| 【Company Research】Js Global Lifestyle (1691 HK) - Massive buyback with decent mid-term outlook |
| 【Company Research】Meta (META US) - Solid 4Q24 results; further stepping up AI investments in FY25 |
| 【Company Research】ServiceNow (NOW US) - Inline 4Q24 results; upbeat on AI development |
| 【Company Research】Microsoft (MSFT US) - Cloud revenue growth and AI related monetization remain keys to watch |
| 【Company Research】EVA Holdings (838 HK) - 2H24 preview: both revenue, NP stable HoH |
| 【Sector Research】Technology - Apple FY1Q25: Beat on iPad/Mac offsetting China/ iPhone weakness; Positive on AI-led upgrade cycle |
| 【Sector Research】Semiconductors - Thematic investing and megatrends: Views on DeepSeek |
| 【Fixed Income Research】NWDEVL: Our thoughts on the latest developments |
| 【Company Research】Innolight (300308 CH) - Solid results despite supply chain constraints; expect for another strong year in 2025 |
| 【Company Research】China Life (2628 HK) - 4Q net profit could decline despite better capital market |
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