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<Midday Takeaway>HSI Closes Midday at 26,705, Up 138 pts; HSTI Closes Midday at 5,367, Up 7 pts; ZIJIN MINING Up over 4%; HK & CHINA GAS, CK ASSET, WH GROUP, TIANGONG INT'L, CONCH VENTURE Hit New Highs
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<Research>UBS Elevates HUA HONG SEMI TP to $104, Raises EPS Forecast
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<Research>CICC: WYNN MACAU Chairman's Club Expected to Bring Strong LNY Bookings
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<Research>UBS: SANDS CHINA LTD Div. in Line ; Shr Price Expected to React Positively
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<Research>CICC Lifts Annual NP Forecast for LENOVO GROUP; 3FQ Results Beat
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Tech Magnates Warn AI Boom Exacerbates Memory Chip Woe
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2 AI Semi-IPOs Mixed on Last Day of Yr of Snake; MINIMAX-WP Soars 21%; KNOWLEDGE ATLAS Once Ebbs after Peaking
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<Research>CICC Maintains Outperform on SMIC ; 4Q25 Results In Line
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HK High Court Orders Dismissal of COUNTRY GARDEN's Winding-Up Petition
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<Research>HTSC Tweaks Up HUA HONG SEMI's TP to HKD121; Price Hike & Capacity Expansion Drive Growth into Fast Lane
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《HIBOR》1-Month HIBOR Down to 2.45%, Logging 1-month Low
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<Research>Nomura Keeps Buy on HENGRUI PHARMA But Pares TP to HKD87.49; 2026 NP Expected to Surge 30%
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<Research>CICC Raises BANK OF E ASIA TP to $18.03, Keeps Neutral Rating
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<Research>Nomura Lifts CSPC PHARMA TP to $12.04, Keeps Buy Rating
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<Research>G Sachs Keeps Buy on LENOVO GROUP, Adds TP to HKD12.53
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BABA-W Said to Open-Source New-Gen Qwen3.5 Model Tonight on LNY's Eve
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<Research>Nomura Lifts HANSOH PHARMA's TP to HKD37.87 w/ Higher Rev. & Earnings Forecast
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<Research>CLSA Reiterates Outperform on HUA HONG SEMI , Expects AI-Related Biz to Sustain Rapid Growth
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MO Travel Industry Envisions 160-170K Inbound Tourists per Day During CNY Holiday; GALAXY ENT: Hotels Almost Fully Booked
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<Research>Macquarie Keeps LENOVO GROUP Rating at Outperform, Lifts TP to $12.93
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