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RESEARCH REPORT

RESEARCH REPORT

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DATE SECTION NAME
2017/08/22 Regional Daily Regional Morning Matters 08.22.2017
2017/08/22 Corporate News Flash CPMC Holdings (906 HK), Buy, TP: HKD5.60 (Both Under Review) - Earnings Hampered By High Raw Material Costs
2017/08/22 Results Review China Overseas Land & Investment (688 HK), Buy (Maintained), TP: HKD32.50 (from HKD31.10) - Re-Rating On Improved Profitability
2017/08/22 Corporate News Flash Haitian International Holdings (1882 HK), Buy, TP: HKD23.80 (Both Under Review) - A Strong Beat Across The Board
2017/08/22 Corporate News Flash CRRC Corp (1766 HK), Buy (Maintained), TP: HKD8.25 (Maintained) - Slightly Negative On Strategic Agreement With CRC
2017/08/21 Regional Daily Regional Morning Matters 08.21.2017
2017/08/21 Results Review China Merchants Bank (3968 HK), Buy (Maintained), TP: HKD28.00 (Maintained) - Strengthens Retail Strategy Further
2017/08/21 Results Review China Resources Gas (1193 HK), Neutral (from Buy), TP: HKD30.60 (from HKD30.40) - Solid Operations But Valuation Seems Fair
2017/08/21 Results Review Lenovo Group (992 HK), Buy (Maintained), TP: HKD5.75 (from HKD5.90) - Before The Dawn
2017/08/21 Corporate News Flash Sunac China (1918 HK), Sell (Maintained), TP: HKD14.10 (Under Review) - Earnings Surprise On Low Base Effect
2017/08/21 Corporate News Flash China Overseas Land & Investment (688 HK), Buy (Maintained), TP: HKD31.10 (Under Review) - Earnings Beat On Better Margin And Cost Control
2017/08/18 Regional Daily Regional Morning Matters 08.18.2017
2017/08/18 Comapny Update I.T (999 HK), Buy (Maintained), TP: HKD5.20 (from HKD3.80) - Margins May Stay Healthy For The Remainder Of FY18
2017/08/18 Results Review Techtronic Industries (669 HK), Buy (Maintained), TP:46.00 (from HKD37.00) - Tapping Into a New Huge Potential
2017/08/18 Results Review Kingdee (268 HK), Buy (Maintained), TP: HKD3.93 (from HKD3.72) - Revising Upwards Guidance On Cloud Business
2017/08/18 Corporate News Flash China Gas Holdings (384 HK), Buy (Maintained), TP: HKD23.10 (Maintained) - Strategic Cooperation Agreements a Positive Step
2017/08/17 Results Review Longfor Properties (960 HK), Buy (Maintained), TP: HKD23.00 (from HKD22.40) - Visible Earnings Growth Outlook
2017/08/17 Regional Daily Regional Morning Matters 08.17.2017
2017/08/17 Results Review Tencent (700 HK), Buy (Maintained), TP: HKD401 (from HKD303) - Strong Growth Across The Board
2017/08/17 Corporate News Flash Kingdee (268 HK), Buy (Maintained), TP: HKD3.72 (Under Review) - 1H17 Earnings Beat Expectations
2017/08/17 Results Review China Unicom (762 HK), Buy (Maintained), TP: HKD14.00 (from HKD12.90) - Mixed Ownership Reform – Only The Beginning
2017/08/17 Corporate News Flash NetDragon (777 HK), Trading Buy (Maintained), TP: HKD24.14 (Maintained) - Positive Profit Alert
2017/08/17 Comapny Update Geely Automobile Holdings (175 HK), Buy (from Neutral), TP: HKD23.10 (from HKD15.60) - Another Big Model Cycle To Drive 2018 Earnings
2017/08/16 Regional Daily Regional Morning Matters 08.16.2017
2017/08/16 Sector Update China Bank Sector, Overweight (Maintained) - Sector Data Indicates a Promising Outlook
2017/08/16 Results Review China Everbright (257 HK), Buy (Maintained), TP: HKD12.80 (from HKD12.20) - Enjoying The Troika Ride
2017/08/16 Results Review Anta Sports (2020 HK), Buy (Maintained), TP: HKD33.00 (from HKD31.00) - Wider GPM Leads To An Outperformance In 1H17
2017/08/16 Results Review Sunny Optical (2382 HK), Buy (from Neutral), TP: HKD126 (from HKD101) - Solidifying Its Moat Against Competition
2017/08/16 Corporate News Flash Longfor Properties (960 HK), Buy (Maintained), TP: HKD22.40 (Under Review) - Slight Miss But Margin And Dividend Shone
2017/08/16 Corporate News Flash Geely Automobile Holdings (175 HK), Neutral, TP: HKD15.60 (Both Under Review) - Strong 1H17 Results Beat Consensus
2017/08/15 Regional Daily Regional Morning Matters 08.15.2017
2017/08/15 Corporate News Flash Sunny Optical (2382 HK), Neutral, TP: HKD100.50 (Both Under Review) - Beat Expectations On Better GPM
2017/08/15 Corporate News Flash Agile Group Holdings (3383 HK), Neutral, TP: HKD8.50 (Under Review) - Positive Earnings Alert On Margin Expansion
2017/08/15 Corporate News Flash Anta Sports (2020 HK), Buy, TP: HKD31.00 (Both Under Review) - Strong Set Of 1H Results
2017/08/14 Regional Daily Regional Morning Matters 08.14.2017
2017/08/14 Corporate News Flash China Unicom (762 HK), Buy (Maintained), TP: 12.90 (Maintained) - Profitability Keeps Improving
2017/08/14 Results Review Li Ning (2331 HK), Sell (Maintained), TP: HKD5.20 (from HKD4.60) - Higher Expenses Expected In 2H17
2017/08/11 Regional Daily Regional Morning Matters 08.11.2017
2017/08/11 Results Review China Overseas Grand Oceans Group (81 HK), Sell (Maintained), TP: 2.80 (from HKD2.50) - Lacking a Catalyst For Upgrade
2017/08/11 Corporate News Flash Beijing Enterprises Water (371 HK), Buy (Maintained), TP: HKD6.90 (Maintained) - Another Step Of Asset-Light Growth
2017/08/11 Results Review China Mobile (941 HK), Buy (Maintained), TP: HKD113 (from HKD108) - Special Dividend Surprise On Top Of Decent Results
2017/08/10 Results Review CIFI Holdings Group (884 HK), Buy (Maintained), TP: HKD5.00 (from HKD4.40) - An Attractive Growth Player
2017/08/10 Corporate News Flash HK Exchanges (388 HK), Neutral (Maintained), TP: HKD225 (Maintained) - A Commendable 2Q17 YoY Surge In SADV
2017/08/10 Corporate News Flash China Mobile (941 HK), Buy (Maintained), TP: HKD108.00 (Under Review) - Special Dividend To Reward Shareholders
2017/08/09 Corporate News Flash CIFI Holdings (884 HK), Buy (Maintained), TP: HKD4.40 (Under Review) - Interim Earnings Beat Expectation On Higher GPM
2017/08/09 Regional Daily Regional Morning Matters 08.09.2017
2017/08/09 Comapny Update Tongda Group (698 HK), Neutral (from Buy), TP: HKD2.20 (from HKD3.50) - Another Potential Headwind
2017/08/09 Sector Update China Auto & Autoparts Sector, Neutral (Maintained) - July Sales Exceed Consensus
2017/08/08 Regional Daily Regional Morning Matters 08.08.2017
2017/08/08 Corporate News Flash Tongda Group (698 HK), Buy (Under Review), TP: HKD3.50 (Under Review) - Profit Warning Disappointing The Market
2017/08/08 Sector News Flash China Auto & Autoparts Sector, NEUTRAL - July Auto Sales-Exceeding Expectations
2017/08/07 Regional Daily Regional Morning Matters 07.08.2017
2017/08/07 Sector Update Regional Thematic Research - Technology - Expecting a Robust 2H17
2017/08/04 Regional Daily Regional Morning Matters 08.04.2017
2017/08/04 Comapny Update Tianneng Power (819 HK), Buy (Maintained), TP: HKD7.70 (from HKD8.30) - Solid Lead-Acid, Sluggish LIB
2017/08/04 Sector News Flash Hardware & Equipment Sector, Overweight (Maintained) - Still a Healthy Growth Momentum For Major Brands
2017/08/03 Regional Daily Regional Morning Matters 08.03.2017
2017/08/03 Sector Update China Bank Sector, Overweight (from Neutral) - Preparing For a Catch-up Rally
2017/08/03 Sector News Flash Hong Kong Retail, Neutral (Maintained) - Retail Sales Missed Expectations
2017/08/03 Comapny Update HK Exchanges (388 HK), Neutral (from Buy), TP: HKD225 (from HKD222) - Expected Earnings Growth Already Priced In
2017/08/02 Regional Daily Regional Morning Matters 08.02.2017
2017/08/02 Sector News Flash Handset Components, Overweight (Maintained) - Apple's 4QFY17 Guidance & 3QFY17 Revenue Above
2017/08/01 Regional Daily Regional Morning Matters 08.01.2017
2017/08/01 Corporate News Flash Tongda Group (698 HK), Buy (Maintained), TP: HKD3.50 (Maintained) - New Growth Drivers Emerging, Buy On Weakness
2017/07/31 Regional Daily Regional Morning Matters 07.31.2017
2017/07/31 Corporate News Flash Xtep International Holdings (1368 HK), Buy (Maintained), TP: HKD4.90 (Maintained) - CFO Change In An Orderly Fashion
2017/07/28 Regional Daily Regional Morning Matters 07.28.2017
2017/07/28 Sector Update China Property Sector, Overweight (Maintained) - Earnings Surprise On The Upside
2017/07/28 Results Review TCL Multimedia Technology (1070 HK), Neutral (Maintained), TP: HKD4.00 (from HKD3.90) - Improving Profitability
2017/07/28 Comapny Update Longfor Properties (960 HK), Buy (Maintained), TP: HKD22.40 (from HKD20.50) - Robust Growth Outlook
2017/07/28 Comapny Update CIFI Holdings (884 HK), Buy (Maintained), TP: HKD4.40 (from HKD3.10) - Still A Growth Player Over The Long Term
2017/07/28 Comapny Update Agile Group Holdings (3383 HK), Neutral (from Sell), TP: HKD8.50 (from HKD4.71) - Upgrade To NEUTRAL On Recovery In Low-Tier Cities
2017/07/28 Comapny Update Country Garden Holdings (2007 HK), Neutral (from Sell), TP: HKD9.60 (from HKD3.57) - Upgrade To NEUTRAL On Stronger Sales Outlook
2017/07/28 Comapny Update Sunac China (1918 HK), Sell (Maintained), TP: HKD14.10 (from HKD7.06) - Looming Debt Concern Overshadows Earnings Growth
2017/07/27 Regional Daily Regional Morning Matters 07.27.2017
2017/07/27 Comapny Update Sunny Optical (2382 HK), Neutral (Maintained), TP: HKD100.50 (from HKD63.20) - Expecting Better Margins In Coming Years
2017/07/26 Regional Daily Regional Morning Matters 07.26.2017
2017/07/26 Corporate News Flash China Evergrande Group (3333 HK), Sell (Maintained), TP: HKD9.20 (Maintained) - In Line, But Sentiment Boost For Positive Profit Alert
2017/07/25 Comapny Update China Merchants Bank (3968 HK), Buy (from Neutral), TP: HKD28.00 (from HKD21.70) - Stellar Performance Drives Sustained Re-rating
2017/07/25 Regional Daily Regional Morning Matters 07.25.2017
2017/07/25 Corporate News Flash Sunac China (1918 HK), Sell (Maintained), TP: HKD7.06 (Maintained) - Little Help From Share Placement
2017/07/24 Comapny Update AAC Technologies (2018 HK), Buy (Maintained), TP: HKD131 (from HKD108) - Emerging Upside Potential From Optics
2017/07/24 Regional Daily Regional Morning Matters 07.24.2017
2017/07/24 Comapny Update Geely Automobile Holdings (175 HK), Neutral (Maintained), TP: HKD15.60 (from HKD14.20) - JV Structure Of Lynk & Co – Limited Downside Impact
2017/07/24 Comapny Update Great Wall Motor Co (2333 HK), Sell (from Neutral), TP: HKD6.60 (from HKD8.13) - Negative Earnings Surprise Unveils Further Decline
