External broker reports(aggregated public sources), CMB International

CMB International

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.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>After short-term stock price volatility on insider filings, we suggest investors to refocus on GigaCloud (GCT)’s strong organic growth and fundamentals improvement.</li><li>We expect GCT to deliver another eye-catching 1Q24E, with topline accelerating to +96% YoY (5% above high-end of guidance) and bottom line at US$30mn (+89% YoY, 44% above consensus).</li><li>We are more confident in its margin outlook, backed by freight fee normalization, annual contracts and Noble House (NH)’s narrowing loss.</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>

After short-term stock price volatility on insider filings, we suggest investors to refocus on GigaCloud (GCT)’s strong organic growth and fundamentals improvement.We expect GCT to deliver another eye-catching 1Q24E, with topline accelerating to +96% YoY (5% above high-end of guidance) and bottom line at US$30mn (+89% YoY, 44% above consensus).We are more confident in its margin outlook, backed by freight fee normalization, annual contracts and Noble House (NH)’s narrowing loss.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.

GigaCloud (GCT US) - Improving Fundamentals with BaaS Initiatives

GigaCloud Technology

GigaCloud (GCT US) - Improving Fundamentals with BaaS Initiatives