| 【Sector Research】China Internet – Trends observed from this year’s Double 11 shopping festival |
| 【Company Research】FIT Hon Teng (6088 HK) – 3Q22 beat on solid execution of “3+3 Strategy”; Raise TP to HK$1.84 |
| 【Company Research】AAC Tech (2018 HK) – 3Q22 beat boosted by seasonal demand pull-in |
| 【Company Research】NIO Inc. (NIO US) – Five new models in 1H23 to regain market share |
| 【Company Research】BeiGene (BGNE US) – Strong sales momentum maintained in 3Q22 |
| 【Company Research】CSSC Shipping (3877 HK) – Focus on clean energy sector |
| 【Sector Research】China Software & IT Services – China IaaS + PaaS growth slowed further in 3Q22 |
| 【Company Research】Kuaishou (1024 HK) – Share gain intact with enhanced ecosystem |
| 【Sector Research】China Internet Sector – E-commerce: consistent recovery takes time |
| 【Sector Research】China Internet– Social entertainment 3Q22 preview: remains under pressure |
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