| 【Company Research】Kuaishou (1024 HK) – Stronger 1Q23E on better ecommerce & LS |
| 【Company Research】Great Wall Motor (2333 HK) – New PHEV models appears to be more exciting |
| 【Company Research】Proya Cosmetics (603605 CH) – 1Q in line; 2023 guidance maintained |
| 【Company Research】Li Ning (2331 HK) – A strong comeback in all channels since Mar |
| 【Company Research】Yancoal Australia (3668 HK) – ASP offset the decline in sales volume in 1Q23; Expect improvement in volume |
| CMBI Fixed Income: Asian T2s: Lower beta plays in volatile times |
| 【Sector Research】China Internet – March online retail sales recap |
| 【Company Research】Smoore Int’l (6969 HK) – 1Q tracking below us on weak domestic sales |
| 【Company Research】Xuan Wu Cloud (2392 HK) – Investing in CRM SaaS |
| 【Company Research】Hikvision (002415 CH) – Taking time to recover |
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