Daily Brief Consumer: Chery Automobile Co. Ltd., Central Plaza Hotel, Swire Pacific, Betmakers Technology Group , Milky Mist Dairy Food Ltd, NIFTY Index, oOh!Media Ltd, Wardwizard Innovations & Mobility, Coursera , Hang Seng Index and more

• We screen China stocks ahead of a global index’s August 2026 quarterly review, with 16 ADD and 22 DELETE candidates.
• Nine of 16 ADD candidates are Information Technology names, and six cleared the May cutoffs without being added.
• The DELETE list splits into 12 names below the retention lines across the full cutoff range and 10 borderline names.

• The SET50 index tracks the performance of the top 50 largest and most liquid names listed on the Stock Exchange of Thailand (SET).
• In this insight, we present our latest capping flow expectations for the September 2026 index rebal event and our expected ADDs/DELs list for the December 2026 index review.
• The number of expected changes for the December 2026 review has fallen from three to one.

• Swire Pacific (19 HK)‘s 1H26 reported profit was HK$6.8bn versus HK$815mn in 1H25.
• 83%-Held Swire Properties (1972 HK) reported profit of HK$3.6bn vs. a loss of HK$1.2bn in 1H25. 45.12%-held Cathay Pacific (293 HK) reported a 71% increase in underlying profit of HK$6.2bn.
• Note: short interest in Cathay, one the best performing global airlines over the past year (in terms of share price), has picked up since the end of May. 

• Betmakers Technology Group (BET AU) entered a scheme implementation deed with Tabcorp Ltd (TAH AU) at A$0.24, a 45.5% premium to the undisturbed price.
• The transaction requires ACCC approval, along with gaming and racing approvals in several jurisdictions. ACCC approval may require undertakings.
• The offer represents a 3-year high and is attractive compared to peer multiples. The scheme vote is likely to pass, particularly as the largest shareholder is supportive. 

• Milky Mist Dairy Food (1231D IN) is looking to raise up to US$163m in its upcoming India IPO.
• Milky Mist Dairy Food Ltd (MMDFL) is a value-added dairy and packaged food manufacturer focused on premium products such as paneer, cheese, curd, yogurt, UHT milk, and frozen RTE/RTC foods.
• We have looked at the past performance in our previous note. In this note, we talk about the RHP updates and valuations.

• The NIFTY Index (NIFTY INDEX) on August 10th announced the removal of Wipro Ltd (WPRO IN) and added Bombay Stock Exchange (BSE IN). 
• The flow and impact is estimated to be big according to Brian Freitas. We applied our model research to the NIFTY to analyze the current trend and potential upcoming reversals.
• The NIFTY Index is mildly overbought at the moment, this week may give way to a reversal.

• Back on the 13th July 2026, oOh!Media Ltd (OML AU), Australia’s No.1 player in outdoor advertising, announced three suitors had reconfirmed their NBIOs, and confirmatory due diligence was afforded.
• This morning (10th August), OML announced it had entered into an Offer, by way of a Scheme, with I-Squared, at A$1.70/share, in cash, less any dividends.
• That’s a 100% premium to undisturbed. Optically/valuation-wise, it looks fair. Reportedly, neither Pacific Equity Partners nor Oaktree lodged final bids last Friday. That may be telling. 

• Wardwizard is an early entrant in the high-growth Indian electric two-wheeler market, but faces intense competition from both legacy automakers and well-funded startups, leading to market share consolidation among top players.
• The company’s financial performance has deteriorated significantly, with a sharp decline in revenue, profitability, and a shift to negative operating and free cash flows in the most recent fiscal year, raising concerns about its operational efficiency and cash burn rate.
• Despite a challenging domestic environment, the company is pursuing an aggressive international expansion strategy, highlighted by a major USD 1.29 billion order from a Philippine corporation, which presents a significant growth opportunity but also carries substantial execution risk.

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• The full-year 2026 results for Coursera, Inc. reflect the first quarter of combined operations following its acquisition of Udemy, completed in May 2026.
• Total revenue for Q2 reached $299 million, marking a 60% year-over-year increase primarily due to the consolidation of Udemy’s results.
• On a normalized basis, which adjusts for the timing of the acquisition, revenue declined 1% year-over-year.

• Hong Kong equities paused after a strong run, with market breadth weakening despite a continued upside skew in individual stock returns.
• Single stock option activity fell sharply, with weaker Call trading accounting for much of the decline.
• HSI implied volatility remains subdued relative to its recent history, while single stock implied vols remain comparatively elevated.