| 【Company Research】JOYY Inc. (YY US) – Better margin outlook, with Bigo to bottom out |
| 【公司研究】迈瑞医疗 (300760 CH) – 业绩稳健增长，二季度常规业务复苏 |
| 【Company Research】ZTO Express (2057 HK) – 2Q23 net profit +41% YoY on excellent cost control; Full-year market share target achievable |
| 【Company Research】ZTO Express (ZTO US) – 2Q23 net profit +41% YoY on excellent cost control; Full-year market share target achievable |
| 【Fixed Income Research】Hopson: Businesses have been largely as usual |
| 【Company Research】Goertek (002241 CH) – 1H23 weakness in-line; Lower TP on slower demand recovery |
| 【Company Research】China Suntien (956 HK) – Marginally drop in gas transmission volume and steady power generation |
| 【Company Research】Xiaomi (1810 HK) – 2Q23 beat on record-high margin; Reiterate BUY |
| 【Company Research】BYDE (285 HK) – 1H23 beat and promising outlook; Lift TP to HK$41.98 |
| 【Company Research】BYD Company (1211 HK) – Solid 2Q23 earnings quality; Eyes on upmarket |
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