| 【Company Research】Baidu (BIDU US) - Solid cloud revenue growth a bright spot |
| 【Company Research】Meidong Auto (1268 HK) - 2H24 earnings preview: Stable operating profit with rising impairment risk |
| 【Company Research】Palo Alto Networks (PANW US) - Solid results with enhanced outlook |
| 【Company Research】Coinbase (COIN US) - Strong 4Q24 results; favourable regulatory environment paves way for long-term growth |
| 【Company Research】AAC Tech (2018 HK) - Multiple growth drivers and improving margin to continue into 2025; Raise TP to HK$53.48 |
| 【Company Research】Datadog (DDOG US) - Entering an investment phase to drive growth in next stage |
| 【Company Research】Sunny Optical (2382 HK) - Earnings upgrade cycle has just begun; Raise TP to HK$102.89 |
| 【Sector Research】Capital Goods - A good start for earth-moving machinery sales in Jan |
| 【Sector Research】Auto - Leap, BYD, Aion led discount increase in Jan |
| 【Sector Research】Technology - Intelligence driving: Implications of BYD’s “vehicle intelligence strategy” event |
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