| 【Sector Research】Technology - Implications of resumption of H20/MI308 sales in China; Positive for AI server/component supply chain |
| 【Company Research】Li Ning (2331 HK) - 2Q25 roughly inline and transition in progress |
| 【公司研究】巨子生物 (2367 HK) - 销售复苏在望，底部布局正当时 |
| 【Company Research】Bilibili (BILI US) - 2025 Investor Day: improving monetization to support quality earnings growth |
| 【Sector Research】Semiconductors - Thematic investing and megatrends: 1H25 AI demand check; Compute demand continues to grow |
| 【Sector Research】Auto - 2Q25 earnings preview and 2H25 outlook |
| 【Company Research】Q-Tech (1478 HK) - Beginning of earnings upward revision cycle; Raise TP to HK$13.21 |
| 【Company Research】Alibaba (BABA US) - Escalated investment in instant commerce could weigh on ST profitability |
| 【Company Research】JD.com (JD US) - Increasing investment in food delivery weighs on profit; synergy remains key to watch |
| 【Company Research】J&T Express (1519 HK) - Impressive parcel volume growth in SEA |
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