M Update Risk Reward Update What's Changed | WH Group (0288.HK) | From | To | | --- | --- | --- | | Price Target | HK$12.70 | HK$11.40 | | Bull Case | HK$14.00 | HK$12.60 | | Base Case | HK$12.70 | HK$11.40 | | Bear Case | HK$8.00 | HK$7.20 | | Updated Components | | | | EPS | | | | Investment Thesis | | | | Bull Base Bear Scenarios | | | July 24, 2026 01:55 PM GMT Risk Reward for WH Group (0288.HK) has been updated WH Group | Asia Pacific Morgan Stanley Asia Limited+ Lillian Lou Equity Analyst Lillian.Lou@ ...

July 24, 2026 10:56 AM GMT Henderson Land | Asia Pacific M Update 1H26 Preview: Earnings Recovery in Sight Key Takeaways (-) China rental could decline YoY in 1H26, given the still challenging office segment with weak occupancy, and softening retail momentum. Valuation - Henderson is currently trading at 0.4x forward P/B with a 4.6% trailing dividend yield, which looks attractive to us in a rising residential price environment. Exhibit 1: Henderson - Forward Dividend Yield Avg, 4.9% +1SD, 7.1% -1SD, 2.8% 1. ...

Vi e w p o i n t | Thoughts on industry landscape — Management believes the LLM industry is entering a phase of explosive growth with intense competition, characterized by persistent computing scarcity and high user churn. Over the next several months, model scale could further expand quickly, achieving 3tn-parameter levels, while application demand, especially in coding, autonomous agents, and multimodal content creation, is expected to surge exponentially. Computing supply, constrained by global productio ...

Risk Reward for Eastroc Beverages (9980.HK) has been updated July 24, 2026 09:11 AM GMT Eastroc Beverages | Asia Pacific M Update Risk Reward Update What's Changed | Eastroc Beverages (9980.HK) | From | To | | --- | --- | --- | | Price Target | HK$195.00 | HK$168.00 | | Bull Case | HK$238.00 | HK$205.00 | | Base Case | HK$195.00 | HK$168.00 | | Bear Case | HK$104.00 | HK$90.00 | | Updated Components | | | | EPS | | | | Bull Base Bear Scenarios | | | Reason for change We keep our 2026e earnings unchanged whi ...

Flash | 24 Jul 2026 04:58:28 ET │ 12 pages BYD (1211.HK) Fundamentals vs Fund-Flow Dashboard CITI'S TAKE BYD's share price, which historically tracks its fundamentals closely, appeared to have decoupled from underlying fundamentals between April and late June 2026 — driven, in our view, by AI-driven fund flow disruptions, tariff-related sentiment noise, and soft China domestic NEV demand. To objectively measure fundamentals momentum independent of market noise, we have developed a 'BYD Weighted-Fundamental ...

We expect the market to react negatively to the management changes. Mr ZHAO Hui was the former Chairman of CCCC Real Estate during 2018-2019 and then the general manager of the market development department of CCCG. He joined Greentown China in June 2025 and has served as executive President, ie., involved in company's strategy and operations for one year. We expect investor concerns may focus on 1) his background in CCCG's real estate restructuring, 2) his age is one year away to the retirement age. | Equi ...

24 July 2026 | 1:00PM SGT Equity Research HSBC (0005.HK/HSBA.L): HSBC announces disposal of its Life and Health Insurance Business in Singapore On 24 Jul 2026, HSBC entered into an agreement to sell HSBC Life (Singapore) Pte. Ltd to Allianz for a consideration of US$2.1bn, with the expected completion in 1H27, subject to regulatory approval. HSBC Life SG offers a broad range of life and health insurance products in Singapore and reported PBT of S$118mn in 2025. Upon completion of disposal, HSBC Bank SG will ...

New chairman & CEO appointed — Greentown announced appointment of Mr. Zhao Hui (age 59), as the new chairman & CEO and Mr. Jiang Feng (age 49) as executive director & executive president. New chairman Mr. Zhao held senior leadership positions within the CCCC/ CCCG system, including Chairman & Party Secretary of CCCC Real Estate Group & General Manager of CCCC Investment before joining Greentown in Mar-25. Executive President Mr. Jiang, joined CCCC in 2001, and most recently served as Deputy Party Secretary, ...

July 24, 2026 05:20 AM GMT Aluminum Corp. of China Ltd. | Asia Pacific Baotou Plant Visit and Management Meeting Key Takeaways The overproduction controls examine: Electricity consumption per tonne of aluminium produced; potline operating parameters and current efficiency; environmental compliance; the proportion and source of renewable power; and maintenance records and actual operating days. This retrospective traceability framework should make it more difficult for producers to conceal sustained producti ...

24 July 2026 | 3:33AM HKT Equity Research MiniMax Group (0100.HK) Takeaways from Founder/CEO meeting: Pursuing ultimate price-to-performance; reiterate Buy 0100.HK 12m Price Target: HK$860.00 Price: HK$199.30 Upside: 331.5% We attended an analyst meeting hosted by MiniMax Founder & CEO Dr. Yan Junjie and the management team at its Shanghai headquarters on July 23. Key topics discussed include the company's top focus in pursuing the best price-to-performance for each of its models, its relative early-mover i ...