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Xiaomi Shares Soar Nearly 9% as Investors Get Set for Thursday Debut of Its New N90 and N70 SUV Cars

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Shares of Xiaomi jumped 8.95% on Wednesday to close at 31.88 Hong Kong dollars, adding 2.62 Hong Kong dollars, as investors positioned ahead of the Chinese technology company’s launch event for two new sport utility vehicle models scheduled for Thursday.

The rally builds on gains from earlier in the week, with Xiaomi shares having already climbed as much as 7.7% on Monday to reach their highest level since June 3, according to trading data. The company confirmed that its Pengcheng launch event will take place Thursday, featuring the debut of two new SUV models, the N90 and N70, marking Xiaomi’s latest push to expand its rapidly growing electric vehicle business beyond its origins as a smartphone and consumer electronics maker.

Xiaomi entered the automotive market relatively recently, launching its first vehicle, the SU7 sedan, roughly two years ago after building its business for more than a decade primarily around smartphones, household appliances and other smart consumer devices. Since then, the company has moved aggressively to expand its vehicle lineup, with the upcoming N90 and N70 SUVs representing its latest step toward becoming a more diversified automaker alongside established Chinese electric vehicle players.

Xiaomi’s push into the SUV segment follows months of steady delivery growth for the company’s existing vehicle lineup. The company reported its third consecutive month of surpassing 30,000 monthly vehicle deliveries in June, with cumulative shipments from January through June totaling more than 180,000 units, according to data cited by Citi. That figure represented approximately 33% of Xiaomi’s full-year 2026 delivery target of 550,000 vehicles, leaving the company on a pace that analysts have described as broadly consistent with meeting its annual goal, particularly with additional models like the N90 and N70 set to expand its addressable market.

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Citi analysts have suggested that Xiaomi’s stock could see further gains in the weeks ahead tied specifically to the rollout of its new SUV models, including a previously announced luxury SUV called the YU9, which the bank said could support a rebound in shares following its expected launch. Analysts have also pointed to broader dynamics within China’s memory chip sector as a potential additional tailwind for Xiaomi shares, given the company’s investment ties to the domestic chip industry.

That connection was highlighted earlier this week when CXMT, a Chinese memory chip manufacturer backed in part by Xiaomi, made its trading debut and saw its shares soar more than 500% on the first day of trading, instantly establishing the company as the fourth-largest global producer of dynamic random access memory chips by market position. The blockbuster debut for CXMT appeared to provide an additional boost to sentiment around Xiaomi more broadly, given the strategic relationship between the two companies.

Xiaomi’s broader business results have shown substantial growth over the past year even as the stock’s performance has been volatile. The company’s full-year 2025 results showed earnings per share of 1.62 Chinese yuan, up from 0.95 yuan in the prior year, while revenue climbed 25% to 457.3 billion yuan and net income rose 76% to 41.6 billion yuan, pushing the company’s profit margin up to 9.1% from 6.5% a year earlier.

Even so, some analysts have grown more cautious on the company’s near-term earnings trajectory in recent weeks. Consensus forecasts for Xiaomi’s fiscal 2026 earnings per share have been revised downward, with the current outlook calling for 1.13 yuan per share, down from an earlier estimate of 1.56 yuan, while the 2026 revenue forecast has been trimmed to approximately 501.1 billion yuan from a prior estimate of 544.6 billion yuan. Net income for the coming year is now forecast to shrink 29%, a notable divergence from the roughly 32% growth rate currently projected for the broader technology industry in Hong Kong. Analyst consensus price targets have also moved lower in recent weeks, dropping to 44.67 Hong Kong dollars from a previous target of 47.84 Hong Kong dollars.

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Despite those more cautious revisions, Xiaomi’s stock has still delivered strong returns to shareholders over a longer time horizon, with total returns of approximately 128% over the past three years, according to recent analyst compilations, even as the shares have experienced significant volatility along the way, including a period earlier this year when the stock was down more than 34% on a year-to-date basis before staging a substantial recovery.

Wednesday’s gains for Xiaomi came alongside broader strength across Hong Kong’s technology sector, with the Hang Seng Index opening higher and the Hang Seng Tech Index climbing more than 1% at the start of the session. Other major Chinese technology names also advanced, including Tencent, Alibaba, Meituan and JD.com, reflecting a generally positive tone across Hong Kong-listed technology stocks even as investors continued to monitor broader volatility in global semiconductor markets tied to concerns about artificial intelligence infrastructure spending.

