| 【Sector Research】China Property Sector – C-REITs’ scope extension to unlock mall operators’ IP value |
| 【Company Research】Xiaomi (1810 HK) – 4Q22 better than feared; All eyes on profitability recovery in 2023 |
| 【Company Research】Yongda Automobiles (3669 HK) – FY23E NP to improve sequentially each quarter |
| 【Company Research】CMGE Technology (302 HK) – Eyes on strong pipeline in FY23E |
| 【Company Research】CR Beer (291 HK) – An in-line 2H22; our top pick among China F&B names |
| 【Company Research】Meituan (3690 HK) – Embracing tougher fight ahead |
| 【Company Research】L.K. Technology (558 HK) – Key takeaways from plant visit in Shenzhen |
| 【Company Research】WuXi Biologics (2269 HK) – Stronger competency for a brighter future |
| 【Company Research】AAC Tech (2018 HK) – 4Q22 slightly below; recovery remains bumpy |
| 【Company Research】Zhihu (ZH US) – Vocational training & AIGC as LT driver |
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