JPM Predicts Baidu's Kunlunxin Spin-off and Separate Listing Will Be Major Catalyst This Year; Maintains Overweight Rating
BIDU-SW Spin-off Progress: BIDU-SW has disclosed progress on the spin-off and separate listing of Kunlunxin on HKEX, confirming that it can proceed with the process after submitting the necessary proposal.
Retention of Control: Despite the spin-off, BIDU-SW will retain control over Kunlunxin, which will remain a non-wholly owned subsidiary unless the final structure changes.
Valuation Insights: JPMorgan estimates that Kunlunxin's valuation could reach US$17 billion based on its revenue estimates, positioning the spin-off as a significant catalyst for BIDU-SW this year.
Stock Rating and Target Price: JPMorgan has rated BIDU-SW's US stock as Overweight, setting a target price of US$188, reflecting confidence in the company's future prospects.
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HSI Rises 138 Points in Half-Day Trading as CMOC/LAOPU GOLD Jumps 6% After Blue Chip Inclusion; Overall HSI Increases 32% in Year of the Snake
Hong Kong Stock Performance: On February 16, Hong Kong stocks saw a positive half-day session, with the HSI closing up 138 points (0.5%) at 26,705, marking a strong overall performance in the Year of the Snake with a 32% gain.
HSI Quarterly Review Changes: The quarterly review of the HSI included the addition of CATL, CMOC, and LAOPU GOLD, which saw significant gains, while ZHONGSHENG HLDG was removed from the index.
Individual Stock Movements: Notable stock movements included SANDS CHINA LTD rising 2.7% despite a slight decline in property EBITDA, while ANTA SPORTS experienced a minor drop after shareholder approval for a significant acquisition.
US Department of War Update: The US Department of War's withdrawal of the "List of Chinese Military Companies" impacted stock prices, with BABA-W declining 0.5% and BIDU-SW increasing by 1.3%.
HSI Declines by 65 Points at Opening; CATL and CMOC Start Strong Among Blue Chips; Alibaba and Baidu Struggle
US Inflation and Stock Market Update: US inflation was below expectations while core inflation met them; the DJIA rose by 0.1% last Friday.
Hong Kong Stock Market Performance: The Hong Kong bourse opened lower, with the HSI down 0.2% and other indices also showing declines.
HSI Quarterly Review Changes: CATL, CMOC, and LAOPU GOLD were added to the HSI, while ZHONGSHENG HLDG was removed; CATL and CMOC saw slight increases in their stock prices.
Notable Stock Movements: Stocks like BABA-W and BIDU-SW dropped significantly after being listed as Chinese military companies, while ANTA SPORTS received approval for a stake acquisition in PUMA.
BEKE-W and HORIZONROBOT-W Join HSCEI; CHINA RES BEER and MENGNIU DAIRY Excluded
Index Review Announcement: Hang Seng Indexes Company announced the results of its quarterly review for the Hang Seng Family of Indexes, effective from March 9, 2026.
Additions and Deletions: BEKE-W and HORIZONROBOT-W will be added to the HSCEI, while CHINA RES BEER and MENGNIU DAIRY will be removed, keeping the total number of constituents at 50.
Short Selling Data: The short selling data indicates significant activity for the stocks involved, with BEKE-W showing a short selling ratio of 34.793%.
Market Impact: Changes will take effect after market close on March 6, 2026, potentially influencing trading strategies and market dynamics.
Horizon Robotics Enters Strategic Partnership with CATL's Subsidiary
Strategic Partnership: HORIZONROBOT-W has entered into a strategic cooperation agreement with CATL's subsidiary, Contemporary Intelligent, focusing on intelligent upgrades for new energy vehicles.
Objective of Collaboration: The partnership aims to enhance the intelligent and safe travel experience for global automakers and end users.
HSI Rises Over 240 Points to Surpass 27,000 in Early Trading; Autonomous Driving Stocks Under Pressure; Hesai Plummets Nearly 10%
US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.
Hong Kong Market Performance: The Hong Kong stock market opened higher on the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.
Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.
Short Selling Activity: Several stocks, including ROBOSENSE and HORIZONROBOT, experienced notable short selling, with ratios indicating increased bearish sentiment among investors.
