PRE-MARKET HONG KONG STOCKS NEWS: CTF Services (659 HK) FY26 (HKD) net rose 11% Y/Y to 2.39bln (exp. 2.64bln), rev. rose 12% Y/Y to 27.1bln (exp. 25.5bln); Mainland Chinese markets are closed for holiday
Pre-market Hong Kong wraps of this kind are a grab-bag, and with mainland exchanges shut the liquidity backdrop is thin, so single-stock prints tend to dominate what little price discovery occurs.
PRE-MARKET HONG KONG STOCKS NEWS: CTF Services (659 HK) FY26 (HKD) net rose 11% Y/Y to 2.39bln (exp. 2.64bln), rev. rose 12% Y/Y to 27.1bln (exp. 25.5bln); Mainland Chinese markets are closed for holiday
PRE-MARKET SINGAPORE STOCKS NEWS: Quiet newsflow and Taiwan markets are closed for holiday
Brazil's President Lula will sign personal debt refinancing measure and measure banning online gambling
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CTF Services (659 HK) - Co. FY26 (HKD) net rose 11% Y/Y to 2.39bln (exp. 2.64bln), rev. rose 12% Y/Y to 27.1bln (exp. 25.5bln). (Newswires)
XtalPi (2228 HK) - Co. submitted an IND application to the US FDA for KQTD-126 for chronic intestinal pain associated with IBS and IBD. (Newswires)
Automakers - Chinese EV makers and battery manufacturers are negotiating over which party should bear a resumed consumption tax, highlighting pressure on automakers amid weak domestic demand. (SCMP)
Other News
US President Trump welcomed Chinese President Xi to the White House and described his relationship with Xi as "truly great". Trump said they are encouraging a more balanced trading relationship with China and will discuss security, tech and AI, while adding that decisions made today can promote peace. (Newswires)
US President Trump said it is a big day with Chinese President Xi, adding that Super Intelligence will be a big topic of discussion, but he wants to leave it exactly where it is, and that is also China's position, saying "our guardrail is the DoJ". (Newswires)
US President Trump said following his meeting with Chinese President Xi that they had a great meeting, while Xinhua reported that the leaders held a small-scale exchange. (Newswires)
Chinese President Xi said US-China interests must be aligned and that they are willing to cooperate to counter narcotics, while China will be sending two pandas to the US. (Newswires)
US Democratic Senator Slotkin said she would try to get approval for a Chinese car ban on Thursday and believed only one Senator opposes it. (Newswires)
The CTF Services read is the classic mixed print: revenue ahead of consensus with profit below, a combination that historically focuses attention on margin commentary and any dividend signal rather than the headline growth rates, particularly for a Hong Kong-listed services name where payout expectations carry the multiple. The EV consumption-tax negotiation between automakers and battery makers is a familiar cost-allocation dispute in a weak domestic demand environment; in past episodes of policy cost reimposition, the party with pricing power has passed it through, and the margin question lands on whichever segment cannot. The XtalPi IND filing is routine pipeline progression for a clinical-stage name, moving the stock on the event itself rather than on fundamentals for some time. The Trump-Xi readout is atmospherics rather than deliverables, with warm language and no announced framework; prior episodes of cordial summitry have tended to trade on the follow-on specifics, tariff schedules, export-control lists, and any legislated action such as the mooted Chinese vehicle ban, rather than on the tone of the meeting itself. Worth noting is that a holiday-thinned Hong Kong session often exaggerates opening moves that retrace when mainland participation resumes.
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