GMT EIGHT - OPPORTUNITIES IN CHINA

Southeast Asia 67 MW AIDC Project Launched, DEEP SOURCE (00990) Accelerates Strategic Transformation

To Yuan Holdings (00990) has once again made significant progress in its artificial intelligence infrastructure business.

LDROBOT (01236) intends to acquire all equity interests in SABO-Maschinenfabrik GmbH for no more than EUR 6 million.

LDROBOT (01236) announced that on October 7, 2026 (after trading hours), the Company, together with its Singapore subsidiary, the seller SABO Holding GmbH, the seller's guarantor, and the target company, entered into an agreement. Pursuant to the agreement, and subject to its terms and conditions, the Company has agreed to acquire, through the Singapore subsidiary, and the seller has agreed to sell, all equity interests in the target company, for a transaction amount not exceeding EUR 6 million. The target company is a long-established and renowned German manufacturer of high-end garden equipment, distributing its products through an extensive network of more than 1,400 specialist retailers across Europe.

U.S. Economic Resilience Boosts Small-Cap Stock Outlook, Wall Street Expects a Rebound Opportunity

Bank of America pointed out that for small-cap stocks, which are highly dependent on the U.S. domestic economy, manufacturing is the most important macro indicator affecting their relative performance, and the latest data shows that U.S. manufacturing has expanded for the ninth consecutive month, the longest expansion cycle since 2022.

French political crisis hits European bank stocks! Societe Generale(SCGLY.US), Deutsche Bank Aktiengesellschaft(DB.US) fall over 5%; JP Morgan says pullback may offer entry opportunity.

European bank stocks came under renewed selling pressure on Wednesday, with shares of Societe Generale and Deutsche Bank both falling more than 5% at one point.

US Stock Market Move | European banking stocks broadly declined; Deutsche Bank Aktiengesellschaft (DB.US) fell 5%.

On Wednesday, European banking stocks broadly declined, with Deutsche Bank Aktiengesellschaft (DB.US) falling 5% and HSBC Holdings (HSBC.US) dropping 4%.

US Stock Market Move | Optical communication concept stocks fell broadly, with Applied Optoelectronics (AAOI.US) dropping over 6%.

On Wednesday, optical communication concept stocks fell broadly, with Applied Optoelectronics (AAOI.US) dropping over 6%.

US Stock Market Move | Gold and silver, non-ferrous metals concept stocks broadly declined. Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US) fell nearly 7%.

On Wednesday, gold and silver, non-ferrous metals concept stocks broadly declined, with Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY.US) falling nearly 7%.

Seven consecutive weeks of gains! US 30-year mortgage rate soars to 7.49%, hitting a near three-year high.

The US 30-year mortgage rate rose for seven consecutive weeks to 7.49%, hitting a near three-year high; the Iran conflict pushed up US Treasury yields, and home purchase applications fell to a one-year low.

Alphabet Inc. Class C teams up with Unity (U.US) to build a next-generation gaming platform: make games without coding, just by talking

Google and Unity have entered into a strategic partnership to launch an integrated gaming platform within the year, enabling creation through natural language; Unity rose nearly 6% in pre-market trading, while Roblox fell nearly 5%.

GREENTOWN CHINA (03900) cumulative total contracted sales for the first 9 months amounted to approximately RMB 142.1 billion.

Greentown China (03900) has announced that in September 2026, Greentown Group's self-invested projects achieved sales of 1,547 units, with a sales area of approximately 360,000 square meters. The sales amount for the month was approximately RMB 9.4 billion, and the average selling price was approximately RMB 25,943 per square meter. From January to September 2026, Greentown Group achieved contracted sales area of approximately 2.62 million square meters and contracted sales amount of approximately RMB 81.7 billion; of which the attributable amount to Greentown Group was approximately RMB 55.2 billion. As of September 30, 2026, there was additionally an accumulated amount of approximately RMB 1.9 billion under signed subscription agreements that had not yet been converted into sales contracts, of which the attributable amount to Greentown Group was approximately RMB 1.3 billion.

Musk personally sets the tone for Terafab: TSMC can at most "sublease a portion," and operating it is out of the question.

Musk clarified that Terafab will be built and operated independently, and that TSMC can at most sublease a portion of the site; Intel will participate in technology development, supplying Tesla and SpaceXAI.

