| CMBI Fixed Income - Macau gaming: GGR continues to recover and funding access normalized |
| 【Company Research】JS Global Lifestyle (1691 HK) - Joyoung may turn around while SharkNinja’s repaid growth continues |
| 【Company Research】Leads Biolabs (9887 HK) - Developing next-generation immuno-oncology therapies |
| 【Company Research】China Life (2628 HK) - 2Q earnings dip could be short-term; DPS uptrend a bright spot |
| 【Company Research】NIO Inc. (NIO US/9866 HK) - Fair valuation with continued net loss in FY26E |
| 【公司研究】豪威集团 (603501 CH) - 上半年业绩稳健；维持“买入”评级 |
| 【Company Research】ZTE (763 HK/000063 CH) - AI server momentum drives growth; A key beneficiary of AI infrastructure and localization |
| 【公司研究】深南电路 (002916 CH) - 二季度业绩强劲：销售创新高，利润率扩张；维持“买入”评级 |
| 【公司研究】地平线机器人 (9660 HK) - 上半年业绩回顾：量价齐升驱动收入增长68% |
| 【公司研究】北方华创 (002371 CH) - 长期增长轨迹稳健，无惧季节性波动影响；维持“买入”评级 |
Address: 45th & 46th Floor, Champion Tower, 3 Garden Road, Central, Hong Kong
Telephone: （852）3900 0888 Fax:（852）3761 8788
Copyright © 2019-2025 CMB International Capital Corporation Limited. All rights reserved.
