| 【Company Research】Sunny Optical (2382 HK) – Headwinds to persist into 1H22E; Maintain HOLD |
| 【Company Research】Tongcheng-Elong (780 HK) – Looking beyond 3M22E epidemic |
| 【Company Research】Anta Sports (2020 HK) – A mixed guidance but long-term growth intact |
| 【Company Research】GDS (9698 HK) – Remains committed in tier-one cities resources |
| 【Company Research】GDS (GDS US) – Remains committed in tier-one cities resources |
| 【Company Research】CSPC Pharmaceutical (1093 HK) – Promising early data of COVID-19 mRNA vaccine |
| 【Company Research】Sunny Optical (2382 HK) – 2H21 first take: worse-than-expected GPM pressure |
| 【Company Research】Xiaomi (1810 HK) – Premium strategy bearing fruits; Reiterate BUY |
| 【Company Research】Q Technology (1478 HK) – 1H22 weakness mostly priced in; Maintain BUY |
| 【Fixed Income Research】Chinese properties: A stock-take on accounting issues so far |
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