GMT EIGHT - OPPORTUNITIES IN CHINA

Hua Chuwang: On August 18, a bidding transaction will be held for the rotation of central reserve frozen pork out of storage.

On August 14, China Storage Network announced that a bidding transaction for the central reserve frozen pork rotation will take place on August 18, 2026.

Big short investor Steve Eisman: Anthropic and OpenAI are the Achilles' heel of AI trading.

The market is eagerly anticipating the IPO moments of OpenAI and Anthropic, but in the eyes of well-known short-seller Steve Eisman, these two AI giants are precisely the weakest link in the entire AI trading chain.

The Japanese yen is once again approaching the 160 mark. A former Japanese foreign exchange diplomat has warned that the US and Japan could "jointly" intervene at any time, and the Bank of Japan may accelerate its pace of interest rate hikes.

A former senior foreign exchange diplomat from Japan stated that Japan may intensify its yen intervention efforts, and the Bank of Japan is accelerating the pace of interest rate hikes.

Supply depth, convenient payment, and fast fulfillment: JD HEALTH (06618) has achieved rapid growth in its instant retail business.

JD Health continues to promote the layout of instant retail across all channels, with over 450 self-operated JD Pharmacy stores nationwide, covering more than 10 cities across the country.

KINGDEE INT'L (00268): Subscription revenue grew by 20.4% in the first half of 2026, as AI-native products accelerate commercialization.

From the numbers, Kingdee is experiencing two things simultaneously: on the one hand, the subscription business left over from the past decade of cloud transformation continues to grow and begins to consistently release operational leverage; on the other hand, the AI-native business is growing at a pace far exceeding that of traditional SaaS and is beginning to make a real contribution to revenue.

JD HEALTH (06618) Mid-term Results for 2026: Offline Services Accelerate Upgrades, Building a "Store + Home" Health Service Closed Loop.

On August 13, 2026, JD Health Co., Ltd. (06618) announced its interim results for 2026.

With the mid-term report approaching, the stock price has once dropped below net assets. Will the buyback be a good remedy for boosting confidence in Beijing Chunlizhengda Medical Instruments (01858)?

Since the stock price of Chunli Medical (01858) hit a temporary high of HKD 20.42 on November 3rd last year, its stock has entered a mode of continuous decline. Especially since 2026, Chunli Medical has exhibited a remarkable performance in the Hong Kong stock market with the pattern of "good performance but no rewards, poor performance but penalties."

The appreciation of the yen has become an "invisible killer" for the Japanese stock market: export enterprises' profits exceed expectations but stock prices remain sluggish, and the benefits from foreign exchange are receding.

The outlook for the yen is unclear, raising the threshold for Japanese companies to exceed profit expectations.

National Bureau of Statistics: The price of live pigs (External Three Yuan) in early August was 10.4 yuan/kg, unchanged from the previous period.

In early August 2026, compared to late July, the prices of 12 products increased, 31 decreased, and 7 remained the same. The price of live pigs () was 10.4 yuan/kg, unchanged month-on-month.

A-share Opening Express | Three Major Indices Open Higher Collectively, Semiconductor Storage Strengthens

On August 14, the Shanghai Composite Index opened up 0.08% at 3930.02 points, the Shenzhen Component Index opened up 0.32% at 14335.41 points, the ChiNext Index opened up 0.67% at 3610.19 points, and the Sci-Tech Innovation 50 Index opened up 1.23% at 1738.82 points.

Goldman Sachs' Kaplan: The Federal Reserve's "stay put" decision in July was completely correct, and it may continue to "pass the buck" and remain flexible before September.

Robert Kaplan, Vice President of Goldman Sachs, stated that the Federal Reserve's decision not to raise interest rates in July was "absolutely" the right call, and urged policymakers to keep an open mind ahead of the September meeting.

National Bureau of Statistics: In early August, the price of liquefied petroleum gas was 5790.9 yuan/ton, a month-on-month decrease of 3.5%.

According to the National Bureau of Statistics, in the early August, the market prices of important production materials in circulation were as follows: liquefied petroleum gas was 5,790.9 yuan/ton, a decrease of 3.5% compared to the previous month; rebar was 3,062.7 yuan/ton, a decrease of 1.9%; electrolytic copper was 107,498.3 yuan/ton, an increase of 1.7%; liquefied natural gas was 5,539.5 yuan/ton, an increase of 0.3%; live pigs were 10.4 yuan/kg, remaining stable; and compound fertilizers were 3,640.0 yuan/ton, remaining stable.

The three major stock indices opened higher, with the Shanghai Composite rising 0.08%, the Shenzhen Component up 0.32%, and the ChiNext increasing by 0.67%.

Commodity futures open.

