| 【Company Research】Ke Holdings (BEKE US) – 2Q23E will be another market surprise |
| 【Company Research】Ping An (2318 HK) – Expect VNB turnaround in 1Q23 and FY23 |
| 【Company Research】ZTO Express (2057 HK) – Clear guidance on volume and market share target; further room of cost reduction |
| 【Company Research】Far East Horizon (3360 HK) – NIM expansion HoH in 2H22; sound asset quality |
| 【Company Research】ZTO Express (ZTO US) – Clear guidance on volume and market share target; further room of cost reduction |
| 【Company Research】Kingdee (268 HK) – SaaS and Xinchuang both in good shape |
| 【Company Research】JOYY Inc. (YY US) – Moving into 2H23E recovery |
| 【Sector Research】China Auto Sector – A trough in the short term? |
| 【Sector Research】China Sportswear Sector – We expect prudent guidance but decent margins |
| 【Company Research】GDS (9698 HK) – Focus on quality growth with cautious expansion plan |
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