External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>ServiceNow announced 3Q24 results: total revenue increased by 22% YoY to US$2.80bn, 2% ahead of Bloomberg consensus estimate; non-GAAP net income was up by 29% YoY to US$775mn, 7% ahead of consensus estimate due to top-line outperformance and opex efficiencies.</li><li>3Q24 cRPO grew by 23.5% YoY at constant currency, which was 150bps above previous guidance, driven by the large deal momentum and solid adoption of GenAI solutions.</li><li>For 4Q24E, management guided subscription revenue/cRPO to grow by 20.5/21.5% YoY on a constant currency basis, and non-GAAP OPM to be stable YoY at 29%. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

ServiceNow announced 3Q24 results: total revenue increased by 22% YoY to US$2.80bn, 2% ahead of Bloomberg consensus estimate; non-GAAP net income was up by 29% YoY to US$775mn, 7% ahead of consensus estimate due to top-line outperformance and opex efficiencies.3Q24 cRPO grew by 23.5% YoY at constant currency, which was 150bps above previous guidance, driven by the large deal momentum and solid adoption of GenAI solutions.For 4Q24E, management guided subscription revenue/cRPO to grow by 20.5/21.5% YoY on a constant currency basis, and non-GAAP OPM to be stable YoY at 29%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ServiceNow (NOW US) - Solid 3Q24 Results; Riding on GenAI Tailwind

Servicenow Inc

ServiceNow (NOW US) - Solid 3Q24 Results; Riding on GenAI Tailwind