2017/07/21 Regional Daily Regional Morning Matters 07.21.2017
2017/07/21 Corporate News Flash Geely Automobile Holdings (175 HK), Neutral (Maintained), TP: HKD14.20 (Under Review) - Lower-Than-Expected Contribution From Lynk & Co
2017/07/20 Regional Daily Regional Morning Matters 07.20.2017
2017/07/20 Corporate News Flash China Communications Construction (1800 HK), Buy (Maintained), TP: HKD12.40 (Maintained) - Further Focus On Core Business After Asset Disposal
2017/07/20 Corporate News Flash Sunac China (1918 HK), Sell (Maintained), TP: HKD7.06 (Maintained) - Tripartite Transaction Less Favourable For Sunac
2017/07/19 Regional Daily Regional Morning Matters 07.19.2017
2017/07/19 Comapny Update Chinasoft (354 HK), Buy (Maintained), TP: HKD5.73 (from HKD5.32) - Entering Into Full Cooperation With Huawei Cloud
2017/07/18 Corporate News Flash Great Wall Motor Co (2333 HK), Neutral (Maintained), TP: HKD8.13 (Maintained) - JV Only Positive In The Long Term
2017/07/18 Corporate News Flash Chinasoft (354 HK), Buy (Maintained), TP: HKD5.32 (Maintained) - Entering Full Cooperation In Cloud With Huawei
2017/07/18 Ceasing Coverage Belle International (1880 HK), Not Rated - Cease Coverage On Successful Privatisation
2017/07/18 Regional Daily Regional Morning Matters 07.18.2017
2017/07/17 Regional Daily Regional Morning Matters 07.17.2017
2017/07/17 Corporate News Flash China South City (1668 HK), Buy (Maintained), TP: HKD2.00 (Maintained) - Positive 1QFY18 Contracted Sales
2017/07/14 Regional Daily Regional Morning Matters 07.14.2017
2017/07/14 Comapny Update Anta Sports (2020 HK), Buy (Maintained), TP: HKD31.00 (from HKD27.00) - Tangible And Achievable Growth Targets
2017/07/13 Sector Update China Bank Sector, Neutral (Maintained) - Tight Liquidity Conditions May Persist
2017/07/13 Regional Daily Regional Morning Matters 07.13.2017
2017/07/13 Corporate News Flash China Everbright International (257 HK), Buy (Maintained), TP: HKD12.20 (Maintained) - Positive Profit Alert Beats Estimates
2017/07/12 Comapny Update Sunac China (1918 HK), Sell (Maintained), TP: HKD7.06 (from HKD6.58) - Landbank Expansion Amid Alarming Gearing
2017/07/12 Regional Daily Regional Morning Matters 07.12.2017
2017/07/12 Corporate News Flash Lenovo Group (992 HK), Buy (Maintained), TP: HKD6.10 (Maintained) - PC Market Keeps Improving
2017/07/12 Sector News Flash China Auto & Autoparts, Neutral - June Auto Sales Growth Is Modest And In Line
2017/07/11 Regional Daily Regional Morning Matters 07.11.2017
2017/07/11 Corporate News Flash Geely Automobile Holdings (175 HK), Neutral (Maintained), TP: HKD14.20 (Maintained) - Positive Profit Alert In Line With Expectations
2017/07/11 Corporate News Flash Sunac China (1918 HK), Sell (Maintained), TP: HKD6.58 (Under review) - Higher Burden Amid Scale Expansion
2017/07/10 Sector News Flash TV Manufacturing Sector, Overweight (Maintained) - Panel Pricing Downtrend Favours TV Vendors
2017/07/10 Regional Daily Regional Morning Matters 07.10.2017
2017/07/10 Comapny Update Greatview Aseptic Packaging (468 HK), Sell (from Neutral), TP: HKD3.90 (from HKD4.00) - Weak Orders In China Likely a Drag To 1H17
2017/07/07 Regional Daily Regional Morning Matters 07.07.2017
2017/07/07 Comapny Update NetDragon (777 HK), Trading Buy (Maintained), TP: HKD24.14 (Maintained) - Takeaways From Its Investor Day
2017/07/06 Regional Daily Regional Morning Matters 07.06.2017
2017/07/06 Sector News Flash China Telecommunications Sector, Overweight (Maintained) - An Overplay On 5G Capex Concerns
2017/07/05 Regional Daily Regional Morning Matters 07.05.2017
2017/07/05 Sector News Flash China Gas Utilities Sector, Overweight (Maintained) - Promotion Policy More Positive Than Expected
2017/07/05 Corporate News Flash Tencent (700 HK), Buy (Maintained), TP: HKD303.00 (Maintained) - Long-Term Investment Thesis Remains Intact
2017/07/04 Regional Daily Regional Morning Matters 07.04.2017
2017/07/04 Comapny Update TCL Multimedia Technology (1070 HK), Neutral (Maintained), TP: HKD3.90 (from HKD3.78) - Enhancing The Visibility Of Its Smart TV Platform
2017/07/03 Regional Daily Regional Morning Matters 07.03.2017
2017/07/03 Sector News Flash China Banks Sector, Neutral (Maintained) - Delay Of Asset Management VAT a Slight Positive
2017/07/03 Comapny Update Sunny Optical (2382 HK), Neutral (from Sell), TP: HKD63.20 (from HKD34.60) - Solid Outlook But Valuation Is Fair
2017/07/03 Corporate News Flash China South City Holdings (1668 HK), Buy (Maintained), TP: HKD2.13 (Under Review) - Recovery In Progress Despite Earnings Miss
2017/06/30 Sector News Flash Hong Kong Retail - Retail Sales Improve Slightly In May
2017/06/30 Regional Daily Regional Morning Matters 06.30.2017
2017/06/29 Ceasing Coverage Sound Global (967 HK), Not Rated (from Neutral) - Ceasing Coverage
2017/06/29 Regional Daily Regional Morning Matters 06.29.2017
2017/06/29 Corporate News Flash Beijing Enterprises Water (371 HK), Buy (Maintained), TP: HKD6.90 (Maintained) - Sound Global Shareholders Consider Privatisation
2017/06/28 Regional Daily Regional Morning Matters 06.28.2017
2017/06/27 Regional Daily Regional Morning Matters 06.27.2017
2017/06/27 Corporate News Flash China Mengniu Dairy (2319 HK), Neutral (Maintained), TP: HKD17 (Maintained) - China Modern Dairy Hurt Mostly By One-Off Losses
2017/06/26 Sector Update Telecommunications Sector, Overweight (Maintained) - An Overplay Of Intensifying Competition Concerns
2017/06/23 Regional Daily Regional Morning Matters 06.23.2017
2017/06/23 Comapny Update Inducstrial & Commercial Bank of China (1398 HK), Buy (Maintained), TP: HKD6.10 (Maintained) - Reverse Roadshow Takeaways
2017/06/23 Sector News Flash Gas Utilities, Overweight (Maintained) - NDRC Guidance Offers Clarity On Regulatory Outlook
2017/06/22 Regional Daily Regional Morning Matters 06.22.2017
2017/06/22 Results Review China Gas Holdings (384 HK), Buy (Maintained), TP: HKD16.10 (from HKD14.10) - Head Start In Rural Market Deserves Re-Rating
2017/06/21 Comapny Update Haitian International Holdings (1882 HK), Buy (Maintained), TP: HKD23.80 (from HKD21.60) - Expecting a Robust Year
2017/06/21 Regional Daily Regional Morning Matters 06.21.2017
2017/06/21 Regional Thematic Research OBOR In ASEAN - From Plan To Practice
2017/06/20 Regional Daily Regional Morning Matters 06.20.2017
2017/06/20 Sector Update China Auto & Auto parts Sector (Neutral) - New Parallel Measurement Draft Drives EV Growth
2017/06/19 Regional Daily Regional Morning Matters 06.19.2017
2017/06/19 Comapny Update Li Ning (2331 HK), Sell (from Neutral), TP: HKD4.60 (Maintained) - Share Price That Is Past Perfection
2017/06/16 Regional Daily Regional Morning Matters 06.16.2017
2017/06/15 Regional Daily Regional Morning Matters 06.15.2017
2017/06/15 Sector Update China Bank Sector, Neutral (Maintained) - Deposit Funding The Key For Growth
2017/06/15 Results Review Skyworth Digital (751 HK), Buy (Maintained), TP: HKD5.90 (from HKD6.40) - Set For a Strong Recovery Ahead
2017/06/14 Regional Daily Regional Morning Matters 06.14.2017
2017/06/14 Corporate News Flash Skyworth Digital (751 HK), Buy (Maintained), TP: HKD6.40 (Maintained) - First Look: Weak FY17 Results Mostly Priced In
2017/06/14 Results Review NetDragon (777 HK), Trading Buy (from Neutral), TP: HKD24.06 (from HKD24.57) - On Track To Turn Profitable In 2017
2017/06/13 Regional Daily Regional Morning Matters 06.13.2017
2017/06/12 Sector Update China Property Sector - A Breather In The Near Term
2017/06/12 Regional Daily Regional Morning Matters 06.12.2017
2017/06/09 Regional Daily Regional Morning Matters 06.09.2017
2017/06/08 Regional Daily Regional Morning Matters 06.08.2017
2017/06/08 Comapny Update Agricultural Bank of China (1288 HK), Buy (from Neutral), TP: HKD4.20 (from HKD3.90) - Solid Funding Base Underpins Stable Growth
2017/06/07 Regional Daily Regional Morning Matters 06.07.2017
2017/06/07 Corporate News Flash Skyworth Digital (751 HK), Buy (Maintained), TP: HKD6.40 (Maintianed) - Tencent To Acquire Stake In Smart TV Platform
2017/06/07 Corporate News Flash Geely Automobile Holdings (175 HK), Neutral (Maintained), TP: HKD14.20 (Maintained) - A Slight Miss For Sales In May
2017/06/06 Regional Daily Regional Morning Matters 06.06.2017
2017/06/06 Corporate News Flash China Lilang (1234 HK), Neutral (Maintained), TP: 4.90 (Maintained) - Winter 2017 Trade Fair Orders Recover As Expected
2017/06/06 Sector News Flash Auto & Autoparts (Neutral) - EV Permit Halt Benefits Existing EV Manufacturers
2017/06/05 Regional Daily Regional Morning Matters 06.05.2017
2017/06/05 Corporate News Flash China Gas Holdings (384 HK), Buy (Maintained), TP: HKD14.10 (Maintained) - Positive Profit Alert In Line With Expectations
2017/06/05 Comapny Update Geely Automobile Holdings (175 HK), Neutral (from Buy), TP: HKD14.20 (from HKD12.00) - Strong Growth, But Too Expensive
2017/06/02 Regional Daily Regional Morning Matters 06.02.2017
2017/06/02 Corporate News Flash Hong Kong Retail Sector - April Retail Sales Normalize After a Strong March
2017/06/02 Comapny Update China Evergrande Group (3333 HK), Sell (Maintained), TP: HKD9.20 (from HKD3.63) - Valuation Overshoot Despite Improving Fundamentals
2017/06/02 Comapny Update Truly International (732 HK), Sell (Maintained), TP: HKD1.91 (Maintained) - Uncertainties Still Ahead
2017/06/01 Regional Daily Regional Morning Matters 06.01.2017
2017/06/01 Results Review Lenovo Group (992 HK), Buy (Maintained), TP: HKD6.10 (from HKD6.63) - Early Signs Of a Turnaround
2017/05/31 Regional Daily Regional Morning Matters 05.31.2017
2017/05/31 Corporate News Flash CRRC Corp (1766 HK), Buy (Maintained), TP: HKD8.25 (Maintained) - Fair Deal On Potential Acquisition
2017/05/31 Comapny Update China Communications Construction (1800 HK). Buy (from Neutral), TP: HKD12.40 (from HKD7.88) - Well-Positioned With Support From Government
2017/05/30 Regional Daily Regional Morning Matters 05.30.2017
2017/05/29 Regional Daily Regional Morning Matters 05.29.2017
2017/05/26 Regional Daily Regional Morning Matters 05.26.2017
2017/05/26 Corporate News Flash Xtep International (1368 HK), Buy (Maintained), TP: HKD4.90 (Maintained) - 4Q17 Trade Fair Remains Unexciting
