Abstract: We analyzed the consensus earnings revisions of HSI component stocks for August 2026, finding that the index's 2026E EPS rose 0.50% month-on-month to HK$2,164, even as the HSI index itself declined 1.2% to 25,585. Among the 83 constituents reviewed, 49 stocks saw upward EPS revisions versus 34 downward, with individual stock EPS changes attributing HK$10.0 to the index's EPS movement. The largest positive contributors to index EPS were CHINA LIFE (+HK$5.6), CK HUTCHISON (+HK$4.1), and PING AN (+HK$2.7), while the biggest drags were Kuaishou (-HK$7.1), XIAOMI (-HK$3.7), and BIDU (-HK$2.6). On a stock-level basis, the steepest EPS upgrades went to LI AUTO (+225%), BEONE MEDICINES (+36.2%), and SMIC (+31.4%), while XINYI SOLAR (-44.9%), Kuaishou (-34.3%), and Pop Mart (-17.7%) saw the sharpest cuts.
XINYI SOLAR, BIDU, CSPC PHARMA, Kuaishou, Pop Mart Intl, SHENZHOU INTERNATIONAL
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