China Securities Co.,Ltd.: A-shares may see a recovery rally in October; continue with a balanced allocation of both offense and defense.

The pre-holiday decline in A-shares was driven by a concentrated convergence of multiple short-term factors, and the market is expected to see a recovery rally after the holiday once these short-term factors are fully digested.

Midland Realty: September Hong Kong private residential pre-sale consent applications involve 3,778 units, up 235.8% month-on-month, a more than four-year high

In September, a total of 7 new pre-sale consent applications for private residential projects were recorded, involving 3,778 units, a month-on-month increase of about 235.8% from 1,125 units in August, and a new high in 52 months (more than 4 years) since May 2022.

Preview of US Stock Market | All three major stock index futures fell together. Brent crude broke above $100 again. The 30-year U.S. Treasury yield climbed to its highest level since 2002.

All three major U.S. stock index futures fell together.

ZHONGHUA GAS (08246) proposes to subscribe for 17 Vbit shares at a premium of approximately 33.33%, increasing its shareholding to 27.35%.

ZHONGHUA GAS (08246) announces that on 7 October 2026 (after trading hours), Toff Global, a wholly-owned subsidiary of the Company, Vbit and Mr. Hoon Heh entered into a subscription agreement, pursuant to which Toff Global conditionally agreed to subscribe for the subscription shares (i.e. 17 Vbit shares) at a consideration of US$1.18 million. As at the date of this announcement, Vbit is owned as to 85% by Mr. Hoon Heh and 15% by Toff Global. Upon completion, Toff Global's equity interest in Vbit will increase to 27.35%, as enlarged by the allotment and issue of the subscription shares.

Hong Kong Property: September Hong Kong second-hand residential registration amount exceeded HK$28 billion, up about 5.6% month-on-month

Given the time required from signing the sale and purchase agreement to submitting it to the Hong Kong Land Registry for registration, the registration cases in September generally reflect the market conditions in August.

2026 Nobel Prize in Chemistry Announced: Two Scientists Unravel the Mystery of Life's Chirality, with Results Profoundly Impacting the Pharmaceutical Industry

French chemist Henri B. Kagan and Japanese chemist Kenso Soai have jointly won the 2026 Nobel Prize in Chemistry for their discovery of nonlinear effects and autocatalytic phenomena in asymmetric organic synthesis.

UK 30-year gilt yields rose 12 basis points to 6.02%, the highest since 1998.

Paul Chan: Hong Kong's economy posts strongest first-half performance in nearly five years, confident of 3.5%-4.5% full-year growth.

Paul Chan said Hong Kong's economy grew by 5.1% year on year in the first half of this year, its strongest half-year performance in nearly five years, and he is confident that Hong Kong will achieve the revised full-year forecast of 3.5% to 4.5% real economic growth this year.

Ministry of Transport: On October 6, the total cross-regional passenger flow across society was 303.46 million person-trips.

On October 6, 2026 (the 6th day of the National Day holiday), the total cross-regional passenger flow across society was 303.46 million person-trips, up 0.04% on a month-on-month basis.

ANTA (02020) officially becomes the largest shareholder of Puma, further advancing its multi-brand and globalization strategy.

ANTA Group has officially become the largest shareholder of Puma.

SA SA INT'L (00178): During the 2026 "October 1 National Day" holiday, offline sales in Hong Kong and Macau rose more than 60% year on year, while same-store sales also rose more than 50% year on year.

Sa Sa International (00178) announced that during the "October 1 National Day" holiday from October 1 to 7, 2026, building on the upward momentum of the second quarter of the 2026/27 financial year, sales continued to improve. The Group's offline sales in Hong Kong and Macau rose more than 60.0% year on year, while same-store sales also rose more than 50.0% year on year. The number of transactions, the average amount per transaction, and the number of items per transaction all recorded significant year-on-year increases.

MEIDONG AUTO (01268) will distribute a final dividend of RMB0.0337 per share on October 28.

MEIDONG AUTO (01268) announced that it will distribute a final dividend of RMB0.0337 per share on October 28, 2026.

Hong Kong Lands Department: Nine pre-sale consent forms for uncompleted residential units approved in Q3, involving 3,766 units.

The Hong Kong Lands Department announced that it approved nine pre-sale consent forms for residential projects in the third quarter of this year, involving 3,766 units.

SA SA INT'L (00178) second quarter overall turnover was HK$1,413.8 million, up 37.2% year-on-year.

