Malaysian Ringgit rose to 4.04 per US dollar, the strongest level since mid-June.

JP Morgan cut its target price for China Resources Beer (00291.HK) to HKD28 from HKD34 and kept an Overweight rating. The bank said 1H revenue rose 1.2% YoY v. market +2.2% and net profit fell 11% YoY v. consensus roughly flat. Average selling price rose just 0.5% (vs. expected 2%), implying the group is prioritizing market share and mass-market volume over premium-led price gains. JP Morgan sees an attractive risk/reward with the stock trading at about 10x 2027E P/E and a c.5.5% dividend yield, and reduced its target multiple to 14x from 15x to align with global peers.

Cenc measured a magnitude-3.7 earthquake at 11:00 on Aug 20 in Fan County, Puyang, Henan (35.87N, 115.68E); focal depth 24 km.