| 【Company Research】Weichai Power (2338 HK/000338 CH) - Expect HDT engines growth to slow in 2026E Eyes on backup power for data centres |
| 【Company Research】SANY Heavy (6031 HK/600031 CH) - Clear target on mining excavator growth |
| 【Company Research】Zoomlion (1157 HK/000157 CH) - Full range of products to expand globally |
| 【Sector Research】Capital Goods - Key themes in 2026: Focus on Mining equipment + Power for data centres + Replacement cycle |
| 【Company Research】Meituan (3690 HK) - FD investment peaked out driving value creation to enhance mind share in core users |
| 【行业研究】半导体 - 光模块行业 - AI驱动下的强势表现方兴未艾 |
| 【Company Research】Tongcheng Travel (780 HK) - Solid 3Q25 results with healthy earnings growth |
| 【Company Research】Li Auto Inc. (LI US/2015 HK) - Time to take a breather |
| 【Sector Research】Semiconductors - Optical transceivers – sustained AI-driven outperformance ahead |
| CMBI Fixed Income - Bank Capital Papers: Opportunities in AT1 and T2 |
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