| 【Sector Research】Hong Kong Retail Sector – Stabilized in Nov 2019 and likely to bottom |
| 【Company Research】Kindly Medical Instruments (1501 HK) - Establishing an integrated cardio-cerebrovascular medical device platform |
| 【Company Research】Greentown Service (2869 HK) – Await rebound in 2020 |
| 【Company Research】Hong Kong Exchange & Clearing (388 HK) – Near-term catalysts take time to materialize |
| 【Company Research】BYD Electronics (285 HK) – Share gain and 5G recovery to accelerate growth |
| 【Company Research】Tongda Group (698 HK) – Buy ahead of strong Apple and 5G recovery |
| 【Company Research】Ascentage Pharma Group (6855 HK) - Pioneer in developing apoptosis pathway drug |
| 【Company Research】Perfect World (002624 CH) – Game leader with valuable IPs |
| 【Sector Research】China Game Sector (A-share) – Consolidation & Segmentation |
| 【Company Research】Sanqi Interactive (002555 CH) – From MMORPGs to More |
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