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    RESEARCH

    CROSBY Research – 361 Degrees (1361 HK/BUY): Promising outlook

    CROSBY Research – 361 Degrees (1361 HK/BUY): Promising outlook

    17 Aug 2023 1H23 revenue increased by 18.0% YoY to Rmb4.31bn, with core brand retail value up by low-teens/low-teens YoY and that of 361º Kids up by +20-25%/+20-25% YoY in 1Q/2Q. GPM edged up by 0.2ppt YoY to 41.7%, as

    Crosby_research August 17, 2023August 17, 2023 RESEARCH Read more

    CROSBY Research – Pentamaster (1665 HK/BUY): Steady 2Q23 revenue growth, medical devices will drive 2H23 momentum

    CROSBY Research – Pentamaster (1665 HK/BUY): Steady 2Q23 revenue growth, medical devices will drive 2H23 momentum

    16 Aug 2023 Pentamaster’s 2Q23 revenue increased 16.8% YoY from MYR151.3m in 2Q22 to MYR176.8m. Automated Test Equipment (ATE) segment revenue surged 35.0% YoY to MYR148.5m on strong demand for EV product solutions. Factory Automation Solutions (FAS) segment revenue declined

    Crosby_research August 16, 2023 RESEARCH Read more

    CROSBY Research – Greentech(1257 HK/BUY): Increasing EBITDA for its biomass segment

    CROSBY Research – Greentech(1257 HK/BUY): Increasing EBITDA for its biomass segment

    15 Aug 2023 CEG’s 1H23 revenue was down by 9% YoY to HK$3,820m, driven by a mixture of factors: 1) 43% YoY decrease in HWT business on the back of -15%/-89% YoY in operation /construction revenue; 2) 0.3% increase in

    Crosby_research August 15, 2023 RESEARCH Read more

    CROSBY Research – SIIC (807 HK): Growth driven by the new Baoshan project

    CROSBY Research – SIIC (807 HK): Growth driven by the new Baoshan project

    14 Aug 2023 SIIC’s 1H23 revenue increased by 9.0% YoY to Rmb4.02bn, mainly driven by 1) 12.1% YoY increase in operation segment including operating and maintenance income & financial income from service concession arrangements as the Baoshan Project commenced operation

    Crosby_research August 14, 2023August 14, 2023 RESEARCH Read more

    CROSBY Research – Q-Tech (1478 HK/BUY): Expect the recovery trajectory to maintain in 2H23, maintain BUY rating

    CROSBY Research – Q-Tech (1478 HK/BUY): Expect the recovery trajectory to maintain in 2H23, maintain BUY rating

    11 Aug 2023 Q-Tech reported 1H23 revenue of Rmb5,477m, which decreased 22.8% YoY. 1H23 total CCM shipment decreased 20.2% YoY to 170.0m units with ASP declined 3.8% YoY to Rmb29.4. FPM shipment stayed flat YoY in 1H23 with ASP plunged

    Crosby_research August 11, 2023August 14, 2023 RESEARCH Read more

    CROSBY Research – TMT sector: Review of 2Q23 smartphone shipment and market share

    CROSBY Research – TMT sector: Review of 2Q23 smartphone shipment and market share

    07 Aug 2023 According to the latest data from IDC, despite global smartphone shipment contracted for the eighth consecutive quarter to 265.3mn units in 2Q23, the rate of decline has gradually slowed from a contraction of 18.3%/ 14.6% YoY in

    Crosby_research August 7, 2023August 7, 2023 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 40)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 40)

    07 Aug 2023 Global/ China smartphone shipment decline narrowed in 2Q23. Transsion made into top five global ranking in 2Q23; Huawei re-entered top five in China market. Apple Jun quarter results dragged by weak iPhone, Mac and iPad sales. China’s

    Crosby_research August 7, 2023August 7, 2023 RESEARCH Read more

    CROSBY Research – Concord (182 HK/BUY): Inline 1H23 results, maintain BUY

    CROSBY Research – Concord (182 HK/BUY): Inline 1H23 results, maintain BUY

    03 Aug 2023 CNE’s 1H23 revenue was up by 11.3% YoY to Rmb1,490m, mainly due to a 14.5% YoY increase in power sales, which accounted for 80.2% of total revenue (1H22: 78.0%). Revenue from wind power rose by 14.1% YoY

    Crosby_research August 3, 2023 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 39)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 39)

    24 Jul 2023 The Fed will publish the FOMC Statement next Wednesday, followed by a press conference where the Chair, Jerome Powell, will answer questions from financial journalists. The Fed is widely expected to raise the funds rate by another

    Crosby_research July 24, 2023 RESEARCH Read more

    CROSBY Research – CTF (1929 HK): Significant post-pandemic recovery

    CROSBY Research – CTF (1929 HK): Significant post-pandemic recovery

    12 Jul 2023 In 1QFY24, Chow Tai Fook recorded YoY growth in retail sales value by 29.4% with RSV of Mainland China/ HK & Macau and other markets grew by 25.2%/64.0% YoY respectively. The continual recovery post pandemic has bring

    Crosby_research July 12, 2023July 12, 2023 RESEARCH Read more
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