Quam Securities

Since its inception in 1986, Quam Securities Limited (Quam Securities) has grown to become one of the few mid-tier securities brokerages in Hong Kong with global execution capabilities for both private and institutional clients. It boasts a well-established network in Greater China including Taiwan and in major world markets through the Global Alliance Partners (GAP). Quam Securities is well-positioned not only to harness and drive business within the China Tonghai International Financial Limited but also between China and the world markets.

Research from Quam Securities

Research from Quam Securities, Quam Securities

Quam Securities Research

Equity Bottom-Up

Plover Bay Technologies / Equity Bottom-Up

<ul><li>Plover Bay (1523 HK, BUY) delivered a solid set of 1H26 results, with net profit rising 27.9% y/y to US$27.7mn, achieving 52.3% of our full-year expectation.</li><li>Total revenue increased 18.5% y/y to US$74.6mn, supported by steady growth across both hardware and software categories.</li><li>We expect its NP growth to achieve strong momentum, given the increasing demand for flexible and reliable connectivity products.</li></ul>

Plover Bay (1523 HK, BUY) delivered a solid set of 1H26 results, with net profit rising 27.9% y/y to US$27.7mn, achieving 52.3% of our full-year expectation.Total revenue increased 18.5% y/y to US$74.6mn, supported by steady growth across both hardware and software categories.We expect its NP growth to achieve strong momentum, given the increasing demand for flexible and reliable connectivity products.

Plover Bay Technologies

Quam Morning Note (31 Jul) - Plover Bay