| 【Sector Research】China Auto Sector – Purchase-tax cut exceeds our expectation |
| 【Company Research】Topsports (6110 HK) – Drags are expected, turnaround in 2H23E likely |
| 【Fixed Income Research】eHi Car Services: Weak 1Q22 results partly due to limited used car disposal |
| 【Sector Research】China Technology Sector – China TMT Hardware barometer |
| 【Company Research】Baozun (BZUN US) – VAS enrichment & resilient GMV ahead |
| 【Company Research】Pinduoduo (PDD US) – Well positioned for upcoming recovery |
| 【Company Research】I-Mab BioPharma (IMAB US) – Uliledlimab (CD73) showed preliminary efficacy in treatment-naïve advanced NSCLC patients |
| 【Company Research】Baidu (BIDU US) – 2Q22E epidemic headwinds well priced in |
| 【Company Research】China Hongqiao (1378 HK) – Market leader in the aluminum industry |
| 【Company Research】Alibaba (BABA US) – Moderate recovery in sight with cost efficiency |
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.
