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PRE-MARKET CHINESE STOCKS NEWS: Earnings from China Telecom and Chow Tai fook

StockNow breaking-news AI analysis

The brief covers mixed company performance, Prada’s results and qualified trading comments, a planned Zai Lab ADS sale, MOFCOM remarks, and Hong Kong September data.

News detail

China Telecom (728 HK) - Co. 9M (CNY) net fell 14.9% Y/Y to 26.2bln, rev. fell 3.8% Y/Y to 382bln. (Newswires) Chow Tai Fook Jewellery (1929 HK) - Co. expects H1 net to rise 90-100% Y/Y, driven by fair value gains from gold revaluation and improved sales in key markets. (Newswires) Luk Fook Holdings (590 HK) - Co. Q2 retail same-store sales rose 12% Y/Y. (Newswires) MiniMax (0100 HK) - Co. and DeepSeek reportedly received licences for overseas use, according to Chinese press. (Newswires) Ping An Healthcare and Technology (1833 HK) - Co. 9M (CNY) adj. net rose 19.5% Y/Y to 258.3mln, rev. fell 5.6% Y/Y to 3.51bln; Co. served more than 8,100 paying corporate clients at the end of the reporting period and launched a brain health programme for Alzheimer's disease, providing screening, treatment, rehabilitation, care and support, and payment services. (Newswires) Prada (1913 HK) - Co. 9M (EUR) rev. rose 15% Y/Y to 4.54bln (+11% at constant currency), Prada brand rev. 2.41bln (prev. 2.43bln Y/Y), Miu Miu rev. 1.16bln (prev. 1.18bln Y/Y), Versace rev. 322mln, Church's rev. 23.2mln; Co. said Versace integration is progressing on track, while heavier ready-to-wear sales have accelerated over the past 2-3 weeks following a seasonal delay in Q3, although October is not yet a definitive indicator of holiday demand. (Newswires) Xtep International (1368 HK) - Co. Q3 core Xtep brand retail sell-through, including offline and online channels, declined by mid-single digits Y/Y. (Newswires) Zai Lab (9688 HK) - Co. plans to sell 11.34mln ADSs at USD 22.04/ADS for gross proceeds of USD 249.9mln. (Newswires) Other News China's Commerce Ministry (MOFCOM) official Jiang Chenghua said China will improve its trade friction response mechanism, strengthen export controls and security reviews, and tighten regulations to counter sanctions. (Newswires) Data Recap Hong Kong Unemployment Rate (Sep) 3.9% vs. Exp. 3.8% (Prev. 3.8%) Hong Kong CPI Composite (Sep YY) 1.9% vs. Exp. 1.8% (Prev. 1.7%)

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