2017/05/25 Regional Daily Regional Morning Matters 05.25.2017
2017/05/25 Sector Update Strategy - Hong Kong - Modest Impact From Moody’s Downgrade
2017/05/25 Results Review I.T [999 HK], Buy [Maintained], TP: HKD3.80 [from HKD 3.50] - Big Aspirations For China Expansion
2017/05/25 Regional Daily Regional Morning Matters 05.24.2017
2017/05/24 Corporate News Flash Tongda Group (698 HK), Buy (Maintained), TP: HKD3.50 (Maintained) - Outlook Still Solid
2017/05/24 Corporate News Flash Truly International (732 HK), Sell (Maintained), TP: HKD1.91 (Maintained) - Negative Profit Alert From AMOLED Factory Loss
2017/05/24 Comapny Update Tianneng Power (819 HK), Buy (Maintained), TP: HKD8.30 (Maintained) - Market Discipline Implies Stable Margins Outlook
2017/05/24 Results Review Kingsoft (3888 HK), Buy [Maintained], TP: HKD27.03 [from HKD25.64] - Cloud And Mobile Games To Drive Growth
2017/05/23 Regional Daily Regional Morning Matters 05.23.2017
2017/05/23 Comapny Update China Railway Construction (1186 HK), Neutral (from Buy), TP: HKD11.20 (from HKD14.38) - Solid Growth Albeit At a Fair Valuation
2017/05/22 Regional Daily Regional Morning Matters 05.22.2017
2017/05/19 Regional Daily Regional Morning Matters 05.19.2017
2017/05/19 Corporate News Flash China Unicom (762 HK), Buy (Maintained), TP: HKD12.90 (Maintained) - Shaanxi Branch Found Inflating Revenue
2017/05/19 Corporate News Flash China Mengniu Dairy (2319 HK), Neutral (Maintained), TP: HKD17 (Maintained) - Proposed CB Issue Is Financially Favourable
2017/05/18 Regional Daily Regional Morning Matters 05.18.2017
2017/05/18 Results Review Tencent (700 HK). Buy (Maintained), TP: HKD303 (from HKD253) - Strong Mobile Games Drives Higher Growth
2017/05/17 Corporate News Flash Techtronic Industries (669 HK), Buy (Maintained), TP: HKD37 (Maintained) - Continuous Solid Beat From Home Depot
2017/05/17 Regional Daily Regional Morning Matters 05.17.2017
2017/05/17 Results Review Belle International (1880 HK), Neutral (from Sell), TP: HKD6.30 (from HKD3.90) - All Eyes On The Privatisation Proposal Now
2017/05/16 Sector Update Gas Utilities, Overweight (Maintained) - Too Early To Be Pessimistic
2017/05/16 Regional Daily Regional Morning Matters 05.16.2017
2017/05/15 Regional Daily Regional Morning Matters 05.15.2017
2017/05/15 Sector Update China Bank Sector - Sector Divergence To Persist
2017/05/15 Results Review AAC Technologies (2018 HK), Buy (from Neutral), TP: HKD108 (from HKD86) - Short-Sell Report Not Convincing, Buy On Dip
2017/05/15 Comapny Update Biostime International (1112 HK), Sell (from Neutral), TP: HKD19 (from HKD23) - The Case Of An Unequal Treaty Revealed
2017/05/12 Regional Daily Regional Morning Matters 05.12.2017
2017/05/12 Corporate News Flash AAC Technologies (2018 HK), Neutral (maintained), TP: HKD86.00 (maintained) - High Profitability Is Justified
2017/05/12 Corporate News Flash Country Garden (2007 HK), Sell (maintained), TP: HKD3.57 (maintained) - No Impact From Associate President Resigning
2017/05/11 Comapny Update China Railway Group (390 HK), Neutral (from Buy), TP: HKD6.70 (from HKD10.89) - Solid Growth Limited By Margin Contraction
2017/05/11 Corporate News Flash HK Exchanges (388 HK), Buy (Maintained), TP: HKD222 (Maintained) - Strength From Southbound ADV
2017/05/10 Comapny Update Skyworth Digital (751 HK), Buy (Maintained), TP: HKD6.40 (from HKD7.00) - Trough behind, Buy On Weakness
2017/05/10 Corporate News Flash China Unicom (762 HK) - SAPPRFT’s Involvement May Bring In 700MHz
2017/05/09 Regional Daily Regional Morning Matters 05.09.2017
2017/05/08 Regional Daily Regional Morning Matters 05.08.2017
2017/05/08 Sector Update Gas Utilities Sector - The Buying Window Opens Again
2017/05/08 Comapny Update China Gas Holdings (384 HK), Buy (Maintained), TP: HKD14.10 (from HKD13.10) - Embracing The Blue Ocean Rural Market Market Cap
2017/05/08 Comapny Update HK Exchanges (388 HK), Buy (Maintained), TP: HKD222 (from HKD238) - Mild SADV Improvement But Outlook Positive
2017/05/05 Regional Daily Regional Morning Matters 05.04.2017
2017/05/05 Regional Daily Regional Morning Matters 05.05.2017
2017/05/05 Initiation China Automobiles & Components Initiation - Competition in the New Era
2017/05/02 Results Review China Everbright Bank (6818 HK), Sell, TP: HKD3.20 (both maintained) - Margins Pressure Lingers On Weak Funding Base
2017/05/02 Regional Daily Regional Morning Matters 02.05.2017
2017/05/02 Results Review Industrial & Commercial Bank of China (1398 HK), Buy, TP: HKD6.10 (both maintained) - Stable Growth With Margins Recovery
2017/05/02 Results Review Bank of Communications (3328 HK), Neutral, TP: HKD6.20 (both maintained) - Among The Most Impacted By Liquidity Tightening
2017/05/02 Results Review Bank of China (3988 HK), Buy, TP: HKD4.70 (both maintained) - NPL Digestion Accelerates
2017/05/02 Results Review Agricultural Bank of China (1288 HK), Neutral, TP: HKD3.90 (from HKD 3.40) - Brighter Asset Quality Outlook
2017/04/28 Regional Daily Regional Morning Matters 04.28.2017
2017/04/28 Results Review China Construction Bank (939 HK), Buy [Maintained], TP: HKD7.70 [Maintained] - Well Positioned Against Regulatory Headwinds
2017/04/28 Results Review China Merchants Bank (3968 HK), Neutral (Maintained), TP: HKD21.70 (Maintained) - Resilient Margin On Improving Funding Mix
2017/04/28 Results Review TCL Multimedia (1070 HK), Neutral (Maintained), TP: HKD3.78 (from HKD3.80) - More Catalysts Needed
2017/04/28 Results Review CRRC Corp (1766 HK), Buy (Maintained), TP: HKD8.25 (from HKD8.86) - Outlook Still Solid Despite Short-Term Miss
2017/04/27 Regional Daily Regional Morning Matters 04.27.2017
2017/04/27 Results Review China Minsheng Banking Corp (1988 HK), Sell (Maintained), TP: HKD7.00 (from HKD7.40) - Policy Tightening Remains Key Challenge
2017/04/27 Corporate News Flash Tongda Group Holdings (698 HK), Buy (Maintained), TP: HKD3.50 (Maintained) - Glass Casing Kicking In
2017/04/27 Sector Update On The Road With RHB - South Korea TMT Tour - A Cradle For Innovations
2017/04/26 Regional Daily Regional Morning Matters 04.26.2017
2017/04/26 Results Review China CITIC Bank (998 HK), Neutral (maintained), TP: HKD5.20 (maintained) - Lacklustre Growth Outlook
2017/04/25 Regional Daily Regional Morning Matters 04.25.2017
2017/04/25 Sector News Flash RHB: On The Road With RHB - China Sportswear/Footwear Tour - Athleisure is a Dominating Trend
2017/04/24 Regional Daily Regional Morning Matters 04.24.2017
2017/04/24 Results Review China Unicom (762 HK), Buy (Maintained), TP: HKD12.90 (from HKD13.00) - Turnaround Panning Out
2017/04/21 Regional Daily Regional Morning Matters 04.21.2017
2017/04/21 Results Review China Mobile (941 HK), Buy (Maintained), TP: HKD108.00 (Maintained) - A Good Start To The Year
2017/04/20 Regional Daily Regional Morning Matters 04.20.2017
2017/04/20 Sector Update On The Road With RHB - Taiwan TMT Tour - The Leader In Semiconductor And Handset Components
2017/04/19 Regional Daily Regional Morning Matters 04.19.2017
2017/04/19 Coporate News Flash Tianneng Power (819 HK), Buy (maintained), TP: HKD8.30 (maintained) - Unjustified Selloff Creates Entry Opportunity
2017/04/18 Sector News Flash China Bank Sector - Subdued Loan Growth On Credit Rationing
2017/04/18 Regional Daily Regional Morning Matters 04.18.2017
2017/04/17 Regional Daily Regional Morning Matters 04.17.2017
2017/04/13 Regional Daily Regional Morning Matters 04.13.2017
2017/04/13 Company Update CPMC Holdings (906 HK), Buy [Maintained], TP: HKD5.60 [Maintained] - Raw Material Price Inflation Could Be a Net Positive
2017/04/12 Regional Daily Regional Morning Matters 04.12.2017
2017/04/12 Sector Update Environmental Control Sector - What We Like And Don’t Like, And Why
2017/04/11 Regional Daily Regional Morning Matters 04.11.2017
2017/04/11 Company Update Skyworth Digital (751 HK), Buy (Maintained), TP: HKD7.00 (from HKD8.00) - Buy On Dips Given The Expected Strong Rebound
2017/04/10 Regional Daily Regional Morning Matters 04.10.2017
2017/04/10 Company Update VST Holdings (856 HK), Buy (Maintained), TP: HKD3.21 (from HKD2.47) - Solid Growth Supported By Good Execution
2017/04/07 Company Update China Unicom (762 HK), Buy (Maintained), TP: HKD 13.00 (from HKD11.70) - Mixed Ownership To Bring In More Positives
2017/04/07 Regional Daily Regional Morning Matters 04.07.2017
2017/04/06 Regional Daily Regional Morning Matters 04.06.2017
2017/04/05 Regional Daily Regional Morning Matters 04.05.2017
2017/04/05 Company Update Techtronic Industries (669 HK), Buy (Maintained0, TP: HKD37.00 (Maintained) - Outlook Remains Solid
2017/04/05 Company Update CT Environmental (1363 HK), Buy (maintained), TP: HKD2.20 (from HKD2.15) - New Sludge Treatment Contracts A Boost To Earnings
2017/04/04 Regional Daily Regional Morning Matters 04.04.2017
2017/04/03 Regional Daily Regional Morning Matters 04.03.2017
2017/04/03 Results Review Bank of China (3988 HK), Buy [Maintained], TP: HKD4.70 [from HKD4.50] - Brighter Outlook For FY17
2017/04/03 Results Review CT Environmental (1363 HK), Buy (maintained), TP: HKD2.15 (from HKD2.50) - All Eyes On New Projects
2017/03/31 Regional Daily Regional Morning Matters 31.03.2017
2017/03/31 Results Review Industrial & Commercial Bank of China (1398 HK), Buy [Maintained], TP: HKD6.10 [from HKD5.80] - Improving Business Structure As Growth Driver
2017/03/31 Results Review China Travel International (308 HK), Neutral [Maintained], TP: HKD2.26 [from HKD2.40] - Outlook Still Cloudy
2017/03/31 Results Review Beijing Enterprises Water (371 HK), Buy [Maintained], TP: HKD6.90 [from HKD7.30] - Big Deals Landing In 2017
2017/03/31 Results Review China Mengniu Dairy (2319 HK), Neutral (from Buy), TP: HKD10.30 (from HKD8.60) - Upgrade To BUY As Value Emerges After Correction
2017/03/31 Results Review Digital China (861 HK), Neutral (from Trading Buy), TP: HKD7.54 (from HKD8.71) - Business In Transition, Uncertainties Ahead
2017/03/30 Results Review China Construction Bank (939 HK), Buy [Maintained], TP: HKD7.70 [from HKD7.40] - Approaching Asset Quality Turning Point
2017/03/30 Results Review Shimao Property Holdings (813 HK), Buy [Maintained], TP: HKD14.60 [from HKD14.30] - Ready For Recovery
