| 【Sector Research】China Property Sector – Property+ Weekly: hopes are returning post-CNY |
| 【Company Research】Yum China (9987 HK) – Robust recovery and store expansion ahead |
| 【Company Research】Baidu (BIDU US) – Core business recovery on track with more to expect on new initiatives |
| 【Company Research】Weibo (WB US) – Recovery on the horizon despite ST pressure |
| 【Company Research】China Hongqiao (1378 HK) – Expect a profit turnaround in 2023E |
| 【Company Research】Xiaomi (1810 HK) – 4Q22 preview: a challenging quarter but the worst is likely over; Maintain BUY |
| 【Company Research】China Glass (3300 HK) – Expansion of TCO glass capacity to capture the growth of advanced solar cell technologies |
| 【Company Research】Bilibili (BILI US) – Eyes on monetization potential and margin improvement trajectory |
| 【Company Research】CR Land (1109 HK) – Outperforming FY22E, promising FY23E and not-far-fetching FY25E target |
| 【Company Research】Kweichow Moutai (600519 CH) – Proxy of China’s consumption-led recovery; buying into any weakness for the next recovery wave |
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