BPTENCT@EC2611D.C (28707) News

At a Glance | Tencent to Report Q2 Earnings on Wednesday! Expected to Show 'Stable Revenue, Pressured Profits' as AI Investment Becomes Key Battleground

Tencent’s second-quarter results are highly likely to reflect a pattern of 'steady revenue but profit under pressure.' For investors, the key focus of this earnings report is not merely the net profit figure, but rather an assessment of whether AI investments represent pure expense consumption or have already generated tangible incremental returns for advertising, cloud, and enterprise services. If the business benefits enabled by AI continue to materialize, the short-term sacrifice in profitability will translate into medium- to long-term value; otherwise, the market will reassess its valuation framework.

Futu NewsAug 10 15:01

Industrial Securities: Who Is Buying Hong Kong Stocks?

Among the four categories of capital flows, southbound capital has been the primary driver increasing positions in Hong Kong-listed equities since July, while foreign capital began returning significantly from mid-July.

Zhitong FinanceAug 10 21:07

Zhitong Stock Connect Active Trading | August 10

Stock Connect Active Trading | August 10, 2026

Zhitong FinanceAug 10 19:00

Goldman Sachs previews Chinese internet giants' second-quarter earnings: Focus on cloud growth and AI-related capital expenditures; sector outlook remains constructive

Following their second-quarter earnings, shares of major U.S. cloud service providers reacted positively. After recent adjustments in Chinese internet stocks, the sector’s outlook is constructive, with sub-sector preferences ranked as follows: cloud and data centers (GDS Holdings, 21Vianet, Alibaba, Kingsoft Cloud), gaming and entertainment, e-commerce and mobility, and artificial intelligence models.

Zhitong FinanceAug 10 17:09

Express News | Chinese-developed large AI models maintain their position as the global leader in weekly token usage; the underlying index of E Fund’s Hang Seng Stock Connect Internet ETF (513040) rose nearly 2%.

BreakingsAug 10 18:28

Southbound Capital Flows | Southbound capital recorded net purchases of HK$2.021 billion; commercialization of large models reaches an inflection point, with southbound funds adding over HK$1 billion to MINIMAX (00100)

On August 10, southbound capital recorded a net purchase of HK$2.021 billion in the Hong Kong stock market. Specifically, Shanghai-Hong Kong Stock Connect saw a net purchase of HK$2.796 billion, while Shenzhen-Hong Kong Stock Connect recorded a net sale of HK$776 million.

Zhitong FinanceAug 10 17:48

AI's 'Windows moment': Hong Kong-listed internet stocks may present a strategic allocation window

Western Securities believes that AI is currently at a critical juncture, transitioning from a 'command-line interface (CLI)' to a 'graphical user interface (GUI).' Due to persistently high hardware costs and insufficient workflow integration, total factor productivity has not yet seen widespread improvement, but China is poised to achieve a breakthrough by leveraging its engineering talent dividend.

wallstreetcnAug 10 16:44

Moonshot AI is seeking Beijing’s approval for an IPO but is currently constrained by regulatory issues, with the listing unlikely to occur before next year at the earliest.

The UK’s Financial Times reported last weekend that mainland AI startup Moonshot has restructured its corporate framework and brought in several prominent state-backed investors in an effort to secure Beijing’s approval for a Hong Kong listing. According to the report, the timeline for Moonshot’s IPO remains unclear, though two informed sources indicated it is unlikely to occur before next year. Another source noted that the offering could proceed more quickly if regulatory issues are resolved. Corporate disclosure documents show that Moonshot recently reorganized its onshore entity from a limited liability company into a joint-stock company—a necessary first step toward going public. Earlier this year, regulators

AASTOCKSAug 10 16:18

Express News | National Development and Reform Commission, National Energy Administration: Deepen Implementation of the "Artificial Intelligence Plus" Initiative and Strengthen Data Aggregation for Artificial Intelligence in the Coal Sector

BreakingsAug 10 16:10

《Major Brokerage》Goldman Sachs: Outlook on Chinese Internet Giants’ Q2 Earnings—Focus on Cloud Growth and AI-Related Capital Expenditure; Raises Meituan (03690.HK) Target Price

Goldman Sachs released a report on China’s internet sector, outlining its outlook for major internet companies ahead of their upcoming second-quarter earnings announcements. Key themes expected to feature prominently include cloud growth as a bright spot, upward revisions to full-year capital expenditure guidance, an inflection point in profitability for transaction platforms, and increased market focus on sum-of-the-parts valuation methodologies. The firm raised its target price for Meituan (03690.HK) from HK$116 to HK$123, maintaining a 'Buy' rating. Goldman Sachs expects Tencent (00700.HK) to report earnings on August 12, forecasting second-quarter revenue growth of 9% year-over-year and adjusted EBITDA rising 9% year-over-year to RMB 75.2 billion. Key areas of focus include artificial intelligence-related capital

AASTOCKSAug 10 12:20

The Hang Seng Index still lacks the momentum to break above its consolidation range, with Tencent's earnings performance set to influence market direction.

