CapitalWatch is expected to announce a short-selling report on a company with a market capitalization of over HK$100 billion before the US stock market opens next Tuesday. CapitalWatch last gained notoriety for a short-selling attack in 2023 with its report on Hong Kong-listed company Novogene (formerly stock code: 6606, whose market capitalization once approached HK$40 billion), accusing it of financial fraud. Novogene was subsequently delisted from the Hong Kong Stock Exchange in October 2025. Which company will be the target this time? Some speculate it's a Chinese concept stock, while others suggest it's APPlovin. We await the announcement.