China added 23.1m of 4G users in Aug 2017, just marginally below 23.8m in Jul and sustained over 20m/month since May with YTD monthly average of 21.3m.
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Crosby Research: Q-Tech Group (1478 HK/NEUTRAL): Long term story intact, downgrade on rich valuation
Q-Tech announced an unexpected sequential CMOS Camera Module (CCM) shipment decline in August.
Heavy losses in 1H17 on one-off marketing cost – Sky Light reported a loss of HK$166m for 1H17 as the company has not fully recovered from...
HK retail sales in July clocked the highest YoY growth of 4.0% since Nov 2014.
Vincent Medical's 1H17 turnover decreased by 13.7% YoY to HK$205.4m and reported net profit was up marginally by 2% YoY to HK$12.4m.
Stripping out one-off items (e.g. fair value losses of CB and financial assets, FX gains and amortization of share option expenses) of Rmb258m...
Congratulations to Vincent Medical (1612.HK) on the successful listing on the Main Board of the Stock Exchange of Hong Kong Limited.
Crosby is a Joint Bookrunner of Vincent Medical (1612.HK) IPO.
Price of Bitcoin surged 20% during the week of June 3rd to the highest level in 20 months. Media reports said that this sharp increase have been largely attributed to demand from the Chinese market and that the fear of sharp devaluation of the RMB caused panicked Chinese traders to buy Bitcoin to avoid losses.
But not everyone agreed……
According to a Forbes article, “….by 2017, more than 30% of enterprise access to broadly based big data will be via intermediary data broker services, serving context to business decisions.” “…… by 2020 information will be used … eliminate 80% of business processes …from a decade earlier. ”
Congratulations to Bank of Tianjin (1578.HK) on the successful listing on the Main Board of the Stock Exchange of Hong Kong Limited.
Crosby is a Joint Bookrunner and Joint Lead Manager of Bank of Tianjin (1578.HK) IPO.
Want to know what the HK landlord thinks of the biggest retail sales plunge since SARS? Crosby kicks off the Year of Monkey with Link REIT (823 HK) and Fortune REIT (778 HK) Corporate Access events.
IMax China (1970 HK, NR) is definitely one of the few names on our radar that outperformed the global equities meltdown that is taking place at the moment.
As sales figures on the iPhone 6S continue to disappoint, bets are now on when Apple will be launching the iPhone 6c and iPhone 7 in order to keep up with their earnings growth.
Crosby has issued a sector report on China telecom sector today. We believe Tower asset injection will benefit China Tel (728 hk, NR) on its 4G network coverage.
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