2017/03/30 Results Review CPMC Holdings (906 HK), Buy [Maintained], TP: HKD5.60 [from HKD5.20] - Benefits Of SOE Reform Are Materialising
2017/03/30 Results Review CRRC Corp (1766 HK), Buy [Maintained], TP: HKD8.86 [from HKD8.00] - Strong Recovery Expected In 2017
2017/03/30 Non-Rated Note Canvest Environmental Protection (1381), Not Rated - Growing In The Greenhouse
2017/03/29 Regional Daily Regional Morning Matters 03.29.2017
2017/03/29 Results Review China Evergrande Group (3333 HK), SELL [Maintained], TP: HKD3.63 [from HKD3.20] - Expensive Valuations On Gloomy Fundamentals
2017/03/29 Results Review China Resources Gas (1193 HK), Buy [Maintained], TP: HKD30.40 [from HKD28.80] - Remain Hopeful
2017/03/29 Results Review Sunac China Holdings (1918 HK), SELL [from Neutral], TP: HKD6.58 [from HKD5.89] - Now Overpriced With Mixed Fundamentals
2017/03/29 Results Review Chinasoft International (354 HK), Buy [Maintained], TP: HKD5.32 [from HKD4.51] - Strong Growth With High Visibility
2017/03/29 Results Review Biostime International Holdings (1112 HK), Neutral [Maintained], TP: HKD23.00 [from HKD20.00] - Growth Momentum To Decelerate
2017/03/29 Results Review Bank of Communications (3328 HK), Neutral [Maintained], TP: HKD6.20 [from HKD5.90] - NIM Pressure Lingers On Unfavourable Funding Mix
2017/03/28 Regional Daily Regional Morning Matters 03.28.2017
2017/03/28 Results Review Tianneng Power (819 HK), Buy [Maintained], TP: HKD8.30 [from HKD8.10] - Optimistic On Further GPM Expansion
2017/03/28 Results Review Shenzhou International (2313 HK), Buy [Maintained], TP: HKD56.00 [from HKD53.60] - Long-Term Growth Story Intact
2017/03/28 Results Review Greatview Aseptic Packaging (468 HK), Neutral [Maintained], TP: HKD4.00 [Maintained] - A Faster Europe To Save a Slower China
2017/03/28 Results Review Greentown China Holdings (3900 HK), Sell [from Neutral], TP: HKD6.48 [from HKD5.96] - Concerns On a Valuation Overshoot
2017/03/27 Results Review China Merchants Bank (3968 HK), Neutral [Maintained], TP: HKD21.70 [from HKD20.00] - Improving Asset Quality Outlook Likely Priced In
2017/03/27 Results Review Longfor Properties Co (960 HK), Buy [Maintained], TP: HKD15.40 [from HKD13.87] - Still a Solid Mid Cap Play
2017/03/27 Regional Daily Regional Morning Matters 03.27.2017
2017/03/24 Regional Daily Regional Morning Matters 24.03.2014
2017/03/24 Results Review China CITIC Bank (998 HK), Neutral (maintained), TP: HKD5.20 (from 4.80) - Weak Capital Position Hinders Asset Growth
2017/03/24 Results Review China Mobile (941 HK), Buy (maintained), TP: HKD108.00 (from 112.00) - Starting To Reward Shareholders
2017/03/24 Results Review Country Garden (2007 HK), Sell [Maintained], TP: HKD3.57 [from HKD3.11] - Still Overpriced Despite Better Fundamentals
2017/03/24 Results Review Dynagreen Environmental Protection (1330 HK), Buy [Maintained], TP: HKD5.10 [from HKD4.68] -
2017/03/24 Results Review KWG Property (1813 HK), Buy [Maintained], TP: HKD 7.50 [from HKD7.00] - Likely To Play Catch-Up
2017/03/24 Results Review NetDragon (777 HK), Neutral [Maintained], TP: HKD24.57 [from HKD26.30] - Outlook Turns Better But Still Early Days
2017/03/24 Results Review Li Ning (2331 HK), Neutral [Maintained], TP: HKD4.60 [from HKD4.30] - Patience Still Needed
2017/03/24 Results Review China Overseas Grand Oceans Group (81 HK), Sell [Maintained], TP: HKD2.50 [from HKD2.21] - Even More Expensive As Fundamentals Remain Weak
2017/03/23 Results Review China Resource Land (1109 HK), Buy [Maintained], TP: HKD28.72 [from HKD27.84] - Steady Outlook With Undemanding Valuation
2017/03/23 Results Review Regional Morning Matters 03.23.2017
2017/03/23 Results Review AAC Technologies (2018 HK), Neutral [Maintained], TP: HKD86.00 [from HKD75.30] - Expecting Solid Growth Ahead
2017/03/23 Results Review China Overseas (688 HK), Buy [Maintained], TP: HKD31.10 [from HKD33.80] - Likely To Beat Conservative Sales Target
2017/03/23 Results Review Tencent (700 HK), Buy [Maintained], TP: HKD253.00 [from HKD237.00] - Another Strong Quarter
2017/03/22 Results Review Kingsoft (3888 HK), Buy [Maintained], TP: HKD25.64 [from HKD21.48] - Strong Growth Driven By Games And Cloud
2017/03/22 Regional Daily Regional Morning Matters 03.22.2017
2017/03/22 Results Review China State Construction (3311 HK), Buy [Maintained], TP: HKD15.70 [from HKD14.60] - Continuing To Grow Strong
2017/03/22 Results Review TCL Mutimedia (1070 HK), Neutral [from Sell], TP: HKD3.80 [from HKD3.46] - More Favourable Operating Environment Ahead
2017/03/21 Results Review Tongda Group Holdings (698 HK), Buy [Maintained], TP: HKD3.50 [from HKD2.50] - Triple Drivers – Metal/Glass Casing And Waterproof
2017/03/21 Regional Daily Regional Morning Matters 03.21.2017
2017/03/20 Regional Daily Regional Morning Matters 03.20.2017
2017/03/20 Sector News Flash Real Estate - More Tightening Measures In Selected Cities
2017/03/20 Results Review Xtep International Holdings (1368 HK), Buy [Maintained], TP: HKD4.90 [from HKD 5.20] - Still Represents Good Value
2017/03/20 Results Review Truly International (732 HK), Sell [Maintained], TP: HKD1.91 [from HKD1.94] - Prospects increasingly cloudy
2017/03/17 Results Review Trinity (891 HK), Sell [Maintained], TP: HKD0.40 [from HKD0.50] - Visibility Remains Low
2017/03/17 Results Review Kingdee (268 HK), Neutral [from Buy], TP: HKD3.27 [from HKD3.78] - Fairly Priced
2017/03/17 Regional Daily Regional Morning Matters 03.17.2017
2017/03/16 Regional Daily Regional Morning Matters 03.16.2017
2017/03/16 Results Review Techtronic Industries (669 HK), Buy [Maintained], TP: HKD37.00 [from HKD35.50] - Lifting TP On More Optimistic Outlook
2017/03/16 Results Review Agile Group Holdings (3383 HK), Sell [Neutral], TP: HKD4.71 [from HKD11.90] - Downgrade On Rich Valuations
2017/03/16 Results Review China Unicom (762 HK), Buy [Maintained], TP: HKD11.70 [Both Maintained] - Big Capex Cut a Key Positive Surprise
2017/03/15 Regional Daily Regional Morning Matters 03.15.2017
2017/03/15 Results Review Sunny Optical (2382 HK), Sell [Maintained], TP: HKD34.60 [from HKD30.60] - Share Price Still Overshoots
2017/03/14 Regional Daily Regional Morning Matters 03.14.2017
2017/03/14 Results Review China Lilang (1234 HK), Neutral [maintained], TP: HKD4.90 [from HKD4.70] - Trade Fair Bottoms Out
2017/03/13 Regional Daily Regional Morning Matters 03.13.2017
2017/03/13 Coporate News Flash China State Construction (3311 HK), Buy [maintained], TP: HKD14.60 [both maintained] - Strong New Contracts Growth In February
2017/03/10 Regional Daily Regional Morning Matters 03.10.2017
2017/03/09 Regional Daily Regional Morning Matters 03.09.2017
2017/03/09 Results Review CIFI Holdings Group (884 HK), Buy [Maintained], TP: HKD3.10 [from HKD2.70] - TP Rises On More Buoyant Prospect
2017/03/08 Regional Daily Regional Morning Matters 03.08.2017
2017/03/08 Company Update Chinasoft International (354 HK), Buy [Maintained], TP: HKD4.51 [Both Maintained] - Rapid Growth To Continue
2017/03/07 Regional Daily Regional Morning Matters 03.07.2017
2017/03/06 Regional Daily Regional Morning Matters 03.06.2017
2017/03/06 Results Review Texhong Textile Group (2678 HK), Neutral [maintained], TP: HKD11.40 [both maintained] - Outlook Remains Tepid
2017/03/03 Sector Update China Retail Sector - Channel Checking In Shenzhen
2017/03/03 Regional Daily Regional Morning Matters 03.03.2017
2017/03/02 Regional Daily Regional Morning Matters 03.02.2017
2017/03/01 Results Review China Everbright (257 HK), Buy [maintained], TP: HKD12.20 [from HKD10.30] - Winner Of China’s WTE Boom
2017/03/01 Results Review Xinyi Glass Holdings (868 HK), Buy [Maintained], TP: HKD9.00 [from HKD8.40] - TP Rises On An Even More Promising Outlook
2017/03/01 Regional Daily Regional Morning Matters 03.01.2017
2017/02/28 Regional Daily Regional Morning Matters 02.28.2017
2017/02/27 Regional Daily Regional Morning Matters 02.27.2017
2017/02/27 Sector Update China Engineering & Construction Sector - New Progress On PPP Securitisation
2017/02/24 Regional Daily Regional Morning Matters 02.24.2017
2017/02/23 Regional Daily Regional Morning Matters 02.23.2017
2017/02/23 Results Review Anta Sports (2020 HK), Buy [Maintained], TP: HKD27.00 [from HKD24.00] - Strong FY16 Results With Promising Outlook
2017/02/22 Regional Daily Regional Morning Matters 02.22.2017
2017/02/22 Company Update Shenzhou International (2313 HK), Buy [from Neutral], TP: HKD53.60 - Attractive Once Again
2017/02/21 Regional Daily Regional Morning Matters 02.21.2017
2017/02/20 Regional Daily Regional Morning Matters 02.20.2017
2017/02/17 Sector Update Real Estate - Still Upbeat Despite ST Profit-taking Risk
2017/02/17 Regional Daily Regional Morning Matters 02.17.2017
2017/02/17 Company Update Lenovo Group (992 HK), Buy[Maintianed], TP: HKD6.63 [from HKD7.00] - Recovery On Right Track But Slower Than Expected
2017/02/16 Regional Daily Regional Morning Matters 02.16.2017
2017/02/15 Regional Daily Regional Morning Matters 02.15.2017
2017/02/15 Sector News Flash China Bank Sector - Off-Balance Sheet Financing Fuels Strong TSF
2017/02/14 Sector Update China Dairy Sector - Dairy Upcycle In Progress
2017/02/13 Regional Daily Regional Morning Matters 02.13.2017
2017/02/13 Company Update Sunny Optical (2382 HK), Sell [Maintained], TP: HKD30.60 [from HKD27.20] - Still TOo Pricey Despite a Stronger Outlook
2017/02/13 Company Update China South City (1668 HK), Buy, TP: HKD2.13[Both Maintained] - Strong Recovery Countinues
2017/02/10 Regional Daily Regional Morning Matters 02.10.2017
2017/02/09 Sector News Flash Real Estate - Earlier-Than-Expected Contracted Sales Recovery
2017/02/09 Regional Daily Regional Morning Matters 02.09.2017
2017/02/08 Company Update Haitian Intl (1882 HK), Neutral [from Buy], TP: HKD17.20 [maintained] - Solid Fundamentals Largely Priced In
2017/02/08 Regional Daily Regional Morning Matters 02.08.2017
2017/02/07 Company Update Dynagreen Environmental (1330 HK), Buy [maintained], TP: HKD4.68 [both maintained] - Positive Profit Alert Signals Another Beat
2017/02/06 Sector Update China Bank Sector - Alternative Rate Hike To Curb Credit Expansion
2017/02/06 Regional Daily Regional Morning Matters 02.06.2017
