Company Research: 汇通达 (9878) - 汇通达 is a leading e-commerce platform in China's lower-tier markets, with a current stock price of HKD 15.5 and a target price of HKD 23.38, indicating a potential upside of 50.8%[2][10] - The company has a market capitalization of HKD 87.8 billion and has issued 563 million shares, with a 52-week high of HKD 22 and a low of HKD 10[5][7] - Revenue from AI and SaaS services exceeded HKD 65 million in the first half of 2024, reflecting a strategic shift towards digitalization[8] - The company aims to acquire a 25% stake in 金通灵 for approximately HKD 1.4 per share, totaling around HKD 1 billion, to enhance its business structure[8] Company Research: 好孩子 (1086) - 好孩子 is a global leader in baby durable goods, with a current stock price of HKD 1.23 and a target price of HKD 1.85, representing a potential upside of 50.6%[2][22] - The company reported a revenue of HKD 8.77 billion in 2024, a year-on-year increase of 10.6%, with a net profit growth of 74.9% to HKD 360 million[17][21] - Cybex, a key brand under 好孩子, generated HKD 4.4 billion in revenue, accounting for 51% of total revenue, with a gross margin exceeding 50%[18] - The company has resumed dividend payments, declaring a dividend of HKD 0.07 per share, equivalent to a payout ratio of 33.3%[21]