| 【Fixed Income Research】SUNSHI - Relative slower sales is mitigated by vigilant land investment |
| 【Company Research】Venus Medtech (Hangzhou) Inc. (2500 HK) – Strong growth momentum in 1H21 |
| 【Fixed Income Research】EVERRE/TIANHL - Cancellation of special dividend proposal is credit negative |
| 【Sector Research】China Insurance – Transfer of Coverage; 1H21 preview: Worst case already priced in |
| 【Company Research】AK Medical (1789 HK) – Channel destocking may continue |
| 【Fixed Income Research】EDU – We suggest Buy on EDU, as we see support from its 101 repurchase term on Triggering Event |
| 【Company Research】Haidilao (6862 HK) – Profit missed but all eyes on future reforms |
| 【Sector Research】China Property Service Sector – Long-term thesis stays unchanged; Pair trade opportunities amid macro and parentco risks |
| 【Company Research】Evergrande Property Services (6666 HK) – Bear-case study indicates value; Initiate at Buy |
| 【Company Research】Sunac Services (1516 HK) – Set for a fast overtaking to Top 5; Initiate at Buy |
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