| 【Company Research】TME (TME US) – Online music leader with LF audio initiatives |
| 【Company Research】Kingsoft Cloud (KC US) – Reset expectation on Bytedance |
| 【公司研究】波司登 (3998 HK) – 敏捷性和品牌升级是关键策略 |
| 【公司研究】特步国际 (1368 HK) – 国潮的热潮可望持续 |
| 【Company Research】Want Want (151 HK) – Downgrade to Hold as cost pressure not priced in |
| 【公司研究】大家乐 (341 HK) – 中国业务快速增长，香港业务增长转正 |
| 【Company Research】Jinxin Fertility (1951 HK) – Acquisition of two sizable IVF hospitals in Yunnan Province |
| 【Company Research】Xinyi Solar (968 HK) – Uncertainties to remain in 2H21E |
| 【Sector Research】China Express Delivery Sector – Divergence in operating figures among major players in May |
| 【公司研究】安踏体育 (2020 HK) – 上调增长指引，增长势头强劲 |
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