| 【Fixed Income Research】Tongfang remains our industrial Top Pick (TSIGTF) |
| 【Sector Research】China White Wine Sector – Channel and product mix optimization as well as price hikes drive ASP growth |
| 【Company Research】SANY Heavy Industry – A (600031 CH) – Earnings upside + multiple expansion |
| 【Company Research】BYD - H (1211 HK) – Benefit from the outperformance of LFP |
| 【Company Research】BYD - A (002594 CH) – Benefit from the outperformance of LFP |
| 【Company Research】Antengene Corporation Limited (6996 HK) – Leading Asia-Pacific biopharmaceutical company developing first-in-class SINE compounds |
| 【Company Research】Xingda International (1899 HK) – Potential recovery driven by both volume and margin |
| 【Sector Research】China Property Sector – A good entry point after market over-reaction on property loan cap |
| 【Company Research】Tian Lun Gas (1600 HK) – New acquisitions to boost 2021E earnings |
| 【Fixed Income Research】Yestar – can it avert a default? (YESTHEA) |
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