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U.S. S&P 500 futures flat; Nasdaq-100 futures down 0.3%; Dow Jones futures up 0.2%.

2026-08-28

U.S. S&P 500 futures flat; Nasdaq-100 futures down 0.3%; Dow Jones futures up 0.2%.

Other News
2026-08-28

Postal Savings Bank of China (01658.HK): In the first half of 2026, operating revenue was RMB192.482 billion, up 7.26% year-on-year; net profit attributable to shareholders of the bank was RMB51.503 billion, up 4.62% year-on-year.

Postal Savings Bank of China (01658.HK): In the first half of 2026, operating revenue was RMB192.482 billion, up 7.26% year-on-year; net profit attributable to shareholders of the bank was RMB51.503 billion, up 4.62% year-on-year.
2026-08-28

Baozun (BZUN.O) Q2 total net revenue rose 7% YoY to 2.7 bln yuan; non‑GAAP operating profit was 74 mln yuan. E-commerce revenue rose 5% to 2.3 bln yuan with non‑GAAP operating profit of 107 mln yuan — the strongest Q2 e‑commerce profit since 2022 — w

Baozun (BZUN.O) Q2 total net revenue rose 7% YoY to 2.7 bln yuan; non‑GAAP operating profit was 74 mln yuan. E-commerce revenue rose 5% to 2.3 bln yuan with non‑GAAP operating profit of 107 mln yuan — the strongest Q2 e‑commerce profit since 2022 — while brand‑management revenue rose 22% to 486 mln yuan and operating losses narrowed. Management raised its 2028 non‑GAAP operating profit target to 700 mln yuan from 550 mln yuan. After the results, CITIGROUP kept a Buy, raised its PT to $5.30 from $4.50 and lifted 2026–28 non‑GAAP net‑profit forecasts by 36%, 40% and 30%; CITIC Lyon upgraded to outperform, raised its PT to $3.80 from $3.20 and increased adjusted net‑profit forecasts for this year and next by ~20%; CMBI kept Buy, raised its PT to $4.23 from $3.98 and raised operating‑profit forecasts for the next three years. Brokers cite stronger e‑commerce margins, narrower brand‑management losses and AI/automation efficiency gains as key profit drivers; whether AI can scale from pilots to sustainable, quantifiable profit uplift is the main medium‑term value trigger.
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