GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | NVIDIA Corporation (NVDA.US) rose nearly 4% in pre-market trading; Goldman Sachs Group, Inc. said its third-quarter results are expected to beat expectations.

On Wednesday, NVIDIA (NVDA.US) rose nearly 4% in pre-market trading and is currently at $174.88.

US Stock Market Move | Nasdaq futures surge 1.91%; most star tech stocks rise in premarket trading.

On Wednesday premarket, all three major U.S. stock index futures rose collectively, with Nasdaq futures up 1.91%, and most star tech stocks gaining.

As monotherapy for glucose lowering, it surpasses tirzepatide; in head-to-head combination therapy, it is superior to semaglutide. Brightgene Bio-Medical Technology Co., Ltd. (688166.SH) BGM0504 competes with global glucose-lowering benchmarks.

Two Phase III glucose-lowering studies of Brightgene Bio-Medical Technology Co., Ltd.'s (688166.SH) BGM0504 injection have reported results. In the monotherapy study at 32 weeks, the 10mg group's glycated hemoglobin dropped 2.6 percentage points from baseline, 93.4% of patients fell below 7%, and 51.8% reached the stringent target of below 5.7%, with both the reduction and the attainment rate higher than those of the dose groups listed for tirzepatide in SURPASS-CN-MONO. In the combination therapy study, the 10mg group was superior to semaglutide 1.0mg in a head-to-head comparison at week 32, achieving an additional 0.46 percentage point reduction, with the advantage maintained through week 52. Neither study reported any severe hypoglycemic events within 52 weeks.

CPBIO (03839) Announces First Three Quarters Results: Profit Attributable to Shareholders US$12.147 Million, Down 48.39% Year-on-Year

CPBIO (03839) Announces First Three Quarters Results: Profit Attributable to Shareholders US$12.147 Million, Down 48.39% Year-on-Year CPBIO (03839) released its results for the first three quarters ended 2026. The Group recorded revenue of US$332 million, down 22.98% year-on-year; profit attributable to shareholders was US$12.147 million, down 48.39% year-on-year.

Market cap jumps to HK$14.5 billion; has ChipSmart Semiconductor (07672), which surged over two days, already completed "Stock Connect inclusion"?

Can ChipSmart Semiconductor successfully enter Stock Connect through the Hang Seng Index annual review at the end of December, leveraging the hot market sentiment?

The Bank of Canada is about to get a new leader, and candidates for governor are emerging: BlackRock, Scotiabank economists and others are on the list.

BlackRock and Scotiabank economists are seen as candidates for Bank of Canada governor.

After strong earnings, AI investment fatigue and midterm election risks cloud next year's US stock earnings outlook

The third-quarter US earnings season is drawing to a close. Although overall results have been strong, analysts are broadly cutting their profit forecasts for the S&P 500 next year.

COSCO SHIPPING Energy Transportation (01138) enters into charter agreements for 16 very large crude carrier (VLCC) vessels.

COSCO SHIPPING Energy Transportation (01138) announced that on November 11, 2026, Huanyu Shipping (a wholly-owned subsidiary of the Company, as charterer) entered into charter agreements with Orient Rich (a connected person of the Company, as owner/lessor), pursuant to which Huanyu Shipping has agreed to charter 16 very large crude carrier (VLCC) vessels from Orient Rich for a lease term of 240 months 90 days, commencing from the delivery date of each vessel.

Autonomous driving solutions "hit the road," share price rebounds over 30%, is UISEE TECH (01511) poised for a value re-rating?

Airport orders are scaling up, combined with the adoption of its autonomous driving solution in joint-venture vehicle models, sending UISEE TECH's share price rebounding more than 30% from its lows.

EUR/GBP options turn bullish! French fiscal risk may already be overpriced; traders bet on further exchange rate rebound.

After the euro-pound exchange rate suffered a historic sharp decline, options traders are positioning for a further euro rebound, betting that the euro had already priced in excessive risk surrounding the French situation.

