Salesforce (CRM US) - CRPO Growth Moderating on Macro Headwind
Salesforce announced 1QFY25 financial results: total revenue grew 11% YoY to US$9.13bn, in line with consensus estimate; non-GAAP operating income...
253 Views
Semi - Global Foundry Sector Stabilizing in 2024, Modest Recovery Expected in 2025
The market growth turned positive to 6.5% and 9.8% QoQ in 3Q/4Q23, per Counterpoint. We hold a positive outlook for semi foundry sector.
171 Views
JOYY Inc (YY US) - Looking Beyond 2Q24E’s Soft Seasonality
Given soft seasonality of livestreaming, we expect total revenue +1.2% YoY in 2Q24E, with adj. net profit at US$50mn. We estimate Bigo’s ramp-up of...
185 Views
Baozun (BZUN US) - A Solid Start with Steady Transition Year
Baozun’s 1Q24 results were better-than-feared, in which revenue +5% YoY (4% above consensus) and bottom line came in at -RMB15mn (vs. consensus of ...
228 Views
HRINTH: Will Huarong do another round of bond repurchase after completion of share transfer?
While the conviction levels of HRINTHs are lower after a good run since 2H23, HRINTHs, especially HRINTH 4.25 Perp, remain to be our top picks in...
206 Views