| 【Company Research】Nongfu Spring (9633 HK) - Flat FY24 earnings, with FY25 set for double-digit growth |
| 【Company Research】3SBio (1530 HK) - Earnings beat, rich pipeline promises future growth |
| 【Company Research】SenseTime (20 HK) - Gen AI business maintains momentum on increased AI investment |
| 【Company Research】Meidong Auto (1268 HK) - High inventory turnover strategy still working now |
| 【Company Research】BYDE (285 HK) - 4Q24 earnings dragged by one-off expenses; auto/AI/Apple ramp to drive growth in 2025 |
| 【Company Research】Zoomlion (1157 HK/000157 CH) - 2024 results below expectation; Still positive on the structural overseas growth trend |
| 【Company Research】China Taiping (966 HK) - FY24 NBV outshined; resume coverage with BUY |
| 【Company Research】Jinmao Property Services (816 HK) - Earnings hurt by industry cycle; Parentco’s revival offers revaluation chance; Maintain BUY |
| 【Company Research】Kelun-Biotech (6990 HK) - Advancing next-generation ADC therapeutics: innovative strategy in oncology and beyond |
| 【Company Research】Sunny Optical (2382 HK) - 2H24 earnings recovery on track; Multiple growth drivers from auto/XR/robotics in 2025 |
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.