Sa Sa International (00178) announced that for the second quarter from July 1 to September 30, 2026, the Group's beauty trend effect and marketing strategies continued to be effective, driving the Group's overall turnover to HK$1,413.8 million, up 37.2% year-on-year. The Group's total offline sales reached HK$1,219.6 million, up 47.6% compared with the same period last year.

Hong Kong: Official foreign exchange reserve assets at the end of September were US$433 billion.

Hong Kong's official foreign exchange reserve assets at the end of September 2026 were US$433 billion (US$442.8 billion at the end of August 2026).

COCOON HOLDINGS (00428) consolidated net asset value per share at the end of September was approximately HK$0.92

COCOON HOLDINGS (00428) announced that as at September 30, 2026, the unaudited consolidated net asset value per share of the Company was approximately HK$0.92.

RITAMIX (01936) will distribute a special dividend of HK$0.29 per share on November 12.

RITAMIX (01936) has announced that it will distribute a special dividend of HK$0.29 per share on November 12, 2026.

Temasek's Chief Investment Officer Warns: AI Trade Reversal Is the Biggest Market Risk, 2027 Could Bring Turbulence

Temasek's CIO says an AI trade reversal is the biggest market risk, with possible turbulence in 2027; still bullish long-term, plans to raise public-market AI exposure to 70%75%.

RSUN PPT (01996) cumulative contracted sales for the first 9 months amounted to RMB 1.329 billion, a year-on-year decrease of 64.8%.

RSUN PPT (01996) announced that the contracted sales amount of the company, its subsidiaries, and associated companies (the Group) for September 2026 was RMB 126 million, a year-on-year decrease of 53.7%; the sales area was 5,857 square meters; and the average selling price was RMB 21,511 per square meter.

ChatGPT teen version rated "unacceptable risk": Common Sense calls on OpenAI to pause its rollout.

Common Sense Media, a California-based nonprofit, released a report on Wednesday through its Youth AI Safety Institute stating that ChatGPT for Teens, launched by OpenAI in August, poses excessive risks to users aged 13 to 17, and gave it an "unacceptable risk" rating.

Hui Ching-yu: Work on linking Hong Kong's gold settlement to the instant payment settlement system has entered its final stage.

Hong Kong, leveraging its strategic geographical location, its status as an international financial centre, and its unique advantage of practising the common law system, is fully committed to building a gold trading ecosystem that connects to the existing gold market and injects usable liquidity into the international market.

Shell (SHEL.US) previews strong Q3 oil products trading performance: refining margin soars to a record $42 per barrel.

Shell expects strong oil products trading in Q3, with Iranian conflict and attacks on Russian refineries tightening supply, pushing refining margins to a record high of $42 per barrel.

RELIANCE GLO HL (00723) expects to record other income of approximately HK$66.4 million from investments in listed securities for the first half of 2026.

Reliance Global Holdings (00723) announced that the Group expects to record other income of approximately HK$66.4 million from investments in listed securities for the six months ended 30 September 2026 (30 September 2025: HK$18.6 million), which will have a significant impact on the Group's interim results for the first half of 2026 compared with the same period last year.

Musk reportedly approached Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR; Intel Corporation (INTC.US) CEO Lip-Bu Tan quickly stated: Terafab partnership continues

Intel (INTC.US) CEO Lip-Bu Tan stated that the company will continue to collaborate with Elon Musk on the Terafab project.

Trump: Military action against Iran "must be wrapped up"

Since the U.S. and Israel launched military strikes against Iran on February 28, the United States has carried out airstrikes, a naval blockade, economic pressure, and other measures against Iran, and the conflict is still ongoing.

Hang Seng Indexes Company announces consultation conclusions on the compilation methodology of the Hang Seng TECH Index

Hang Seng Indexes Company announces the consultation conclusions on the revision proposal for the compilation methodology of the Hang Seng TECH Index.

CDB INT'L INV (01062) consolidated net asset value per share at the end of September was approximately HK$0.2899.

CDB INT'L INV (01062) announced that as at 30 September 2026, the unaudited consolidated net asset value per share of the Company was approximately HK$0.2899.

China Railway: National railway system sees peak return passenger flow of National Day holiday, with 24.15 million passenger trips expected today.

October 7 is the last day of the National Day holiday, and the national railway system is seeing its peak return passenger flow, with 24.15 million passenger trips expected, and 2,449 additional passenger trains planned.

