股票研究報告
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股票研究報告
Mao Geping Cosmetics (1318 HK, BUY) - Robust 2H25 results; Reiterating 30% revenue growth Wong Ming Him, Joseph 2026-03-27
小马智行 (PONY US) - 一次性收入使季度盈利,自营与联合部署加速全球扩张 梁勇活,殷浩程 2026-03-27
PONY AI (PONY US) - One-time revenue lifts 4Q profit as proprietary and joint deployments to drive global expansion Liang Yonghuo,Harrison, Yin Haocheng 2026-03-27
Xtep (1368 HK, BUY) - Solid 2H25 performance; Saucony maintains strong growth Wong Ming Him, Joseph 2026-03-27
泡泡玛特 (9992 HK) - 结构性调整带来不确定性;下调至减持评级 黄铭谦 2026-03-27
MEITUAN (3690 HK, BUY) - Business improvement trend clear, loss-narrowing path steady Li Yishan, Crystal,Wong Tang Kit, Tommy,Zhang Henan 2026-03-27
Geely (175 HK, BUY) - Management share purchases signal strong confidence, market expectations remain mispriced Liang Yonghuo,Harrison, Yin Haocheng 2026-03-27
招商证券(国际)早会纪要 20260327 招商香港研究部 2026-03-27
Pop Mart (9992 HK) - A structural reset; D/G to SELL Wong Ming Him, Joseph 2026-03-26
Mengniu Dairy (2319 HK, HOLD) - 2H in-line; shareholder return plan a long-term positive Wong Ming Him, Joseph 2026-03-26
RoboSense (2498 HK) - First profitable quarter; strong shipment guidance and new business ramp-up supporting long-term growth Liang Yonghuo,Harrison, Yin Haocheng 2026-03-26
Kuaishou (1024 HK) - Short-term investment strengthens long-term competitiveness Li Yishan, Crystal,Wong Tang Kit, Tommy,Zhang Henan 2026-03-26
快手科技 (1024 HK) - 短期投入增强长期竞争力 李怡珊,王腾杰,张贺楠 2026-03-26
速腾聚创 (2498 HK) - 四季度成功扭亏,26年出货高增及新业务驱动增长 梁勇活,殷浩程 2026-03-26
CR Pharmaceutical (3320 HK) - FY25 results beat, a strong start for 15th Five-Year Plan Chen Zhuhong, Jonah,Tan Zhen,Chen Hongdao, George 2026-03-26
华润医药 (3320 HK) - 2025全年业绩超预期,夯实运营,迎十五五良好开局之年 陈铸鸿,谭震,陈泓道 2026-03-26
Pinduoduo (PDD US, BUY) - Strengthen supply chain investment to build long term barriers Li Yishan, Crystal,Wong Tang Kit, Tommy,Zhang Henan 2026-03-26
招商证券(国际)早会纪要 20260326 招商香港研究部 2026-03-26
禾赛科技 (HSAI US) - 四季度收入受ASP扰动,关注出货上修及新增长引擎 梁勇活,殷浩程 2026-03-25
HESAI (HSAI US) - 4Q25 revenue dragged by ASP pressure, focus shifts to shipment and emerging growth drivers Liang Yonghuo,Harrison, Yin Haocheng 2026-03-25
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