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    RESEARCH

    CROSBY Research – Sany Heavy Equipment (631 HK): Surging R&D costs pressured NP growth

    CROSBY Research – Sany Heavy Equipment (631 HK): Surging R&D costs pressured NP growth

    17 May 2024 Sany Heavy announced its 1Q24 business update with revenue decreased by 5.7% YoY to Rmb5.2bn. Gross profit and net profit were down by 4.0% and 20.7% YoY to Rmb1.3bn and RMb515.7m in 1Q24, respectively. GPM edged up

    Crosby_research May 17, 2024May 17, 2024 RESEARCH Read more

    CROSBY Research – Wasion Holdings (3393 HK/BUY): In the sweet spot

    CROSBY Research – Wasion Holdings (3393 HK/BUY): In the sweet spot

    16 May 2024 In recent years, Wasion has been aggressively pushing forward its export business to gain more traction from the international market. Through capitalizing on the China’s “One belt, One road” plan to step up the infrastructure development of

    Crosby_research May 16, 2024May 16, 2024 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 58)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 58)

    13 May 2024 2024 YTD data already surpass pre-pandemic levels – China witnessed a remarkable resurgence in the mobility of its citizens, with the number of train passengers in 2023 exceeded the pre-pandemic levels, registering a notable growth of 5.3%

    Crosby_research May 13, 2024 RESEARCH Read more

    CROSBY Research – Consumer sector: Strong rebound in domestic travelling in China

    CROSBY Research – Consumer sector: Strong rebound in domestic travelling in China

    13 May 2024 China witnessed a remarkable resurgence in the mobility of its citizens, with the number of train passengers in 2023 exceeded the pre-pandemic levels, registering a notable growth of 5.3% compared to that of 2019. Encouragingly, the latest

    Crosby_research May 13, 2024 RESEARCH Read more

    CROSBY Research – Pentamaster (1665 HK/BUY): 1Q24 sales dragged by weak automotive segment; medical devices segment remains key growth driver

    CROSBY Research – Pentamaster (1665 HK/BUY): 1Q24 sales dragged by weak automotive segment; medical devices segment remains key growth driver

    13 May 2024 Pentamaster’s 1Q24 revenue increased 3.3% YoY from MYR165.3m in 1Q23 to MYR170.7m. Automated Test Equipment (ATE) segment revenue decreased 34.5% YoY to MYR72.8m due to weak demand within the automotive end market. Factory Automation Solutions (FAS) segment

    Crosby_research May 13, 2024May 13, 2024 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 57)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 57)

    29 Apr 2024 Hong Kong’s economy is on track to achieve its fifth straight quarter of moderate growth, said Financial Secretary Paul Chan, vowing to pursue new development opportunities and stimulate local spending through mega events in the coming months.

    Crosby_research April 29, 2024 RESEARCH Read more

    CROSBY Research – IGG (799 HK/BUY): Maintained growth momentum by Doomsday and Viking Rise

    CROSBY Research – IGG (799 HK/BUY): Maintained growth momentum by Doomsday and Viking Rise

    29 Apr 2024 Doomsday’s strong growth momentum persisted into 1Q24 with Average Monthly Gross Billing (MGB) reached HK$100M in March, while MGB of Doomsday reported HK$78M over 2H23. Management reiterated the target DAU for Doomsday will be 1.0mn in FY24.

    Crosby_research April 29, 2024April 29, 2024 RESEARCH Read more

    CROSBY Research – Xtep International (1368 HK/BUY): Expect sales growth to accelerate in 2Q24

    CROSBY Research – Xtep International (1368 HK/BUY): Expect sales growth to accelerate in 2Q24

    25 Apr 2024 Xtep announced its 1Q24 operational results, with retail sales for its Xtep Core Brand recorded a HSD growth YoY, slowing down from 30%+/20%+ growth in 4Q23/1Q23.  The first 2 months and 1st half of March saw MSD

    Crosby_research April 25, 2024 RESEARCH Read more

    CROSBY Research – Xiaomi (1810 HK): Key takeaways from Xiaomi Investor Day

    CROSBY Research – Xiaomi (1810 HK): Key takeaways from Xiaomi Investor Day

    25 Apr 2024 Xiaomi held an Investor Day in Beijing on 23 Apr. Management reiterates their ambition of building their integrated “Human x Car x Home” ecosystem with the successful launching of SU7 on 28 Mar. Management also gives optimistic

    Crosby_research April 25, 2024 RESEARCH Read more

    CROSBY Research – Anta Sports (2020 HK/BUY): Soft 1Q24 growth in retail sales, with a better outlook in 2Q24

    CROSBY Research – Anta Sports (2020 HK/BUY): Soft 1Q24 growth in retail sales, with a better outlook in 2Q24

    22 Apr 2024 Anta announced its 1Q24 operational results, with retail sales for its Anta Core Brand recorded a MSD growth YoY, slowing down from high-teens growth in 4Q23, given high base last year.  The slower growth was inline with

    Crosby_research April 22, 2024April 22, 2024 RESEARCH Read more
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