2017/02/03 Regional Daily Regional Morning Matters 02.03.2017
2017/02/02 Regional Daily Regional Morning Matters 02.02.2017
2017/02/01 Company Update China Everbright (257 HK), Buy [maintained], TP: HKD10.30 [both maintained] - CEG IPO Reactivated, New Funding Channel a Positive
2017/02/01 Regional Daily Regional Morning Matters 02.01.2017
2017/01/27 Regional Daily Regional Morning Matters 01.27.2017
2017/01/27 Company Update China Unicom (762 HK), Buy [maintained], TP: HKD11.70 (from HKD12.70) - Still Set For a Major Turnaround
2017/01/26 Regional Daily Regional Morning Matters 01.26.2017
2017/01/25 Regional Daily Regional Morning Matters 01.25.2017
2017/01/25 Sector Update China Property Sector - Real Estate - Still Expecting Post-CNY Recovery in Contracted Sales
2017/01/24 Regional Daily Regional Morning Matters 01.24.2017
2017/01/24 Company Update Xtep International Holdings (1368 HK), Buy [Maintained], TP: HKD5.20 [from HKD 5.70] - Attractively Priced As Concerns Are Overdone
2017/01/23 Regional Daily Regional Morning Matters 01.23.2017
2017/01/19 Regional Daily Regional Morning Matters 01.19.2017
2017/01/18 Regional Daily Regional Morning Matters 01.18.2017
2017/01/18 Company Update Techtronic Industries (669 HK), Buy[maintained], TP: HKD35.50 [both maintained] - Even More Attractive Now
2017/01/17 Regional Daily Regional Morning Matters 01.17.2017
2017/01/16 Regional Daily Regional Morning Matters 01.16.2017
2017/01/13 Regional Daily Regional Morning Matters 01.13.2017
2017/01/12 Regional Daily Regional Morning Matters 01.12.2017
2017/01/11 Company Update Tianneng Power (819 HK), Buy [maintained], TP: HKD8.10 [From HKD8.20] - Fundamentals Intact Despite Policy Headwinds
2017/01/11 Regional Daily Regional Morning Matters 01.11.2017
2017/01/10 Regional Daily Regional Morning Matters 01.10.2017
2017/01/09 Sector News Flash Handset Components - CES 2017 - Waterproof Adoption On The Rise
2017/01/09 Regional Daily Regional Morning Matters 01.09.2017
2017/01/06 Regional Daily Regional Morning Matters 01.06.2017
2017/01/05 Regional Daily Regional Morning Matters 01.05.2017
2017/01/05 Coporate News Flash China Mengniu (2319 HK), Buy [Maintained], TP: HKD18.00 [Both Maintained] - Increasing Stake in CMD - a Strategic Move
2017/01/04 Regional Daily Regional Morning Matters 01.04.2017
2017/01/03 Sector Update Gas Utilities - The Natural Choice For a Cleaner Future
2017/01/03 Regional Daily Regional Morning Matters 01.03.2017
2016/12/16 Regional Daily Regional Morning Matters 12.16.2016
2016/12/16 Sector Update China Property Sector - Orderly Consolidation Continues
2016/12/16 Company Update China Mengniu Dairy (2319 HK), Buy[maintained], TP: HKD18.00 [from HKD19.00] - Staying Positive Despite Profit Warning
2016/12/16 Sector News Flash China Bank Sector - Property Tightening And Rising Yields: Limited Impact
2016/12/15 Regional Daily Regional Morning Matters 12.15.2016
2016/12/14 Company Update Dynagreen Environmental (1330 HK), Buy [maintained], TP: HKD4.68 [from 4.80] - Undervalued Even Under The Worst Case Scenario
2016/12/14 Regional Daily Regional Morning Matters 12.14.2016
2016/12/13 Initiation China Unicom (762 HK), Buy, TP: HKD12.65 - Playing Catch Up
2016/12/13 Regional Daily Regional Morning Matters 12.13.2016
2016/12/12 Regional Daily Regional Morning Matters 12.12.2016
2016/12/12 Company Update China Everbright (257 HK), Buy [from Neutral], TP: HKD10.30 [from HKD8.60] - Upgrade To BUY As Value Emerges After Correction
2016/12/09 Coporate News Flash Xinyi Glass Holdings (868 HK), Buy (maintained), TP: HKD8.40 (both maintained) - Qianhai Land Acquisition a Long Term Strategic Move
2016/12/09 Regional Daily Regional Morning Matters 12.09.2016
2016/12/08 Regional Daily Regional Morning Matters 12.08.2016
2016/12/07 Regional Daily Regional Morning Matters 12.07.2016
2016/12/07 Company Update CIFI Holdings Group (884 HK), Buy (maintained), TP: HKD2.70 (from HKD2.50) - Lifting TP On Stronger Fundamentals
2016/12/06 Regional Daily Regional Morning Matters 12.06.2016
2016/12/05 Company Update Tianneng Power (819 HK), Buy (maintained), TP: HKD8.20 (both maintained) - Limited Impact Of LIB & EV Policy Uncertainties
2016/12/05 Regional Daily Regional Morning Matters 12.05.2016
2016/12/02 Regional Daily Regional Morning Matters 12.02.2016
2016/12/02 Company Update CT Environmental (1363 HK), Buy (maintained), TP: HKD2.50 (from HKD2.80) - Rebuttal Convincing; Buy On Weakness
2016/12/01 Results Review China Huishan Dairy (6863 HK), SELL (maintained), TP: HKD2.00 (from HKD1.80) - Still Overvalued Despite Brighter Prospects
2016/12/01 Regional Daily Regional Morning Matters 12.01.2016
2016/11/30 Regional Daily Regional Morning Matters 11.30.2016
2016/11/30 Sector News Flash China Properties Sector - Further Tightening Measures In Shanghai & Tianjin
2016/11/29 Regional Daily Regional Morning Matters 11.29.2016
2016/11/29 Results Review China South City (1668 HK), Buy (from neutral), TP: HKD2.13 (from 1.50) - Upgrade To Buy On Sustainable Recovery
2016/11/28 Regional Daily Regional Morning Matters 11.28.2016
2016/11/28 Company Update Mengniu (2319 HK), Buy (maintained), TP: HKD19.00 (from HKD16.80) - Still Positive After Site Visit To New Zealand IMF Plant
2016/11/25 Regional Daily Regional Morning Matters 11.25.2016
2016/11/24 Regional Daily Regional Morning Matters 11.24.2016
2016/11/24 Results Review Skyworth Digital (751 HK), Buy (maintained), TP: HKD8.00 (from HKD9.10) - Prospects Remain Promising Despite Setback
2016/11/23 Regional Daily Regional Morning Matters 11.23.2016
2016/11/22 Regional Daily Regional Morning Matters 11.22.2016
2016/11/22 Company Update Haitian International Holdings (1882 HK), Buy (maintained), TP: HKD17.20 (both maintained) - Outlook Stays Solid For The Market Leader
2016/11/21 Regional Daily Regional Morning Matters 11.21.2016
2016/11/18 Regional Daily Regional Morning Matters 11.18.2016
2016/11/18 Results Review Truly International (732 HK), SELL (maintained), TP: HKD1.94 (from HKD2.05) - AMOLED Factory An Increasing Drag
2016/11/18 Results Review Texwinca Holdings (321 HK), SELL (maintained), TP: HKD4.70 (from HKD4.90) - Weak Outlook Tempered By High Yield
2016/11/17 Regional Daily Regional Morning Matters 11.17.2016
2016/11/16 Regional Daily Regional Morning Matters 11.16.2016
2016/11/15 Regional Daily Regional Morning Matters 11.15.2016
2016/11/15 Sector News Flash China Banks Sector - Credit Growth To Moderate On Selective Tightening
2016/11/15 Sector Update China Properties Sector - Awaiting a Recovery
2016/11/15 Company Update Texhong Textile Group (2678 HK), Neutral (maintained), TP: HKD11.40 (from HKD10.30) - GPM To Normalise On Stable Cotton Price Expectation
2016/11/15 Results Review AAC Technologies (2018 HK), Neutral (maintained), TP: HKD75.30 (both maintained) - Robust Outlook Clouded By Leshi
2016/11/14 Regional Daily Regional Morning Matters 11.14.2016
2016/11/14 Company Update Xinyi Glass Holdings (868 HK), Buy (maintained), TP: HKD8.40 (both maintained) - Concerns Overdone, Still a Buy
2016/11/11 Regional Daily Regional Morning Matters 11.11.2016
2016/11/10 Regional Daily Regional Morning Matters 11.10.2016
2016/11/10 Company Update CT Environmental (1363 HK), Buy (maintained), TP: HKD2.80 (from HKD3.00) - Slight Hiccup On the Road To Growth
2016/11/09 Regional Daily Regional Morning Matters 11.09.2016
2016/11/08 Regional Daily Regional Morning Matters 11.08.2016
2016/11/08 Company Update Texwinca (321 HK), SELL (from Neutral), TP: HKD4.90 (from HKD6.20) - De-rating Likely to Continue
2016/11/07 Regional Daily Regional Morning Matters 11.07.2016
2016/11/04 Regional Daily Regional Morning Matters 11.04.2016
2016/11/04 Results Review Lenovo Group (992 HK), Buy (maintained), TP: HKD7.00 (from HKD7.73) - Recovery At PC And Mobile Units Continue
2016/11/03 Regional Daily Regional Morning Matters 11.03.2016
2016/11/03 Company Update Kingsoft (3888 HK), Buy (maintained) TP: HKD21.48 (from HKD21.03) - Games And Cloud Units Moving On The Fast Track
2016/11/02 Regional Daily Regional Morning Matters 11.02.2016
2016/11/02 Company Update Biostime (1112 HK), Neutral (maintained), TP: HKD20.00 (from HKD22.00) - Outlook For Swisse Product Sales Worsens
2016/11/01 Regional Daily Regional Morning Matters 11.01.2016
2016/11/01 Results Review China Minsheng Banking Corp (1988 HK), SELL (maintained), TP: HKD7.40 (both maintained), - Capital Depletion Accelerates
2016/10/31 Results Review Industrial & Commercial Bank of China (1398 HK), Buy (maintained), TP" HKD5.80 (both maintained) - Outlook For Margins Improves
2016/10/31 Results Review Agricultural Bank of China (1288 HK), Neutral (maintained), TP: HKD3.40 (from HKD 3.60) - Asset Quality Pressure Persists
2016/10/31 Regional Daily Regional Morning Matters 10.31.2016
2016/10/31 Company Update China State Construction (3311 HK), Buy (maintained), TP: HKD12.70 (from HKD12.60) - Positive Takeaways From Reverse Roadshow
2016/10/28 Regional Daily Regional Morning Matters 10.28.2016
2016/10/28 Company Update China Travel International (308 HK), Neutral (maintained), TP: HKD2.40 (both maintained) - Lack of Imminent Catalysts
2016/10/28 Results Review China Construction Bank (939 HK), Buy (maintained), TP: HKD7.40 (from HKD7.10) - NPL Disposal Speeds Up
2016/10/28 Company Update ANTA Sports Products Ltd (2020 HK), Buy (from Neutral), TP: HKD24.00 (from HKD19.00) - Sustained High Growth From Market Leader
2016/10/27 Regional Daily Regional Morning Matters 10.27.2016
2016/10/27 Results Review Bank of China (3988 HK), Buy (maintained), TP: HKD4.20 (from HKD4.10) - Improving Asset Quality Trend
2016/10/27 Results Review Belle International Holdings Ltd (1880 HK), SELL (from Neutral), TP: HKD3.90 (both maintained) - Challenges Remain
2016/10/26 Results Review I.T Ltd (999 HK), Buy (maintained), TP: HKD3.50 (from HKD3.10) - Rising Above The Crowd
2016/10/26 Regional Daily Regional Morning Matters 10.26.2016
2016/10/25 Regional Daily Regional Morning Matters 10.25.2016
2016/10/25 Corporate New Flash Tongda (698 HK), Buy, TP: HKD2.50 (both maintained) - Further Ramp Up in 4Q Likely
