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$BABA-W(09988)$ closed up 3.63% on Tuesday (13 Jan) but was up as much as 6.29% during the day following reports that China's State Council launched an antitrust probe into the food delivery sector to regulate competition and delivering hope that the price war is ending. Alibaba DLCs were amongst the top movers on 13 Jan with $Alibaba 5xLongSG270712(ZVNW.SI)$ gaining +18% for the day, while the $Alibaba 5xShortSG270907(RHDW.SI)$ suffered losses of the same magnitude. Alibaba shares were further supported by China's announcement that the government will accelerate AI adoption in manufacturing, with markets viewing Alibaba as a key beneficiary of this policy

For period 7 January to 14 January 2026: Leading the pack this week is $Bilibili 5xLongSG270216(ODJW.SI)$ , which soared 151% over the past week, fueled by a 22.27% rally in its underlying $BILIBILI-W(09626)$ . The surge was supported by broader-AI optimism lifting tech stocks and steady advertising growth for the company. Over the last year, Bilibili's share price has nearly doubled, supported by its turnaround from losses to consistent profitability, powered by AI-driven cost efficiencies and enhanced monetisation. 📊 Top 5 Performers (3 Stocks + 2 Indices) Bilibili 5x Long DLC (ODJW) gained 151% Alibaba 5x Long DLC (ZVNW) gained 93% Kuaisho 5x Long DLC (VLLW) gained 55% HSTech 7x Long DLC (YPCW) gai

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$LENOVO GROUP(00992)$ rallied around 105% in May, driven by strong earnings and growing optimism around the company’s AI prospects. Amplifying the move, the $Lenovo 5xLongSG261027(TDDW.SI)$ surged +1,538.91% over the same period. Although there are no Lenovo Short DLCs listed, the losses on a 5x Short DLC would have been 100%, but not more. On the broader HK benchmark index, the $HSI(HSI)$ fell 2.3% in May, with the $HSI 7xShortSG270309(EUCW.SI)$ gaining +6.24%. The DLC performances above highlight the impact of the Compounding Effect — Lenovo’s sustained rally boosted the Long DLC's compounded returns well beyond

For period 20 to 27 May 2026: The top DLC performer for the week is $Lenovo 5xLongSG261027(TDDW.SI)$ , boosted by $LENOVO GROUP(00992)$ 's 43.94% gain over the same period as market sentiment around its earnings beat and AI agent business sent the stock flying. Other comparable gainers include Sunny 5x Long and $Micron 3xLongSG280913(44BW.SI)$ as both $SUNNY OPTICAL(02382)$ and $Micron Technology(MU)$ surged over the same period. This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore

Hong Kong equities mostly edged lower on Friday (16 Jan) as investors locked in gains, following an earlier surge after a robust earnings outlook from TSMC that strengthened confidence in sustained AI-driven demand and boosted global risk appetite. $HSTECH(HSTECH)$ still advanced 2.37% for the week, while the $HSI(HSI)$ gained 2.34%. With the market failing to break above the recent highs in Oct/Nov last year, HSI continues to be resisted at around the 27,200 level; a breakout above this level would signal that the recent upward price movement has extended beyond prior consolidation, while price hesitation at this zone could indicate that the market remains in a consolidation phase. Top movers over the s