Investors are expected to closely watch Thursday’s Pengcheng event for further details on pricing, specifications and expected delivery timelines for the N90 and N70 models, which will offer the clearest signal yet of how aggressively Xiaomi intends to compete against established rivals in China’s crowded and rapidly evolving electric vehicle market.

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Thailand News Update: Crime and Security Concerns

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Major Events in Politics, Economy, Tourism, and Society

Thailand has been at the center of a diverse array of news stories spanning crime, technology, economic policy, and cultural events. This roundup captures the most significant developments shaping the nation’s current landscape.

Crime and Security Concerns

A disturbing kidnapping case has dominated headlines this week. Three Indian tourists were lured to Thailand through a cheap travel package and subsequently kidnapped in Pattaya, with captors demanding a ransom of Rs 69 lakh (approximately Rs 40 lakh each). Authorities arrested five suspects—four Pakistani nationals and one Indian—in connection with the abduction. Reports indicate the victims were tortured during captivity, and investigators are now scrutinizing a Pakistan-linked mastermind believed to be operating from Dubai. This incident has drawn widespread media attention across Indian and Thai outlets, highlighting ongoing concerns about tourist safety and cross-border criminal networks targeting foreign visitors.

In a separate troubling development, five soldiers were killed in an attack on a checkpoint in southern Thailand, underscoring persistent security challenges in the region. Additionally, Thailand has formally requested that Malaysia deny safe haven to southern insurgents, reflecting continued efforts to address cross-border militant activity.

On the international front, China has asked Thailand to deport a Chinese journalist, prompting human rights organizations to raise concerns about potential persecution. Similarly, Human Rights Watch has urged Thailand not to forcibly return Chinese dissidents, adding to scrutiny of the country’s approach to politically sensitive extraditions.

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Economic and Technology Initiatives

Thailand is positioning itself as a significant player in the semiconductor industry through its newly unveiled “Siam Silica” framework, an ambitious plan designed to establish the country as a regional chip manufacturing hub. According to Thailand Business News, this initiative aims to anchor ASEAN’s supply chain future by attracting investment in chips, talent development, and technology infrastructure, with targets set for 2030.

The country’s digital economy also faced setbacks, as Thailand’s Securities and Exchange Commission filed a criminal complaint against cryptocurrency exchange Bitkub, alleging the company concealed a cyberattack that resulted in losses exceeding $47 million. Separately, cybersecurity researchers revealed that hackers deployed an autonomous AI agent to spy on Thailand’s Ministry of Finance, signaling growing concerns about AI-powered cyber threats targeting government institutions.

On a more positive note, Thailand’s AI adoption rate has surged to 43%, though many firms reportedly continue to struggle with full-scale implementation. The nation is also advancing in the regional AI supply-chain race, reinforcing its ambitions in emerging technology sectors.

Trade and Infrastructure Developments

Thailand’s trade relationships remain in flux. The government is seeking 78 additional US tariff exemptions for key export goods, while simultaneously working toward finalizing an EU trade deal by September, as it recalibrates its diplomatic and economic ties with Beijing. Thai exports are expected to face pressure from new US tariffs, prompting the Commerce Minister to outline strategies for navigating this “tariff storm.”

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In infrastructure news, Thailand has abandoned its long-discussed “Land Bridge” project connecting the Gulf of Thailand to the Andaman Sea, following reviews that flagged weak financial returns and environmental risks. Instead, the government is pushing forward with a 27-billion-baht rail link to achieve similar connectivity goals through alternative means.

Tourism and Cultural Notes

Tourism remains a vital economic pillar, with Thailand’s 30-day visa-free entry policy for Indian tourists expected to drive a record 2.7 million visitors. This aligns with Bloomberg’s earlier reporting that Thailand scrapped plans to end visa-free entry for Indian tourists, reversing an earlier policy consideration.

However, tourist experience challenges persist, as travelers reported three-hour immigration queues at Thailand’s largest airport. Meanwhile, Thailand has enforced a two-day alcohol sales ban during Buddhist holidays (July 29-30), a recurring measure tied to religious observances.

In entertainment and culture, an Italian student group issued a public apology after an incident on a Bangkok train sparked outrage among Thai citizens, reflecting ongoing sensitivities around tourist behavior and cultural respect.

