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>SenseTime announced 1H23 financial results on 28 Aug: total revenue resumed positive YoY growth of 1% and reached RMB1.43bn; adjusted net loss narrowed by 7% YoY to RMB2.39bn, in line with our estimate.</li><li>SenseTime optimized its business strategy: reduce exposure to non-core Smart City business and focus on the development of its Generative AI business, revenue of which has already accounted for 20% of 1H23 total revenue.</li><li>We expect the adjustment will refuel total revenue to grow 18% YoY and unleash operating leverage in 2H23E. </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>

SenseTime announced 1H23 financial results on 28 Aug: total revenue resumed positive YoY growth of 1% and reached RMB1.43bn; adjusted net loss narrowed by 7% YoY to RMB2.39bn, in line with our estimate.SenseTime optimized its business strategy: reduce exposure to non-core Smart City business and focus on the development of its Generative AI business, revenue of which has already accounted for 20% of 1H23 total revenue.We expect the adjustment will refuel total revenue to grow 18% YoY and unleash operating leverage in 2H23E. 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.

SenseTime (20 HK) – Focus on Generative AI Business Development

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

Cross Asset Strategy

<ul><li>Huawei /: Five things to know about Huawei’s new smart car venture</li><li>Banking /: China’s Bank of Communications added to global too-big-to-fail banks list</li><li>Corruption /: Former Guangdong prison chief expelled from Party for graft</li></ul>

Huawei /: Five things to know about Huawei’s new smart car ventureBanking /: China’s Bank of Communications added to global too-big-to-fail banks listCorruption /: Former Guangdong prison chief expelled from Party for graft

CX Daily: Five Things to Know About Huawei’s New Smart Car Venture

<ul><li>Country Garden /Cover Story: Clock ticking on Country Garden’s debt bomb</li><li>Tax /: China extends tax incentives by two years to bolster housing market</li><li>Housing /: Li Auto’s first pure EV to use CATL’s fast-charging batteries</li></ul>

Country Garden /Cover Story: Clock ticking on Country Garden’s debt bombTax /: China extends tax incentives by two years to bolster housing marketHousing /: Li Auto’s first pure EV to use CATL’s fast-charging batteries

CX Daily: Clock Ticking on Country Garden’s Debt Bomb

Macroeconomics

<ul><li>China’s top decision-making body on Monday highlighted the need to boost domestic demand and for policies to prop up the country’s private economy.</li><li>The July Politburo meeting is closely watched for signs of measures Beijing will implement to shore up growth, as the country’s post-pandemic economic recovery has lost momentum over the past few months.</li><li>“At the moment, the economy is facing new difficulties and challenges — mainly insufficient domestic demand, difficulties in the operations of some enterprises, risks and hidden dangers in key areas, and a complex and severe external environment,” stated the readout of the meeting chaired by President Xi Jinping.</li></ul>

China’s top decision-making body on Monday highlighted the need to boost domestic demand and for policies to prop up the country’s private economy.The July Politburo meeting is closely watched for signs of measures Beijing will implement to shore up growth, as the country’s post-pandemic economic recovery has lost momentum over the past few months.“At the moment, the economy is facing new difficulties and challenges — mainly insufficient domestic demand, difficulties in the operations of some enterprises, risks and hidden dangers in key areas, and a complex and severe external environment,” stated the readout of the meeting chaired by President Xi Jinping.

China Politburo Targets Boosting Domestic Demand, Private Sector

<ul><li>Mortgage /: Five things to know about early mortgage repayments in China</li><li>Sandstorm /: China hit by yet another sandstorm as capital chokes in dust cloud</li><li>Brokerages /: Bear market saps Chinese brokerages’ 2022 earnings</li></ul>

Mortgage /: Five things to know about early mortgage repayments in ChinaSandstorm /: China hit by yet another sandstorm as capital chokes in dust cloudBrokerages /: Bear market saps Chinese brokerages’ 2022 earnings

CX Daily: Five Things to Know About Early Mortgage Repayments in China

China

SenseTime Group Inc. offers information technology services. The Company develops artificial intelligence software products, computer vision software products, and other products. SenseTime Group provides its services throughout China.

SenseTime Group (20 HK)

SenseTime (20 HK) – Focus on Generative AI Business Development

SenseTime announced 1H23 financial results on 28 Aug: total revenue resumed positive YoY growth of 1% and reached RMB1.43bn; adjusted net loss...

CMB International

CX Daily: Five Things to Know About Huawei’s New Smart Car Venture

Huawei /: Five things to know about Huawei’s new smart car venture Banking /: China’s Bank of Communications added to global too-big-to-fail banks...

Caixin Global

CX Daily: Clock Ticking on Country Garden’s Debt Bomb

Country Garden /Cover Story: Clock ticking on Country Garden’s debt bomb Tax /: China extends tax incentives by two years to bolster housing...

Caixin Global

China Politburo Targets Boosting Domestic Demand, Private Sector

China’s top decision-making body on Monday highlighted the need to boost domestic demand and for policies to prop up the country’s private...

Caixin Global

CX Daily: Five Things to Know About Early Mortgage Repayments in China

Mortgage /: Five things to know about early mortgage repayments in China Sandstorm /: China hit by yet another sandstorm as capital chokes in dust...

Caixin Global