| 【Company Research】COLI (688 HK) – Margin pressure may overshadow the earnings visibility |
| 【Company Research】CMGE Technology (302 HK) – Moving into strong 2H21E pipeline |
| 【Fixed Income Research】HONGQI - Reiterate OW on solid fundamental and diversification play |
| 【Company Research】China Aoyuan (3883 HK) – 1H21 results miss |
| 【Fixed Income Research】CAPG - Vigilant investment penetrates deleverage |
| 【Company Research】Baozun (BZUN US) – 2H21E headwinds yet over |
| 【Company Research】JOYY Inc. (YY US) – Soft guidance on overseas traffic normalization |
| 【Company Research】China Hongqiao (1378 HK) – Outstanding 1H21 profitability; aim higher with support from good pricing in 2H21 |
| 【Company Research】New Hope Service (3658 HK) – Standing on the giant’s shoulders; initiate with Buy |
| 【Company Research】China Resources Gas (1193 HK) – 1H21 results beat; accelerating new business growth |