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Tragic Events and Investigations

Thailand continues to grapple with the aftermath of a devastating Bangkok pub fire that killed at least 27-28 people, one of several significant fatal fires reported in the country recently. Investigations into the causes and safety violations remain ongoing.

Separately, authorities confirmed that a missing Thai travel vlogger, known as “Hlun Solo,” was found dead in Tbilisi, Georgia, while Russian siblings who went missing had their motorcycle discovered buried, raising further questions in an unresolved case.

Regional Diplomacy

Thailand continues reinforcing its border fence with Cambodia following clashes in 2025, while Cambodia has proposed a three-track strategy for achieving lasting peace between the two nations. These developments reflect the delicate diplomatic balance Thailand must maintain with neighboring countries amid historical tensions.

Conclusion

Thailand’s news landscape reflects a nation balancing significant security challenges, ambitious economic transformation, and its enduring role as a global tourism destination, all while navigating complex regional and international relationships.

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Source : Google News – Search

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Airbus profits rise amid demand for commercial aircraft

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The jet maker also reported a ‘strong’ half-year performance in its defence and space arm

The Airbus production site in Filton, Bristol

Airbus production site in Filton, Bristol.(Image: Rowan Griffiths)

Aerospace giant Airbus has seen orders for its commercial aircraft soar in the first half of the year against a backdrop of a “complex and fast-changing environment”, it said.

Consolidated revenues at the plane maker, which has UK bases in Filton near Bristol and Broughton in North Wales, increased 12 per cent year-on-year to €33.2bn for the six months to the end of June.

Adjusted EBIT – a measure of performance – totalled €2.7bn for the period, up from €2.2bn the year before.

A total of 351 commercial aircraft were delivered over the period, comprising 44 A220s, 271 A320 Family, 10 A330s and 26 A350s.

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Revenues generated by the company’s commercial aircraft activities increased 15 per cent to € 23.9bn, mainly reflecting the higher deliveries and increased services, and were partially offset by the US dollar’s depreciation compared to H1 2025.

Meanwhile, Airbus Helicopter deliveries increased to 144 units – from 138 units in the same period in 2025.

“Our good H1 results mainly reflect the higher level of commercial aircraft deliveries and strong performance in Defence and Space, against the backdrop of a complex and fast-changing environment,” said Guillaume Faury, Airbus chief executive.

Gross commercial aircraft orders totalled 886 – up from 494 aircraft in the first half of 2025 – with net orders of 821 aircraft after cancellations.

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The order backlog amounted to 9,222 commercial aircraft, while Airbus Helicopters registered net orders totalling 215 units with a backlog of 1,108 units.

Airbus Defence and Space, meanwhile, had an order intake value reaching €9.3bn, rising from €5.1bn a year earlier.

Elsewhere, the company said its A220 ramp-up was “ongoing”, with the company targeting a monthly production rate of 13 aircraft in 2028.

On the A320 family, airbus said it continued to expect to reach a rate of between 70 and 75 aircraft a month by the end of 2027. It is also targeting a rate of five for the A330 programme in 2029 and rate of 12 for the A350 programme in 2028.

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“We are ramping up across all businesses to meet the growing demand for our civil and military solutions,” added Mr Faury.

“Our focus on steady execution is paying off, as demonstrated by strong deliveries in Q2. This fuels our confidence in our future performance, as reflected in the recently-communicated mid-term outlook.”

Airbus said its 2026 guidance is based on no additional disruptions to global trade or the world economy, air traffic or the supply chain. It includes the impact of currently applicable tariffs.

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Tencent Shares Surge 4.3% to 466.40 HKD on AI Progress Ahead of Key Earnings Report

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The logo of Tencent is seen at Tencent office in Shanghai, China December 13, 2021.

HONG KONG — Shares of Tencent Holdings Ltd. rose 4.29% on Wednesday to close at 466.40 Hong Kong dollars, gaining 19.20 dollars, as investors showed renewed interest in the Chinese technology giant‘s artificial intelligence initiatives and its upcoming midyear results.

The advance lifted the stock from recent lows and marked one of its stronger sessions in recent weeks. Trading volume was solid, with the shares touching an intraday high of 469.40 dollars before settling. The move came against a backdrop of broader recovery in some Hong Kong-listed technology names after a period of volatility.

Tencent, the operator of the ubiquitous WeChat messaging platform known as Weixin in mainland China, has faced pressure on its share price over the past year. The stock remains well below its 52-week high near 683 dollars reached in late 2025 and has declined about 16% over the past 12 months. Concerns have centered on the pace of monetization for heavy AI spending and shifting investor preference toward pure-play AI developers.

