Daily Brief China: Wharf Real Estate Investment, Hong Kong Hang Seng Index, Unisound AI Technology and more

In today’s briefing:

Wharf REIC 1997HK: Should We Bet on HK Luxury Retail? Lack of Catalyst & Weak Chinese Spending Power
EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades-Summer Lull
Unisound AI Technology IPO: Speech Recognition AI Unicorn And Developer of LLM UniGPT

Wharf REIC 1997HK: Should We Bet on HK Luxury Retail? Lack of Catalyst & Weak Chinese Spending Power

In this insight, we conducted fundamental analysis on Wharf REIC . It has a simple business model that it operates key malls in HK including Harbour City and Times Square
Macro-Wise, despite Wharf REIC should be seeing a recovery trend in terms of retail sales, the weak Chinese economy could pose concern on Wharf REIC’s retail sales
Wharf REIC is also facing several headwinds such as high interest cost and weak office market in Hong Kong. We view the re-rating potential limited despite attractive valuation

Founded in 2012, Unisound AI Technology is a Beijing-based pioneer in Artificial General Intelligence (AGI). The company offers easy-to-deploy AI products and solutions in China.
Unisound AI Technology seeks to raise capital for R&D activities, international expansion, and general working capital purposes. The company chose CICC and Haitong to tap capital markets with HK IPO.
I like growing brand recognition, in-house 60B-parameter LLM UniGPT, high growth in the Smart Life segment, and the opportunity to sell self-developed proprietary AI chips in China.

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