| 【Company Research】Sunny Optical (2382 HK) – Lacklustre 2H20E mostly priced in; Share gain and restocking demand to drive shipment upside |
| 【Company Research】BYD Electronics (285 HK) – Positive profit alert and strong outlook; Reiterate BUY |
| 【Sector Research】China Banking Sector – Embracing certainty in uncertain earnings cycle |
| 【Company Research】Jiangsu Hengli Hydraulic (601100 CH) – Expect a strong 3Q; Robust demand in Oct; Raised estimate & TP |
| 【Company Research】AAC Technologies (2018 HK) – Further strategic investments into AAC Optics; Expect ASP/margin pressure to persist |
| 【Company Research】AAC Technologies (2018 HK) – Further strategic investments into AAC Optics; Expect ASP/margin pressure to persist |
| 【Company Research】Shanghai Henlius Biotech, Inc. (2696 HK) – Smooth operation |
| 【公司研究】信义光能 (968 HK) – 玻璃价格再次上涨，进一步推升20/21年盈利 |
| 【Company Research】NWS Holdings (659 HK) – Too cheap to ignore |
| 【Company Research】Languang Justbon (2606 HK) - Sizable acquisition needed to progress |
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.
