| 【Company Research】Prada SpA (1913 HK) - 4Q23 cFX revenue +18%; Miu Miu overshot |
| 【Company Research】JD.com (JD US) - Driving growth in a more ambitious way |
| 【Company Research】Yuexiu Transport (1052 HK) - 2023 core profit +91% YoY but below estimates; >7% yield + potential asset injection |
| 【Sector Research】Technology - MacBook Air M3 – Apple’s entry into AI PC arena |
| 【Company Research】Kelun-Biotech (6990 HK) - A trailblazer in ADC arena |
| 【Company Research】NIO Inc. (NIO US) - Cash burn speeds up with capital injection |
| 【Sector Research】Auto - Competition is stiffer than what discounts show |
| 【Sector Research】Capital Goods - Expansion of gas/diesel price spread likely to boost natural gas HDT sales in the near term |
| 【Sector Research】Technology - AI Server and AI PC/smartphone supply chain set to continue strong momentum into 1H24E |
| 【Sector Research】Auto - Post CNY sales recovery could be mild |
Address: 45th & 46th Floor, Champion Tower, 3 Garden Road, Central, Hong Kong
Telephone: （852）3900 0888 Fax:（852）3761 8788
Copyright © 2019-2025 CMB International Capital Corporation Limited. All rights reserved.
