General GPU Company ILUVATAR COREX Launches IPO Today; ZTE and FOURTH PARADIGM Among Key Investors
IPO Announcement: ILUVATAR COREX (09903.HK) has revealed its IPO details in Hong Kong, planning to issue 25.4318 million H-shares, with 10% allocated for public offering and 90% for international placement.
Financial Goals: The company aims to raise approximately HKD3.677 billion with an offer price of HKD144.6 per share, and the IPO period runs from today until next Monday, with listing expected next Thursday.
Cornerstone Investors: ILUVATAR COREX has secured 18 cornerstone investors, including notable firms like ZTE and UBS AM Singapore, who will subscribe for shares worth over HKD1.583 billion, representing about 43.02% of the offered shares.
Market Activity: The article notes current short selling data for related stocks, indicating market interest and activity surrounding the IPO.
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S&P Global Market Intelligence Reveals Recent Top 10 Most Shorted Stocks in Hong Kong
Top Shorted Stocks in Hong Kong: S&P Global Market Intelligence identified the ten most shorted stocks in Hong Kong, with metrics including the number of shares borrowed and short selling ratios.
Notable Stocks: Key stocks include Ping An with a short selling ratio of 39.57%, COSCO Ship Hold at 23.71%, and Hengrui Pharma at 18.79%, reflecting significant investor skepticism.
Market Trends: The report indicates a mixed performance in stock prices over the past week, with some stocks experiencing gains while others faced declines.
Market Insights: Analysts, including those from M Stanley, suggest that the recent uptrend in the Chinese property sector may not be sustainable, predicting potential declines in home sales and prices.
ByteDance Launches Official Doubao Mobile Assistant Project, Aiming for New Phone Release in Mid to Late Q2 2025: Report
Doubao Mobile Assistant Project: ByteDance has officially launched the Doubao mobile assistant project, with a new phone expected to be released in mid-to-late Q2 2026.
Collaboration with ZTE Nubia: The second-generation Doubao phone will continue its partnership with ZTE Nubia, focusing on hardware development while Doubao handles AI integration.
HSI Rises by 97 Points Driven by Demand for Chip, AI, and Robotics Stocks; HUA HONG SEMI Gains 5%
Market Performance: The Hong Kong stock market saw a rebound with the HSI rising 0.4% to 26,585, driven by the US-Europe dispute over Greenland and a total market turnover of HKD250.451 billion.
AI and Tech Stocks Surge: The launch of the new DeepSeek model, MODEL1, boosted AI and chip-related stocks, with notable gains from companies like SENSETIME-W and INSILICO, while some stocks like UNISOUND experienced declines.
Chinese Exports Growth: China's exports in December increased by 6.6% year-on-year, surpassing the previous value of 5.9% and exceeding forecasts of 3%.
Mixed Performance Among Major Tech Firms: BIDU-SW launched a new AI feature and saw a 3.3% stock increase, while other tech giants like TENCENT and JD-SW had modest gains, and NTES-S faced a significant decline of 3.7%.
HSI Declines 39 Points at Noon; ANTA SPORTS Falls Over 5%; SMIC and HUA HONG SEMI Rise
Market Overview: The HSI closed down 39 points (0.2%) at 26,447, while the HSCEI fell 24 points (0.3%) to 9,070. The HSTECH saw a slight increase of 8 points (0.15%) to 5,691, with a total half-day turnover of HKD127.653 billion.
AI-Related Stocks Performance: Stocks like GDS-SW and UNISOUND experienced declines of 3.2% and 5.2%, respectively, while INSILICO and MINIMAX-WP surged by 5.5% and 6.6%.
Chip Sector Movements: SMIC, ASMPT, and HUA HONG SEMI saw gains of 3-4%, while INNOSCIENCE and BIREN TECH faced declines of 5.6% and 3.6%.
Tech Stocks Activity: BIDU-SW rose by 3.3% following a target price increase from Morgan Stanley and Citi, while other notable movements included a decline in LENOVO GROUP and a slight increase in KUAISHOU-W.
S&P Global Market Intelligence Reveals Recent Top 10 Most Shorted Stocks in Hong Kong (Table)
Top Shorted Stocks: S&P Global Market Intelligence identified the ten most shorted stocks in Hong Kong, with metrics based on the short selling ratio, which measures shares lent out relative to total issued shares.
Leading Stocks: COSCO SHIP HOLD topped the list with a short selling ratio of 40.396%, followed by DONGFANG ELEC and PHARMARON with ratios of 19.528% and 34.783%, respectively.
Stock Performance: The report includes recent price changes and short selling amounts, indicating varying performance among the listed stocks over the past week.
Market Insights: The data reflects investor sentiment and market dynamics, with significant short selling activity observed in companies like PING AN and ZTE, highlighting potential concerns or speculation in the market.
