| 【Fixed Income Research】Lai Sun Development New Issuance - We see FV at 4.85% |
| 【Sector Research】China Express Delivery Sector – Divergence in strategy among major players continued in Jun |
| 【Fixed Income Research】RSMACA ’22 benefit from sister co.'s stake sale to Sino Ocean Capital |
| 【Company Research】Q Technology (1478 HK) – Investor concern overdone; Maintain BUY |
| 【行业研究】中国自动驾驶行业 – 行业发展超预期,关注产业链机遇 |
| 【Company Research】WH Group (288 HK) – Est. 12% NP decline in 1H21E; 2H21E NP to rebound strongly |
| 【公司研究】永达汽车 (3669 HK) – 剥离融资租赁业务有助于估值抬升 |
| 【Company Research】Chiho Environmental (976 HK) – Business recovery ongoing; in good timing to chase for new growth |
| 【Company Research】Xtep (1368 HK) – Guidance raised after positive profit alert |
| 【Fixed Income Research】JINKE – We see value in JINKE 24 at 90.5 (YTM 10.8%) |