This morning's buzz: SIA and Tencent's earnings, Alibaba's plans and new Geely call

Macquarie Warrants Singapore
11-14

📢SIA: trading down 2.9% to SGD 6.47 this morning after reporting a 82% fall in its second quarter core profits of SGD 52.4 million versus the SGD 290.3 million reported last year due to lower interest income as well as accounting for its share of Air India's losses

🚨Air India is seeing financial losses as a result of a June 2025 plane crash that killed 240 people

✈SIA expects air travel demand to be resilient heading into the third quarter of FY2025/26, supported by the year-end peak.

✳Trending SIA call warrant $SIA MB eCW260330(TFGW.SI)$ (https://warrants.com.sg/tools/livematrix/TFGW) is trading down 16.7% to SGD 0.020 this morning. There are no put warrants available over SIA

💰Despite the lacklustre results, the airline will be paying a special dividend of SGD 0.10, amounting to SGD 900 million, over the next 3 financial years

📢Tencent: opening down 0.2% to HKD 656 after reporting 3Q revenue that rose 15% from the previous year to RMB 192.9 billion

👍The results prove that Tencent's AI investments have turned into positive results that beat analysts' estimates across all major segments — games, ads, and cloud — with enhanced product features and monetisation capability alongside steady margins

🆙On the back of Tencent's latest earnings, analysts have revised their price target on Tencent shares upwards. Analysts polled by Bloomberg have 67 buys, 3 holds, 0 sells on the stock, with a 12-month target price of HKD 730.53

✳Macquarie's trending Tencent call warrant $TencentMBeCW260303(ODVW.SI)$ (https://warrants.com.sg/tools/HistoricalPerformance/ODVW) is 70.4% higher to SGD 0.046 as of yesterday's close since its listing date on 5 August 2025, almost 5 times more than Tencent's 17.4% gain over the same period

✴Trending put warrant $TencentMBePW260303(MJOW.SI)$ (https://warrants.com.sg/tools/HistoricalPerformance/MJOW ) that was listed only on 29 Aug is down 60.5% to SGD 0.015 yesterday, versus Tencent’s 10% gain over the same period

📢Alibaba: announced that they are overhauling its main mobile AI app to make it more closely resemble OpenAI's ChatGPT

📱Alibaba plans to update its existing "Tongyi" apps on Apple iOS and Alphabet Android, rebranding them as "Qwen," named after its flagship AI model. The company will integrate agentic AI capabilities to enable in-app shopping experiences across platforms such as its Taobao marketplace over the coming months

📈The announcement that came out late afternoon yesterday led the share to jump as much as 8.3% from its morning's lows to HKD 166.00

✳✴Trending Alibaba call warrant $Alibaba MB eCW260203(UPSW.SI)$ (https://warrants.com.sg/tools/warrantterms/UPSW) spiked 70.6% from its morning low of SGD 0.017 to SGD 0.029 on Alibaba's share price jump, while trending put warrant IBBW (https://warrants.com.sg/tools/warrantterms/IBBW) fell 30.4% to SGD 0.039 to an intraday low when Alibaba traded to HKD 166.00

🆕Geely: call warrant $Geely MB eCW260505(PZRW.SI)$ (https://warrants.com.sg/tools/livematrix/PZRW) is newly listed this morning, enabling investors to trade any volatility in Geely's share price move ahead of or on the back of its earnings announcement next Monday.

✳The call warrant costs SGD 0.020 with Geely shares trading at HKD 15.70 and will move 5.1 times more than Geely shares based on its effective gearing level.

🚫There are no put warrants tracking Geely shares

🎯According to Bloomberg Intelligence, Geely's aggressive electric-vehicle launches in China have paid off, making its 3 million-unit sales target within easy reach this year even as exports flatten due to weaker Russia demand.

💵Geely continues to offer price discounts to capture greater market share, while its HKD 2.3 billion (USD 296 million) buyback in early October signaled management confidence in its business outlook despite intensifying competition

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