| 【Sector Research】China Consumer Sector – CNY was mixed and we stay conservative |
| 【Company Research】Xpeng Inc. (XPEV US) - Lack of new model catalysts |
| 【Company Research】Xiaomi (1810 HK) - 4Q23E preview: strong smartphone recovery, eye on EV product launch in 2Q24; Maintain BUY |
| 【Sector Research】Internet - Solid travel consumption recovery during CNY |
| 【Fixed Income Research】GZRF: The missing parts of consent solicitation and exchange offers |
| 【Company Research】GAC Group (2238 HK) - FY24E NP to rise YoY on JVs and Aion |
| 【Company Research】Yum China (YUMC US) - Impressive cash return but a prudent 1Q24E |
| 【Company Research】Yum China (9987 HK) – Impressive cash return but a prudent 1Q24E |
| 【Company Research】Alibaba (BABA US) - Enhancing shareholder return while remaining ambitious on investment to drive growth |
| 【Company Research】FIT Hon Teng (6088 HK) - FY23E preview: earnings recovery on track, multiple growth drivers in FY24/25E |
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