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>Salesforce reported 2QFY26 results: total revenue was up by 10% YoY to US$10.2bn, and non-GAAP net income grew by 12%% YoY to US$2.8bn, both largely in line with Bloomberg consensus estimate.</li><li>cRPO grew by 11% YoY to US$29.4bn, c.100bps ahead of the guidance, mainly thanks to strong sales execution in both small and mid-market segments.</li><li>Management guided 3QFY26 total revenue to increase by 8-9% to US$10.24-10.29bn, in line with consensus (US$10.29bn); and also raise FY26 OCF growth guidance to c.12%- 13% YoY (previous: +10-11% YoY) driven by cash tax savings. </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>

Salesforce reported 2QFY26 results: total revenue was up by 10% YoY to US$10.2bn, and non-GAAP net income grew by 12%% YoY to US$2.8bn, both largely in line with Bloomberg consensus estimate.cRPO grew by 11% YoY to US$29.4bn, c.100bps ahead of the guidance, mainly thanks to strong sales execution in both small and mid-market segments.Management guided 3QFY26 total revenue to increase by 8-9% to US$10.24-10.29bn, in line with consensus (US$10.29bn); and also raise FY26 OCF growth guidance to c.12%- 13% YoY (previous: +10-11% YoY) driven by cash tax savings. 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.

Salesforce (CRM US) - Inline 2QFY26 Results; Intact Long-Term Outlook for AI and Data Cloud

Salesforce.Com Inc

Salesforce (CRM US) - Inline 2QFY26 Results; Intact Long-Term Outlook for AI and Data Cloud