| 【Company Research】China Tower (788 HK) - Earnings supported by D&A roll-off while growth remained limited |
| 【Company Research】Baozun (BZUN US) - Heading towards strong medium-term profitability target with solid execution |
| 【Company Research】PATEO CONNECT (2889 HK) - AI pioneer powered by smart cockpit capabilities |
| 【Company Research】China Life (2628 HK) - 4Q net loss dragged by fair value contraction; DPS rose 31.7% ahead of expectations |
| CMBI Fixed Income - ZHOSHK: Silver linings of the weak FY25 results |
| 【Company Research】Meituan (3690 HK) - Bottoming out |
| 【Company Research】Binjiang Service (3316 HK) - FY25: Showing strength in tough times |
| 【Company Research】Weichai Power (2338 HK/000338 CH) - 2025 earnings below expectations, but structural transition story still intact |
| 【Company Research】BaTeLab (2149 HK) - Building through transition; Maintain BUY |
| 【公司研究】南微医学 (688029 CH) - 国际化渠道深耕与可视化新曲线共振 |