The Hong Kong Monetary Authority (HKMA) injected HKD2.458 billion into banks through its discount window operations yesterday (June 9), marking the largest scale since February 16. On the same day, HKD920 million in funds previously borrowed through the discount window were repaid.
~

AASTOCKS Financial News
Website: www.aastocks.com

The US Energy Information Administration (EIA) said that, based on current estimates of maritime traffic through the Strait of Hormuz, total oil inventories among OECD member countries are projected to fall to slightly below 2.3 billion barrels by December, the lowest level since EIA records began in 2003.

Owing to the Iran war causing a loss of 11 million bpd of oil production in the Middle East, member countries will need to rapidly draw down inventories, laying the groundwork for a spike in oil prices in the coming months, EIA said.

Although US President Donald Trump has repeatedly claimed that a deal with Iran is imminent, the EIA noted that as the agreement has not yet been finalized, most oil production in the region remains shut in.

Global oil inventories will continue to decline to meet demand. Brent spot prices are forecast to average about USD105 per barrel in June and July, well above the latest August futures price of USD92.98 per barrel.
~

AASTOCKS Financial News
Website: www.aastocks.com

BYD COMPANY (01211.HK) noted that the U.S. Department of Defense published the Notice of Availability of Designation of Chinese Military Companies. Pursuant to the Notice, the U.S. Department of Defense has included the Company into the list of Chinese Military Companies (CMC List).

As the Group is neither a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base, the Company considers that there is no justification for the Company’s inclusion in the CMC List.

The CMC List is not a sanctions list and inclusion in the CMC List will not affect the normal business operations of the Group and will not prohibit any persons (other than the U.S. Department of Defense) from business dealings with the Group. The U.S. government procurement limitations tied to the CMC List will not impact the business of the Company, and the CMC List does not restrict transacting in the securities of the Company.

Should the Company subsequently initiate review procedures or, where necessary, undertake legal proceedings to seek the removal of the Company from the CMC List, the Company will make further announcement(s) as and when appropriate.
~

AASTOCKS Financial News
Website: www.aastocks.com

Hours after US President Donald Trump vowed retaliation against Iran for shooting down a US Army helicopter, the US military launched a new round of airstrikes on Iran.

US Central Command stated that in response to the downing of a US Army Apache helicopter, its forces initiated defensive strikes against Iran to counter what it described as unprovoked aggression by Iran.

The scale of the latest US strikes remains unclear, but the move is expected to further diminish prospects for a peace agreement. Although Trump has repeatedly said that the US and Iran were close to signing a deal to end the conflict, both sides have continued to engage in attacks over navigation issues in the Strait of Hormuz.

This morning (10th), Brent oil futures and New York oil futures hiked nearly 1%. Spot gold dipped nearly 1% to USD4,218.91 per ounce. US stock futures showed little change, with DJIA futures and S&P 500 futures down 0.08% and 0.01%, respectively, while Nasdaq futures edged up 0.13%.
~

AASTOCKS Financial News
Website: www.aastocks.com

TENCENT (00700.HK) announced that it priced USD2.45 billion and CNYRMB15 billion notes under the Global Medium Term Note Programme. The company entered into subscription agreements with the USD Notes Managers for the issuance of USD notes in an aggregate principal amount of USD2.45 billion under the programme, and with the CNY Notes Managers for the issuance of CNY notes in an aggregate principal amount of CNY15 billion under the programme.

The estimated net proceeds from the issue of the USD Notes and the CNY Notes, after deducting underwriting fees, discounts and commissions, will amount to approximately USD2.43 billion and CNY14.94 billion, respectively. The Company intends to use the net proceeds for general corporate purposes (including refinancing).

The Notes are expected to be issued on 16 June 2026.

