PRE-MARKET CHINESE STOCKS NEWS: Earnings from Alibaba and CK Hutchison

Alibaba Group (9988 HK) - Co. Q3 (CNY) net fell 67% Y/Y to 16.3bln (exp. 25.7bln), rev. rose 2% Y/Y to 284.8bln (exp. 285.9bln), China e-commerce group revenue rose 6% Y/Y, cloud intelligence unit revenue rose 36% Y/Y, Co. said AI is and will continue to be a primary growth engine and that rapid growth in AI and cloud gives confidence to scale investments, while it targets USD 100bln in annual cloud and AI revenue. (Dow Jones Newsplus)

BOC Aviation (2588 HK) - Co. FY (USD) net 787.0mln (prev. 924.0mln Y/Y), rev. 2.6bln (prev. 2.6bln Y/Y). (Newswires)

BYD Co. (1211 HK) - Co. said it will invest in an R&D centre in Brazil as part of its LATAM expansion plan. (Newswires)

Cheung Kong Property Holdings (1113 HK) - Co. FY (HKD) net 10.9bln (prev. 12.7bln Y/Y), rev. 57.9bln (prev. 59.6bln Y/Y). (Newswires)

CK Hutchison Holdings (1 HK) - Co. FY (HKD) net fell 30.7% Y/Y to 11.8bln (exp. 21.7bln), EBIT 57.6bln (exp. 59.3bln), rev. rose 6% Y/Y to 507.3bln (exp. 483.5bln), Panama’s government strongly rejected statements by the Co. and unit regarding cancelled port contracts, calling them “fallacious and libellous” and accusing the Co. and affiliates of refusing to cooperate and concealing information. (Newswires)

MGM China Holdings (2282 HK) - Co. FY (HKD) net 5.1bln (prev. 5.4bln Y/Y), EBITDA rose 10% Y/Y to 10.0bln, rev. 34.8bln (prev. 34.8bln Y/Y). (Newswires)

Samsonite International (1910 HK) - Co. FY (USD) net 289.0mln, EBITDA fell 11.2% Y/Y to 607.0mln, rev. fell 2.5% Y/Y to 3.5bln; Co. returned to positive net sales growth in Q4 (+2.2% reported, ~+1% constant currency) with gross margin at 60.3% and EBITDA margin ~20.3%, while the board chairman is set to retire. (Newswires)

Stella International Holdings (1836 HK) - Co. FY (USD) net 137.0mln (prev. 139.0mln Y/Y), EBIT 149.0mln (prev. 150.0mln Y/Y), rev. 1.6bln (prev. 1.6bln Y/Y). (Newswires)

Sun Hung Kai & Co. (0086 HK) - Co. FY (HKD) net 1.6bln (prev. 377.0mln Y/Y), rev. 3.7bln (prev. 3.7bln Y/Y). (Newswires)

Other News

PBoC reiterated it is to continue implementing a moderately accommodative monetary policy and will use RRR and MLF to ensure sufficient stability. PBoC said it will maintain stable equity, bond and FX markets, while it will deepen financial opening up and strengthen financial services for key areas, as well as actively defuse risks. (Newswires)

PBoC Governor Pan met with Hong Kong Financial Secretary Chan and discussed the current macro economy, deepening mainland-Hong Kong financial connectivity, strengthening the offshore RMB market and enhancing HK's status as an international financial centre. (Newswires)

US President Trump said he is going to China very quickly and that Japan has an "edgy" relationship with China, while he added that the China trip has been reset and is postponed for about a month and a half. (Newswires)

China's Commerce Ministry said regarding the proposed US-China board of trade and investment that both sides agreed in Paris to study a framework, while MOFCOM also commented on reports of NVIDIA (NVDA) H200 purchases that they are not aware of the situation. (Newswires)