| 【Company Research】Zoomlion (1157 HK) – Spin-off of AWP business to unlock value |
| 【Company Research】Xtep (1368 HK) – Speedy recovery in CNY and robust guidance |
| 【Company Research】Huitongda Network (9878 HK) – Quality growth with advanced profitability |
| 【Sector Research】China Internet – December online retail sales recap |
| 【Company Research】Ke Holdings (BEKE US) – Beke After Ten Seasons; Initiate with Buy |
| 【Sector Research】China Internet – 2022 online game market recap |
| 【Company Research】Willsemi (603501 CH) – Preliminary 2022 results came in below estimate; Maintain HOLD |
| 【Company Research】Jinxin Fertility (1951 HK) – Eyes on the post-pandemic business recovery |
| 【Company Research】BOE Varitronix (710 HK) – NDR Takeaways: Chengdu auto display capacity ramp-up on track; auto intelligence to drive growth |
| 【Sector Research】China Project Management Sector – Prefer defensive Greentown Mgmt. over demotivated CCM |