AGP Executive Report
Last update: 9 hours agoHong Kong IPO Watch: Chinese autonomous driving firm Momenta kicked off bookbuilding for a HK$5.89b (US$751m) Hong Kong listing, pricing at HK$295.60 per share and targeting a July 8 debut, with proceeds split mainly between R&D and Robotaxi rollout. Aviation & Trade: China Southern became the first Chinese customer for Boeing’s 777-8F, ordering five 777-8Fs plus two 777Fs (with options), citing cross-border e-commerce growth and the Greater Bay Area. Market Mood: Asian stocks were mixed as AI-related share selling weighed on Japan and South Korea, while oil edged up after US-Iran agreed to halt strikes and resume talks. Retail Earnings: Sa Sa International reported a 160.5% jump in annual profit to HK$200.5m, driven by a shift toward online sales and a Mainland China store shutdown. AI in Marketing: Yeahka subsidiary Chuangxinzhong topped ByteDance’s Jichuang 2.0 partner rankings by model consumption, reporting a 116% year-on-year rise in usage. Sustainability Tech: HKRITA said its Green Machine Circular Textile Ecosystem is moving toward large-scale blended textile recycling via partnerships with Jeanologia and Looptworks. Regional Capital Push: Bahrain is deepening its Hong Kong presence to attract mainland China capital, highlighting stablecoin and family office tokenisation licensing. Energy & Geopolitics: Oil prices rose on renewed Strait of Hormuz shipping risk, even as the US and Iran move toward renewed negotiations.
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