External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Equity Bottom-Up

<ul><li>In terms of further growth potential, we believe Amazon’s e-commerce business still has ample potential in both the US and global markets.</li><li>AWS is backed by strong technological capability and generative AI opens more opportunities.</li><li>The continuous increase in retail business efficiency and improvement in economies of scale will help boost profitability in our view, backed by regionalization strategy, reduction in cost to serve, and rising revenue contribution from platform business. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In terms of further growth potential, we believe Amazon’s e-commerce business still has ample potential in both the US and global markets.AWS is backed by strong technological capability and generative AI opens more opportunities.The continuous increase in retail business efficiency and improvement in economies of scale will help boost profitability in our view, backed by regionalization strategy, reduction in cost to serve, and rising revenue contribution from platform business. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Amazon (AMZN US) - Steady Ship Heading for New Growth Stage

Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>NTES/700 HK: Tencent's &lt;Dream Star&gt; didn't perform as well as NetEase's &lt;Eggy Party&gt; during the Spring Festival.(+/-)</li>
<li>PDD/AMZN/SHEIN: Temu search queries pass SHEIN after running Super Bowl ads (+/-/-)</li>
<li>ZTO/1519 HK/PDD/BABA: Parcel volume delivery increased ~31% during the Spring Festival period (+)</li>
</ul>


NTES/700 HK: Tencent's &lt;Dream Star&gt; didn't perform as well as NetEase's &lt;Eggy Party&gt; during the Spring Festival.(+/-)
PDD/AMZN/SHEIN: Temu search queries pass SHEIN after running Super Bowl ads (+/-/-)
ZTO/1519 HK/PDD/BABA: Parcel volume delivery increased ~31% during the Spring Festival period (+)


[Blue Lotus Daily - TMT Update]: NTES/700 HK/PDD/AMZN/SHEIN/ZTO/1519 HK/PDD/BABA

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Equity Capital Markets

<ul>
<li>The effects of SHEIN's and Temu's growth on US retail are already well known</li>
<li>But recent data points show the companies impacting other industries, too</li>
<li>Through their dramatic growth the two companies are gaining influence in US </li>
</ul>


The effects of SHEIN's and Temu's growth on US retail are already well known
But recent data points show the companies impacting other industries, too
Through their dramatic growth the two companies are gaining influence in US 


Dramatic Growth of SHEIN & Temu Having Noticeable Impact On Segments Outside Of US Retail

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Amazon.com reported bullish Q4 2023 financial results.</li><li>Revenue stood at $170 billion, indicating an upsurge of 13% year-over-year, barring the impact of foreign exchange rates.</li><li>Operating income hiked up to $13.2 billion, showing a YoY growth of 383% or a surge of $10.5 billion.</li></ul>

Amazon.com reported bullish Q4 2023 financial results.Revenue stood at $170 billion, indicating an upsurge of 13% year-over-year, barring the impact of foreign exchange rates.Operating income hiked up to $13.2 billion, showing a YoY growth of 383% or a surge of $10.5 billion.

Amazon.com Inc:  Increased Efforts to Improve Cost Efficiency and Innovation & 5 Other Strategies For 2024! - Financial Forecasts

CEO, Helixtap

Farah Miller

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Commodities

<ul><li>New CEO Mark Stewart previously from Stellantis and Amazon, needs to balance Elliot’s plan for the Company  </li><li>Managing heritage against new vision for the Company.  </li><li>Goodyear has said it is seeking to follow Pirelli’s lead in the car tire segment – that is the higher margin 18-inch upwards rim sizes; electric vehicle fitments and so on.</li></ul>

New CEO Mark Stewart previously from Stellantis and Amazon, needs to balance Elliot’s plan for the Company  Managing heritage against new vision for the Company.  Goodyear has said it is seeking to follow Pirelli’s lead in the car tire segment – that is the higher margin 18-inch upwards rim sizes; electric vehicle fitments and so on.

United States

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products.  Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

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Amazon (AMZN US)

Amazon (AMZN US) - Steady Ship Heading for New Growth Stage

In terms of further growth potential, we believe Amazon’s e-commerce business still has ample potential in both the US and global markets.

CMB International

[Blue Lotus Daily - TMT Update]: NTES/700 HK/PDD/AMZN/SHEIN/ZTO/1519 HK/PDD/BABA

NetEase's outperformed Tencent's during Spring Festival; Temu search queries surpass SHEIN after Super Bowl ads; Parcel delivery volume up 31%...

Blue Lotus Research Institute

Dramatic Growth of SHEIN & Temu Having Noticeable Impact On Segments Outside Of US Retail

Recent data points show SHEIN and Temu are beginning to have noticeable impacts on US industries other than retail, including domestic express...

Tracking Traffic

Amazon.com Inc: Increased Efforts to Improve Cost Efficiency and Innovation & 5 Other Strategies For 2024! - Financial Forecasts

Amazon.com reported bullish Q4 2023 financial results. Revenue stood at $170 billion, indicating an upsurge of 13% year-over-year, barring the...

Baptista Research

Changes At The Top Of Goodyear

January was a decisive month for the Goodyear Tire & Rubber company. Most significantly, a replacement for Rich Kramer as President and CEO took...

Helixtap

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52-week Range

Market Cap (USDm)

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Amazon (AMZN US) - Steady Ship Heading for New Growth Stage

In terms of further growth potential, we believe Amazon’s e-commerce business still has ample potential in both the US and global markets.

CMB International

[Blue Lotus Daily - TMT Update]: NTES/700 HK/PDD/AMZN/SHEIN/ZTO/1519 HK/PDD/BABA

​NetEase's outperformed Tencent's during Spring Festival; Temu search queries surpass SHEIN after Super Bowl ads; Parcel delivery volume up 31%...

Blue Lotus Research Institute

Dramatic Growth of SHEIN & Temu Having Noticeable Impact On Segments Outside Of US Retail

Recent data points show SHEIN and Temu are beginning to have noticeable impacts on US industries other than retail, including domestic express...

Tracking Traffic

Amazon.com Inc: Increased Efforts to Improve Cost Efficiency and Innovation & 5 Other Strategies For 2024! - Financial Forecasts

Amazon.com reported bullish Q4 2023 financial results. Revenue stood at $170 billion, indicating an upsurge of 13% year-over-year, barring the...

Baptista Research

Changes At The Top Of Goodyear

January was a decisive month for the Goodyear Tire & Rubber company. Most significantly, a replacement for Rich Kramer as President and CEO took...

Helixtap

NetEase's outperformed Tencent's during Spring Festival; Temu search queries surpass SHEIN after Super Bowl ads; Parcel delivery volume up 31%...