To The Moon

▶ $GEELY AUTO(00175)$ : announced a record 1H revenue that rose 15% versus the previous year, as 2Q profits surged 36% to 4.9 billion yuan (USD 727 million) on exports that more than doubled to offset the weakening domestic demand

🌐Overseas sales surged 157.6% to 474,228 vehicles, with monthly volume exceeding 100,000 for the first time in June. Domestic sales, by contrast, fell 22.6% to 948,730 vehicles (CNEVPost)

Separately, the company announced that founder Li Shufu will step down as chairman and executive director and succeeded by Geely Holding CEO An Conghui

Analysts are expecting the new management to further strengthen Geely Auto's corporate governance and reinforce Geely Automobile Holdings (175.HK) as the group's core listed platform

Geely shares are trading 0.3% high to HKD 18.34 as of 935AM

The stock's trailing price-earnings ratio sits at 10x, well below both peers and the wider Asian auto sector (Simply Wall Street)

✳✴Investors keen to trade the share price moves in Geely shares can consider using either trending call $Geely MB eCW261103(IMOW.SI)$ (https://warrants.com.sg/tools/livematrix/IMOW) or trending put warrant $Geely MB ePW261005(93ZW.SI)$ (https://warrants.com.sg/tools/livematrix/93ZW) which will move 5 to 7 times more than Geely shares while requiring a smaller capital outlay compared to trading the underlying shares directly

▶ $XIAOMI-W(01810)$ : its 2Q results were mixed, with its CNY108.9 billion revenue slightly ahead of consensus but a slight miss on gross margins which slid to 19.8% from 22.5% during last year's 2Q and the 22% in the previous quarter

Its 2Q smartphone revenue which declined 7.5% versus the previous year was not as bad as feared

Xiaomi has been among the biggest casualties of the ongoing global memory chip crunch. Leading suppliers including Samsung Electronics Co. and SK Hynix Inc. have prioritized manufacturing of advanced chips in data centers for AI work, sparking a shortage of conventional memory products and pushing up costs (Bloomberg)

Xiaomi's management said near-term pressure from costs, demand recovery and competition is likely to continue

They lowered their FY26 EV sales target to a “conservative” 450k units, 18% below the previous 550k target and below consensus' 500k units

🔝Despite the overnight 1.6% drop in Xiaomi's US-listed ADR, Xiaomi shares listed in Hong Kong have rallied 4.4% this morning as of 940AM to HKD 27.34 while Xiaomi call warrants are amongst this morning's top gainers with gains between 17% to 29% versus Xiaomi's 4% gain