| 【Company Research】Baidu (BIDU US) – 2Q22E epidemic headwinds well priced in |
| 【Company Research】China Hongqiao (1378 HK) – Market leader in the aluminum industry |
| 【Company Research】Alibaba (BABA US) – Moderate recovery in sight with cost efficiency |
| 【Company Research】Greentown Management (9979 HK) – Recovered new contract growth, maintain BUY |
| 【Company Research】ZTO Express (ZTO US) – Lower parcel volume guidance but largely expected; ASP story well intact |
| 【Company Research】ZTO Express (2057 HK) – Lower parcel volume guidance but largely expected; ASP story well intact |
| 【Sector Research】China Software & IT Services- Software localization to benefit China ERP |
| 【Company Research】Zhihu (ZH US) – Looking beyond epidemic & transition impact |
| 【Sector Research】China Banking Sector – Implications on loan and deposit rate cut |
| 【Company Research】 CSPC Pharmaceutical (1093 HK) –Smooth progress in mRNA COVID-19 vaccine |
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