| 【Company Research】Jinxin Fertility (1951 HK) – Fast recovery from COVID-19 impact |
| 【Company Research】China Resource Gas (1193 HK) – Gas volume growth to resume in 2021 |
| 【Company Research】JOYY Inc. (YY US) – Bigo’s momentum to continue |
| 【Company Research】Excellence Commercial Property (6989 HK) – Finding success in serving large corporate customers |
| 【Company Research】Central China New Life (9983 HK) – 2020 results beat supports ambitions to extend influence from solid Henan home base |
| 【Company Research】China Galaxy Securities (6881 HK) – A brokerage-driven year; IB & AM weakness retained |
| 【Sector Research】China Property Sector – Prefer to hold retail names during volatile 2Q |
| 【Company Research】Tsingtao Brewery (168 HK) – Results beat; premiumization accelerated in 4Q20 |
| 【Company Research】China Life - H (2628 HK) – NBV growth in line |
| 【Company Research】Simcere Pharmaceutical Group (2096 HK) – Increasing contribution from innovative products |