| 【Company Research】Willsemi (603501 CH) – FY21 revenue in line; Growth story stays intact |
| 【Company Research】Sunny Optical (2382 HK) – Headwinds not fully priced in; Maintain Hold |
| 【Company Research】CTGDF (601888 CH) – Management initiatives may not fully dispel uncertainty over the planned margins recovery; down to HOLD |
| 【Company Research】China Meidong Auto (1268 HK) – Best positioned amid industry consolidation |
| 【Fixed Income Research】Lifestyle - LIHHK '22 is our preferred short-term pick for carry, initiate Buy |
| 【Fixed Income Research】CHIGRA '22 will be money good |
| 【Company Research】GalaxyCore (688728 CH) – Transiting into fab-lite model to secure capacity and support tech advancement |
| 【Company Research】HUTCHMED (13 HK) – Strong sales momentum of three marketed drugs |
| 【Fixed Income Research】ZHPRHK - Perps be traded flat to other ZHPRHK’22s should the consent goes through |
| 【Company Research】Bilibili (BILI US) – Shifting into efficiency enhancement |
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