| 【Company Research】BOE Varitronix (710 HK) – Strong FY22 results; Multiple drivers from Chengdu expansion, CMS and US market |
| 【Company Research】Geely Automobile (175 HK) – FY22 core earnings miss; PHEV still the key |
| 【Company Research】Smoore Int’l (6969 HK) – Operational challenges remain; but China regulatory risk to sentiment likely settled |
| 【Company Research】SANY International (631 HK) – Core net profit in 2022 +53% YoY in line with expectation; Margin recovery in 4Q |
| 【Company Research】Yongda Automobiles (3669 HK) – After-sales as earnings driver amid low valuation |
| 【Company Research】PDD Holdings (PDD US) – Investment to enhance long-term development prospect |
| 【Company Research】Sunny Optical (2382 HK) – 2H22 first take: weakness in-line; awaiting recovery |
| 【Company Research】Greentown Management (9979 HK) – Earnings beat with double surprises on dividend payout; Maintain Buy |
| 【Sector Research】China Software & IT Services – Implications of Huawei MetaERP |
| 【Company Research】China Lilang (1234 HK) – Turning around with attractive yield |
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