BAIGE DIGITAL (02672) Clarifies Unauthorized Activities, Has Reported to Public Security and Financial Regulatory Authorities in Xiamen and Shenzhen

BAIGE DIGITAL (02672) announced that the Company has recently become aware that certain entities associated with unlicensed financing platforms have, without the Company's authorization, used or displayed the Company's name, brand logo, and stock code (02672), and are alleged to have issued or displayed documents in the name of the Company or Mr. Tu Jinbo, the Company's executive director, chairman and chief executive officer, which may create a mistaken impression that such entities are affiliated with the Company (Unauthorized Activities).

AI trade pullback and Microsoft's canceled order deal a double blow: Nscale reportedly considering delaying its $35 billion US IPO.

According to reports, British data center developer Nscale is considering delaying its US$35 billion US listing plan until next year.

New Stock News | Kazakhstan Temir Zholy Passes HKEX Hearing, Accounting for 99.7% of the Country's Total Rail Freight Turnover

Kazakhstan Temir Zholy has passed the listing hearing for the Main Board of the Hong Kong Stock Exchange, with CICC as its sole sponsor. The company's 2025 revenue was approximately KZT2.757083 trillion, accounting for 99.7% of Kazakhstan's total rail freight turnover that year.

US mortgage rates fall for a fourth consecutive week, boosting homebuying demand.

US mortgage rates fell for a fourth consecutive week, driving purchase applications to their largest increase since mid-April and bringing a glimmer of vitality to a sluggish housing market.

Shenwan Hongyuan Group: Slowing organic demand for US equities in 2027; focus on downstream AI applications and low-beta defensive sectors

Currently, AI's impact on end-service prices is somewhat deflationary, but its aggregate effect is limited. If the Fed subsequently emphasizes its assessment of AI's long-term deflationary trend, this could bring forward the fermentation of easing expectations.

Shenwan Hongyuan Group's 2027 Hong Kong stock strategy: Liquidity environment expected to be better than this year, fundamentals and valuations poised for resonance recovery.

In 2026, Hong Kong stocks saw "value clearly outperform growth," mainly due to a double hit to both earnings and valuations in the technology sector.

The Hong Kong Monetary Authority injected HK$2.52 billion of liquidity into banks through the discount window.

On November 11, the Hong Kong Monetary Authority provided HK$2.52 billion in loans to banks through the discount window.

COCOON HOLDINGS (00428): Consolidated net asset value per share at the end of October was approximately HK$0.77

COCOON HOLDINGS (00428) announced that as of October 31, 2026, the unaudited consolidated net asset value per share of the company was approximately HK$0.77.

J.P. Morgan: AI electrical equipment stocks may rebound from oversold levels, but caution still warranted for the sector as a whole

J.P. Morgan believes AI stocks have rebound potential, but remains cautious on the electrical equipment sector as a whole.

LIVZON PHARMA (01513) intends to acquire approximately 0.13% of the shares in Xinbeijiang Pharmaceutical held by Zhonghuiyuan.

LIVZON PHARMA (01513) announced that on November 11, 2026, the Company entered into the Xinbeijiang Pharmaceutical Share Transfer Agreement with Zhonghuiyuan, pursuant to which the Company agreed to acquire approximately 0.13% of the shares in Xinbeijiang Pharmaceutical held by Zhonghuiyuan (corresponding to approximately RMB303,600 of the registered capital of Xinbeijiang Pharmaceutical) for a cash consideration of approximately RMB3.8525 million. Upon completion of the Xinbeijiang Pharmaceutical Share Acquisition, the Company's direct interest in Xinbeijiang Pharmaceutical will increase from approximately 90.64% to approximately 90.77%.

Can the AI stock rebound reverse the U.S. stock market's decline? The S&P 500's correction risk has not yet been lifted, and the 200-day moving average has become a key support level.

Technical analysis shows that the S&P 400 Index is currently approaching a key support zone, and if important technical levels are breached, further downside room may open up.

TYK MEDICINES-B (02410): The first batch of Kadasa (TY-9591) is expected to complete production on November 18.

