A-share Pre-market Report | Listed companies are positive news! A wave of increases in holdings and share buybacks, a wave of Q3 earnings pre-announcements, and dividends are arriving one after another.

Pre-market News 1. Jensen Huang strongly supports cloud service provider CoreWeave, US tech stocks stage a desperate counterattack! Chinese assets surge Market sentiment stabilized, and US tech stocks staged a V-shaped rebound! As cloud service provider CoreWeave faced selling pressure, Jensen Huang expressed optimism about the company's prospects. The company's stock price reversed from a drop of over 9% to a gain of 6%. Memory giant Micron Technology also recovered from a decline of over 6% to close with a gain of nearly 2%. In addition, Chinese assets surged, with the Nasdaq Golden Dragon China Index rising nearly 2%, significantly outperforming major US stock indices. In the morning, South Korea's KOSPI index opened 1.8% higher, with SK Hynix and Samsung Electronics both rising over 2%. 2. Listed companies intensively release positive news! A wave of increases in holdings and share buybacks, a wave of Q3 earnings pre-announcements, and dividends are arriving one after another Last night, listed companies intensively disclosed positive news. The chairmen/controlling shareholders of listed companies such as Biwin Storage Technology, Eoptolink Technology Inc., Suzhou TFC Optical Communication, Colorlight Cloud Tech, and EverProX Technologies proposed share buybacks. At the same time, the "pre-announcement wave" for Q3 earnings continued, with leaders such as Shenzhen Longsys Electronics and Hengyi Petrochemical reporting good news. On the dividend front, Wus Printed Circuit announced that its controlling shareholder proposed a cash dividend for 2026 of no less than 2.2 billion yuan. 3. Related to China's economy and financial markets! Latest remarks from the central bank governor and finance minister On October 15, the G20 held its third G20 Finance Ministers and Central Bank Governors Meeting of the year in Bangkok, Thailand. PBOC Governor Pan Gongsheng said that China will continue to implement a moderately loose monetary policy well and create a favorable monetary and financial environment for China's stable economic growth and the smooth operation of financial markets. Finance Minister Lan Fo'an said that China will implement a more proactive fiscal policy in a precise and effective manner and promote sustained economic development toward new and better directions. 4. JPMorgan: Maintains year-end target of 5200 for CSI 300 this year, still fully confident in global AI fundamentals JPMorgan released its latest A-share equity strategy view. The bank maintained its baseline scenario target of 5200 points for the CSI 300 Index by the end of 2026, implying more than 20% upside from the current level. JPMorgan continues to favor a barbell strategy, with high-dividend names on the defensive side and AI, CXO, and innovative drugs on the growth side. Investment Calendar The 25th Wine Expo will be held in Wuhan Investment Tips Follow the trend, spend all your time studying the correct trend of the market, and if you stay consistent with it, profits will come rolling in. [US] Gann Institutional Views 1. Orient: The market will still maintain a weak, bottom-probing, and volatile pattern, with the area above 3750 on the Shanghai Composite Index becoming an important resistance level. 2. Founder: Short-term external disturbances have not yet been fully digested, maintain the approach of "defense as the foundation, catalysts as the spear." 3. Shenwan Hongyuan Group: The brokerage sector is expected to usher in dual catalysts from performance and policy, and the current sector valuation safety cushion is sufficient. Positive and Negative Outlook 1. Google says quantum computing has achieved a new breakthrough, with the Willow chip reducing error rates by about 40 times Dongxing: The quantum computing industry presents core characteristics of weak short-term profitability, broad long-term space, strong policy support, with the turning point depending on technology and commercialization, and the landscape depending on first-mover advantage and ecosystem. The winner-takes-all characteristic of first movers is significant. 2. Cook: Apple Intelligence to integrate Qwen large model, test version to be released in China by the end of October CMSC: With more application ecosystems being integrated and model iterations, the future Apple AI Agent system experience is expected to be further upgraded. Bullish that the scarcity of Apple's high-quality supply chain resources will become more prominent, bringing a value re-rating of the Apple chain. 3. A glimmer of dawn in the AI cold wind? TSMC's computing power orders are full, and price increases are on the way Sinolink: AI demand is strong, TSMC's 2nm and 3nm capacity is in short supply, and advanced packaging capacity such as CoWoS also remains tight. TSMC's wafer foundry prices are expected to continue rising in 2027. Announcement Express Positive Announcements 1. Ganfeng Lithium Group: Net profit for the first three quarters increased by 19,541% year-on-year, with increased selling prices and sales volume of lithium series products 2. Eoptolink Technology Inc.,: Controlling shareholder proposes share buyback of 800 million to 1 billion yuan 3. Biwin Storage Technology: Controlling shareholder proposes buyback of 200 million to 250 million yuan of A-share shares, to be cancelled and reduce registered capital Negative Announcements 1. Sanan Optoelectronics: Controlling shareholder and indirect controlling shareholder have been applied for bankruptcy reorganization 2. Xiamen King Long Motor Group: Major arbitration involving a wholly owned subsidiary, with claimed damages temporarily calculated at 60.7332 million euros 3. Dalian Bio-Chem: 1.8306 million shares held by Guangyao Zhixin were forcibly sold by judicial order Overseas Markets The three major US stock indices closed higher collectively on Thursday, with the Dow up 1.08% and the Nasdaq up 0.08%; tech stocks staged a desperate counterattack, defensive sectors continued their gains, and Eli Lilly rose over 3%; the Nasdaq Golden Dragon China Index closed up 1.96%, with JD.com and NTES up over 2%, and Bilibili up over 1%. This article is reprinted from "Tencent Stock Picker", GMTEight editor: Xu Wenqiang.