The company has responded in part with consistent share buybacks. Tencent has been repurchasing shares on most trading days in recent months, providing a measure of support during the selloff that erased substantial market value since the October peak.

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Attention is now turning to the second-quarter earnings report scheduled for Aug. 12. Analysts will scrutinize progress in gaming, advertising, fintech and cloud services, as well as updates on AI-related capital expenditure and product traction.

In its first-quarter results released in May, Tencent reported revenue of 196.46 billion yuan, up 9% from a year earlier. Gross profit rose 11%, and the company highlighted early gains from new AI offerings alongside steady performance in core businesses.

Chairman and Chief Executive Ma Huateng said at the time: “We started 2026 by making significant initial progress on our new AI products, as well as continuing to utilise AI to grow our existing core businesses. The Hy3 preview model, built by our revamped team of AI researchers on re-architected AI infrastructure, is a leader in its parameter size class, delivering practical utility and cost efficiency, and has been top ranked in OpenRouter token measurements since April 28. Our productivity AI agent solutions have attained early traction, and we believe that our WorkBuddy is currently the most widely used productivity AI agent service in China. Our core businesses continued to grow their engagement, revenue and profit, providing the cash flow to fund our AI investments, as well as use cases for future AI deployment.”

The comments underscored Tencent’s dual strategy of embedding AI into its vast existing ecosystem while developing standalone models and agents. WeChat’s more than 1.4 billion monthly active users provide a ready distribution channel for AI features, including assistants that can interact with mini-programs, payments and content.

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Tencent has been testing AI agents within WeChat and expanding capabilities in advertising technology, game development and enterprise tools. Its cloud business has also shown improving growth as customers adopt multi-cloud strategies. Management has indicated plans to increase AI-related investment substantially in 2026, building on spending levels already elevated in the prior year.

The stock’s recent path has reflected the tension between these long-term bets and near-term profitability optics. After a sharp decline in late July triggered partly by market rotation and questions about gaming revenue trends, shares have staged a partial recovery. Analysts at major firms have generally maintained constructive ratings, citing the resilience of Tencent’s cash-generative businesses and the potential for AI to enhance advertising targeting, user engagement and new service revenue over time.

Gaming remains a cornerstone, with evergreen titles continuing to drive engagement and monetization. Marketing services benefit from AI-powered improvements in matching and content creation. Fintech and business services, including payments and cloud, provide diversification.

Market participants note that Tencent’s valuation has compressed relative to historical averages and some global peers, trading at a price-to-earnings multiple in the mid-teens on a trailing basis. Average analyst price targets imply meaningful upside from current levels, though realization depends on execution in AI and sustained growth in traditional segments.

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Hong Kong’s technology sector has experienced mixed performance in 2026, influenced by domestic economic conditions, regulatory developments and global shifts in AI investment narratives. Tencent’s scale and ecosystem advantages position it differently from pure model companies, potentially allowing it to capture value through product integration rather than solely through model leadership.

Share buybacks have been a consistent feature of capital return policy. The company has also maintained a net cash position that supports both investment and shareholder returns. Upcoming results will offer a clearer view of second-quarter trends in domestic and international gaming, advertising recovery and the early commercial impact of AI tools.

For investors, Wednesday’s advance reflected a combination of technical rebound, optimism around AI product momentum and positioning ahead of the earnings release. Whether the gains can be sustained will hinge on concrete evidence that AI investments are translating into measurable user adoption and revenue contributions without excessively diluting margins.

Tencent continues to navigate a competitive landscape that includes other major Chinese technology groups accelerating their own AI efforts. Its ability to leverage the WeChat platform for rapid deployment of agentic tools remains a key differentiator. At the same time, the company must balance aggressive spending on talent, infrastructure and research with the expectations of shareholders focused on profitable growth.

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As the market awaits the August results, the stock’s performance on Wednesday provided a snapshot of shifting sentiment. The 4.29% rise brought the shares higher on the day and offered a measure of relief after weeks of choppy trading. Further direction is likely to be shaped by the detailed financials and management commentary due in less than two weeks.

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Adidas shares slide record 17% as profit miss taints sales upgrade

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Adidas shares slide record 17% as profit miss taints sales upgrade

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MediaAlpha, Inc. (MAX) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript