Index Performance: The Hang Seng Index (HSI) opened 29 points lower at 25,587, while the Hang Seng China Enterprises Index (HSCEI) and the Hang Seng Tech Index (HSTECH) also saw slight declines of 9 points and 6 points, respectively, both down 0.1%.
Technology Sector Insights
Alibaba (BABA-W): The stock decreased by 0.073% to $139.9, with short selling amounting to $6.46 billion and a short selling ratio of 11.771%.
Tencent (TENCENT): Increased by 0.248% to $607.5, with short selling at $1.73 billion and a ratio of 17.901%. Tencent Hunyuan launched a new translation model.
Xiaomi (XIAOMI-W): Rose by 0.463% to $54.3, with short selling of $1.09 billion and a ratio of 13.382%.
Meituan (MEITUAN-W): Fell by 0.777% to $102.5, with significant short selling of $2.75 billion and a ratio of 20.418%.
Netease (NTES-S): Decreased by 0.557% to $66.5, with a short selling ratio of 34.691%.
Automotive Sector Developments
BYD Company: Reported an 8.5% month-over-month increase in New Energy Vehicle (NEV) sales for August, although its stock price fell by 0.4% to $108. Short selling reached $2.58 billion with a ratio of 21.285%.
Li Auto (LI AUTO-W): Delivered 28,529 vehicles in August, down 7.2% month-over-month, leading to a 1% drop in stock price.
NIO (NIO-SW): Achieved approximately 31,300 vehicle deliveries in August, marking a 55% year-over-year increase, with a stock price increase of 1%. Short selling was $214.14 million, with a high ratio of 37.481%.
Geely Auto: Experienced a 38% year-over-year increase in total August sales, resulting in a 0.732% rise in stock price.
XPeng (XPENG-W): Saw a slight increase of 1.1% to $84, with short selling at $140.73 million and a ratio of 8.945%.
Strategic Moves
BYD's Investment: BYD Company acquired nearly 10% of HARMONY AUTO's subsidiary, iCar Group, which positively impacted HARMONY AUTO's stock price, boosting it by 13% to $2.7.
Short Selling Data
General Trends: The short selling data indicates significant activity across various stocks, with ratios often exceeding 20%, highlighting investor caution in the current market environment.
(HK stocks quote is delayed for at least 15 minutes. Short Selling Data as of September 1, 2025, 16:25.)
00175
$16.56+Infinity%1D
Analyst Views on 00175
Wall Street analysts forecast 00175 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00175 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00175 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00175 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 16.810
Low
Averages
High
Current: 16.810
Low
Averages
High
CMSI
maintain
2025-12-11
Reason
CMSI
Price Target
2025-12-11
maintain
Reason
The analyst rating is based on several key factors:
1. US Economic Outlook: The expectation of moderate growth in the US economy due to the Federal Reserve's rate cuts and investments in AI, which supports a bullish stance on US stocks.
2. Hong Kong Market Transition: The forecast for the Hong Kong stock market indicates a shift from valuation recovery to earnings growth leadership, suggesting that while valuation expansion may slow, loose liquidity will continue to support the market.
3. Earnings-Driven Growth: By 2026, a combination of earnings-driven growth and liquidity support is anticipated, which is expected to positively influence the Hong Kong stock market.
4. Demand Dynamics in China: The notion that "new supply creates new demand" is highlighted as a new driving force for the Hong Kong stock market, particularly in the context of insufficient effective demand in China's economy.
Overall, the ratings reflect a strategic bullish outlook on US stocks and a positive transition for Hong Kong stocks, while advising caution regarding potential short-term risks.
CMSI
CMSI
maintain
2025-12-11
Reason
CMSI
CMSI
Price Target
2025-12-11
maintain
Reason
The analyst rating is based on several key factors:
1. US Economic Outlook: The expectation of moderate growth in the US economy due to the Federal Reserve's rate cuts and investments in AI, which supports a bullish stance on US stocks.
2. Hong Kong Stock Market Dynamics: The shift in the Hong Kong stock market from valuation recovery to earnings growth, indicating that while valuation expansion may slow, loose liquidity will continue to support the market.
3. Demand Dynamics in China: The notion that "new supply creates new demand" in the context of insufficient effective demand in China's economy, which is seen as a new driving force for the Hong Kong stock market.
Overall, the recommendations reflect a strategic bullish outlook while advising caution regarding potential short-term risks and structural divergences.
CICC
downgrade
$100
2025-12-02
Reason
CICC
Price Target
$100
2025-12-02
downgrade
Reason
The analyst rating reflects concerns about a significant slowdown in sales growth among major Chinese automakers, attributed to the phasing out of subsidies for large-scale equipment upgrades and consumer goods trade-ins. This has led to a weaker year-end sales surge compared to previous years, with many companies struggling to meet their sales targets. The report indicates that the decline in sales growth appears almost irreversible, suggesting a challenging environment for automakers as they attempt to balance sales growth with earnings amidst regulatory pressures and reduced consumer demand.
BofA Securities
BofA Securities
Buy
maintain
$24 -> $25
2025-11-19
Reason
BofA Securities
BofA Securities
Price Target
$24 -> $25
2025-11-19
maintain
Buy
Reason
The analyst rating for GEELY AUTO was reaffirmed as "Buy" by BofA Securities due to several positive factors: a 27% year-over-year increase in revenue driven by a 43% growth in deliveries and an increase in average selling price. Additionally, improvements in economies of scale, operational efficiency, and an optimized product mix contributed to a rise in gross profit margin. The broker also raised its sales and earnings forecasts for 2025-2027, which further supports the positive outlook for the company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
