| 【Company Research】Q Technology (1478 HK) – Positive profit alert on product mix; Lift TP to HK$16.0 |
| 【Company Research】Xtep (1368 HK) – Recovery may take longer than expected |
| 【Company Research】VPower (1608 HK) – Positive profit alert beat our estimates |
| 【Company Research】Sunny Optical (2382 HK) – HSL/VLS recovery on track in June; Maintain BUY |
| 【Company Research】Tongda (698 HK) – 1H20 worse than expected; Wait for better visibility |
| 【Company Research】WH Group (288 HK) - Maintain Buy on undemanding valuation |
| 【Sector Research】China Construction Machinery & HDT Sector – Excavator sales +63% YoY in Jun; Momentum to continue in Jul & Aug |
| 【Company Research】Anta Sports (2020 HK) – Expecting a strong 2Q, driven by e-commerce |
| 【公司研究】禹州集团 (1628 HK) – 小而美 |
| 【Company Research】FIT Hon Teng (6088 HK) – Major overhang removed; Lift TP for 2H recovery |
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.
