| 【Company Research】SANY International (631 HK) - Profit in 2025 a negative surprise; Looking for improvement in 2026 |
| 【Company Research】Xpeng Inc. (XPEV US/9868 HK) - Mona SUVs, robot production as key in FY26 |
| 【Company Research】AIA Group Ltd. (1299 HK) - US$1.7bn buyback a +VE surprise; lift TP to HK$112 |
| 【Company Research】AAC Tech (2018 HK) - FY25 in-line; auto/thermal/edge AI and margin recovery to drive earnings growth in 2026-27E |
| 【Company Research】Giant Biogene (2367 HK) - Recovery expected in 2026E |
| 【Company Research】China Hongqiao (1378 HK) - 2025 core profit in-line; Supply disruption to drive ASP in 2026E |
| 【Company Research】Tuhu Car (9690 HK) - A beneficiary from industry consolidation |
| 【Company Research】VSTECS (856 HK) - FY25 review: AI compute and self-developed products maintain strong momentum |
| 【Company Research】Chuangxin Industries (2788 HK) - Takeaways from post-results meeting |
| 【Company Research】Dmall Inc (2586 HK) - FY25 review: investing in AI to drive dual growth in revenue and profitability |
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