TYK MEDICINES-B (02410) announced that, as announced by the Company on August 27, 2026, the Company's independently developed new drug Kadasa (TY-9591) has received conditional marketing approval from China's National Medical Products Administration for the first-line treatment of adult patients with locally advanced or metastatic non-small cell lung cancer (NSCLC) harboring epidermal growth factor receptor (EGFR) exon 19 deletion (19DEL) or exon 21 (L858R) substitution mutations and accompanied by central nervous system (CNS) metastases.

COSCO SHIPPING Development (02866) enters into shipbuilding contracts and leasing agreements for 16 VLCCs, with a total shipbuilding price of approximately RMB13.425 billion

COSCO SHIPPING Development (02866) announced that on November 11, 2026, the group (as buyer) and China State Shipbuilding Corporation (as seller) entered into the third 2026 CSSC shipbuilding contract for the construction of sixteen 307,000 DWT VLCCs, with a total contract price of approximately RMB13.425 billion (excluding taxes and fees).

A-Share Announcement Highlights | 20 VLCC Construction Contracts Totaling RMB17.218 Billion Undertaken by Dalian Shipbuilding of China CSSC (600150.SH)

China CSSC's subsidiary Dalian Shipbuilding has signed construction contracts for 20 VLCCs, totaling RMB17.218 billion.

ECI TECH (08013) Issues Positive Profit Alert, Expects Annual Net Profit After Tax to Increase by Approximately 200% Year-on-Year

ECI TECH (08013) announced that the Group expects to record a net profit after tax of not less than HK$8 million for the year ended August 31, 2026, representing an increase of approximately 200% compared with the net profit of approximately HK$2.6 million for the year ended August 31, 2025.

Is It Hard for the Fed to "Front-Run"? As Expectations for a 50-Basis-Point Rate Hike Heat Up, Societe Generale Says the K-Shaped Economy Limits Policy Space

The U.S. K-shaped economy collides with a single interest rate: Societe Generale says the Fed has lost room to "front-run," and a December rate hike can only address one side.

GRANDSHORES (01647) Issues Positive Profit Alert, Expecting Interim Profit of Approximately S$500,000 to S$1 Million

Grandshores Technology (01647) announced that the Group expects to record a profit for the period of approximately S$500,000 to S$1 million for the six months ended September 30, 2026, compared with a loss for the period of approximately S$1.6 million for the six months ended September 30, 2025.

Preview of US Stock Market | All three major stock index futures rise together; CoreWeave surges after earnings; chip stocks and optical communication stocks climb in premarket trading.

On Wednesday, November 11, in premarket trading, all three major U.S. stock index futures rose together.

AI accounts for a quarter of UK economic growth this year; a "disorderly decline" in valuations would bring macroeconomic risks.

AI accounted for a quarter of UK economic growth this year, analysis shows.

NVIDIA Corporation (NVDA.US) rebounds in pre-market trading! "Big Short" Burry sees a short-term trading opportunity but warns that it may be hard to escape a long-term decline in competitive advantage.

Burry believes there may be a short-term trading opportunity in NVIDIA, calling the U.S. chip giant "a great trade," but he also expects the company's competitive advantage to gradually diminish over the next five years.

RONSHINECHINA (03301) total contracted sales for the first 10 months amounted to approximately RMB2.08 billion, a year-on-year decrease of approximately 35.36%.

Ronshine China (03301) announced that in October 2026, the group achieved total contracted sales of approximately RMB200 million, a year-on-year decrease of approximately 7.4%; contracted gross floor area of approximately 19,400 sq.m., with an average contracted selling price of approximately RMB10,317 per sq.m.

MSCI's new rules face their first major test as Strategy (MSTR.US) may face removal from benchmark indexes.

Strategy (MSTR.US) faces index provider MSCI's November index review on Wednesday.

SUNSHINE OIL (02012) reported a net loss attributable to shareholders of approximately CAD 21 million in the third quarter.

SUNSHINE OIL (02012) announced that in the third quarter of 2026, the net loss and comprehensive loss attributable to owners of the Company was approximately CAD 21 million, compared with a net loss and comprehensive loss attributable to owners of the Company of approximately CAD 0.7 million in the third quarter of 2025.

