Anta Sports Products Ltd (2020.HK)

Anta Sports Products, Ltd., which runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and Amer Sports, reported increase YoY retail sales in 2QFY23, in terms of retail value.

Fila brand retail sales posted high-teens positive growth in the quarter compared to the year-ago period. All other brands, including Descente and Kolon Sport but excluding Amer Sports Corp.’s businesses under Amer Sports Holding (Cayman) Ltd.’s joint venture, saw retail sales of all other branded products increase 70%-75% YoY.

AIA Group Ltd (1299.HK)

AIA Group Ltd has increased its holdings in Monster Beverage Co. by 91.6%. The move, disclosed in the company’s most recent Form 13F filing with the Securities and Exchange Commission, showcases AIA Group Ltd’s belief in the potential of Monster Beverage and its dedication to long-term investments.

Monster Beverage Corporation is a multinational company known for its development, marketing, sale, and distribution of energy drink beverages and concentrates across various markets. With a strong presence both domestically and internationally, the company operates through three segments: Finished Product, Concentrate, and Other.

Wynn Macau Ltd (1128.Hk)

Wynn Macau Ltd says it has signed a strategic cooperation agreement with Preferred Hotels & Resorts to add its Macau properties, Wynn Macau and Wynn Palace, to the Preferred Hotels & Resorts Legend Collection. Preferred Hotels & Resorts is described as the world’s largest independent hotel brand, representing more than 650 distinctive hotels, resorts, residences and unique hotel groups across 80 countries. This collaboration represents the first time it has entered the Macau market.

“As Macau’s economy recovers and the number of mainland Chinese and overseas arrivals increase, Preferred Hotels & Resorts will provide Wynn with additional regional and global marketing support, including strategic sales solutions, global connectivity through reservations services, progressive distribution technology, individualized guest support and much more,” Wynn said.

Lenovo Group (992.HK)

Lenovo announced its next wave of data management innovation with new ThinkSystem DG Enterprise Storage Arrays and ThinkSystem DM3010H Enterprise Storage Arrays, designed to make it easier for organizations to enable AI workloads and unlock value from their data.

Also announced are two new integrated and engineered ThinkAgile SXM Microsoft Azure Stack solutions, enabling a unified hybrid cloud solution for seamless data management. As businesses continue to scale their operations to address growing data, security and sustainability requirements, the new Lenovo flash solutions provide customers with an accelerated path to deploy AI workloads efficiently and with added security features from edge to cloud, enabling workload consolidation and mobilizing faster insights fortified with ransomware protection.

Xinyi Glass Holdings Ltd (868.HK) / Xinyi Solar Holdings Ltd (968.HK)

Indonesian President Joko Widodo said the country is exploring cooperation with the Xinyi Group, the world's largest glass company in China, which is interested in investing in Rembang, Batam, Riau Islands. He also mentioned that Xinyi Group is planning to build the second-largest glass factory in the world in Indonesia, second only to its main facility in China.

Xinyi Group, the parent company of Xinyi Glass and Xinyi Solar, is a Hong Kong-based multinational with operations worldwide.

Source: Rakuten Research - 26 Jul 2023

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