After the issue of the Notes, the Company will have an aggregate principal amount of approximately USD22.18 billion outstanding notes under the Programme.
~

AASTOCKS Financial News
Website: www.aastocks.com

The IPO of SpaceX (SPCX.US) has attracted more than USD250 billion in subscriptions, way above the USD75 billion the company is seeking to raise and representing 3.5-4x the planned offering size, Reuters reported, citing people with the knowledge of the matter. It is expected to become the largest IPO in history

SpaceX is still in the roadshow stage, sources divulged. Founder Elon Musk briefly joined a Zoom meeting with potential investors, while the company’s president and chief financial officer will host a lunch in Manhattan with around 300 institutional investors.
~

AASTOCKS Financial News
Website: www.aastocks.com

Inflation Rate YoY for May in Mexico is 3.94%, lower than the previous value of 4.45%. The forecast was 4.03%.~



AAStocks Financial News
Web Site: www.aastocks.com

Regarding the view that BYD COMPANY (01211.HK)’s share price and market capitalization are undervalued, Chairman and President Wang Chuanfu said he fully understands shareholders’ concerns about the share price and believes they should have confidence in BYD COMPANY and pursue value investment.

He noted that the biggest bottleneck to BYD COMPANY’s current sales is the production ramp-up of its second-generation Blade Battery, with the company working around the clock to tackle the challenge.

Sales in 2026 will hinge on battery output. After battery capacity is radically released in 2027, both domestic and international markets will expand simultaneously, and sales are anticipated to see humungous growth.
~

AASTOCKS Financial News
Website: www.aastocks.com

Spot USD/CNY added 142 bps to close at 6.7702 today (9th). As of 4:53 pm, USD/CNY in the night session hiked 135 bps. USD/CNH climbed 116 bps to 6.7700, 2 bps above USD/CNY.
~

AASTOCKS Financial News
Website: www.aastocks.com

WeChat announced that it has officially opened its AI ecosystem integration capabilities to developers, allowing them to proactively authorize access to WeChat AI via the mini-program backend.

JD-SW (09618.HK), MEITUAN-W (03690.HK), Didi, TRIP.COM-S (09961.HK), TONGCHENGTRAVEL (00780.HK), Dewu and KFC have successively announced their participation as part of the first batch of beta-testing teams integrating with WeChat AI.

TENCENT (00700.HK) stated that, in order to provide users with a more intelligent interactive experience, the WeChat Open Platform has, while fully respecting developers’ rights and independent choices, offered convenient access to the WeChat AI ecosystem. The capability is currently in the beta testing stage.

The advantage of TENCENT partnering with JD-SW and MEITUAN-W lies in its "ownership of super traffic portals such as WeChat and a decentralized ecosystem", according to a report by National Business Daily citing retail e-commerce expert Zhuang Shuai, founder of Bailian Consulting.

Zhuang predicted that the future AI Agent market will evolve into a multi-polar landscape comprising the Alibaba camp (super agents), the ByteDance camp (traffic-driven), the Tencent camp (ecosystem synergy), and independent service providers.
~

AASTOCKS Financial News
Website: www.aastocks.com

The short-term support factors for gold have weakened compared with the early stage of the rally, Matt Bance, Strategist and Portfolio Manager of Multi-Asset Solutions at T. Rowe Price, stated. Although gold remains appealing over the long term, the balance between risk and return has become more even.

Coupled with uncertainties surrounding Middle East conflicts, the energy market and policy outlook, this may limit gold’s upside in the near term. Therefore, the firm shifted to a more neutral stance in its tactical allocation.

He noted that central bank demand for gold appears to have slowed, while market capital is rotating toward other areas with stronger cyclical and structural growth drivers, such as sectors benefiting from AI.
~

AASTOCKS Financial News
Website: www.aastocks.com

In a macro environment where interest rates have peaked and correlations among traditional assets have broken down, investors can no longer rely on passively holding cash, James Wey, Head of International Wealth Management at KGI, stated. The firm therefore maintained its "LEAD" strategy, namely "Liquidity Shift", "Earnings Focused", "Adding Credit", and "Diversified Assets".

Cusson Leung, Chief Investment Officer of International Wealth Management at KGI, said that, looking ahead to 2H26, China economy is expected to bottom out and stabilize, with the focus shifting from "high growth" to "high visibility". On the back of easing deflation and accommodative policies, he suggested capturing four major opportunities.

First, volatility triggered by trade negotiations presents long-term accumulation opportunities. Second, realization of AI dividends should be accelerated, and large-model giants and robotics companies were favored. Third, the "involution" photovoltaic sector should be shunned and instead wind power and leading lithium battery makers should be deployed. Fourth, narrowing NIM pressure for large state-owned banks highlights their defensive and income-generating value. In summary, "technological innovation" and "green energy" should serve as dual growth engines, with "stable financials" as a defensive cornerstone to achieve steady gains amid market volatility.

KGI maintained its forecast of 30,000 points for the HSI, and recommended CHINAHONGQIAO (01378.HK), SINO LAND (00083.HK), AKESO (09926.HK), COSCO SHIP HOLD (01919.HK), TENCENT (00700.HK), BABA-W (09988.HK), UBTECH ROBOTICS (09880.HK), GOLDWIND (02208.HK), CATL (03750.HK), CCB (00939.HK) and BANK OF CHINA (03988.HK).
~

AASTOCKS Financial News
Website: www.aastocks.com

Alibaba Cloud issued a notice on adjustments to the tiered pricing for its annual and monthly subscription packages of DMS Security Collaboration.

Among them, the price for 1-10 instances of the Security Collaboration package remains unchanged, and the prices for Stable Change Management and Sensitive Data Protection also remain unchanged, at RMB256 per instance per month.

For the 11-50 instance tier, the fee per instance per month has been increased from RMB125-RMB153 to RMB233. For the 51-100 instance tier, the fee per instance per month has been raised from RMB102-RMB122 to RMB212.

For the 101-999 instance tier, the fee per instance per month has been increased from RMB76-RMB102 to RMB193. For 1,000 or more instances, the fee per instance per month has been elevated from RMB60-RMB76 to RMB100.
~

AASTOCKS Financial News
Website: www.aastocks.com

Interest Rate Decision for June 2026 in Indonesia is 5.50%, higher than the previous value of 5.25%.~



AAStocks Financial News
Web Site: www.aastocks.com

Goldman Sachs published a report re-evaluating five key investor debate topics shaping the landscape of China AI models: 1) competitive dynamics between US and China AI models; 2) intensifying price competition among China model providers; 3) exponential Token growth drivers and whether enterprise or consumer-side agents can justify surging Token bills as global consumption scales toward quadrillion-level Tokens; 4) capex/ FCF outlook of hyperscalers; and 5) the form factors of Agentic AI and interference among agents.

The broker forecast that by the end of this year, China daily Token usage will reach 350 trillion (equivalent to 10.5 quadrillion Tokens per month by December 2026). The cloud and data center subsector remains its most favored area for 2H26 (key recommendations remain:BABA-W (09988.HK)(BABA.US) (included in its APAC Conviction List Buy), GDS-SW (09698.HK), VNET Group, Inc. (VNET.US) and KINGSOFT CLOUD (03896.HK)(KC.US)). Despite slower-than-expected existing capacity expansion and ramp-up in 1Q, the broker expects cloud service price hikes and continued Token expansion to drive cloud revenue growth and margin expansion, alongside higher capital expenditure by hyperscalers. It now estimates that ByteDance, Baidu, Alibaba and TENCENT (00700.HK) (BBAT) will record total capex of USD100 billion for full-year 2026, with a higher weighting in 2H, supporting accelerated QoQ growth for data centers in 2H.

