| 【Company Research】InnoScience (2577 HK) - Global integrated GaN leader with significant growth potential |
| 【Company Research】Tongcheng Travel (780 HK) - Expecting inline 1Q results; solid full-year earnings growth outlook unchanged |
| 【Sector Research】Technology - Implications of Nvidia H20 export restriction for AI server/component supply chain |
| 【Company Research】PICC P&C (2328 HK) - 1Q25 CoR outperformed |
| 【Company Research】Baidu (BIDU US) - Expecting steady cloud revenue growth |
| 【Company Research】Anta Sports (2020 HK) - Acquisition of Jack Wolfskin finally announced |
| 【Sector Research】Technology - US tariff updates: Reciprocal tariff exemptions for smartphone /PC/server but new electronics tariff will come soon |
| 【Company Research】BOE Varitronix (710 HK) - Limited impact from tariff given low US exposure |
| 【Company Research】EVA Holdings (838 HK) - Poised to grow faster in FY25-26E |
| 【Company Research】JD.com (JD US) - Expecting solid revenue and earnings growth |
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