| 【Company Research】Bilibili (BILI US) – Eyes on monetization potential and margin improvement trajectory |
| 【Company Research】CR Land (1109 HK) – Outperforming FY22E, promising FY23E and not-far-fetching FY25E target |
| 【Company Research】Kweichow Moutai (600519 CH) – Proxy of China’s consumption-led recovery; buying into any weakness for the next recovery wave |
| 【Sector Research】China Technology Sector – Apple FY1Q23 miss on macro and supply chain issues; Expect weakness to persist in near term |
| 【Company Research】HUYA (HUYA US) – Clear margin improvement |
| 【Sector Research】China Property Sector – Property+ Weekly: Weak construction resumption rate dragged by property |
| 【Sector Research】China Auto Sector – Jan NEV likely in line or slightly miss; Li Auto beat |
| 【Company Research】China Meidong Auto (1268 HK) – We expect 2H22E net profit to fall 23% YoY |
| 【Company Research】Xpeng Inc. (XPEV US) – 4Q22E net loss to narrow; sales as key to FY23 |
| 【Company Research】NIO Inc. (NIO US) – 4Q22E loss to narrow; FY23 sales to outperform |
公司地址：香港中环花园道三号冠君大厦45-46楼
电话：（852）3900-0888 传真：（852）3761-8788
招银国际版权所有 Copyright © 2019-2025 CMB International Capital Corporation Limited. All rights reserved.