Meanwhile, weaker macroeconomic and consumption trends quarter-to-date have led the broker to raise the investment priority of gaming and entertainment to second place (NTES-S (09999.HK) (NTES.US) is a new recommendation, alongside TENCENT (00700.HK)), while downgrading e-commerce and mobility to third place (but it reiterates JD-SW (09618.HK) (JD.US) as a key recommendation for 2H26, as it believes 2Q will mark its toughest YoY comparison quarter, with revenue and profit expected to resume YoY recovery in 2H). Among AI model companies (ranked fourth), it highlighted MINIMAX-W (00100.HK), citing upside potential in annual recurring revenue and an attractive risk-reward skew.

The broker believes BABA-W has bottomed its EPS downgrade cycle (with an inflection in EPS expected in 2H26), while TENCENT has bottomed in valuation multiples (at 12x, already the lowest level among China and global peers during cyclical downturns). These are potential signs of share price support, with an inflection anticipated in 2H26.
~

AASTOCKS Financial News
Website: www.aastocks.com

Wang Chuanfu, Chairman and President of BYD COMPANY (01211.HK), stated that the company’s sales this year will depend on battery production capacity. As battery capacity increases, he believes the company will achieve strong output this year.

Even greater production volume is expected next year. Once capacity ramp-up is completed next year, he expects both domestic and foreign markets to expand simultaneously.

He added that the second-generation Blade Battery and fast-charging technology have addressed a major hiccup in electrification and received high recognition at home and abroad.

However, current production capacity remains insufficient and is increasing at a monthly increment of 20,000-30,000. The company is working around the clock to meet the challenge.

At the same time, it will focus on its battery division, allocate resources accordingly, and fully unlock the production potential of the Blade Battery.
~

AASTOCKS Financial News
Website: www.aastocks.com

BABA-W (09988.HK) stated that it has noted the U.S. Department of Defense has included Alibaba Group into the list of Chinese Military Companies (CMC List). The U.S. Department of Defense is prohibited from procuring, directly or indirectly, goods, services or technology from entities on the CMC List.

The Company believes that its inclusion in the CMC List is a mistake. There is no basis to conclude that Alibaba Group should be placed on the CMC List. Alibaba Group is not a Chinese military company nor part of any military-civil fusion strategy. The Company will take all available legal action against attempts to misrepresent the Company.

Inclusion in the CMC List will not affect the Group’s ability to conduct business as usual in the United States or anywhere in the world because the Group does not do business related to U.S. military procurement. The CMC List does not impose any other export controls or sanctions, nor does it prohibit any persons (other than the U.S. Department of Defense) from business dealings with the Group or transacting in the securities of the Company.
~

AASTOCKS Financial News
Website: www.aastocks.com

NIO-SW (09866.HK) stated that the Company noted that the U.S. Department of Defense has added the Company to its “Chinese military companies” list (CMC List).

The Company believes its inclusion on the CMC List is not justified as it is not a Chinese military company or a military-civil fusion contributor to the Chinese defense industrial base.

The CMC List is not a sanctions list. The U.S. government procurement limitations tied to the list will not impact the business of the Company, and the CMC List does not restrict transacting in the securities of the Company.

The Company will proactively engage with the U.S. Department of Defense to correct this inclusion on the CMC List, including taking legal actions if necessary, to protect the interests of the Company and its shareholders as a whole.
~

AASTOCKS Financial News
Website: www.aastocks.com

BIDU-SW (09888.HK) announced that the Company became aware that the U.S. Department of Defense has published a Notice, Designation of Chinese Military Companies, and pursuant to the Notice, the Deputy Secretary of Defense has included the Company on the Department of Defense’s list of Chinese Military
Companies (CMC List).

As the Company is neither a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base, the Company believes that there is no justification for the Company’s inclusion on such list.

Baidu said that the CMC List is not a sanctions list. The U.S. government procurement limitations tied to the list will not impact the business of the Company, and the CMC List does not restrict transacting in the securities of the Company.
~

AASTOCKS Financial News
Website: www.aastocks.com