| 【Company Research】Joinn Laboratories (6127 HK) – Accelerating growth momentum driven by sustainable research model supply |
| 【Sector Research】China AI – Margin under pressure amid weakening demand |
| 【Company Research】Wingtech (600745 CH) – Mispriced business represents attractive buying opportunity |
| 【Company Research】Weichai Power-H (2338 HK) – Valuation close to the trough |
| 【Company Research】Weichai Power-A (000338 CH) – Expect further earnings cut by the Street; Prefer Weichai-H for large valuation discount |
| 【Company Research】GAC Group (2238 HK) – 3Q22 earnings miss on impairment, Toyota |
| 【Company Research】Tencent (700 HK) – Ecosystem value and growing diversification |
| 【公司研究】阿里巴巴 (BABA US) – 巩固实力,寻找增长新空间 |
| 【公司研究】拼多多(PDD US) – 强大的消费者心智助推变现进程及成本优化 |
| 【公司研究】百度 (BIDU US) – 关注新业务发展进程 |