Palladium fell for four consecutive days by 4.10%, silver fell for four consecutive days by 2.15%, platinum fell for four consecutive days by 1.94%, coking coal rose for four consecutive days by 1.81%, and the shipping index for European futures fell for four consecutive days by 1.70%.

ACESO LIFE SCI (00474) will resume trading on August 14.

Xinming Life Technology (00474) announced that trading of its shares will resume on August 14, 2026, at 9:00 AM.

Reddit will be included in the S&P 500 index.

On August 13 local time, Reddit announced that the company will officially be included in the S&P 500 index before the market opens on August 18.

From Tools to Productivity: YOUZAN (06051) Accelerates Full-Chain AI Commercialization and Shifts Growth Cycles

Youzan's triple leap of "strategy - product - business" and its long-term value anchor.

CITIC SEC: The Hang Seng Tech Index is expected to undergo significant revisions, with changes to constituent stocks set to take effect as early as the index adjustment date in December.

The Hang Seng Tech Index is expected to undergo the largest revision of its calculation scheme since its launch in 2020: on one hand, it will optimize the coverage of technology themes; on the other hand, it will introduce a dual selection mechanism based on "market capitalization group" and "revenue growth group," increasing the number of constituent stocks from 30 to 50.

Brokerage Morning Meeting Highlights | The overall performance of the AI industry chain may balance from the foundational layer to the model layer and application layer.

CICC stated that the overall performance of the AI industry chain may shift from the foundational layer towards a more balanced model layer and application layer.

The Korea Composite Stock Price Index has risen for the fifth consecutive trading day, following the upward trend of the U.S. stock market.

Driven by the rise in U.S. chip stocks, South Korea's Composite Stock Price Index surged 2.9% at one point, briefly surpassing the 7,000-point mark. SK Hynix's stock rose over 6%, propelling the index higher, with Samsung Electronics and SK Square also following with gains. Foreign funds purchased KOSPI stocks during morning trading, while local funds sold. The benchmark index has increased over 11% this week. The Korea Startup Market small-cap index rose by as much as 2%.

The reason behind the continuous rise of the U.S. stock market: The S&P 500 profit margin has reached a historic high of 16.9%. It's not just driven by "the giants dancing alone"; the profit margins in 80% of industries are also on the rise.

The profit retention ratio of S&P 500 constituent companies per $1 of sales has reached a historic high, adding another favorable factor to the upward trend in the U.S. stock market.

A-share pre-market report | Semiconductor Manufacturing International Corporation and other chip giants report good news; the U.S. will impose tariffs on imported drones and parts.

On the evening of August 13, chip giants including SMIC, Haiguang Information, and Hua Hong Semiconductor all announced their earnings on the same day, significantly exceeding expectations.

Mitsuhiro Kozawa, former financial officer of the Japanese Ministry of Finance: The Bank of Japan may raise interest rates in September, followed by another increase in December or January next year.

Mitsuhiro Kozawa, the former executive of Japan's Ministry of Finance, stated that Japan may take more measures to intervene in the yen, and the pace of interest rate hikes by the Bank of Japan may accelerate. Coordinated interventions between Japan and the United States could occur again at any time. If the yen returns to the level seen before the joint intervention by Japan and the U.S. at the end of July, Japan and the U.S. may intervene once more. The Bank of Japan may raise interest rates in September and then again in December or January of next year. Ultimately, the Bank of Japan may aim to increase the interest rate to around 1.5% to 1.75%.

The Korea Composite Stock Price Index opened up 2.7% at 6,995.67 points.

The Nikkei 225 index opened at 68,811.17 points this morning, up 0.74%.

Tariffs of up to 100%! The White House imposes tariffs on imported drones and their components, causing drone-related stocks to rise.

U.S. President Trump announced on Thursday that the United States will impose tariffs on imported drones and their components, most of which will take effect in 21 days.

BlackRock: Intervention Won't Save the Yen, Japan's Central Bank Must Reveal Hawkish Cards

To support the yen exchange rate, government intervention alone is far from sufficient; the Bank of Japan must release clear hawkish policy signals.

The market appetite has hit the ceiling! Applied Materials (AMAT.US) is also unable to escape the "sell the facts" curse: strong demand for AI equipment, with Q3 financial results exceeding expectations across the board.

Applied Materials had strong performance, but the stock price fell due to market expectations being too high.

CICC: "Monetary and Fiscal Coordination" under the Walsh Reforms

Wosh is promoting the reform of the monetary policy framework through five working groups, attempting to coordinate fiscal policy and bank-directed liquidity injections within the new framework. Through the "monetary-fiscal synergy" that Wosh has repeatedly emphasized, it aims to facilitate the shift from virtual to real.