2016/10/25 Results Review TCL Multimedia Technology (1070 HK), SELL (maintained), TP: 3.46 (from HKD 3.56) - Improving But Still Behind Expectations
2016/10/24 Results Review China Mobile (941 HK), Buy, TP: HKD112.0(Both Maintained) - Solid Growth Ahead Despite a Hiccup In 3Q16
2016/10/24 Regional Daily Regional Morning Matters 10.24.2016
2016/10/24 Results Review China State Construction (3311 HK), Buy, TP: HKD12.6(Both Maintained)-Topline Ramping Up In 4Q16
2016/10/20 Regional Daily Regional Morning Matters 10.20.2016
2016/10/19 Regional Daily Regional Morning Matters 10.19.2016
2016/10/19 Sector Update RHB: China Property Sector - A Welcome Breather Likely In Near Term
2016/10/18 Regional Daily Regional Morning Matters 10.18.2016
2016/10/18 Company Update RHB: Xtep (1368 HK), BUY, TP: HKD5.70(Both Maintained) - Solid Fundamentals Not Priced In Yet
2016/10/17 Regional Daily Regional Morning Matters 10.17.2016
2016/10/17 Corporate News Flash RHB: China South City (1668 HK), NEUTRAL, TP: HKD1.50 (both maintained) - Contracted Sales Growth To Continue In 2HFY17
2016/10/14 Regional Daily Regional Morning Matters 10.14.2016
2016/10/14 Company Update COGO (81 HK), SELL (maintained), TP: HKD2.21 (from HKD2.18) - Acquisitions From Parent To Have Mixed Impact
2016/10/13 Regional Daily Regional Morning Matters 10.13.2016
2016/10/12 Regional Daily Regional Morning Matters 10.12.2016
2016/10/12 Sector News Flash Handset Components - Samsung’s Loss Is Others’ Gain
2016/10/11 Regional Daily Regional Morning Matters 10.11.2016
2016/10/11 Company Update Tianneng Power (819 HK), Buy (from Neutral), TP: HKD8.20 (from HKD5.72) - A Lead-Acid Play With a Lithium Edge
2016/10/10 Regional Daily Regional Morning Matters 10.10.2016
2016/10/07 Regional Daily Regional Morning Matters 10.07.2016
2016/10/06 Sector Initiation China Banks Sector - Stay Selective Amidst A Still Challenging Outlook
2016/10/06 Regional Daily Regional Morning Matters 10.06.2016
2016/10/05 Company Update Pacific Online (543 HK), Neutral (Maintained),TP: HKD2.16 (from HKD2.28) -Still Facing Challenging Times
2016/10/05 Regional Daily Regional Morning Matters 10.05.2016
2016/10/04 Regional Daily Regional Morning Matters 10.04.2016
2016/10/04 Sector Update China Property Sector - New Measures Still Unlikely To Have Big Impact
2016/10/03 Sector Update China Waste-to-Energy Sector - Likely Small Impact Of Tariff Cut Risk
2016/09/30 Regional Daily Regional Morning Matters 09.30.2016
2016/09/30 Company Update Evergrande (3333 HK), SELL (maintained), TP: HKD3.20 (from HKD3.00) - Negligible Boost From Disposal of Non-core Assets
2016/09/29 Regional Daily Regional Morning Matters 09.29.2016
2016/09/29 Company Update Sunac China (1918 HK), NEUTRAL (from Buy), TP: HKD5.89 (from HKD6.80) - Impact Of Recent Developments Slightly Negative
2016/09/28 Regional Daily Regional Morning Matters 09.28.2016
2016/09/28 Company Update Shenzhou International (2313 HK), Neutral (from Buy), TP: HKD 53.60 (from HKD 47.00) - Outlook Still Solid But Looks Priced In
2016/09/27 Regional Daily Regional Morning Matters 09.27.2016
2016/09/26 Regional Daily Regional Morning Matters 09.26.2016
2016/09/26 Company Update Lenovo Group (992 HK), Buy, TP: HKD7.73(Both maintained) - Notebook Recovery Gathering Steam
2016/09/23 Regional Daily Regional Morning Matters 09.23.2016
2016/09/23 Corporate News Flash Kangda Int’l Environmental (6136 HK), Neutral, TP: HKD1.70 (both maintained) - Connected Transaction Increases Uncertainty
2016/09/22 Regional Daily Regional Morning Matters 09.22.2016
2016/09/21 Company Update China Mobile (941 HK), Buy, TP: HKD112.00(Both Maintained) - Outlook Stays Solid
2016/09/21 Regional Daily Regional Morning Matters 09.21.2016
2016/09/20 Regional Daily Regional Morning Matters 09.20.2016
2016/09/20 Sector Update China Property Sector - Upcoming Peak Season To Drive Sales
2016/09/19 Regional Daily Regional Morning Matters 09.19.2016
2016/09/19 Company Update Texhong Textile Group (2678 HK), Neutral (from Buy), TP: HKD 10.3 (from HKD 9.0) - Time to Take a Breather
2016/09/15 Regional Daily Regional Morning Matters 09.15.2016
2016/09/14 Regional Daily Regional Morning Matters 09.14.2016
2016/09/14 Reinitiating Coverage Xinyi Glass Holdings (868 HK), Buy (maintained), TP: HKD 8.40 (from HKD 5.20) - Recovery to Continue
2016/09/13 Regional Daily Regional Morning Matters 09.13.2016
2016/09/13 Company Update Chinasoft (354 HK), Buy(maintained), TP HKD4.51(from HKD 4.29) – Mixed Impact From Termination Of Back-Door Listing
2016/09/09 Regional Daily Regional Morning Matters 09.09.2016
2016/09/09 Company Update HK Exchanges (388 HK), BUY (maintained), TP: HKD238 (from HKD 215) - The Best Is Yet To Be
2016/09/08 Regional Daily Regional Morning Matters 09.08.2016
2016/09/08 Company Update Techtronic Industries (669 HK), BUY, TP: HKD35.50 (both maintained) - Expecting Better Results
2016/09/07 Regional Daily Regional Morning Matters 09.07.2016
2016/09/06 Regional Daily Regional Morning Matters 09.06.2016
2016/09/05 Regional Daily Regional Morning Matters 09.05.2016
2016/09/05 Corporate New Flash CT Environmental (1363 HK), Buy, TP: HKD3.00 (both maintained) - NDR Takeaways: Geographical Expansion In Sight
2016/09/02 Regional Daily Regional Morning Matters 09.02.2016
2016/09/02 Results Review Digital China (861 HK), Trading Buy (from Buy) TP: HKD8.71 (from HKD8.89) - Battle for Control Still The Focus
2016/09/01 Regional Daily Regional Morning Matters 09.01.2016
2016/09/01 Results Review Evergrande (3333 HK), SELL (maintained), TP: HKD3.00 (from HKD3.05) - Still Expensive Given High Risk Profile
2016/09/01 Results Review NetDragon (777 HK), Neutral(Maintained), TP HKD26.30(From HKD24.82) – Developments On Track But Largely Priced In
2016/08/31 Regional Daily Regional Morning Matters 08.31.2016
2016/08/31 Results Review Greatview Aseptic (468 HK, Neutral (maintained), TP: HKD4.00 (from 3.50)) - Seeking Growth in Europe
2016/08/31 Corporate News Flash Wasion (3393 HK), Buy, TP: HKD 4.90(both maintained) - Weak SM Tender Not a Key Concern
2016/08/31 Results Review Sunac China (1918 HK), BUY (maintained), TP: HKD6.80 (from HKD6.90) - Recovery In The Works
2016/08/31 Results Review Shimao Property (813 HK), BUY (maintained), TP: HKD14.30 (from HKD15.74) - Recovery Intact
2016/08/31 Results Review Beijing Enterprises Water (371 HK), Buy (maintained), TP: HKD 7.30 (from HKD 6.10) - Fuelling Growth Via Flexible Financing Channels
2016/08/30 Results Review Greentown China (3900 HK), NEUTRAL, TP: HKD5.96 (both maintained) - Lacking Catalysts For Upgrade
2016/08/30 Regional Daily Regional Morning Matters 08.30.2016
2016/08/30 Results Review CT Environmental (1363 HK), Buy, TP: HKD 3.00 (both maintained) - Becoming An Integrated Waste Treatment Supplier
2016/08/30 Results Review Anta (2020 HK, Neutral (from BUY), TP: HKD19.00 (maintained)) - Solid Outlook But Fairly Priced
2016/08/29 Regional Daily Regional Morning Matters 08.29.2016
2016/08/29 Results Review CR Land (1109 HK), BUY, TP: HKD27.84 (both maintained) - Still Our Favourite Large-Cap Pick
2016/08/29 Results Review AAC Technologies (2018 HK), NEUTRAL (Maintained), TP: HKD75.30 (From HKD59.50) - Looking Towards a Stronger 2H16
2016/08/29 Results Review KWG Property (1813 HK), BUY, TP: HKD7.00 (both maintained) - Still An Undervalued Quality Mid-Cap Developer
2016/08/29 Results Review CPMC (906 HK), BUY (from Neutral), TP: HKD5.20 (from HKD3.80) - New Shareholder Likely To Boost Efficiency
2016/08/26 Regional Daily Regional Morning Matters 08.26.2016
2016/08/26 Results Review Biostime (1112 HK), Neutral (maintained), TP: HKD22.0 (from HKD25.0) - Swisse Slowdown Remains The Primary Concern
2016/08/26 Results Review Mengniu (2319 HK), BUY (maintained), TP: HKD16.80 (from HKD15.20) - Recovery in Sight
2016/08/25 Results Review Chinasoft (354 HK), Buy (Maintained), TP: HKD4.29 (from 3.83)-Strong Growth With High Visibility
2016/08/25 Regional Daily Regional Morning Matters 08.25.2016
2016/08/24 Regional Daily Regional Morning Matters 08.24.2016
2016/08/24 Results Review Agile Property (3383 HK), NEUTRAL (maintained), TP: HKD4.16 (from HKD4.24) - Fairly Valued Although Prospects Remain Challenging
2016/08/24 Results Review Kangda Int’l Environmental (6136 HK), Neutral (maintained), TP: HKD1.70 (from HKD1.90) - Rising Gearing The Glass Ceiling
2016/08/24 Results Review VST (856 HK), Buy (maintained), TP HKD2.47 (from HKD2.53)– Expanding Product Lines To Tackle Headwinds
2016/08/23 Regional Daily Regional Morning Matters 08.23.2016
2016/08/23 Results Review COLI (81 HK), BUY, TP: HKD33.80 (both maintained) - Solid Fundamentals Remain Intact
2016/08/23 Results Review Xtep (1368 HK), BUY (maintained, TP: HKD5.70 (from HKD5.80)) - Emerging Leader Still a Value Play
2016/08/23 Results Review CRRC Corp (1766 HK), Neutral, TP: HKD 7.00 (both maintained) - Still Tepid Outlook
2016/08/23 Results Review Wasion (3393 HK), BUY (Maintained), TP: HKD4.90 (from HKD5.60) - Recovering From The Trough
2016/08/22 Regional Daily Regional Morning Matters 08.22.2016
2016/08/22 Results Review Techtronic (669 HK), Buy (From NEUTRAL) , TP: HKD35.50 (From HKD31.70) - Market Leader Now Attractively Priced
2016/08/22 Results Review Kingsoft (3888 HK), Buy (maintained), TP: HKD21.03 (from HKD21.16) - Strong Game and Cloud Businesses
2016/08/22 Results Review Dynagreen (1330 HK), Buy (maintained), TP: HKD4.80 (from HKD4.50) - Still Inexpensive; Rerating Hangs On Project Execution
2016/08/22 Results Review Truly (732 HK), SELL (maintained), TP: HKD2.05 (from HKD1.83) - Headwinds To Persist
2016/08/19 Regional Daily Regional Morning Matters 08.19.2016
2016/08/19 Company Update Kangda International (6136 HK), Neutral (maintained), TP: HKD1.90 (from HKD1.75) - Another PPP Project Win; 1H16 Results Preview
2016/08/19 Results Review Haitian Intl (1882 HK), Buy (maintained), TP: HKD17.20 (From HKD15.50) - Steady Growth On Rising GPM
2016/08/19 Results Review Country Garden (2007 HK), SELL (maintained), TP: HKD3.11 (from HKD2.77) - Pressure Remains On Fundamentals
2016/08/19 Results Review COGO (81 HK), SELL, TP: HKD2.18 (both maintained) - Weak Fundamentals But Better-Than-Expected Results
2016/08/19 Results Review Kingdee (268 HK), Buy (Maintained), TP: HKD3.78 (from HKD3.29)-Back to Growth
