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    RESEARCH

    CROSBY Research – Stella International (1836 HK): Ramping up its capacity in the coming 3 years

    CROSBY Research – Stella International (1836 HK): Ramping up its capacity in the coming 3 years

    20 Mar 2023 Stella’s FY22 revenue was up by 5.9% YoY to US$1,631m, mainly driven by a 0.4% YoY increase in shipment to 56.0m pairs and 5.2% YoY increase in ASP to US$28.5/pair (FY21: US$27.1/pair). GPM was up by 1.0ppt

    Crosby_research March 20, 2023March 20, 2023 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 31)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 31)

    13 Mar 2023 While the collapse in SVB will unlikely trigger another financial crisis, it could have a negative psychological impact on China markets. Many Chinese tech start-ups, especially those with dollar funding, have opened U.S. accounts at SVB. At

    Crosby_research March 13, 2023March 13, 2023 RESEARCH Read more

    CROSBY Research – Concord New Energy (182 HK/BUY): Bodes well into the grid parity era

    CROSBY Research – Concord New Energy (182 HK/BUY): Bodes well into the grid parity era

    08 Mar 2023 CNE’s FY22 revenue was up by 22.0% YoY to Rmb2,679m, mainly due to a 20.9% YoY increase in power sales, which accounted for 78.9% of total revenue (FY21: 79.6%). Revenue from wind power rose by 13.9% YoY

    Crosby_research March 8, 2023March 8, 2023 RESEARCH Read more

    CROSBY Research – Pentamaster International (1665 HK/BUY): Order book surged in 4Q22 driven by strong automotive and medical devices demand

    CROSBY Research – Pentamaster International (1665 HK/BUY): Order book surged in 4Q22 driven by strong automotive and medical devices demand

    02 Mar 2023 Pentamaster’s 4Q22 revenue increased 20.6% YoY from MYR122.4m in 4Q21 to MYR147.7m. Automated Test Equipment (ATE) segment revenue increased 9.5% YoY to MYR94.4m on strong demand from automotive business. Factory Automation Solutions (FAS) segment revenue surged 47.3%

    Crosby_research March 2, 2023March 2, 2023 RESEARCH Read more

    CROSBY Research – SIIC Environment (807 HK): Further expansion in GBA & YREB regions

    CROSBY Research – SIIC Environment (807 HK): Further expansion in GBA & YREB regions

    01 Mar 2023 SIIC reported its FY22 result with an increase in revenue by 14.3% to Rmb8.3bn (2021: Rmb7.3bn), driven by i) 10.4% YoY increase in operation revenue to Rmb3.46bn in the light of the 1.5%/3.1% YoY growth in WWT/water

    Crosby_research March 1, 2023March 1, 2023 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 30)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 30)

    27 Feb 2023 Christopher Hui, secretary for HKSAR financial services and the treasury, said on Sunday that the HKEX will adopt new main board listing rules in March to allow listings by technology companies with no revenue or profit, and

    Crosby_research February 27, 2023 RESEARCH Read more

    CROSBY Research – Vincent Medical (1612 HK/Neutral): Weak respiratory sales and inventory pile-up dented bottom line

    CROSBY Research – Vincent Medical (1612 HK/Neutral): Weak respiratory sales and inventory pile-up dented bottom line

    14 Feb 2023 Vincent Medical (VM) issued a profit warning citing that its FY22 reported net profit is expected to turn into a loss of HK$15.0m to HK$20.0 as compared to a net profit of HK$60.7m in FY21. The loss,

    Crosby_research February 14, 2023 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 29)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 29)

    13 Feb 2023 The Chinese medical device market is one of opportunities. It is both large and growing. China is among the ten largest medical devices markets worldwide and is regarded as one of the most promising markets. According to

    Crosby_research February 13, 2023 RESEARCH Read more

    CROSBY Research – Nagacorp (3918 HK): Recovering from the pandemic

    CROSBY Research – Nagacorp (3918 HK): Recovering from the pandemic

    10 Feb 2023 Naga’s FY22 revenue was up by 104% YoY to US$461m, mainly driven by 1) 207%/183%/87.8% YoY increase in mass market tables/mass market EGM/premium market given the fast recovery of international particularly ASEAN visitors to Cambodia and the

    Crosby_research February 10, 2023 RESEARCH Read more

    CROSBY Research – Vinda International (3331 HK): The worst should be over

    CROSBY Research – Vinda International (3331 HK): The worst should be over

    31 Jan 2023 Vinda announced FY22 results, with revenue increased by 8.1% YoY to HK$19.4bn, driven by resilient growth of 7.8%/ 9.6% YoY in the tissue/ personal care segment to HK$16.1bn/HK$3.3bn. Hit by the spreading of pandemic in China, 4Q22

    Crosby_research January 31, 2023January 31, 2023 RESEARCH Read more
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