| 【Company Research】Alibaba (BABA US) - Driving long-term growth while enhancing shareholder return |
| 【Company Research】GigaCloud (GCT US) - Improving fundamentals with BaaS initiatives |
| 【Company Research】Baidu (BIDU US) - Expect mild ads revenue growth in 1Q24 |
| 【Company Research】Netease (NTES US) - Renewed agreement with Blizzard; expect games revenue growth to reaccelerate in 2H24E |
| 【Company Research】Tongcheng Travel (780 HK) - Continued outperformance during Qingming |
| 【Sector Research】Property - Weekly highlight: WoW sales recovery interrupted by public holiday; further observation is needed |
| 【Company Research】TK Group (2283 HK) - Positive on business recovery in FY24/25E |
| 【Company Research】Akeso (9926 HK) - Promising Ph3 data of cadonilimab in 1L GC |
| 【Company Research】Yunkang Group (2325 HK) – Back to normal growth |
| 【Sector Research】Auto - New models with lower MSRPs made discounts artificially stable |
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