The Hang Seng Index (HSI) rose by more than 3,000 points in July, following a cumulative decline of approximately 2,300 points in June. Not only did it fully recover the prior losses, but it also posted a net gain of over 700 points. It is worth noting that the drop in May was less than 600 points; thus, the July rally effectively reversed the combined losses from both May and June, resulting in a net gain of over 100 points. This underscores the extraordinary nature of the July rebound, making the HSI’s volatile performance during the first week of August understandable. Although declines were recorded on only two trading days last week, the index still ended the week with a net loss of nearly 220 points. Fortunately, it never closed below the 25,500 level during this period, confirming that the upward trend initiated in early July remains intact. As noted in the latter part of the market commentary published on August 3, titled “8

HK MoneyClubAug 10 12:10

Hong Kong Market Midday Review | All three major indices rose, with the Hang Seng Index up 0.72%; tech and internet stocks broadly advanced, Alibaba gaining over 2%; biotech stocks climbed, with Wuxi Apptec rising nearly 3% to hit a new intraday high; Guo

Tech and internet stocks rose, with Alibaba-W up 2.10% and JD.com-SW up 1.80%; coal stocks advanced, with Jinma Energy surging 20.83% and Power Development rising 8.95%; Hong Kong retail stocks gained, with Bonjour Holdings down 8.00% and Chow Sang Sang up 6.69%;

Futu NewsAug 10 12:10

Express News | Golden Midday Report | Key Developments from August 10 (7:00–12:00)

BreakingsAug 10 12:01

Express News | Chinese AI large models lead global usage for the fifteenth consecutive week, with DeepSeek-V4-Flash official release topping the rankings

BreakingsAug 10 10:29

Hong Kong Market Morning Commentary: All three major indices opened higher, technology and internet stocks broadly rose, and Guotai Junan International surged 37% upon resuming trading.

Gelonghui, August 10 | The S&P 500 index hit a new all-time high last Friday, while Japanese and South Korean equities rose in early trading. All three major Hong Kong stock indexes opened higher collectively, with the Hang Seng Index up 0.53%, the Hang Seng China Enterprises Index down 0.61%, and the Hang Seng Tech Index down 0.85%. Major internet and technology stocks rallied across the board, with JD.com up 1.4%, Alibaba up 1.3%, and Baidu, Xiaomi, and Tencent all posting gains. Guotai Junan International, which received a privatization offer from Guotai Haitong at a premium of approximately 44.2%, surged 37% on its resumption of trading, leading a broad rally in Chinese brokerage stocks. Biopharmaceuticals, robotics concept stocks, AI application-related stocks, and optical communication concept stocks also rose. Meanwhile, tea beverage stocks declined, and the Shanghai...

Gelonghui FinanceAug 10 09:25

WisdomTong Northbound Stock Holdings Analysis | August 10

Stock Connect Holdings Analysis | August 7, 2026

Zhitong FinanceAug 10 08:30

Wall Street on 'China Concepts': From 'Powerless' to 'Opportunistically Bullish'

As computing power costs rise and intense price competition intensifies, the economic viability of standalone model-layer offerings is diminishing. The market is gradually converging on a consensus: the technical barrier to catching up in large models is not particularly high, and the ultimate commercial winners will emerge in multi-model ecosystems, AI agent applications, and on-device AI.

wallstreetcnAug 10 07:36

Hong Kong Stock Market Weekly Preview | Tencent and Other Sector Leaders to Release Earnings; Key Domestic and International Macro Data Scheduled for Release

① What are the key takeaways from earnings reports by industry leaders such as Tencent? ② Macro data will be released both domestically and internationally—what should investors watch?

cls.cnAug 10 07:11

Earnings season for tech companies is here! Optical communications and domestic semiconductor giants take the stage one after another.

Gelonghui, August 9 — A series of major earnings reports are set to be released next week, with U.S. optical communications giants Lumentum and Coherent scheduled to announce their results. Lumentum will report its fiscal fourth quarter (full-year) earnings for fiscal year 2026 after the U.S. market close on Tuesday, August 11 (local time). Coherent will release its fiscal fourth quarter (full-year) earnings for fiscal year 2026 after the U.S. market close on Wednesday, August 12 (local time). Tencent will announce its second-quarter results on Wednesday, August 12, and JD.com will disclose its interim results on Thursday, August 13, which may influence investor sentiment toward tech

Gelonghui FinanceAug 9 16:41

Coolita Lance La Première Alliance Des Médias FAST D'Indonésie En Collaboration Avec Les Principaux Diffuseurs

PR NewswireAug 7 22:37