04 Jun 2024 CAICT announced Apr handset shipment data. China’s handset market rebounded strongly with shipment increased 28.8% YoY in Apr (-5.5% YoY in Mar) to 24.1m units. Sequential shipment momentum decelerated in Apr with shipment increased 12.6% MoM in
27 May 2024 Lenovo reported 4QFY24 results (Mar quarter), with revenue increased 9.5% YoY to US$13.8bn. All three business segments achieved positive revenue growth. GPM widened 0.6ppt YoY to 17.6% on increasing contribution from SSG segment’s high-margin business. Mar quarter
27 May 2024 According to The Standard, Hong Kong’s 10 major housing estates saw numbers of secondary deals rebound to double digits over the weekend from a week ago, thanks to price cuts by sellers. Centaline Property reported 10 deals
27 May 2024 Trip.com announced its 1Q24 results, with net revenue up by 29% YoY to Rmb11.9bn, and also up 15% QoQ compared to 4Q23, mainly due to higher demand and seasonality. GPM maintained relatively stable at 81% in 1Q24,
27 May 2024 Xiaomi reported its 1Q24 results, with revenue up 27.0% YoY to Rmb75.5bn, which saw growth accelerated from 10.9% YoY in 4Q23. Smartphone revenue growth maintained strong momentum, surged 32.9% YoY to Rmb46.5bn in 1Q24. Smartphone shipment also
24 May 2024 SunArt’s FY24 (Mar-end) revenue was down by 13.3% YoY to Rmb72.6bn, mainly due to i) the contraction of supply chain business and store closures which accounted for 8.4% decline in sales; and ii) lower ticket size. Meanwhile,
22 May 2024 Incepted in 2014 and newly listed on HKEX in Jan this year, RoboSense is a global leader in the LiDAR and perception solutions market. Unlike most of the LiDAR companies in the market who only focus on
21 May 2024 Man Wah reported its Mar ended FY24 results with top line increased by 5.7% YoY to HK$18.8bn. GPM slightly increased by 0.9ppt YoY to 39.4%. NP increased by 20.2% YoY to HK$2.3bn with NPM improved by 1.5ppt
21 May 2024 Despite the relatively subdued macro-economic environment, high interest rate and geopolitical instability that subsequently led to weak market sentiment, Johnson Electric (JE) was able to restore its profitability back to pre-pandemic level and also further strengthened its
17 May 2024 Q-Tech reported strong CCM shipment growth of 39.2% YoY in Apr to 41.6m units. With shipment in the first 4 months grew 28.6% YoY to 148.2m units, we believe its well on track to reach mgmt. guidance
