ServiceNow (NOW US) - Strong Adoption of GenAI Solutions
ServiceNow announced 1Q24 results: total revenue increased by 24% YoY to US$2.60bn, in line with consensus estimate of US$2.59bn; non-GAAP net...
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Meta (META US) - Launch of the AI investment cycle
Looking ahead, Meta expects to start a multi-year investment cycle to build full-scale AI capabilities and enhance monetization.
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Luxshare (002475 CH) - FY23 In-Line with Better-Than-Feared 1H24 Earnings Guidance
Luxshare posted FY23 revenue/NP growth of 8%/20% YoY, largely in-line with pre-announcement of 20-25% YoY, while 1H24E earnings guidance of 20-25% YoY
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Vesync (2148 HK) - 1Q24 Was Slow but End-Demand Is Healthy
With an undemanding valuation of 7x FY24E P/E, we maintain BUY with a TP of HK$ 6.79, based on 11x P/E, well supported by 13%/16% sales/NP CAGRs...
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New Oriental (EDU US) - Accelerating Capacity Expansion to Address Robust Demand
The company guides 4QFY24 total revenue to grow by 28-31% YoY to US$1,102- 1,127mn, versus the consensus estimate of US$1,096mn.
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