| 【Company Research】Baidu (BIDU US) – Solid 3Q20; Acquiring YY Live to bring synergy |
| 【Company Research】Dongfeng Motor (489 HK) – Strong 3Q results beat estimates |
| 【Company Research】I-Mab BioPharma (IMAB US) – Lemzoparlimab, a highly differentiated anti-CD47 mAb with superior safety and efficacy |
| 【Company Research】AAC Technologies (2018 HK) – 3Q20 another miss; Optics likely to improve but hard to move the needle |
| New- and old-economy stocks continue to diverge |
| 【Company Research】Man Wah (1999 HK) – Shift into high gear by rapid store expansion |
| 【Company Research】KWG Living (3913 HK) – Solid, premium and expansive |
| 【Sector Research】China Internet Sector – Eyes on "11.11": livestreaming & logistics |
| 【Company Research】Pinduoduo (PDD US) – Upbeat 3Q20 with first quarterly profit |
| 【Company Research】Shimao Services (873 HK) – Entering an increasingly selective sector |