| 【Economic Perspectives】China Economy – Foreign trade plunge shows no relief of global recession risk |
| 【Company Research】AAC Tech (2018 HK) – 4Q22 Preview: earnings recovery remains bumpy; Maintain HOLD |
| 【Company Research】Trip.com (TCOM US) – Pent-up demand boosts revenue recovery |
| 【Economic Perspectives】China Policy – Policy remains accommodative with flexibility in 2023 |
| 【Company Research】CG Services (6098 HK) – Is it time to bottom fish yet? |
| 【Sector Research】China Property Sector – Property+ Weekly: Sales momentum accelerated on lower tier cities |
| 【Company Research】Shoucheng (697 HK) – Parking In and C-REITs Out |
| 【Company Research】Yancoal Australia (3668 HK) – Inclusion in Stock Connect a re-rating driver |
| 【Company Research】Bud APAC (1876 HK) – Down to HOLD; when positives of the recovery trade have mostly played out |
| 【Company Research】Shenzhen Pagoda (2411 HK) – Sowing the franchiser’s seed |
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