According to the Korea Economic Daily: Samsung Electronics' next-generation high-bandwidth memory "12-layer HBM4E" product has passed quality validation by Nvidia and major hyperscale data center operators.

Hong Kong stocks close: Hang Seng Index falls 0.62%, Hang Seng Tech Index falls 0.66%

Hansoh Pharmaceutical fell 1.91%, Iluvatar CoreX fell 1.93%, WuXi Biologics fell 2.07%, Alibaba-W fell 2.59%, Zhipu fell 2.73%, Hua Hong Semiconductor fell 2.77%, MINIMAX-W fell 3.77%.

"Tail risk" for components such as ASICs, storage, and optical modules: the US lacks powerracks are installed but can't get electricity.

The bottleneck in US AI infrastructure is shifting from "a lack of chips" to "a lack of electricity."

CMSC: September US nonfarm payrolls significantly below expectations, October Fed rate hike expectations cool

China Merchants Securities stated that following the release of the nonfarm payroll data, the market further lowered its expectations for a rate hike at the October FOMC meeting. After the data release, CME data showed that the market's expectation for the October FOMC to keep the policy rate unchanged rose to 80%, but still priced a 25BP rate hike in December as the most probable scenario.

Hong Kong Rating and Valuation Department: Hong Kong's private housing completions in August totaled 887 units, an increase of 701 units month-on-month.

In August, Hong Kong's private housing completions totaled 887 units, a significant month-on-month increase of 701 units, or 3.7 times.

Joseph Chan: "T+1" settlement for Hong Kong stocks helps reduce market settlement risk, consolidate and enhance Hong Kong's status as an international financial centre.

Joseph Chan stated that promoting the adoption of the T+1 settlement cycle for the cash equities market is an important step in optimising market infrastructure, helping to further consolidate and enhance Hong Kong's status and positioning as an international financial centre.

Dalio Issues Another Warning: AI Is a "Classic Bubble," and the Bursting Point Is "Very Close"

Dalio warns that AI is a "classic bubble," with rising interest rates combined with monetization needs pushing it close to the bursting point; he said it is "already very close to that point."

Ricacorp: Third Quarter Hong Kong First-Hand Private Residential Transactions Record 3,066 Cases, Down 55% Quarter-on-Quarter

In the third quarter of 2026, Hong Kong recorded 3,066 first-hand private residential sale and purchase registrations, down 55% from the peak of 6,779 in the second quarter, and down 45% from 5,536 in the same period last year.

China's central bank increased its gold holdings for the 23rd consecutive month.

On October 7, data from the People's Bank of China showed that China's gold reserves stood at 77.47 million ounces at the end of September, an increase of 740,000 ounces month-on-month.

Lo Chung-mau: Hong Kong's public healthcare fee waiver mechanism expanded to cover 2 million people, over 300,000 applications approved.

Hong Kong's Secretary for Health, Lo Chung-mau, said in a written reply to a Legislative Council member's question that the public healthcare fee reform has significantly expanded the coverage of the fee waiver mechanism, with the number of potential beneficiaries increasing from about 900,000 to about 2 million.

IMF Managing Director Georgieva: Central banks need to maintain a "prudent hawkish bias" in monetary policy, and the rate hikes by the Federal Reserve, the European Central Bank, and the Bank of Japan are "very appropriate."

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Solidigm, a subsidiary of SK Hynix, has hired Goldman Sachs and Morgan Stanley to handle its IPO.

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Airbus: Romania orders 12 military helicopters.

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According to the Wall Street Journal: People familiar with the matter said Oracle is in talks with institutions including Apollo and Goldman Sachs to arrange financing for a large-scale chip purchase, and hopes to complete the deal as early as this year. The financing is intended to bridge the funding gap between Oracle's payments for hardware procurement and the point at which its cloud computing business begins generating revenue.

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Levi's executive: Half of the third-quarter revenue growth came from non-denim bottoms, with the tops category showing the strongest growth.

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According to The Wall Street Journal: People familiar with the matter said Oracle (ORCL.N) is in talks with institutions including Apollo and Goldman Sachs to raise financing for a large-scale chip purchase, and hopes to complete the deal as early as this year. The financing is intended to bridge the funding gap between Oracle's payment for hardware purchases and the point at which its cloud computing business begins generating revenue.

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