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    RESEARCH

    CROSBY Research – 361 Degrees (1361 HK/BUY): A good start

    CROSBY Research – 361 Degrees (1361 HK/BUY): A good start

    18 Apr 2024 361 Degrees announced its 1Q24 operational results, with offline retail sales for its 361° Core Brand recorded a high-teens growth YoY, while 361° Kids branded products was up by 20-25% YoY. Online sales continue to grow healthily

    Crosby_research April 18, 2024April 18, 2024 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 56)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 56)

    16 Apr 2024 2M24 telecom industry continued to be driven by new businesses, especially big data and Cloud computing. CM regained strong 5G user growth in Feb, with its 5G penetration rate reached 80.8%. Stringent network connectivity capex guidance by

    Crosby_research April 16, 2024April 16, 2024 RESEARCH Read more

    CROSBY Research – Telecom Sector: Stringent capex control after 5G buildout peaked, telco’s key focus is on computing power for Cloud and AI usage

    CROSBY Research – Telecom Sector: Stringent capex control after 5G buildout peaked, telco’s key focus is on computing power for Cloud and AI usage

    16 Apr 2024 According to the latest data from MIIT, China’s telecom business revenue steadily grew 4.3% YoY to Rmb292.3bn in Jan-Feb (2M24). New businesses (IPTV, IDC, big data, Cloud computing, and IoT) remained key growth momentum for telecom industry.

    Crosby_research April 16, 2024April 16, 2024 RESEARCH Read more

    CROSBY Research – Wasion Holdings (3393 HK/BUY): Securing State Grid’s first FY24 tender

    CROSBY Research – Wasion Holdings (3393 HK/BUY): Securing State Grid’s first FY24 tender

    16 Apr 2024 Wasion announced the first bidding results of the 2024’s State Grid tender on smart metering equipment and data collection equipment yesterday. Wasion has won contracts for about 899k units of smart meters with a contract value of

    Crosby_research April 16, 2024April 16, 2024 RESEARCH Read more

    CROSBY Research – YesAsia (2209 HK): Riding on the growing K-Beauty popularity

    CROSBY Research – YesAsia (2209 HK): Riding on the growing K-Beauty popularity

    09 Apr 2024 YesAsia’s FY23 revenue increased by 56.6% YoY to US$201m, driven by i) a significant increase in E-commerce platform customers from 1.02m in FY22 to 1.45m in FY23; and ii) average order size up from US$77.0 in FY22

    Crosby_research April 9, 2024 RESEARCH Read more

    CROSBY Research – EVA Holdings (838 HK): Auto equipment drove FY23 growth

    CROSBY Research – EVA Holdings (838 HK): Auto equipment drove FY23 growth

    08 Apr 2024 Facing the on-going uncertain international market, geopolitical condition and interest rate hikes which significantly dampened downstream customers’ consumption desire, EVA Precision’s (EVAP) FY23 turnover decreased marginally by 1.4% YoY to HK$6.2bn. FY23 NP, however went up by

    Crosby_research April 8, 2024 RESEARCH Read more

    CROSBY Research – China Lesso (2128 HK/BUY): New business venture to foster future growth

    CROSBY Research – China Lesso (2128 HK/BUY): New business venture to foster future growth

    05 Apr 2024 2023 was a recovery year for China Lesso from the pandemic outbreak against the backdrop of interest rate hikes, decreased investment and the ongoing geopolitical conflicts in 2023. The company still managed to register a marginal increase

    Crosby_research April 5, 2024April 5, 2024 RESEARCH Read more

    CROSBY Research – Xiabuxiabu (520 HK/BUY): FY23 net loss narrowed on higher revenue and GPM

    CROSBY Research – Xiabuxiabu (520 HK/BUY): FY23 net loss narrowed on higher revenue and GPM

    05 Apr 2024 Xiabu’s FY23 revenue was up by 25.3% YoY to Rmb5,918m, mainly driven by i) a net open of 72 restaurants to a total of 1,098 by end-FY23; and ii) higher traffic per store. Revenue from its main

    Crosby_research April 5, 2024April 5, 2024 RESEARCH Read more

    CROSBY Research – China Suntien Green Energy (956 HK/BUY): Increasing capex in FY24

    CROSBY Research – China Suntien Green Energy (956 HK/BUY): Increasing capex in FY24

    02 Apr 2024 FY23 revenue was up by 9.3% YoY to Rmb20.3bn, mainly due to the 15.0% YoY growth in NG sales, which accounted for 69.2% of total revenue (FY22: 65.7%), partly offset by the 1.6% YoY decrease in sales

    Crosby_research April 2, 2024April 2, 2024 RESEARCH Read more

    CROSBY Research – Anta Sports (2020 HK/BUY): FY23 NP up by 35% YoY, better than expected

    CROSBY Research – Anta Sports (2020 HK/BUY): FY23 NP up by 35% YoY, better than expected

    28 Mar 2024 Anta’s FY23 revenue was up by 16.2% YoY to Rmb62.36bn driven by the YoY rise in Anta brand/ FILA/ Other brands by 9.3%/ 16.6%/ 57.7% to Rmb30.31bn/Rmb25.1bn/ Rmb6.95bn respectively driven by the recovery in the retail market.

    Crosby_research March 28, 2024March 28, 2024 RESEARCH Read more
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