| 【Company Research】Pinduoduo (PDD US) – 2021 priority on agriculture & supply chain |
| 【Company Research】Yongda (3669 HK) – New business supports future growth |
| 【Company Research】ZTE (763 HK) – 1Q21 beat on solid revenue and better margin; Reiterate BUY |
| 【Company Research】Shennan Circuits (002916 CH) – Near-term cost pressure remains overhang; Maintain HOLD |
| 【Company Research】Kuaishou (1024 HK) – A go-to social community |
| 【Company Research】CSPC Pharmaceutical (1093 HK) – Multiple innovative drugs to receive approvals in 2021 |
| 【Company Research】S-Enjoy Service (1755 HK) – Successful VAS expansion paves way for triple earnings in three years |
| 【Company Research】GDS (9698 HK) – Growth momentum to remain strong |
| 【Company Research】BOC Aviation (2588 HK) – FY20 results in-line; PLBs to provide better yield outlook |
| 【Sector Research】China Catering Sector – Leaders to benefit even more during recovery |