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<Results>BILIBILI-W 4Q25 Adj. NP Leaps 93.8% to RMB878M; US Shrs Leap 3.2% Pre-mkt
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HKD13.7B Southbound Trading Net Outflow from TRACKER FUND
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*BILIBILI-W 4Q25 NP Soars 4.8x to RMB513M; Adj. NP Leaps 93.8% to RMB878M
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<Europe>European Bourses Revert Up in Early Trade; DHL Sags 5%+; DJIA Futures Narrow Decline
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<CN Home>CHINA OVERSEAS Contracted Property Sales Sink 36% YoY in Feb, Drop 9% in 2M26
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<Results>JD INDUSTRIALS Full-Yr NP Rockets 2x+ YoY to RMB2.31B
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<Results>JD LOGISTICS Annual NP RMB6.647B, Up 7.2%
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<CN Home>CIFI HOLD GP Feb Contracted Sales Drop 67.1% YoY
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<Results>SJM HOLDINGS Annual Results Swing into Loss of $429M
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<H Shrs>HSI Lifts 71 Pts at Close as AIA Advances 5% to Support Mkt; Pharmas Thrive
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<Results>JD HEALTH Annual NP RMB5.375B, Up 29.2% YoY
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BNP Paribas Expects S Korean Govt to Step In to Ease Econ Impact of Iran Conflict
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Iran: Strait of Hormuz Not Blocked; Passage Rules During Wartime Controlled by Iran
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Elon Musk Tops Hurun Global Rich List with Wealth Surging 89%
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<Research>Ratings/ TPs on AIA (Table)
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