Morningstar analyst Vincent Sun says Li Auto's profitability will stay under pressure after its second-quarter vehicle margin missed expectations due to model refresh costs. Management guides for recovery in the second half, with vehicle margin returning to the midteens in Q4, though meaningful volume recovery is expected only next year. The company plans to launch the i9 battery SUV next month and refresh two existing battery models in H2.

Daiwa analysts highlight Pony AI's positive unit economics in China, where each robotaxi completed 20-25 paid rides daily in Q2, generating 320-340 yuan in daily revenue against 250 yuan operating costs — a ~30% vehicle-level gross margin. Driven by higher fleet density and cost reductions, Daiwa maintains a buy rating and raises its ADR target to $25 from $24. Pony's global 3,500-unit fleet target remains intact.

Virgin Australia declared its first dividend since relisting: 7.60 Australian cents/share for the final six months of FY26, reflecting 0.9x leverage. Analyst Jakob Cakarnis calls it a quality surprise implying a 4%-5% annualized yield. Virgin shares rose 0.4% to A$2.82. Meanwhile, Hong Leong IB backs Bumi Armada with a 0.38 ringgit target on a 7.1 billion ringgit order book, and cuts Capital A's target to 0.69 ringgit despite a buy rating.