| 【Company Research】Alphabet (GOOG US) - Increase AI investment to unlock growth opportunities in FY25 |
| 【Sector Research】Internet - Trends observed from 2025 Spring Festival |
| 【Company Research】Js Global Lifestyle (1691 HK) - Massive buyback with decent mid-term outlook |
| 【Company Research】Meta (META US) - Solid 4Q24 results; further stepping up AI investments in FY25 |
| 【Company Research】ServiceNow (NOW US) - Inline 4Q24 results; upbeat on AI development |
| 【Company Research】Microsoft (MSFT US) - Cloud revenue growth and AI related monetization remain keys to watch |
| 【Company Research】EVA Holdings (838 HK) - 2H24 preview: both revenue, NP stable HoH |
| 【Sector Research】Technology - Apple FY1Q25: Beat on iPad/Mac offsetting China/ iPhone weakness; Positive on AI-led upgrade cycle |
| 【Sector Research】Semiconductors - Thematic investing and megatrends: Views on DeepSeek |
| 【Fixed Income Research】NWDEVL: Our thoughts on the latest developments |
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