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    RESEARCH

    CROSBY Research – Anta Sports (2020 HK/BUY): Expanding presence by acquiring a reputable yoga apparel brand

    CROSBY Research – Anta Sports (2020 HK/BUY): Expanding presence by acquiring a reputable yoga apparel brand

    17 Oct 2023 Anta announced its 3Q23 operational results, with retail sales of Anta brand up by HSD YoY, in which Anta core grew by HSD YoY while Anta Kids up by LSD YoY. In terms of sales channel, offline

    Crosby_research October 17, 2023October 17, 2023 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 45)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 45)

    16 Oct 2023 A string of Chinese industrial firms, ranging from construction machinery, infrastructure machinery and industrial machinery are going global through expanding their footprint in recent years. Despite the uncertainties and challenges in the global market, more and more

    Crosby_research October 17, 2023October 17, 2023 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 44)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 44)

    03 Oct 2023 China’s official manufacturing purchasing managers’ index (PMI) rose to 50.2 from 49.7 in August, the first time it has indicated expansion since March, according to the National Bureau of Statistics on Saturday. A PMI reading above 50

    Crosby_research October 3, 2023October 3, 2023 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 43)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 43)

    18 Sep 2023 Chinese catering industry is anticipated to grew by 18% YoY to Rmb5,178m in 2023, and with the social restrictions lifted earlier this year, the industry already rebounded by 21% YoY to Rmb2,433bn in 1H23. Hotpot industry is

    Crosby_research September 18, 2023September 18, 2023 RESEARCH Read more

    CROSBY Research – Xiabuxiabu (520 HK/BUY): A little pot goes a long way

    CROSBY Research – Xiabuxiabu (520 HK/BUY): A little pot goes a long way

    18 Sep 2023 Chinese catering industry is anticipated to grew by 18% YoY to Rmb5,178m in 2023, and with the social restrictions lifted earlier this year, the industry already rebounded by 21% YoY to Rmb2,433bn in 1H23. Hotpot industry is

    Crosby_research September 18, 2023September 18, 2023 RESEARCH Read more

    CROSBY Research – Channel Micron (2115 HK/BUY): Slower China business but strong momentum in Malaysia and Europe

    CROSBY Research – Channel Micron (2115 HK/BUY): Slower China business but strong momentum in Malaysia and Europe

    07 Sep 2023 Channel Micron’s 1H23 revenue plunged by 43% YoY to Rmb144.2m. Cleanroom wall and ceiling systems sales lowered by 45% YoY to Rmb130.3m on decreasing semiconductor factory investment in China due to US-China trade tensions. Cleanroom equipment segment

    Crosby_research September 7, 2023September 7, 2023 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 42)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 42)

    04 Sep 2023 China saw net foreign capital inflows in 1H23, with an increased purchase of domestic stocks and bonds by foreign investors. Among them, foreign investors purchased nearly US$79bn worth of domestic bonds. However, data also showed global investors

    Crosby_research September 4, 2023September 4, 2023 RESEARCH Read more

    CROSBY Research – Suntien Green Energy (956 HK/BUY): NG/Wind NP down by 48%/8% YoY

    CROSBY Research – Suntien Green Energy (956 HK/BUY): NG/Wind NP down by 48%/8% YoY

    04 Sep 2023 1H23 revenue was down by 1.7% YoY to Rmb10.0bn, mainly due to 1) 2.8% YoY decline in NG sales, which accounted for 66.0% of total revenue (1H22: 66.7%), on the back of a 2.9% YoY decline in

    Crosby_research September 4, 2023September 4, 2023 RESEARCH Read more

    CROSBY Research – NFI (1837 HK/BUY): New channel business continued its growth momentum with 8,135 POS

    CROSBY Research – NFI (1837 HK/BUY): New channel business continued its growth momentum with 8,135 POS

    31 Aug 2023 NFI’s 1H23 revenue was up by 4.0% YoY to Rmb874m. Offline channel sales, which accounted for 58.9% of total sales (1H22: 61.1%), edged up 0.2% YoY to Rmb515m on the back of i) a 34.9% YoY increase

    Crosby_research August 31, 2023 RESEARCH Read more

    CROSBY Research – IGG (799 HK/BUY): Multiple growth drivers from Doomsday, Viking Rise, and App business

    CROSBY Research – IGG (799 HK/BUY): Multiple growth drivers from Doomsday, Viking Rise, and App business

    30 Aug 2023 IGG announced 1H23 results with revenue edged up by 0.5% YoY to HK$2,499m. Revenue of Lords Mobile (LM) decreased 17.5% YoY to HK$1,657m. Revenue of Doomsday and Viking Rise reached HK$250m and HK$123m. Revenue of APP business

    Crosby_research August 30, 2023August 30, 2023 RESEARCH Read more
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