| 【Company Research】Li Ning (2331 HK) - FY24E target maintained but we are cautious |
| 【Company Research】Luxshare (002475 CH) - 3Q24 results and FY24 guidance in-line; Resilient outlook boosted by Apple Intelligence cycle |
| 【Company Research】Wingtech (600745 CH) - Both semi/ODM segments showed turnaround signals with sequential growth |
| 【Company Research】Willsemi (603501 CH) - 3Q results in line with gradual recovery |
| 【Company Research】Xtep (1368 HK) - Double 11 is critical but NP target is still intact |
| 【Company Research】Great Wall Motor (2333 HK) - Overseas, new models to support FY25 after in-line 3Q24 core earnings |
| 【Company Research】Goertek (002241 CH) - 3Q24 recovery on track; Poised to benefit from XR/TWS/gaming product launches in 2H24/FY25E |
| 【Company Research】ServiceNow (NOW US) - Solid 3Q24 results; riding on GenAI tailwind |
| 【Company Research】EDA Group Holdings (2505 HK) - Riding on tide of B2C export e-commerce industry development |
| 【Company Research】Innolight (300308 CH) - Solid 3Q with intact near-term prospects; Maintain BUY |
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