| 【Fixed Income Research】MOLAND - Proposed debt restructuring is a done deal |
| 【Company Research】Nayuki Holdings Limited (2150 HK) – Factoring in drags and looking for turnaround |
| 【Company Research】NIO Inc. (NIO US) - 1Q22 slight miss; 2Q guidance implies strong 3Q |
| 【Company Research】Bilibili (BILI US) - Better margin and ads recovery ahead |
| 【Company Research】Huitongda Network (9878 HK) - An ecommerce boutique surfing on lower-tier retail digitalization |
| 【Company Research】Kingsoft Cloud (KC US) – Encouraging margin improvement |
| 【Company Research】CTGDF (601888 CH) – Looking past the weak 2Q; earnings risk diminishing as consensus is subtly edging down; upgrade to BUY |
| 【Sector Research】China Financials Weekly – Expect higher NPL in 2Q & 2H; P&C loss ratio improved during COVID lockdowns |
| 【Company Research】Apollo Future Mobility (860 HK) – Foundation laid for riding the wave of e-mobility |
| 【Company Research】Termination of Coverage |
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