| 【Company Research】Yum China (9987 HK) – Headwinds likely to stay after a weak 4Q21 |
| 【Company Research】Jiangsu Hengli (601100 CH) – Recovery weaker-than-expected; Rich valuation along with earnings risk |
| 【Fixed Income Research】TBLAIJ – Maintain Buy on TBLAIJ'23 despite a questionable rating downgrade |
| 【Sector Research】China Property Sector – Loan relaxation for affordable rental housing positive for property investments |
| 【Company Research】Innolight (300308 CH) – Mgmt. call takeaways: Expect strong demand from digital infrastructure |
| 【Company Research】Yili Industrial (600887 CH) – We expect synergy from the Ausnutria takeover |
| 【Sector Research】China Hardware – Optical Transceiver: Implications from recent 4Q21 results |
| 【Fixed Income Research】YUZHOU - Why exchange offer relaunched? |
| 【Company Research】SenseTime (20 HK) – Unrivalled computer vision leader in China |
| 【行业研究】中国房地产、汽车行业 – 购物中心的新希望 :新能源汽车 |