2016/08/19 Results Review Lenovo Group (992 HK), Buy, TP: HKD 7.73 (both maintained)-Positive Signs Emerging Recovery On Track
2016/08/18 Regional Daily Regional Morning Matters 08.18.2016
2016/08/18 Results Review Longfor (960 HK), Buy, TP: HKD 13.87 (both maintained)-Still An Attractive Mid-cap Developer
2016/08/18 Results Review Tencent (700 HK), Buy (Maintained) , TP: HKD237 (From HKD196) - Mobile Monetisation Continues
2016/08/18 Results Review CIFI (884 HK), BUY (maintained), TP: HKD2.50 (from HKD2.20) - TP Rises On Higher GPM Prospects
2016/08/17 Regional Daily Regional Morning Matters 08.17.2016
2016/08/17 Results Review Sunny Optical (2382 HK), SELL (From NEUTRAL), TP: HKD27.20 (from HKD18.40) - Priced To Perfection
2016/08/17 Sector Update Strategy - Hong Kong: Shenzhen-HK Stock Connect Approved
2016/08/16 Regional Daily Regional Morning Matters 08.16.2016
2016/08/16 Sector Update China Property Sector - Prospects Still Strong Despite July's Welcome Retreat
2016/08/16 Results Review China Everbright International (257 HK), Neutral (maintained), TP: HKD8.60 (from HKD8.30) - Lower Interest Expense To The Rescue; Risks Remain
2016/08/16 Company Update I.T (999 HK), BUY (maintained), TP: HKD3.10 (from HKD2.40)) - A Faster-Than-Expected Recovery
2016/08/16 Company Update China State Construction (3311 HK), Buy (maintained), TP: HKD12.6 (from HKD14.30), Down But Not Out
2016/08/16 Results Review Tongda (698 HK),Buy (maintained), TP: HKD2.50(from HKD2.20) - The Best Is Yet To Come
2016/08/15 Regional Daily Regional Morning Matters 08.15.2016
2016/08/15 Results Review TCL Multimedia Technology (1070 HK), SELL (maintained), TP: HKD3.56 (from HKD3.75)-Weaker Outlook After Poor 2Q
2016/08/12 Regional Daily Regional Morning Matters 08.12.2016
2016/08/12 Results Review China Mobile (941 HK), Buy (maintained), TP: HKD 112.00 (from HKD 110.00)- Impressive ARPU Uptake, Payout Hike More Likely
2016/08/12 Results Review Li Ning (2331 HK), NEUTRAL (maintained, TP: HKD4.30 (from HKD3.80)) - Rebounding Into Profitability As Expected
2016/08/11 Sector Update China Railway & Construction Sector - Over-Optimism On Railway FAI
2016/08/11 Regional Daily Regional Morning Matters 08.11.2016
2016/08/10 Regional Daily Regional Morning Matters 08.10.2016
2016/08/10 Company Update Tongda (698 HK), (Buy, TP: HKD2.20) Both Maintained - Solid 1H Expected; 2H Likely Even Stronger
2016/08/10 Results Review Trinity (891 HK), SELL, TP: HKD0.50 (both maintained)) - New CEO Offers Fresh Hope But Bleeding Worsens
2016/08/09 Regional Daily Regional Morning Matters 08.09.2016
2016/08/09 Results Review Sinosoft (1297 HK), Buy (Maintained), TP HKD538 (from HKD5.65)-Still Solid Prospects Despite 1H Slight Miss
2016/08/09 Results Review China Lilang (1234 HK), Neutral (Maintained), TP: HKD4.7 (from HKD5.3) - Mounting Headwinds Tempered By High Yield
2016/08/08 Regional Daily Regional Morning Matters 08.08.2016
2016/08/05 Regional Daily Regional Morning Matters 08.05.2016
2016/08/04 Regional Daily Regional Morning Matters 08.04.2016
2016/08/04 Company Update Chinasoft (354 HK), Buy (Maintained), TP HKD3.83 (from HKD3.69)-Backdoor China Listing a Positive
2016/08/03 Regional Daily Regional Morning Matters 08.03.2016
2016/08/03 Company Update Sunac China (1918 HK), BUY (maintained), TP: HKD6.94 (from HKD8.06) - Profit Warning a Buying Opportunity
2016/08/03 Company Update Kingdee (268 HK), Buy (from Neutral), TP: HKD3.29 (from HKD2.88)-Focus On Cloud ERP
2016/08/02 Regional Daily Regional Morning Matters 08.02.2016
2016/08/01 Company Update Beijing Enterprises Water (371 HK), BUY, TP: HKD 6.10 (both maintained)-Asset Injection Termination Removes Overhang
2016/08/01 Regional Daily Regional Morning Matters 08.01.2016
2016/07/29 Regional Daily Regional Morning Matters 07.29.2016
2016/07/29 Corporate News Flash Anta Sports (2020 HK), Buy, TP: HKD 19.00 (both maintained)-Prospects Still Rosy Despite An Earlier Lunar New Year
2016/07/28 Regional Daily Regional Morning Matters 07.28.2016
2016/07/28 Company Update Kangda International (6136 HK), NEUTRAL (Maintained)- TP: HKD1.75 (from HKD1.80)-Financing Bottleneck And Low Visibility Remain
2016/07/27 Regional Daily Regional Morning Matters 07.27.2016
2016/07/26 Regional Daily Regional Morning Matters 07.26.2016
2016/07/26 Company Update Dynagreen (1330 HK), Buy (maintained), TP: HKD4.50 (from HKD4.20)-Positive Profit Alert Ahead Of Expectation
2016/07/25 Regional Daily Regional Morning Matters 07.25.2016
2016/07/25 Company Update Lenovo Group (992 HK), Buy, TP: HKD 7.73 (both maintained)-Positive Signs Emerging
2016/07/22 Regional Daily Regional Morning Matters 07.22.2016
2016/07/21 Regional Daily Regional Morning Matters 07.21.2016
2016/07/21 Corporate News Flash China Mobile (941 HK), Buy, TP: HKD 110.00 (both maintained)-Likely To Surpass 4G Target
2016/07/20 Regional Daily Regional Morning Matters 07.20.2016
2016/07/19 Regional Daily Regional Morning Matters 07.19.2016
2016/07/19 Company Update China Everbright International (257 HK), NEUTRAL, TP: HKD 8.30 (both maintained)-Optimistic On WTE But Cautious On Biomass
2016/07/18 Regional Daily Regional Morning Matters 07.18.2016
2016/07/18 Sector Update China Property Sector - Outlook Even More Robust As Sales Surprise Again
2016/07/15 Regional Daily Regional Morning Matters 07.15.2016
2016/07/14 Regional Daily Regional Morning Matters 07.14.2016
2016/07/14 Corporate News Flash Sinosoft (1297 HK), Buy, TP: HKD 5.65 (both maintained)-Well On Track
2016/07/14 Corporate News Flash China South City (1668 HK), Neutral, TP: HKD 1.50 (both maintained)-Gradual Recovery In Contracted Sales
2016/07/13 Regional Daily Regional Morning Matters 07.13.2016
2016/07/13 Corporate News Flash China Mobile (941 HK), Buy, TP: HKD 110.00 (both maintained)-More Favourable Tower Lease Terms
2016/07/12 Regional Daily Regional Morning Matters 07.12.2016
2016/07/12 Initiation Sportswear, Overweight (Initial Rating) - A Sports Revolution
2016/07/12 Sector Initiation Sportswear Sector- A Sports Revolution
2016/07/11 Regional Daily Regional Morning Matters 07.11.2016
2016/07/08 Company Update CT Environmental (1363 HK), Buy, TP: HKD3.00 (both maintained) - Site Visit Takeaways: Ramping Up HWT Capacities
2016/07/08 Regional Daily Regional Morning Matters 07.08.2016
2016/07/07 Regional Daily Regional Morning Matters 07.07.2016
2016/07/07 Company Update China Mobile (941 HK, BUY, TP: HKD110.00) - Prospects Remain Solid
2016/07/05 Regional Daily Regional Morning Matters 07.05.2016
2016/07/05 Corporate News Flash CRRC (1766 HK), Neutral, TP: HKD 7.00 (both maintained) Core Business Still Slow; Potential In New Businesses
2016/07/04 Regional Daily Regional Morning Matters 07.04.2016
2016/07/04 Results Review Huishan Dairy (6863 HK), SELL (maintained), TP HKD1:80 (from HKD1.32) - Core Dairy Business Growing Resiliently
2016/07/01 Regional Daily Regional Morning Matters 07.01.2016
2016/06/30 Regional Daily Regional Morning Matters 06.30.2016
2016/06/30 Company Update Chinasoft (354 HK, Buy , TP HKD3.69) – Strong Growth On Track
2016/06/30 Corporate News Flash COLI (688 HK), BUY, TP: HKD33.80 (both maintained) - The Sizeable Acquisition Is Favorable
2016/06/29 Regional Daily Regional Morning Matters 06.29.2016
2016/06/29 Results Review China South City (1668 HK), NEUTRAL (maintained), TP: HKD1.50 (from HKD1.77) - Outlook Still Clouded But Appears Priced In
2016/06/28 Regional Daily Regional Morning Matters 06.28.2016
2016/06/28 Corporate News Flash CSCI (3311 HK), Buy, TP: HKD 14.30 (both maintained)-Building On a Bright Outlook
2016/06/27 Regional Daily Regional Morning Matters 06.27.2016
2016/06/24 Regional Daily Regional Morning Matters 06.24.2016
2016/06/24 Results Review Textiles (1382 HK), NEUTRAL (Maintained), TP: HKD10.00 (From HKD11.50) - Generous Yield Tempers Slow Growth
2016/06/23 Regional Daily Regional Morning Matters 06.23.2016
2016/06/23 Company Update CRRC (1766 HK), Neutral (downgraded), TP: HKD 7.00 (from HKD 14.55) - A Tepid Outlook
2016/06/22 Regional Daily Regional Morning Matters 06.22.2016
2016/06/22 Corporate News Flash Tencent (700 HK, Buy, TP HKD196) – Buying Supercell To Enhance Mobile Game Business
2016/06/21 Regional Daily Regional Morning Matters 06.21.2016
2016/06/21 Corporate News Flash Agile Property (3383 HK), NEUTRAL, TP: HKD4.24 (both maintained) - Sustainability Of Recovery Still In Question
2016/06/20 Regional Daily Regional Morning Matters 06.20.2016
2016/06/20 Results Review Texwinca (321 HK), NEUTRAL (Downgrade), TP: HKD6.20 (From HKD9.00) - Still a Yield Play Despite Much Weaker Outlook
2016/06/17 Regional Daily Regional Morning Matters 06.17.2016
2016/06/17 Sector Update China Property Sector - Sales Set To Ease After Surprisingly Strong May
2016/06/16 Regional Daily Regional Morning Matters 06.16.2016
2016/06/16 Results Review Skyworth Digital (751 HK), BUY (Maintained), TP: HKD9.10 (from HKD8.30) - Still Too Undervalued Given The Rosy Outlook
2016/06/15 Regional Daily Regional Morning Matters 06.15.2016
2016/06/14 Regional Daily Regional Morning Matters 06.14.2016
2016/06/14 Company Update Beijing Enterprises Water (371 HK), Buy (from Neutral), TP: HKD 6.10 (from HKD 4.80) - Unfairly-Punished Market Leader
2016/06/13 Regional Daily Regional Morning Matters 06.13.2016
2016/06/13 Company Update Haitian Intl (1882 HK), BUY, TP: HKD15.50 (Both maintained) - Order Flow Ramping Up
2016/06/10 Regional Daily Regional Morning Matters 06.10.2016
2016/06/09 Regional Daily Regional Morning Matters 06.09.2016
2016/06/08 Regional Daily Regional Morning Matters 06.08.2016
2016/06/07 Regional Daily Regional Morning Matters 06.07.2016
2016/06/07 Company Update Digital China (861 HK, Buy, TP HKD8.89) – Fighting Back For Control
2016/06/06 Regional Daily Regional Morning Matters 06.06.2016
2016/06/06 Initiating Coverage China Mobile (941 HK, BUY, TP: HKD110.00) - Reaping The Fruits Of Rising Data Demand
2016/06/03 Regional Daily Regional Morning Matters 06.03.2016
2016/06/03 Corporate News Flash Lilang 1234 HK, Neutral, TP HKD5.30 - Better Performance Expected For Next Trade Fair
2016/06/02 Regional Daily Regional Morning Matters 06.02.2016
