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Ming Lu
Overseas Chinese Equities
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Aequitas Research
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09 February 2018
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bullish
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Geely Auto
•
02 Dec 2025 00:01
Geely (175 HK): In November, Deliveries Still Strongly Up by 24%
Geely’s deliveries grew by 24% YoY in November, reaching 65% of BYD. PHEV continued to accelerated and export deliveries rose strongly by 22% in...
Ming Lu
193 Views
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bearish
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Meituan
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01 Dec 2025 07:00
Meituan (3690 HK): 3Q25, Discount Campaign Not Ended After Authorities Warned Twice
Meituan (MT)’s revenue growth rate plummeted to 2% YoY in 3Q25. The discount campaign has not actually ended after the authorities warned twice. We...
Ming Lu
188 Views
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bullish
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Alibaba
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26 Nov 2025 02:35
Alibaba (BABA, 9988 HK): F2Q26, Up by 18% Excluding Disposals
In F2Q26, pro forma revenue increased by 18% YoY excluding two disposal cases. The company successfully rebranded its food delivery business, the...
Ming Lu
393 Views
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bullish
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PDD Holdings
•
24 Nov 2025 07:00
Pinduoduo (PDD): 3Q25, Growth Stops Declining, Op Cashflow Rises Again After a Year
PDD’s total revenue increased by 9% YoY in 3Q25 higher than 7% YoY in 2Q25. In 3Q25, operating cash flows stopped decreasing after a year and grew...
Ming Lu
325 Views
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bullish
•
Kuaishou Technology
•
19 Nov 2025 21:48
KS / Kuaishou (1024 HK): 3Q25, Growth and Margin Continuously Climbed Up
Revenue growth accelerated for third quarter to 14% YoY in 3Q25. GMV of live streaming e-commerce grew by 18% YoY in 3Q25. The operating margin...
Ming Lu
274 Views
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