PRE-MARKET CHINESE STOCKS NEWS: Numerous earnings updates, while China vowed to defend its interests after the US announced sanctions targeting Iran and its trading partners
Jack Ma acquired over HKD 600mln in Alibaba shares amid AI expansion, while Chinese firms posted mixed H1 earnings and China pledged response to US sanctions.
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Alibaba Group (9988 HK) - Founder Jack Ma reportedly bought more than HKD 600mln of the Co.’s Hong Kong-listed shares over two consecutive days, signalling confidence in its long-term AI prospects. (SCMP) China Everbright (165 HK) - Co. expects an H1 (HKD) net loss of 2.06bln (prev. profit 650mln Y/Y), compared with prior guidance for net to fall 70-80% Y/Y, reflecting accounting adjustments and financial exposure related to Ying Li International Real Estate. (Newswires) China Jinmao Holdings (817 HK) - Co. H1 (CNY) net fell to 879mln (prev. 1.09bln Y/Y), rev. fell to 21.4bln (prev. 25.1bln Y/Y). (Newswires) China Modern Dairy Holdings (1117 HK) - Co. H1 (CNY) net rose to 15.3mln (prev. loss 913.5mln Y/Y), rev. fell to 6.59bln (prev. 6.70bln Y/Y). (Newswires) China State Construction International Holdings (3311 HK) - Co. H1 (CNY) net fell to 4.33bln (prev. 5.26bln Y/Y), rev. fell to 43.9bln (prev. 56.6bln Y/Y). (Newswires) China Taiping Insurance Holdings (966 HK) - Co. H1 (HKD) net rose to 12.9bln (prev. 6.76bln Y/Y), insurance rev. rose to 58.9bln (prev. 56.0bln Y/Y). (Newswires) China Ting Group Holdings (3398 HK) - Co. expects an H1 (HKD) net loss of up to 128mln (prev. loss 64.4mln Y/Y). (Newswires) FWD Group Holdings (1828 HK) - Co. H1 (USD) net rose to 172mln (prev. 10mln Y/Y), operating profit after tax rose to 296mln (prev. 245mln Y/Y), insurance rev. rose to 1.58bln (prev. 1.48bln Y/Y). (Newswires) Great Wall Motor (2333 HK) - Co. H1 (CNY) adjusted net fell to 2.47bln (prev. 6.34bln Y/Y), rev. rose to 102bln (prev. 92.3bln Y/Y). (Newswires) Greenland Hong Kong Holdings (337 HK) - Co. expects an H1 (CNY) net loss of 1.4-1.6bln (prev. loss 540mln Y/Y). (Newswires) Greentown China Holdings (3900 HK) - Co. H1 (CNY) net fell to 81.7mln (prev. 210mln Y/Y), rev. 39.8bln (exp. 54.7bln). (Newswires) Jiangxi Copper (358 HK) - Co. H1 (CNY) net rose to 8.90bln (prev. 4.45bln Y/Y), rev. rose to 305.85bln (prev. 256.03bln Y/Y). (Dow Jones Newsplus) Kunlun Energy (135 HK) - Co. H1 (CNY) net rose to 3.31bln (prev. 3.16bln Y/Y), rev. rose to 100bln (prev. 97.5bln Y/Y). (Newswires) Minth Group (425 HK) - Co. H1 (CNY) net rose to 1.43bln (prev. 1.28bln Y/Y), rev. rose to 13.4bln (prev. 12.3bln Y/Y). (Newswires) Shenzhou International Group Holdings (2313 HK) - Co. H1 (CNY) net fell to 1.91bln (prev. 3.18bln Y/Y; exp. 1.90bln), rev. fell to 14.2bln (prev. 15.0bln Y/Y; exp. 14.6bln), expects operations to commence in phases from Q4 2027. (Newswires) Times China Holdings (1233 HK) - Co. expects H1 (CNY) net of 3.5-3.8bln (prev. 3.44bln Y/Y). (Newswires) Pharmaceuticals - China rushes to develop Moderna-style cancer vaccines amid market frenzy. (SCMP) Other News China vowed to defend its interests after the US announced sanctions targeting Iran and its trading partners, calling them “illegal unilateral sanctions” and pledging to take “all necessary measures” to safeguard its interests. (Newswires) Data Recap Hong Kong Trade Balance (HKD) (Jul) -4.9bln (Prev. -52.0bln) Hong Kong Exports YY (Jul) 50.7% (Prev. 53.4%) Hong Kong Imports YY (Jul) 41.0% (Prev. 45.4%)
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