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Real-time News
On August 5, Zhonghui Bio-B (2627.HK) announced on the Hong Kong Stock Exchange that due to the issuance of a black rainstorm warning and the extreme conditions caused by inclement weather on the morning of August 5, 2025, the expected timetable for the global offering set out in the prospectus and formal notice will be postponed. The global offering will be based on the updated expected timetable, and trading in the shares on the Hong Kong Stock Exchange is expected to commence on August 11, 2025 (originally scheduled for August 8).According to Li Auto on August 5th, the Ideal i8 has received widespread attention since its launch, with over 98% of users opting for the Max and Ultra models. To simplify the choice of trims, Li Auto has standardized the configurations, making the Ideal i8 Max the standard model. The price has been adjusted from 349,800 yuan to 339,800 yuan, and it comes with a complimentary platinum audio system worth 10,000 yuan. A rear cabin entertainment screen package is also available as an option for 10,000 yuan. Those who choose the Ultra version can get the full configuration for 349,800 yuan, while those who opt for the Pro version will enjoy exclusive cancellation or upgrade services.UBS: Raised Berkshire Hathaway (BRK.AN) target price from $892,120 to $895,247, and raised Berkshire Hathaway (BRK.BN) target price from $595 to $597.Oriental Selection (01797.HK) rose by more than 15%, and its share price returned to HK$27, with a cumulative increase of nearly 130% since July.On August 5th, Bocom International released a report stating that Xinyi Solar (00968.HK)s first-half revenue and profit fell 6.5% and 58.8% year-on-year, respectively, with profit exceeding the median forecast by 6%. The report also lowered its 2025-2027 profit forecasts by 48%, 29%, and 25%. The companys valuation was lowered from 1.2x price-to-book ratio to 1x, with the target price shifted to 2026. The report also lowered its target price from HK$4.28 to HK$3.7, maintaining a "buy" rating. The report noted that declining demand following the end of the mainlands PV rush, coupled with increased PV glass supply before June, widened the supply-demand gap. The price per square meter of 2.0mm glass fell from an April high of 14.25 yuan to 10.5 yuan in July, pushing the industry back into the red. Since June, the industry has experienced significant production cuts, with mainland Chinas active production capacity dropping from 100,000 tons at the end of May to 89,000 tons currently, and further significant cuts are likely. Driven by reduced supply and component customers stockpiling at low prices, the industrys inventory days quickly dropped from a high of 36 days in July to 29 days at the end of the month. It is expected that glass prices will bottom out and rebound from August.
