| 【Company Research】iQIYI (IQ US) - Short-term headwind continues; strategic upgrades to drive long-term growth |
| 【Company Research】PDD Holdings (PDD US) - Impact from enhancement of merchant support stared to emerge |
| 【Company Research】Ke Holdings (BEKE US) - To ride on the policy tailwind in 4Q |
| 【Company Research】Baidu (BIDU US) - Pace of ads rev growth recovery key to watch |
| 【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 |
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