Baidu - rallies 5% last Friday on Kunlunxin IPO news
💫 $BIDU-SW(09888)$ shares were a standout performer last Friday, jumping as much as 7.8% on Friday before closing 5% higher at HKD 121.60 📰The rally came on the back of a Reuters report that its AI chip business Kunlunxin (KLX) is planning an IPO in Hong Kong, after recently raising US$283 million at a valuation of US$2.97 billion. 🏭KLX, which makes chips that power servers in data centers, is one of a few Chinese companies capable of designing the powerful accelerators essential for developing AI — central to Beijing’s effort to wean the country off US technology such as Nvidia (Bloomberg)" 🇨🇳KLX's listing will tap on investor interest in China's attempts to design products to compete with NvidiaBaidu holds a 59% stake in KLX 📢Last month, Baidu
Top mover alert: SMIC jumps more than 4% as customer Cambricon plans ramp-up of AI chips
🔥 $SMIC(00981)$ shares jump 4.5% to HKD 70.25 as of 301PM after Bloomberg reported that Beijing based Cambricon Technologies plans to rely on SMIC's latest production process known as the "N+2" 7 nanometer, to more than triple its production of AI chips in 2026 🇨🇳The ramp-up at Cambricon underscores the rapid ascent of Chinese chipmakers after Beijing began actively discouraging the use of Nvidia’s product this year, part of a longer-term effort to wean the country off US technology 📊Cambricon reported a 14-fold jump in its third quarter revenue by filling in Nvidia's void in China 🎁SMIC will invariably be a beneficiary of Cambricon's ramp-up ✳✴Trending SMIC call warrant $SMIC MB eCW260402(NAAW.SI)$ (
💫Yesterday, $KUAISHOU-W(01024)$ shares rose as much as 5.3% intraday, leading gains on the HSTECH Index after its AI platform Kling released a new AI model that enables users to edit multiple videos in one single engine. The stock eventually closed 0.9% higher at HKD 68.95 📹The Kling Video O1 model is the first among global peers to combine multiple video editing tasks into one single engine 🤖This efficiency-boosting ability of Kling AI may continue to drive user adoption and enhance its role as an essential assistant to professional users in areas like content creation, advertising, and e-commerce 📢Two weeks ago, Kuaishou had announced better than expected 3Q profit numbers - leading its shares to spike 4.4% on the morning of 20 November, and cl
Top movers alert: BYD surges 4%, Nio drops 6.7% on November EV sales data
🔝 $BYD COMPANY(01211)$ shares surged as much as 4% this morning to HKD 101.90, trading above the HKD 100 price level for the first time since 17 Nov, while Chinese EV competitor $NIO Inc. USD OV(NIO.SI)$ shares' have tumbled as much as 7.2% to USD 5.17 as of 319PM today ✳Consequently, trending BYD call warrant $BYD MB eCW260602(VBFW.SI)$ (https://warrants.com.sg/tools/livematrix/VBFW) rose as much as 24.4% to SGD 0.056 this morning, while trending Nio Singapore call warrant $NIO MBeCW260520(9PGW.SI)$ (https://warrants.com.sg/tools/livematrix/9PGW) is down 20.4% to SGD 0.043 as of 319PM. There are no put warrants
– Over the weekend on Sun, China released Nov NBS Manufacturing PMI which increased from 49.0 in October to 49.2, in line with expectations – Mon morning: the market will be closely listening to BOJ Governor Ueda's comments for any indications of a Dec hike – Mon night: the US ISM Manufacturing Index for Nov is projected to improve to 49.2 while remaining below the expansion threshold of 50. The internal components could be telling as well with the new orders to inventories ratio recently suggesting improvement may lie ahead in 2026 – Wed night: US ISM Services Index for Nov is projected to moderate slightly, but remain in expansion at 52.2. The employment component may be monitored for signs of a potential rebound in the labor market after softness for much of the year
⚠Top mover alert: PopMart jumps 15% this week, call warrant surges 68.6% as recent selling viewed as "overdone"
🔥 $POP MART(09992)$ shares are up another 4.7% this morning, after rallying 6.8% the day before, to take its total weekly gains to 14.8% this week 📉Prior to this week, the stock had been sold off 31% since 16 October to trade below the HKD 200 price level last Friday ✳✴Following this week's 14.8% share price rebound, newly listed PopMart call $PopMart MB eCW260505(ELCW.SI)$ (https://warrants.com.sg/tools/livematrix/ELCW) has spiked 68.6% to SGD 0.059 as of 1007AM this morning, while trending PopMart put $PopMart MB ePW260203(NSCW.SI)$ (https://warrants.com.sg/tools/livematrix/NSCW) is down 48.2% to SGD 0.029 ✍The revival of optimism in PopMart shares may h
Hang Seng Index – levels to note in current triangular consolidation phase
SGX Academy Trainer Binni Ong shares her view on the $HSI(HSI)$, which she believes is currently trapped in a triangular consolidation pattern with Doji highs acting as an immediate resistance. A break out from this consolidation pattern may signal a trend change. Binni concludes with the HSI warrants one can use to trade the HSI at key support/resistance levels. Read on for Binni's view: https://warrants.com.sg/marketnews/highlight/todayhighlight/7775 *This post is sponsored by Macquarie Warrants Singapore. Binni's view does not represent that of Macquarie's