| 【Company Research】Meituan (3690 HK) – Long-term development intact despite short-term headwinds |
| 【Company Research】EC Healthcare (2138 HK) – Strong post-COVID business rebound |
| 【Fixed Income Research】Asian AT1s Part III – Picks on EM AT1s |
| 【Company Research】Xiaomi (1810 HK) – Weak 3Q22 as anticipated; Expect sequential recovery ahead |
| 【Company Research】CSPC Pharmaceutical (1093 HK) – Promising clinical progress of mRNA COVID-19 vaccine candidate |
| 【Company Research】Baidu (BIDU US) – Earnings beat on stringent cost control |
| 【Company Research】Kuaishou (1024 HK) – Resilient growth with FY23E group breakeven |
| 【Company Research】Tongcheng Travel (780 HK) – Factoring in 4Q22E epidemic resurgence |
| 【Sector Research】China Project Management Sector – Unsustainable demands from LGFVs but more from defaulted developers |
| 【Company Research】JD.com (JD US) – Stronger-than-expected margin expansion |
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