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.

Thematic (Sector/Industry)

<div><div><div><div><ul><li>Consumption sentiment and offline activities’ recovery pace continued to weigh on internet sector’s 3Q financials performance.</li><li>Looking into 4Q and 2023, business model robustness, operating leverage improvement, and ability to expand into new revenue streams will be the key stock alpha drivers, while the heavily under-owned China Internet sector will remain sensitive to policies and other sentiment related beta drivers.</li><li>We expect leading technology companies will play vital role in building digital infrastructure and empowering enterprise digital transformation. </li></ul></div></div></div></div><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>

Consumption sentiment and offline activities’ recovery pace continued to weigh on internet sector’s 3Q financials performance.Looking into 4Q and 2023, business model robustness, operating leverage improvement, and ability to expand into new revenue streams will be the key stock alpha drivers, while the heavily under-owned China Internet sector will remain sensitive to policies and other sentiment related beta drivers.We expect leading technology companies will play vital role in building digital infrastructure and empowering enterprise digital transformation. 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.

China Internet Sector – 3Q22 preview: near term bumpy recovery

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>Chinese video game companies led by Tencent and NetEase are turning to global business expansion in search of fresh revenue sources as domestic growth plateaus and regulatory scrutiny tightens. </li><li>They’re joining e-commerce platforms and online tutors as China’s internet businesses look beyond China for differing reasons.</li><li>While weakening consumption at home is driving e-commerce platforms, video game developers are pushing out their business boundaries and creating more jobs abroad chiefly out of concerns over tightening domestic regulations.</li></ul>

Chinese video game companies led by Tencent and NetEase are turning to global business expansion in search of fresh revenue sources as domestic growth plateaus and regulatory scrutiny tightens. They’re joining e-commerce platforms and online tutors as China’s internet businesses look beyond China for differing reasons.While weakening consumption at home is driving e-commerce platforms, video game developers are pushing out their business boundaries and creating more jobs abroad chiefly out of concerns over tightening domestic regulations.

Chinese Video Game Developers Take On the World

Cross Asset Strategy

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<p>Chinese video game developers take on the world</p>
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<p>China’s graft watchdog says 4.6 million investigated for corruption since 2012</p>
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<p>Chinese airlines to add international routes in wake of eased Covid rules</p>
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Chinese video game developers take on the world


China’s graft watchdog says 4.6 million investigated for corruption since 2012


Chinese airlines to add international routes in wake of eased Covid rules



CX Daily: Chinese Video Game Developers Take On the World

<ul><li><p>In Depth: Verdict reversal in high-profile murder stands out amid exoneration trend</p></li><li><p>China’s local governments sell assets as fiscal income slumps</p></li><li><p>Trending in China: Defense of China’s centuries of isolationist policies sparks debate</p></li></ul>

In Depth: Verdict reversal in high-profile murder stands out amid exoneration trendChina’s local governments sell assets as fiscal income slumpsTrending in China: Defense of China’s centuries of isolationist policies sparks debate

CX Daily: Verdict Reversal in High-Profile Murder Stands Out Amid Exoneration Trend

<ul><li><p>In Depth: College student depression hides anxieties about jobs and Covid</p></li><li><p>Some Chinese colleges won’t let students graduate without proof of employment</p></li><li><p>Regulatory reform forces China’s trust firms to cut back on risky lending</p></li></ul>

In Depth: College student depression hides anxieties about jobs and CovidSome Chinese colleges won’t let students graduate without proof of employmentRegulatory reform forces China’s trust firms to cut back on risky lending

CX Daily: College Student Depression Hides Anxieties About Jobs And Covid

China

NetEase is a Chinese Internet technology company that provides online services across various sectors. Its core businesses include the development and operation of desktop and mobile games, alongside services in news aggregation, music streaming (NetEase Cloud Music), online education (Youdao), advertising, email, and e-commerce (Yanxuan). The company is headquartered in Hangzhou, China, and was founded in June 1997.

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NetEase (9999 HK)

China Internet Sector – 3Q22 preview: near term bumpy recovery

We expect leading technology companies will play vital role in building digital infrastructure and empowering enterprise digital transformation.

CMB International

Chinese Video Game Developers Take On the World

Chinese video game companies led by Tencent and NetEase are turning to global business expansion in search of fresh revenue sources

Caixin Global

CX Daily: Chinese Video Game Developers Take On the World

Chinese video game developers take on the world. China’s graft watchdog says 4.6 million investigated for corruption since 2012.

Caixin Global

CX Daily: Verdict Reversal in High-Profile Murder Stands Out Amid Exoneration Trend

In Depth: Verdict reversal in high-profile murder stands out amid exoneration trend. China’s local governments sell assets as fiscal income slumps

Caixin Global

CX Daily: College Student Depression Hides Anxieties About Jobs And Covid

In Depth: College student depression hides anxieties about jobs and Covid. Some Chinese colleges won’t let students graduate without proof of...

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)