| 【Company Research】Tigermed (300347 CH) – Strong momentum continued |
| 【Sector Research】China Construction Machinery / HDT – 1Q21 earnings review for Zoomlion, SANY Heavy & Weichai |
| 【Company Research】Yum China (YUMC US) – A good start in FY21E despite a few headwinds |
| 【Company Research】Yum China (9987 HK) – A good start in FY21E despite a few headwinds |
| 【Company Research】Zhejiang Dingli - A (603338 CH) – 4Q20 & 1Q21 results below expectation; margin pressure a concern |
| 【Company Research】ZTE (763 HK) – 1Q21 confirmed GPM recovery on track; Reiterate BUY |
| 【Company Research】WH Group (288 HK) – Attractive valuation; expect record high adj. NP in 2021E |
| 【Company Research】Glodon (002410 CH) – Exceptionally strong SaaS boosted free cash flow |
| 【Company Research】Sunway (300136 CH) – Downgrade to HOLD on margin concerns |
| 【Company Research】Jiangsu Hengli (601100 CH) – Earnings impressive but we are now more conservative on valuation |
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