| 【Company Research】Zenergy (3677 HK) - NDR takeaways and 1H26 earnings preview |
| 【Company Research】Tuhu Car (9690 HK) - 1H26E preview: Accelerated store expansion |
| 【Company Research】Iluvatar CoreX (9903 HK) - Strong order momentum and new product to extend growth runway; raise TP to HK$878 |
| 【Company Research】Yancoal Australia (3668 HK) - Strong sales volume in 2Q26 alongside increased ASP |
| 【Company Research】MiniMax Group (100 HK) - NDR takeaway: upbeat on model upgrade in 2H26; monetization on track |
| 【Company Research】Horizon Robotics (9660 HK) - 1H26 earnings preview: largely on track; HSD sales to accelerate in 2H26 |
| 【Sector Research】Capital Goods - Strong growth of crane exports in Jun; AWP continues to see surprise |
| 【Company Research】JD.com (JD US) - Expecting better-than-feared 2Q26 results |
| 【Company Research】Weichai Power (2338 HK/000338 CH) - Positive on SOFC after our London visit to Ceres Power |
| 【Company Research】Ceres Power (CWR LN) - Key takeaways from London visit |
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