| 【Company Research】Glodon (002410 CH) – Operating leverage from SaaS emerging |
| 【Company Research】Chinasoft (354 HK) – Strong demand but labour cost weighs on margins |
| 【Company Research】Goldwind - H (2208 HK) – 1H21 results beat; accelerating wind farm sales to boost earnings growth |
| 【Company Research】China Lilang (1234 HK) – A transition year but with attractive yield |
| 【Fixed Income Research】ZHPRHK - Better entry opportunities as more differentiation expected |
| 【Fixed Income Research】HONGQI – Reiterate OW on solid fundamental and diversification play |
| 【Sector Research】China CIS market – Beginning of multi-year growth cycle; Initiate BUY on Willsemi and GalaxyCore |
| 【Company Research】Xtep (1368 HK) – Stable 2H21E and upbeat long-term guidance |
| 【Company Research】ENN Energy (2688 HK) – 1H21 results in line; accelerating path towards net-zero |
| 【Company Research】PICC Group (1339 HK) – 1H21: continual outperformance of P&C arm |
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