OpenAI's annual revenue is expected to surpass $40 billion, roughly doubling compared to the end of 2025.

Insiders say that based on current performance, OpenAI's annual revenue is expected to exceed $40 billion, roughly doubling from the level anticipated at the end of 2025, which supports the company's plans for a Wall Street IPO. Sources familiar with the matter, who preferred to remain anonymous due to the sensitive nature of the information, revealed that OpenAI's revenue has accelerated in recent months, partly due to the expansion of its AI programming software business. The subscription business and the still nascent advertising sector have also contributed to growth, while the core consumer business continues to expand.

China Mobile Limited (00941) will distribute an interim dividend of HK$2.9003 per share on September 30.

China Mobile (00941) announced that it will distribute an interim dividend of HKD 2.9003 per share on September 30, 2026.

Hong Kong Stock Concept Tracking | Global shipping giant Maersk raises performance outlook as the container shipping market experiences a phase of supply-demand rebalancing (with related stocks)

Based on the actual performance in the second quarter and a higher "visibility" of the operating conditions for the remainder of the year, Maersk announced an upward revision of its full-year earnings guidance and expects global container shipping market volume to increase by approximately 4% for the full year of 2026.

CHINAGOLDINTL (02099) has approved the advancement of the Jiama Mine development plan, and the "large-scale open-pit mining" scheme aims to achieve an average daily processing capacity of approximately 160,000 tons.

China Gold International (02099) announced that the company's management has approved the proposal submitted by its wholly-owned subsidiary, Tibet Huatai Long Mining Development Co., Ltd. (Huatai Long), to advance the next phase of the development plan for the Jima Copper-Polymetallic Mine (Jima Mine) located in the Tibet Autonomous Region of China.

OpenAI's annual revenue has exceeded $40 billion! It has gained strong growth momentum just before a potential IPO.

According to informed sources, OpenAI's current annualized revenue has exceeded $40 billion, roughly doubling since the end of 2025. This performance further boosts the company's confidence as it prepares for an IPO.

CHINAGOLDINTL (02099) announced its interim results, reporting an attributable profit of approximately 507 million USD, representing a year-on-year increase of 153.31%.

China Gold International (02099) announced its mid-year results for 2026, with sales revenue of approximately $914 million, an increase of 57.52% year-on-year. The operating profit from mining was approximately $620 million, a year-on-year increase of 123.83%; profit attributable to owners of the company was about $507 million, a year-on-year increase of 153.31%; earnings per share were 127.99 US cents. The total gold production decreased by 18% to 72,300 ounces from 88,200 ounces in the same period of 2025. Total copper production was 78.6 million pounds (approximately 35,671 tons), a slight increase from 77 million pounds (approximately 34,924 tons) in the same period of 2025.

Agora, Inc. Sponsored ADR Class A (API.US) has achieved GAAP profitability for seven consecutive quarters, with Q2 revenue increasing by 18% to $40.4 million.

The conversational AI and real-time interactive technology company Agora (API.US) announced its unaudited financial performance for the second quarter ended June 30, 2026, on Thursday. This marks the company's seventh consecutive quarter of GAAP profitability.

FIRST PACIFIC (00142): MPIC's net profit attributable to equity holders for the first half of the year is approximately 16.2 billion pesos, a decrease of 5% year-on-year.

First Pacific (00142) announced MPIC's performance for the first half of 2026, reporting a net profit attributable to equity holders of 16.2 billion pesos, a 5% decrease from 17.0 billion pesos in the first half of 2025, primarily due to the gains from the sale of Philippine Coastal Storage & Pipeline Corporation in 2025. Excluding non-recurring income and expenses, MPIC achieved a core net profit of 16.0 billion pesos in the first half of 2026, an increase of 6% compared to 15.0 billion pesos in the same period last year.

New stock news | Hunan Junxin Environmental Protection (301109.SZ) has submitted its application to the Hong Kong Stock Exchange for the third time. The Changsha Environmental Protection Industrial Park is one of the largest comprehensive environmental protection parks in China among its peers.

According to the prospectus, Junxin Co., Ltd. is a company that provides comprehensive waste treatment and resource utilization solutions.

Guotai Haitong: US inflation continues to be mild, concerns about interest rate hikes temporarily eased.

If the inflation data in August does not exceed expectations and the employment situation in the United States continues to show low job growth, the Federal Reserve may further extend its wait-and-see stance, making it possible to maintain interest rates in September.

China Aluminum International Engineering Corporation (02068) announced its mid-year results, with a net profit attributable to shareholders of approximately 107 million yuan, an increase of 4.38% year-on-year.

