| 【Company Research】PSBC (1658 HK) – FY21 review: results in line, remains low exposure on property development industry |
| 【Company Research】BYD Company (1211 HK) – Strong sales momentum, low assets efficiency |
| 【Fixed Income Research】HPDLF-Concerns on auditor change largely mitigated, maintain Buy on HPDLFs |
| 【Fixed Income Research】Ehouse - The Exchange |
| 【Sector Research】China CIS Sector – Can non-mobile CIS strength offset handset weakness? We remain cautiously optimistic |
| 【Company Research】China Meidong Auto (1268 HK) – Resilient amid tough macro after in-line FY21 |
| 【Company Research】Jinxin Fertility (1951 HK) – Strengthen leading positioning in ARS industry |
| 【Company Research】Haier Smart Home (6690 HK) – Still the outperformer in a tough market |
| 【Company Research】Mengniu (2319 HK) – Raw milk price remained a lingering drag to 2H21 GPM; 2022E guidance maintained |
| 【Sector Research】China Software & IT Services – Diverging property SaaS outlook |
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