EUR/USD
1.15370
-0.038%
Gold
4402.46
0.788%
Oil
82.260
0.091%
USD/JPY
159.320
0.014%
GBP/USD
1.35093
0.016%
GBP/JPY
215.235
0.030%
Real-time News
Cheung Kong Infrastructure Holdings Limited (01038.HK): Net profit for the first half of the year was HK$21.252 billion, up 389% year-on-year; net cash holdings at the end of Q2 were HK$33.9 billion.August 12th - According to statistics from the Guangdong Branch of the General Administration of Customs, in the first seven months of this year, Guangdongs foreign trade import and export reached 6.49 trillion yuan, a year-on-year increase of 20.5%, accounting for 21.6% of the national total and contributing 24.9% to the national import and export growth. Guangdongs import and export scale continues to rank first in the country. Specifically, exports reached 3.8 trillion yuan, an increase of 10.8%; imports reached 2.69 trillion yuan, an increase of 37.4%; and the trade surplus was 1.11 trillion yuan, narrowing by 24.5%. Looking at the monthly data, the import and export scale has maintained double-digit growth from January to July this year. In July alone, Guangdongs import and export reached 1.01 trillion yuan, an increase of 19%, maintaining its position above one trillion yuan after breaking the one trillion yuan mark for the first time in June. Specifically, exports reached 582.48 billion yuan, an increase of 7%; and imports reached 423.46 billion yuan, an increase of 40.7%.Tencent Holdings (00700.HK) announced that in the second quarter of 2026, the Group recorded negative free cash flow of RMB13.8 billion. This was due to net cash generated from operating activities of RMB52.7 billion, which was over-offset by capital expenditure payments of RMB59.3 billion, media content payments of RMB5 billion, and lease liability payments of RMB2.2 billion. Our operating cash flow includes substantial AI-related prepayments used to provide infrastructure to support Hy model upgrades, WorkBuddy and CodeBuddy inference needs, WeChat AI initiatives, and the development of AI capabilities for our various products and services, while also meeting the continued growth in demand for our cloud services from external customers. Excluding prepayments for computing power procurement, our free cash flow was RMB37.6 billion.The onshore yuan closed at 6.7456 against the US dollar at 16:30 on August 12, up 1 point from the previous trading day.On August 12th, a research report from Yide Futures pointed out that ships passing through the Strait of Hormuz and the Bab el-Mandeb Strait have recently encountered frequent attacks, increasing navigational risks. Shipping data shows that only 6 ships passed through the Strait of Hormuz on Monday (August 10th), and the daily number of ships passing through has been 11 over the past 10 days, significantly lower than the normal level of 125-140 ships. Our tracked shipping data also shows that both Middle Eastern seaborne exports and imports from the four Asian countries (China, Japan, India, and South Korea) have declined compared to the previous month. Considering that Saudi Arabia and the UAE are using pipeline detours, it is estimated that the Strait of Hormuz only needs to recover to 70% to be considered normal, but the current navigation situation is far below the pre-war 70%. Our valuation model shows that WTIs valuation remains around $76/barrel, and the current geopolitical premium has returned to $7/barrel. Overall, under the influence of geopolitical disturbances, oil prices will continue to exhibit high volatility and wide-range fluctuations. (This content and opinion are for reference only and do not constitute any investment advice.)
