| 【Company Research】Tongda (698 HK) – 1H20 worse than expected; Wait for better visibility |
| 【Company Research】WH Group (288 HK) - Maintain Buy on undemanding valuation |
| 【Sector Research】China Construction Machinery & HDT Sector – Excavator sales +63% YoY in Jun; Momentum to continue in Jul & Aug |
| 【Company Research】Anta Sports (2020 HK) – Expecting a strong 2Q, driven by e-commerce |
| 【公司研究】禹州集團 (1628 HK) – 小而美 |
| 【Company Research】FIT Hon Teng (6088 HK) – Major overhang removed; Lift TP for 2H recovery |
| 【Sector Research】China Brokerage Sector – Optimism & reform suggest more earnings upsides |
| 【公司研究】龍源電力 (916 HK) – 上半年運營表現符合預期 |
| 【Sector Research】China Education Sector – CMBI Virtual Corporate Day takeaways |
| 【Company Research】Ascentage Pharma (6855 HK) – Collaboration with MSD for development of APG-115 |
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