The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of SHENZHEN WOKE TECHNOLOGY Co., LTD 深圳市沃客非凡科技股份有限公司 (A joint stock company incorporated in the People's Republic of C ...

Core Insights - Costco Wholesale's shares have been declining for nearly a year but saw a 5% increase recently due to positive sales announcements [1] - December sales rose 8.5% year-over-year, with same-store sales increasing by 7% [1] Sales Performance - The food category, particularly bakery, meat, and candy sales, drove the sales growth last month, along with strong performances in jewelry, tires, and small appliances [2] Investor Sentiment - Investors appreciate Costco for its value, and there is optimism regarding potential stock splits and special dividends, contributing to the recent rise in share prices [3][6] - Analysts from William Blair noted that the recent sales figures could provide a much-needed boost after a 10% decline in shares over the past six months due to valuation concerns [4] Analyst Ratings - Sell-side analysts maintain a generally positive outlook on Costco's stock, with a mean price target of around $1,035, indicating a 17% premium over recent closing prices, though it remains below record highs of approximately $1,080 [5] Market Expectations - Recent investor discussions have included speculation about a stock split or special dividend, which could further enhance stock performance [6] - Analysts from UBS noted that expectations for same-store sales growth were between 3% and 5%, which Costco exceeded, indicating strong business performance [7][8]

Core Viewpoint - Lowe's reported a smaller-than-expected decline in first-quarter sales and plans to maintain competitive pricing, while not ruling out potential price increases due to tariffs [1][5][12] Sales Performance - The company experienced a 1.7% drop in same-store sales for the quarter ended May 2, which was better than analysts' average estimate of a 2% decline [12] - Steady demand from construction professionals contributed to the smaller-than-expected sales drop [6] Pricing Strategy - CEO Marvin Ellison emphasized the importance of competitive pricing to avoid losing market share to competitors [1] - CFO Brandon Sink indicated that profit margins are expected to remain flat this fiscal year, with tariff impacts anticipated in the second half of the year [2] Tariff Impact - The imposition of tariffs has raised concerns in the retail sector, with Walmart warning of potential price increases and Target lowering its sales and profit forecasts [3] - Lowe's and Home Depot have both been affected by tariff fears, which have negatively impacted consumer sentiment and renovation projects [4][8] Supply Chain Management - Lowe's has diversified its supply chain and increased local suppliers to mitigate the impact of U.S. tariffs [7] - Approximately 60% of Lowe's purchase volume comes from the U.S., while 20% is sourced from China, with specific items like holiday trees and tools being affected by tariffs [10] Future Outlook - The company expects comparable sales for 2025 to be flat to 1% higher, with earnings per share projected between $12.15 and $12.40 [11]