HSI Rises Over 240 Points to Surpass 27,000 in Early Trading; Autonomous Driving Stocks Under Pressure; Hesai Drops Nearly 10%
US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.
Hong Kong Market Performance: The Hong Kong stock market opened higher on the morning of the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.
Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.
Short Selling Activity: Several stocks, including ROBOSENSE and BIDU-SW, experienced notable short selling, with ratios indicating a high level of bearish sentiment among investors.
HSI Rises 138 Points in Half-Day Trading as CMOC/LAOPU GOLD Jumps 6% After Blue Chip Inclusion; Overall HSI Increases 32% in Year of the Snake
Hong Kong Stock Performance: On February 16, Hong Kong stocks saw a positive half-day session, with the HSI closing up 138 points (0.5%) at 26,705, marking a strong overall performance in the Year of the Snake with a 32% gain.
HSI Quarterly Review Changes: The quarterly review of the HSI included the addition of CATL, CMOC, and LAOPU GOLD, which saw significant gains, while ZHONGSHENG HLDG was removed from the index.
Individual Stock Movements: Notable stock movements included SANDS CHINA LTD rising 2.7% despite a slight decline in property EBITDA, while ANTA SPORTS experienced a minor drop after shareholder approval for a significant acquisition.
US Department of War Update: The US Department of War's withdrawal of the "List of Chinese Military Companies" impacted stock prices, with BABA-W declining 0.5% and BIDU-SW increasing by 1.3%.
HSI Declines by 65 Points at Opening; CATL and CMOC Start Strong Among Blue Chips; Alibaba and Baidu Struggle
US Inflation and Stock Market Update: US inflation was below expectations while core inflation met them; the DJIA rose by 0.1% last Friday.
Hong Kong Stock Market Performance: The Hong Kong bourse opened lower, with the HSI down 0.2% and other indices also showing declines.
HSI Quarterly Review Changes: CATL, CMOC, and LAOPU GOLD were added to the HSI, while ZHONGSHENG HLDG was removed; CATL and CMOC saw slight increases in their stock prices.
Notable Stock Movements: Stocks like BABA-W and BIDU-SW dropped significantly after being listed as Chinese military companies, while ANTA SPORTS received approval for a stake acquisition in PUMA.
BEKE-W and HORIZONROBOT-W Join HSCEI; CHINA RES BEER and MENGNIU DAIRY Excluded
Index Review Announcement: Hang Seng Indexes Company announced the results of its quarterly review for the Hang Seng Family of Indexes, effective from March 9, 2026.
Additions and Deletions: BEKE-W and HORIZONROBOT-W will be added to the HSCEI, while CHINA RES BEER and MENGNIU DAIRY will be removed, keeping the total number of constituents at 50.
Short Selling Data: The short selling data indicates significant activity for the stocks involved, with BEKE-W showing a short selling ratio of 34.793%.
Market Impact: Changes will take effect after market close on March 6, 2026, potentially influencing trading strategies and market dynamics.
Horizon Robotics Enters Strategic Partnership with CATL's Subsidiary
Strategic Partnership: HORIZONROBOT-W has entered into a strategic cooperation agreement with CATL's subsidiary, Contemporary Intelligent, focusing on intelligent upgrades for new energy vehicles.
Objective of Collaboration: The partnership aims to enhance the intelligent and safe travel experience for global automakers and end users.
HSI Rises Over 240 Points to Surpass 27,000 in Early Trading; Autonomous Driving Stocks Under Pressure; Hesai Plummets Nearly 10%
US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.
Hong Kong Market Performance: The Hong Kong stock market opened higher on the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.
Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.
Short Selling Activity: Several stocks, including ROBOSENSE and HORIZONROBOT, experienced notable short selling, with ratios indicating increased bearish sentiment among investors.
HSI Rises Over 240 Points to Surpass 27,000 in Early Trading; Autonomous Driving Stocks Under Pressure; Hesai Drops Nearly 10%
US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.
Hong Kong Market Performance: The Hong Kong stock market opened higher on the morning of the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.
Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.
Short Selling Activity: Several stocks, including ROBOSENSE and BIDU-SW, experienced notable short selling, with ratios indicating a high level of bearish sentiment among investors.
