Daily ideas

ZTO, FlashEX and ATRenew told Q2 2026 calls that below-cost price competition is now a violation; ZTO cut 2026 parcel volume growth to 6-10% from 10-13%.

Opera said Western query revenue grew 29% against 21% globally on AI browser entry points, while AI revenue itself stays undisclosed.

Ülker Bisküvi says it cannot raise Turkish list prices with inflation: volume rose 1.3%, revenue fell 11.4%, domestic EBITDA margin slid to 12.7%.

Nord Health said nearly all its code is AI-generated, production code rose 130%, and the team shrank 4% in 2026 without lower output.

NovaBridge says the FDA's first-line population for givastomig requires only CLDN18.2 positivity, with no staining cutoff, and sizes it at 105,000 patients.

Lowe's said online shoppers using its Mylow assistant convert at three times the rate of others, after 25 million questions and with no controlled test.

Contact Energy, Mercury NZ and Alfen told August 2026 calls that build and installation capacity, not permits or demand, now sets power delivery.

Kuaishou's AIGC ad spend grew over 70% and 92% of staff use AI agents, yet group revenue rose 1.4% and gross margin fell 410 basis points.

VGP, WDP and Tritax Big Box told H1 2026 calls that permits and buildable land cap new European logistics supply; VGP's reletting uplift fell to 6% from 14%.

Bill.com said AI underwriting grew invoice financing volume and revenue about 30% in FY26 and improved the expected loss rate by more than 50%.

Argentina dropped the export-revenue test on bank dollar loans and capped each bank at 15% of its FX deposits, about $5.2bn, and Banco Macro now guides only its dollar book to grow.

Youdao's AI subscription line sold about RMB 100 million in Q2, up over 20%, as learning services gross margin rose to 65.5% with no AI breakout.

Novonesis and Green Plains say ethanol demand growth now comes from blend mandates in Brazil, India and Indonesia, lifting per-liter enzyme volume.

Sisram, AbbVie and Evolus told investors injectable aesthetics is now priced by how long an effect lasts: Juvederm fell 6.6% while DAXXIFY holds RMB6,800.

Vext, Verano, Jushi and Green Thumb say rising yields have put cultivation expansions on hold as wholesale flower falls below fully absorbed cost.

US importers collected IEEPA tariff refunds in June 2026, but Home Depot, Lowe's and Reliance Worldwide say fuel, freight and copper costs consumed the cash.

PZU and UNIQA said on August 20, 2026 that Europe's motor own-damage premium base is shrinking with used-car values while repair severity climbs.

Deere, AGCO, CNH and Ridley told July-August 2026 calls that fertiliser and diesel costs froze crop-grower equipment budgets while beef-funded livestock customers kept spending.

HKEX says a Southbound-eligible ETF needs just 60% of its index in Hong Kong stocks, leaving 40% for Korean and US shares - and it now builds those indices.