| 【Company Research】PA Good Doctor (1833 HK) – Endeavor to upgrade channels and services |
| 【Company Research】ZTE (763 HK) – Solid 4Q20 recovery with improving margin; Raise TP to HK$28.1 |
| 【Company Research】Zoomlion Heavy Industry - A (000157 CH) – More drivers; More sustainable; Higher earnings est. & TP |
| 【Company Research】Zoomlion Heavy Industry - H (1157 HK) – More drivers; More sustainable; Higher earnings est. & TP |
| 【Sector Research】China Property Service Sector – The growth engine shifts to community VAS |
| 【Company Research】S.C New Energy Technology (300724 CH) – Solid backlog and stabilized margin; raise earnings estimates and TP |
| 【Company Research】WuXi AppTec (603259 CH) – Strong growth outlook in 2021 and beyond |
| 【Company Research】JS Global Lifestyle (1691 HK) – Upbeat SharkNinja growth is likely in 2H20E |
| 【Company Research】Jiangsu Hengli Hydraulic (601100 CH) – 2020E earnings above market expectation; Solid structural growth story |
| 【Fixed Income Research】21Vianet Inc. – CB issuance supporting capex a credit positive (VNET) |