Pop Mart (9992 HK): On IP Choice, But Not Blind Boxes, Waiting for Lower Price
We believe Pop Mart’s advantage is its ability of choosing IPs. We expect Pop Mart’s revenue will grow by 69% in 2025. However, the stock is fairly...
289 Views
BYD (1211 HK): Authorities Halting Severe Competition Throughout Industry and Industry Chain
BYD provideS price discounts for 22 models. BYD has cashflow advantage over competitors, suppliers, and dealers. Authorities are trying to prevent...
361 Views
Pinduoduo (PDD): Plunged After Weak Results, But Overly Impacted
The stock price plunged by 16% after the 1Q25 results. The two major competitors benefited from the state subsidies. However, PDD balances well...
470 Views
Xiaomi (1810 HK): 1Q25, Home Appliance Up by 59% and Capacities Under Construction
In 1Q25, total revenue grew by 47% YoY with home appliance up by 59% YoY. Both home appliance and electric vehicle will expand their capacities.
257 Views
Kuaishou (1024 HK): 1Q25, Just Stable, But Undervalued Stable
KS performance was just fine in 1Q25, but KS stock is undervalued. In 1Q25, revenue grew by 11% YoY and the operating margin was flat with 1Q24.
255 Views