| 【Company Research】CR Beer (291 HK) – 2H21 results in-line; premiumization progress on track |
| 【Company Research】Kingsoft Cloud (KC US) – Bottoming out |
| 【Fixed Income Research】BTSDF: Gradual deleveraging will be achievable; Buy on good relative value |
| 【Fixed Income Research】CIFIHG - An outperformer despite weaker FY21 results |
| 【Company Research】TME (TME US) – Challenges into 2022 |
| 【Company Research】Jiumaojiu (9922 HK) – A resilient Tai Er and an uprising Song Hot Pot |
| 【Company Research】WuXi AppTec (603259 CH) – Stronger growth momentum |
| 【Sector Research】China Heavy Duty Truck – Lower industry forecast on weak recovery; D/G Weichai-A; BUY Weichai-H & Sinotruk on valuation |
| 【Company Research】Geely (175 HK) – Low earnings quality; Not an inflection point yet |
| 【Company Research】AAC Technologies (2018 HK) – Not out of the woods yet; more downside to 2022 earnings |
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