CoreWeave (CRWV.US)'s strong results help drive a rebound in the neocloud sector! Whether Nebius (NBIS.US) can follow up with a high-growth report card becomes a key test.

CoreWeave's third-quarter results beat market expectations and its upward revision to full-year guidance drove the entire neocloud sector's stocks higher in Wednesday's U.S. premarket session.

Alphabet Inc. Class C (GOOGL.US) Said to Expand AI Financing Reach to Asia: Plans to Offer US$3 Billion in Bonds in Hong Kong and Singapore

According to sources, Alphabet plans to issue US$3 billion in bonds in Hong Kong and Singapore.

AMUSE GROUP (08545) Issues Profit Warning: Expects Interim Loss Attributable to Shareholders of Not More Than HK$1.7 Million, Turning from Profit to Loss Year-on-Year

AMUSE GROUP (08545) announced that the Group is expected to record a loss attributable to owners of the Company of not more than HK$1.7 million for the current period (the period ended September 30, 2026), compared with a profit of approximately HK$1.2 million for the period ended September 30, 2025 (the corresponding period last year).

TEXWINCA HOLD (00321) announces interim results: profit attributable to ordinary equity holders approximately HK$54 million, down 51.8% year-on-year.

Texwinco Group (00321) announced its interim results for the six months ended September 30, 2026. Revenue was HK$2.851 billion, up 5.1% year-on-year. Profit attributable to ordinary equity holders of the company was approximately HK$54 million, down 51.8% year-on-year. Basic earnings per share were HK3.9 cents, and the interim dividend was HK3.0 cents per ordinary share.

TEXWINCA HOLD (00321) will pay an interim dividend of HK$0.03 per share on January 6.

TEXWINCA HOLD (00321) announced that it will pay an interim dividend of HK$0.03 per share for the six months ended September 30, 2026, on January 6, 2027.

DLC ASIA (08210) Announces Interim Results: Loss Attributable to Shareholders HK$9.376 million, Up 0.13% Year-on-Year

DLC ASIA (08210) announced its results for the six months ended September 30, 2026. During the period, the Group recorded revenue of HK$9.973 million, down 41.2% year-on-year; loss attributable to owners of the Company was HK$9.376 million, up 0.13% year-on-year; basic loss per share was 1.17 HK cents.

China Securities Co., Ltd. (06066) will pay an interim dividend of RMB2.9 per 10 shares on January 15, 2027.

China Securities Co., Ltd. (06066) announced that it will pay an interim dividend of RMB2.9 per 10 shares on January 15, 2027.

WAI CHUN BIOTEC (00660) Issues Positive Profit Alert, Expects Annual Results to Turn Around Year-on-Year to Not Less Than HK$30 Million

WAI CHUN BIOTEC (00660) announced that the Group expects to record a profit of not less than HK$30 million for the year ended June 30, 2026, compared with a net loss of approximately HK$10.7 million in the same period of 2025. The expected turnaround from loss to profit for the year is mainly attributable to a one-off reversal of impairment loss on property, plant and equipment of approximately HK$52.1 million, resulting from significant improvement in the actual operating performance and prospects of the cash-generating unit for the production and sale of modified starch, which amount was partly offset by a reversal of deferred tax assets of approximately HK$15 million.

Northbound funds | Northbound trading recorded a net purchase of RMB4.572 billion. Pingtouge confirms its independent listing in Hong Kong. Northbound funds increased their position in Alibaba (09988) by over HK$1.2 billion.

On November 11 in the Hong Kong stock market, northbound trading recorded a net purchase of HK$4.572 billion. Among this, Stock Connect (Shanghai) recorded a net purchase of HK$2.378 billion, and Stock Connect (Shenzhen) recorded a net purchase of HK$2.195 billion.

