Abstract: We analyzed consensus earnings revisions for HSCEI component stocks in September 2026, and estimated the index's 2026E EPS at HK$794.5 as of end-September, down 1.6% from HK$807.6 in August. The HSCEI index fell 4.1% over the month from 8,513 to 8,166, with 23 stocks revised up against 23 revised down, and individual stock EPS revisions contributed -HK$0.608 to the total index EPS change. ICBC was the largest positive contributor to index EPS at +HK$4.7, followed by NTES at +HK$2.4, while PING AN (-HK$3.5), BIDU (-HK$3.1), and CCB (-HK$2.3) were the largest detractors. At the individual stock level, LI Auto led EPS upgrades at +44.3%, followed by Horizon Robotics at +26.9% and Meituan at +13.6%, while Baidu saw the steepest EPS cut at -4.76%, followed by Xiaomi at -4.58%.
MEITUAN, SHENZHOU INTERNATIONAL, AKESO, CHINA RESOURCES LAND, TRIP.COM, PING AN
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