| 【Company Research】Goldwind - H (2208 HK) – Strong 1Q20 results; but headwind remains |
| 【Company Research】Huatai Securities (6886 HK) – Fee income growth played the lead |
| 【Sector Research】China Construction Machinery & HDT Sector – HDT sales +43% YoY in Apr; Expect robust growth for other machinery |
| 【Company Research】Hope Education (1765 HK) – Strong 1HFY20; multiple growth drivers |
| 【Company Research】GAC Group (2238 HK) – Expect earnings rebound from 2Q20E |
| 【Company Research】BYD Electronics (285 HK) – A strong year despite COVID-19; Upgrade to BUY |
| 【Company Research】China Construction Bank (939 HK) – Solid credit expansion underpins earnings sustainability |
| 【Company Research】NWS Holdings (659 HK) – Toll road income resumed |
| 【Company Research】Postal Savings Bank of China (1658 HK) – Healthy 1Q20 earnings; Retail strategy remains intact |
| 【公司研究】万洲国际 (288 HK) – 2020年首季业绩符合预期 |
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.
