| 【Company Research】Palo Alto Networks (PANW US) - Platformization strategy resonating well with customers |
| 【Company Research】Thermo Fisher (TMO US) - A global leader in life sciences with favourable industry trends; initiate at BUY |
| 【Sector Research】Semiconductors - Nvidia’s 3Q earnings takeaway: Strong demand for Blackwell well into next year |
| 【Company Research】NIO Inc. (NIO US) - NIO’s cost control disappoints us again |
| 【Company Research】Kuaishou (1024 HK) - Inline 3Q24 results; resilient core commercial business |
| 【Company Research】Atour Lifestyle (ATAT US) - Prudent RevPAR outlook offset by other initiatives |
| 【Company Research】ZTO Express (ZTO US) - Still positive on profitable growth strategy despite lower volume guidance |
| 【Company Research】ZTO Express (2057 HK) - Still positive on profitable growth strategy despite lower volume guidance |
| 【Company Research】Xpeng Inc. (XPEV US) - Mona M03, P7+’s success with 3Q24 GPM beat could make Xpeng’s breakeven possible |
| 【Company Research】Tongcheng Travel (780 HK) - Travel demand remains resilient |
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