragons Paper (玖龍紙業) reported a revenue of 63.241 billion CNY, a year-on-year increase of 6.3%, and a net profit of 1.767 billion CNY, up 135.4%[3]

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。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1055） 主要營運數據公告 本公告乃根據將在上海證券交易所刊登的本集團2025年7月主要營運數據，上市規則第13.09 條及第13.10B條，以及香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文（定 義見上市規則）而作出。 相關主要運營數據來自本集團內部統計，可能與相關期間定期報告披露的數據有差異。投 資者應注意不恰當信賴或使用相關信息可能造成投資風險。 本公告乃根據將在上海證券交易所刊登的中國南方航空股份有限公司（「本公司」）及其 附屬公司（統稱「本集團」）2025年7月主要營運數據，香港聯合交易所有限公司證券上市 規則（「上市規則」）第13.09條及第13.10B條，以及香港法例第571章證券及期貨條例第 XIVA部項下之內幕消息條文（定義見上市規則）而作出。 | 載運量 | | 2025年7月 | | 2025年累計 | | ...

Group 1 - The report details the changes in the registered capital and issued shares of China Southern Airlines Co., Ltd. as of July 31, 2025, indicating no change in the registered capital for the securities with code 01055 and a slight increase of 486 shares for the securities with code 600029 [1] - The total registered capital at the end of the month is RMB 18,120,917,661, with the number of issued shares remaining stable for the securities with code 01055 and a minor increase for the securities with code 600029 [1] - The report confirms that all securities issuance and stock transactions have been authorized by the board of directors and comply with applicable listing rules and regulations [3] Group 2 - The report specifies that there were no changes in the stock options or warrants related to the issuer's stock option plan [1] - The convertible bonds had a conversion price adjustment from RMB 6.20 to RMB 6.17 per share, effective from November 28, 2022 [1] - The total increase in issued shares (excluding treasury shares) for the month is 486 ordinary shares, with no treasury shares being transferred [1]

Core Viewpoint - The company is proposing to renew and update several ongoing related transactions and agreements, including financial services, aircraft leasing, and catering services, with a focus on establishing annual caps for these transactions until December 31, 2028 [7][8]. Group 1: Ongoing Related Transactions - The company plans to renew existing agreements that will expire on December 31, 2025, to better manage ongoing related transactions and regulate business relationships with the Eastern Airlines Group [8]. - The proposed agreements include financial services, aircraft and engine leasing, catering and supply services, and property leasing and management services [7][8]. - The company aims to set annual caps for these transactions for the three years ending December 31, 2028 [7][8]. Group 2: Financial Services Agreement - A new financial services agreement will be established with Eastern Airlines Finance Company, effective from January 1, 2026, to December 31, 2028 [11][12]. - The agreement will include deposit services, comprehensive credit services, and other financial services [12]. - The deposit rates will be determined based on market principles and should not be lower than those offered by major commercial banks in China [12] Group 3: Special Shareholders Meeting - A special shareholders meeting will be convened to discuss and approve the proposed ongoing related transactions and the financial services agreement [7][8]. - The meeting is scheduled for August 27, 2025, where independent shareholders will be provided with recommendations from the independent board committee and financial advisors [7][8]. Group 4: Independent Advisory - The independent financial advisor will provide opinions and recommendations regarding the ongoing related transactions to the independent board committee and shareholders [7][8]. - The independent board committee will also issue recommendations to independent shareholders concerning the proposed transactions [7][8].

Group 1: Market Overview - The Hang Seng Index (HSI) is expected to continue rising to 25,800-26,000 next week, with a support level at 24,600 and a resistance level at 25,894 [1] - Technical signals indicate a "strong buy" for the semiconductor sector, with a potential price target of 56-60 HKD for SMIC [3] - China Southern Airlines has recently broken through its previous high, with a key resistance level at 6.19 HKD [6] Group 2: Individual Stock Analysis - Ganfeng Lithium is showing a gradual upward trend, with a support level at 27 HKD and a resistance level at 33.6 HKD, potentially reaching 35 HKD [9] - Alibaba's stock is currently viewed as a buying opportunity, with a target of 130 HKD and support levels at 112.3 HKD and 105.7 HKD [12] - AAC Technologies has a neutral technical signal, with resistance levels at 41.2 HKD and 42.5 HKD, indicating a lack of clear direction [15]

Group 1 - The report indicates that China International Airlines Co., Ltd. has not experienced any changes in its registered capital or issued shares as of May 31, 2025, with a total registered capital of RMB 17,448,421,000 [1][2] - The number of issued shares for the company remains at 4,955,610,672 for the Hong Kong listed shares and 12,492,810,328 for the Shanghai listed shares, with no increase or decrease reported [1][2] - The report confirms that there are no outstanding options, warrants, or convertible securities affecting the share capital of the company [1][2] Group 2 - The report is submitted to the Hong Kong Stock Exchange and is compliant with the relevant listing rules, indicating the company's adherence to regulatory requirements [1][2] - The submission date of the report is June 3, 2025, reflecting the company's commitment to timely reporting [1][2] - The document includes a confirmation section that outlines the equal rights of the securities issued, ensuring that all shares have the same dividend rights and voting privileges [2]