JD INDUSTRIALS (07618) Signs Strategic Cooperation with Saudi Post Logistics to Strengthen B2B Collaboration and Support the Development of Saudi Arabia's Industrial Supply Chain

On November 8, JD Industrials (07618) and Saudi Post Logistics (SPL) officially signed a Strategic Cooperation Framework Agreement in Riyadh, Saudi Arabia.

Southbound funds recorded a net purchase of 4.572 billion yuan today. On the Stock Connect (Shanghai) side, Alibaba-W and SMIC received net purchases of HK$1.204 billion and HK$516 million, respectively; Tencent Holdings topped net sales with an amount of HK$350 million; on the Stock Connect (Shenzhen) side, Tracker Fund and Hang Seng China Enterprises received net purchases of HK$927 million and HK$532 million, respectively; Tencent Holdings topped net sales with an amount of HK$165 million.

STARPLUS LEGEND (06683) Builds Next-Generation Entertainment Tech Space as Pandabot Cafe's First Global Store Opens in Tsim Sha Tsui

On November 11, Pandabot Cafe's first global store, meticulously built by STARPLUS LEGEND (06683), officially opened in Tsim Sha Tsui, Hong Kong.

WKK INTL (HOLD)(00532): Taiwan Kong Kin's net profit after tax for the first three quarters was NT$149 million, a year-on-year decrease of approximately 1.41%

WKK INTL (HOLD)(00532) announced the results of Taiwan Kong Kin Co., Ltd. for the nine months ended September 30, 2026, with operating revenue of NT$1.22 billion; net profit after tax of NT$149 million, a year-on-year decrease of approximately 1.41%.

Hong Kong Transport and Logistics Bureau: Accelerate the intelligent upgrading of Kwai Tsing Container Terminals and drive Hong Kong's transition from a "large tonnage port" to a "value port"

On November 11, Liao Zhenxin, Acting Secretary for Transport and Logistics of the Hong Kong SAR Government, provided a written reply at a Legislative Council meeting on issues including the digitalization, intelligent upgrading, and green transformation of the shipping industry.

Signs of de-escalation in the U.S.-Iran conflict: Can the 2026 sovereign debt storm be calmed?

The 2026 sovereign bond storm may be dissipating.

PACIFICTEXTILES (01382) expects interim profit attributable to shareholders of approximately HK$1 million to HK$10 million.

PACIFICTEXTILES (01382) announced that the Group expects the profit attributable to equity holders of the Company for the six months ended September 30, 2026 (the Reporting Period) to be approximately between HK$1 million and HK$10 million, compared with the profit attributable to equity holders of the Company of approximately HK$79.3 million for the six months ended September 30, 2025 (the corresponding period of last year). The decline during the Reporting Period was attributable to a number of factors, principally due to:

Trillion-dollar IPO financing landscape targets the globe! Anthropic (ANT.US) plans to raise up to US$3.5 billion in Japan.

Anthropic (ANT.US) plans to raise US$3 billion to US$3.5 billion from Japanese investors in its initial public offering (IPO).

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Musk: To absorb more Cybertruck backlog orders, production will be extended to late summer 2027.

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Google (GOOG.O): Will integrate Gemini Live functionality into Apple (AAPL.O) CarPlay globally.

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Zaporizhzhia Nuclear Power Plant reports: an employee was killed in a Ukrainian attack at home.

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Driven by US October inflation coming in above expectations for a third consecutive month and hawkish remarks from Federal Reserve officials, the dollar strengthened broadly against major currencies on Wednesday. The dollar index rose 0.63% to 102.85, the highest since April 2025; the dollar gained 0.69% against the yen to 159.83, a more than two-month high and approaching the 160 mark; the euro fell 0.61% against the dollar to $1.11, the lowest since May 2025. The dollar rose 0.86% against the Swiss franc, the highest since mid-October. Goldman Sachs has revised its forecast to expect the Fed to raise rates in December and March next year, while Deutsche Bank expects consecutive hikes in December, January next year and March. Analysts noted that rising rate expectations have widened the dollar's interest-rate advantage, and combined with safe-haven demand stemming from the US-Israel war against Iran, this continues to provide support for the dollar.

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