ZTE Exceeds 100 Million Units in Annual Home Terminal Shipments Once More
Stock Performance: ZTE's stock (00763.HK) experienced a decline of 1.12%, with a short selling volume of $18.37 million and a ratio of 2.798%.
Market Leadership: ZTE reported that its annual shipment volume for home terminals surpassed 100 million units in 2025, securing the highest global market share for the fifth consecutive year.
S&P Global Market Intelligence Reveals Recent Top 10 Most Shorted Stocks in Hong Kong
Top Shorted Stocks in Hong Kong: S&P Global Market Intelligence identified the ten most shorted stocks in Hong Kong, with metrics including the number of shares borrowed and short selling ratios.
Notable Stocks: Key stocks include Ping An with a short selling ratio of 39.57%, COSCO Ship Hold at 23.71%, and Hengrui Pharma at 18.79%, reflecting significant investor skepticism.
Market Trends: The report indicates a mixed performance in stock prices over the past week, with some stocks experiencing gains while others faced declines.
Market Insights: Analysts, including those from M Stanley, suggest that the recent uptrend in the Chinese property sector may not be sustainable, predicting potential declines in home sales and prices.
ByteDance Launches Official Doubao Mobile Assistant Project, Aiming for New Phone Release in Mid to Late Q2 2025: Report
Doubao Mobile Assistant Project: ByteDance has officially launched the Doubao mobile assistant project, with a new phone expected to be released in mid-to-late Q2 2026.
Collaboration with ZTE Nubia: The second-generation Doubao phone will continue its partnership with ZTE Nubia, focusing on hardware development while Doubao handles AI integration.
HSI Rises by 97 Points Driven by Demand for Chip, AI, and Robotics Stocks; HUA HONG SEMI Gains 5%
Market Performance: The Hong Kong stock market saw a rebound with the HSI rising 0.4% to 26,585, driven by the US-Europe dispute over Greenland and a total market turnover of HKD250.451 billion.
AI and Tech Stocks Surge: The launch of the new DeepSeek model, MODEL1, boosted AI and chip-related stocks, with notable gains from companies like SENSETIME-W and INSILICO, while some stocks like UNISOUND experienced declines.
Chinese Exports Growth: China's exports in December increased by 6.6% year-on-year, surpassing the previous value of 5.9% and exceeding forecasts of 3%.
Mixed Performance Among Major Tech Firms: BIDU-SW launched a new AI feature and saw a 3.3% stock increase, while other tech giants like TENCENT and JD-SW had modest gains, and NTES-S faced a significant decline of 3.7%.
HSI Declines 39 Points at Noon; ANTA SPORTS Falls Over 5%; SMIC and HUA HONG SEMI Rise
Market Overview: The HSI closed down 39 points (0.2%) at 26,447, while the HSCEI fell 24 points (0.3%) to 9,070. The HSTECH saw a slight increase of 8 points (0.15%) to 5,691, with a total half-day turnover of HKD127.653 billion.
AI-Related Stocks Performance: Stocks like GDS-SW and UNISOUND experienced declines of 3.2% and 5.2%, respectively, while INSILICO and MINIMAX-WP surged by 5.5% and 6.6%.
Chip Sector Movements: SMIC, ASMPT, and HUA HONG SEMI saw gains of 3-4%, while INNOSCIENCE and BIREN TECH faced declines of 5.6% and 3.6%.
Tech Stocks Activity: BIDU-SW rose by 3.3% following a target price increase from Morgan Stanley and Citi, while other notable movements included a decline in LENOVO GROUP and a slight increase in KUAISHOU-W.
S&P Global Market Intelligence Reveals Recent Top 10 Most Shorted Stocks in Hong Kong (Table)
Top Shorted Stocks: S&P Global Market Intelligence identified the ten most shorted stocks in Hong Kong, with metrics based on the short selling ratio, which measures shares lent out relative to total issued shares.
Leading Stocks: COSCO SHIP HOLD topped the list with a short selling ratio of 40.396%, followed by DONGFANG ELEC and PHARMARON with ratios of 19.528% and 34.783%, respectively.
Stock Performance: The report includes recent price changes and short selling amounts, indicating varying performance among the listed stocks over the past week.
Market Insights: The data reflects investor sentiment and market dynamics, with significant short selling activity observed in companies like PING AN and ZTE, highlighting potential concerns or speculation in the market.
ZTE Exceeds 100 Million Units in Annual Home Terminal Shipments Once More
Stock Performance: ZTE's stock (00763.HK) experienced a decline of 1.12%, with a short selling volume of $18.37 million and a ratio of 2.798%.
Market Leadership: ZTE reported that its annual shipment volume for home terminals surpassed 100 million units in 2025, securing the highest global market share for the fifth consecutive year.