Chalco International (02068) announced its interim results for 2026, with operating revenue of approximately 904.8 million, a year-on-year decrease of 6.71%; net profit attributable to shareholders of the listed company was about 107 million, a year-on-year increase of 4.38%; basic earnings per share were 0.02 yuan. The net cash inflow from operating activities was 288 million, with the expense ratio optimized by 1.87 percentage points year-on-year.

New Stock News | Hunan Junxin Environmental Protection (301109.SZ) has submitted its application to the Hong Kong Stock Exchange for the third time.

According to the prospectus, Junxin Co., Ltd. is a company that provides comprehensive waste treatment and resource utilization solutions.

FUTURE MACH LTD (01401) subsidiary plans to invest an additional 20 million yuan in Zhichen Semiconductor to enhance its layout in the semiconductor and artificial intelligence fields.

Future Machines Limited (01401) announced that on August 12, 2026, its indirectly wholly-owned subsidiary, Shenzhen Interstellar Quantum, along with other new investors, entered into a fourth round angel investment agreement with the shareholders of the target company. According to the investment agreement, Shenzhen Interstellar Quantum will subscribe to approximately RMB 50,100 of the newly registered capital of the target company, Zhi Chen Semiconductor (Shenzhen) Co., Ltd., at a subscription price of RMB 20 million, as part of the total newly registered capital of approximately RMB 633,430 to be issued under the investment agreement. Upon the completion of the investment, the registered capital of the target company will be approximately RMB 5,140,100, and the company will indirectly hold approximately 0.9742% of the equity of the target company through Shenzhen Interstellar Quantum.

Employment and inflation cooling alleviate pressure on the Federal Reserve to raise interest rates; U.S. mortgage rates have declined for the first time in six weeks.

The latest employment and inflation data indicates that the U.S. labor market is cooling, while the impact of the Iran war on July's inflation may be lower than previously feared, leading to a decline in market expectations for recent interest rate hikes by the Federal Reserve.

Overnight US stocks | The probability of a rate hike by the Federal Reserve in September has dropped to below 40%, the S&P 500 Index has reached a new all-time high, and SanDisk (SNDK.US) has surged over 13%.

As of the market close, the Dow Jones Industrial Average rose 69.72 points, an increase of 0.13%, closing at 53,839.99 points; the Nasdaq Composite increased by 214.54 points, up 0.81%, to 26,803.03 points; the S&P 500 index gained 50.49 points, a rise of 0.65%, finishing at 7,798.99 points.

Chime (CHYM.US) explores introducing stablecoins into its digital banking platform, as traditional finance accelerates its layout for daily payment scenarios.

The American fintech company Chime Financial is exploring the integration of stablecoin features into its consumer-facing digital banking platform.

The surge in AI computing power demand has driven capital investment. AMD (AMD.US) has completed its largest dollar bond issuance in history, raising $4.75 billion.

Advanced Micro Devices Inc. has completed the largest U.S. dollar bond issuance in its history, raising a total of $4.75 billion.

The White House announced the imposition of tariffs on imported drones and parts.

On the 13th, the White House announced that President Trump signed a memorandum that imposes a tariff of 10% to 100% on imported drones and their components, citing national security threats as the reason.

Reddit surged over 9% in after-hours trading, as the company will be included in the S&P 500 index.

U.S. stocks closed: Major indexes all finished higher.

The Dow rose 0.13%, the S&P 500 index increased by 0.65%, and the Nasdaq climbed 0.82%. Workday surged 17.78%, SanDisk jumped 13.67%, GoDaddy rose 9.41%, Costa gained 8.36%, and The Trade Desk went up by 7.93%. As for the "Seven Sisters": Tesla rose 3.80%, Meta Platforms increased by 2.74%, Apple was up 1.01%, Microsoft gained 0.90%, NVIDIA rose 0.56%, Google increased by 0.44%, and Amazon fell 0.80%.

US Stock Market Move | Sandisk (SNDK.US) saw its stock rise by 14%, with a goal to achieve mid-to-high double-digit revenue growth in the fiscal years 2028 to 2030.

On Thursday, SanDisk (SNDK.US) saw its gains widen to 14%, driving the storage sector to continue rising.

Latest

1 m ago

JPMorgan: Downgraded Honeywell's target price from $262 to $255.

2 m ago

CICC: Maintains the Outperform rating for Yue Yuen Industrial Holdings Limited (00551) and lowers the target price to HKD 15.64.

2 m ago

CICC: Maintains an Outperform rating for JD Logistics (02618.HK) with a target price of HKD 19.40.

3 m ago

Hong Kong Stock Movement | CITIC International Telecom (01883.HK) fell over 6%, with a slight year-on-year increase of 0.4% in net profit for the first half of the year, and plans to declare an interim dividend of 5 HK cents.

4 m ago

Protecting Beautiful China: The Ecological and Environmental Code will be implemented starting August 15.

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