| 【Company Research】Xpeng Inc. (XPEV US) – Short-term negatives have been priced in |
| 【Company Research】BYDE (285 HK) – Corp Day Takeaways: 4Q recovery to continue; New growth drivers to accelerate in 2023 |
| 【Company Research】JOYY Inc. (YY US) – Margin surprise, with Shopline as next driver |
| 【Company Research】Xiaomi (1810 HK) – Corp Day Takeaways: smartphone destocking to continue into 4Q22E |
| 【Company Research】Bilibili (BILI US) – Focus on more sustainable growth |
| 【Sector Research】China Property Sector – Equity financing reopens to fuel another rally |
| 【Company Research】Q-Tech (1478 HK) – Corp Day Takeaways: Expect 4Q22E QoQ improvement; non-handset to accelerate in 2023 |
| 【Company Research】Pinduoduo (PDD US) – Strong revenue and earnings growth |
| 【Company Research】Bosideng (3998 HK) – An inline 1H9/23 result but the macro is at risk |
| 【Company Research】Meituan (3690 HK) – Long-term development intact despite short-term headwinds |
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