2016/06/02 Corporate News Flash Tongda (698 HK, BUY, TP: HKD2.20) - Starting To Provide RF + Metal Casings
2016/06/01 Regional Daily Regional Morning Matters 06.01.2016
2016/06/01 Company Update Dynagreen (1330 HK), Buy (maintained), TP: HKD 4.20 (from HKD 4.30) - Construction Finally Starts Accelerating
2016/05/31 Regional Daily Regional Morning Matters 05.31.2016
2016/05/31 Company Update Country Garden (2007 HK), SELL, TP: HKD2.77 (both maintained) - Key Takeaways From The Iskandar Project
2016/05/30 Regional Daily Regional Morning Matters 05.30.2016
2016/05/30 Company Update Digital China (861 HK, Buy, TP HKD10.41) – A Possible Race For Control
2016/05/30 Results Review Lenovo (992 HK, Buy, TP HKD8.76) – All The Negatives Have Been Priced In
2016/05/27 Regional Daily Regional Morning Matters 05.27.2016
2016/05/26 Regional Daily Regional Morning Matters 05.26.2016
2016/05/26 Company Update Agile Property (3383 HK), NEUTRAL, TP: HKD4.24 (both maintained) - Site Visit: Recovery In Low-Tier Cities Unsustainable
2016/05/26 Results Review IT (999 HK), BUY (from Neutral), TP HKD2.4 (from HKD1.9) - Weathering the Storm Well
2016/05/25 Regional Daily Regional Morning Matters 05.25.2016
2016/05/25 Company Update TCL Multimedia Technology (1070 HK), SELL (maintained), TP: HKD3.75 (from HKD2.20) - Running Well Ahead Of Fundamentals
2016/05/24 Regional Daily Regional Morning Matters 05.24.2016
2016/05/24 Company Update China Travel International (308 HK), NEUTRAL (Maintain), TP: HKD2.4 (From HKD2.80) - Hong Kong Businesses Still a Drag
2016/05/23 Regional Daily Regional Morning Matters 05.23.2016
2016/05/20 Regional Daily Regional Morning Matters 05.20.2016
2016/05/20 Results Review Kingsoft (3888 HK, Buy, TP HKD21.16) – Resetting Expectations
2016/05/19 Regional Daily Regional Morning Matters 05.19.2016
2016/05/19 Results Review Tencent (700 HK, Buy, TP HKD196) – Strong Growth Momentum Continues
2016/05/19 Results Review Truly International (732 HK), Sell (maintained), TP: HKD1.83 (from HKD1.62) - Headwinds To Persist Despite a Strong 1Q16
2016/05/18 Regional Daily Regional Morning Matters 05.18.2016
2016/05/18 Company Update CT Environmental (1363 HK), Buy, TP: HKD 3.00 (both maintained) - Wasting No Opportunity As China Tackles Pollution
2016/05/17 Regional Daily Regional Morning Matters 05.17.2016
2016/05/16 Regional Daily Regional Morning Matters 05.16.2016
2016/05/16 Company Update China State Construction (3311 HK), Buy (maintained), TP: HKD 14.30 (from HKD 18.90)- Solid Outlook And Attractive Valuation
2016/05/13 Regional Daily Regional Morning Matters 05.13.2016
2016/05/13 Sector Update China Property Sector - Contracted Sales Set To Normalise After Robust April
2016/05/13 Results Review AAC Technologies (2018 HK), Neutral (maintained), TP: HKD59.50 (from HKD57.00) - Likely To Ramp Up After a Slow 1Q
2016/05/12 Regional Daily Regional Morning Matters 05.12.2016
2016/05/11 Regional Daily Regional Morning Matters 05.11.2016
2016/05/11 Company Update Shenzhou International (2313 HK), BUY (Maintain), TP: HKD47 (From HKD48) - Sportswear Orderbook remains robust
2016/05/10 Regional Daily Regional Morning Matters 05.10.2016
2016/05/10 Company Update Biostime (1112 HK), Neutral (maintained), TP: HKD25.0 (from HKD31.0) - Disappointing Start To The Year
2016/05/09 Regional Daily Regional Morning Matters 05.09.2016
2016/05/09 Company Update China Gas (384 HK) - BUY (maintained), TP HKD14.60 (from HKD15.80) – Gas Sales Recovering
2016/05/06 Regional Daily Regional Morning Matters 05.06.2016
2016/05/06 Company Update HK Exchanges (388 HK, BUY, TP HKD211) - Expect Dull 1Q16 Results, But Catalyst Imminent
2016/05/05 Regional Daily Regional Morning Matters 05.05.2016
2016/05/05 Company Update Country Garden (2007 HK), SELL, TP: HKD2.77 (both maintained) - Key Takeaways From The Dongguan Visit
2016/05/04 Regional Daily Regional Morning Matters 05.04.2016
2016/05/03 Regional Daily Regional Morning Matters 05.03.2016
2016/05/03 Company Update Lenovo (992 HK, Buy, TP HKD9.88) – Attractive Valuation Despite Short-Term Challenges
2016/04/29 Regional Daily Regional Morning Matters 04.29.2016
2016/04/29 Company Update Mengniu (2319 HK), BUY (maintained) TP: HKD15.2 (from HKD14.0)
2016/04/28 Regional Daily Regional Morning Matters 04.28.2016
2016/04/28 Corporate News Flash Sinosoft (1297 HK, Buy, TP HKD5.65) – Cooperation With AliCloud On Carbon Management
2016/04/27 Regional Daily Regional Morning Matters 04.27.2016
2016/04/26 Regional Daily Regional Morning Matters 04.26.2016
2016/04/25 Regional Daily Regional Morning Matters 04.25.2016
2016/04/25 Corporate News Flash NetDragon (777 HK, Buy, TP HKD26.61) – Key Takeaways From NDR
2016/04/25 Corporate News Flash Anton Oilfield (3337 HK) SELL, TP HKD0.50 (both maintained) – Remain Cautious Over Near-term Outlook
2016/04/22 Regional Daily Regional Morning Matters 04.22.2016
2016/04/21 Regional Daily Regional Morning Matters 04.21.2016
2016/04/21 Sector News Flash HK/China Gas Utilities - Overweight (maintained) - Overreaction To Zhejiang Policy Change
2016/04/20 Regional Daily Regional Morning Matters 04.20.2016
2016/04/20 Company Update Texhong Textile (2678 HK), BUY (Maintain), TP: HKD9.0 (Maintain) - Vietnam Capacity Expansion On Track
2016/04/19 Regional Daily Regional Morning Matters 04.19.2016
2016/04/19 Sector Update China Property Sector - Slower But Still Solid Contracted Sales Seen Ahead
2016/04/18 Regional Daily Regional Morning Matters 04.18.2016
2016/04/18 Company Update Pacific Online (543 HK, Downgrade to Neutral, TP HKD2.28) – Awaiting New Drivers Of Growth
2016/04/15 Regional Daily Regional Morning Matters 04.15.2016
2016/04/15 Corporate News Flash Xtep (1368 HK), Not Rated - Trade Fair And Store Sales Look Healthy
2016/04/14 Regional Daily Regional Morning Matters 04.14.2016
2016/04/14 Corporate News Flash Skyworth Digital (751 HK), Buy, TP: HKD8.30 - CEO Bullish On Outlook
2016/04/13 Regional Daily Regional Morning Matters 04.13.2016
2016/04/13 Corporate News Flash Biostime (1112 HK), Neutral, TP HKD31.0 - Minimal Impact From Latest CBEC Policy
2016/04/12 Regional Daily Regional Morning Matters 04.12.2016
2016/04/12 Company Update Texwinca Holdings (321 HK), BUY (Maintain), TP: HKD9.0 (Maintain) - Solid Growth With Very Attractive Yield
2016/04/11 Regional Daily Regional Morning Matters 04.11.2016
2016/04/08 Regional Daily Regional Morning Matters 04.08.2016
2016/04/08 Sector News Flash HK Handset Components - Huawei Launches Flagship P9 Model
2016/04/06 Regional Daily Regional Morning Matters 04.06.2016
2016/04/06 Results Review NetDragon (777 HK, Upgrade to BUY, TP HKD26.61) – Positive Outlook For Online Education Business
2016/04/06 Results Review Greentown (3900 HK), NEUTRAL (maintained), TP: HKD5.96 (from HKD6.10) - Transition Still In Progress
2016/04/05 Regional Daily Regional Morning Matters 04.05.2016
2016/04/05 Results Review Sound Global (967 HK), Neutral (from Sell), TP: HKD3.50 (from HKD4.90) - Negatives Priced In
2016/04/05 Results Review Evergrande (3333 HK), SELL, TP: HKD3.05 (both maintained) - Worrisome Deterioration In Finances
2016/04/05 Results Review Kangda (6136 HK), Neutral, TP: HKD1.80 (from HKD1.90) - Earnings Visibility Remains Low
2016/04/04 Regional Daily Regional Morning Matters 04.04.2016
2016/04/01 Regional Daily Regional Morning Matters 04.01.2016
2016/04/01 Results Review Longfor Properties (960 HK), BUY (from Neutral), TP: HKD13.87 (from HKD10.50) - Upgrade To BUY On Sound Prospects
2016/04/01 Results Review China Travel (308 HK), NEUTRAL (Maintain), TP: HKD2.8 (from HKD3.4) - Headwinds to persist
2016/04/01 Results Review Beijing Enterprises Water (371 HK), Neutral, TP: HKD4.80 (from HKD4.30) - Growth Set To Slow Sharply
2016/04/01 Results Review Boer Power Holdings (1685 HK), Neutral (maintained), TP: HKD5.6 (from HKD15.12) - Concerns Over Outlook And Corporate Governance
2016/04/01 Results Review Biostime (1112 HK), Neutral (maintained), TP: HKD31.0 (from HKD13.0) - Surfing On China’s Health Awareness Momentum
2016/03/31 Regional Daily Regional Morning Matters 03.31.2016
2016/03/31 Results Review China Resources Gas (1193 HK) BUY, TP HKD25.60 (both maintained) – Steady Growth Momentum To Be Maintained
2016/03/31 Results Review Shimao Property (813 HK), BUY (maintained), TP: HKD15.74 (from HKD17.50) - Focusing On Quality
2016/03/30 Regional Daily Regional Morning Matters 03.30.2016
2016/03/30 Results Review Sunac China (1918 HK), BUY (maintained), TP: HKD8.06 (from HKD8.80) - Set To Recover This Year
2016/03/30 Results Review Anton Oilfield (3337 HK) SELL, TP HKD0.50 (both maintained) – Remain Cautious Albeit Improvements
2016/03/30 Results Review Greatview Asceptic Packaging (468 HK), Neutral (maintained), TP: HKD3.50 (from HKD3.80) - Boosted Mainly By Cheaper Raw Materials
2016/03/29 Regional Daily Regional Morning Matters 03.25.2016
2016/03/29 Regional Daily Regional Morning Matters 03.29.2016
2016/03/29 Results Review Petro-King Oilfield Services (2178 HK) SELL (from NEUTRAL), TP HKD0.40 (from HKD0.80) – No Sign Of Recovery
2016/03/29 Results Review CPMC (906 HK), Neutral (maintained) TP: HKD3.80 (from HKD4.4) - Overcapacity in Packaging Over the Horizon
2016/03/29 Sector News Flash China Property Sector - Two Cities Tighten Home Purchase Rules Further
2016/03/29 Results Review VST (856 HK, Buy, TP HKD2.53) – Earnings Miss Due To a Forex Loss
2016/03/28 Regional Daily Regional Morning Matters 03.28.2016
2016/03/24 Regional Daily Regional Morning Matters 03.24.2016
2016/03/24 Results Review Agile Property (3383 HK), NEUTRAL (maintained), TP: HKD4.24 (from HKD4.35) - Lacking Catalysts For Upgrade
2016/03/24 Results Review Mengniu (2319 HK), BUY (maintained), TP: HKD14.0 (from HKD15.0) - Recovery Seen Starting This Year
2016/03/24 Results Review Chinasoft (354 HK, Buy, TP HKD3.69) – Solid Growth Supported By Large Strategic Customers
2016/03/23 Regional Daily Regional Morning Matters 03.23.2016
2016/03/23 Results Review Kingsoft (3888 HK, Buy, TP HKD23.60) – Strong Growth Coupled With Margin Recovery
2016/03/23 Results Review SPT Energy (1251 HK) SELL, TP HKD0.50 (both maintained) – Bleeding Set To Continue
2016/03/23 Results Review Shenzhou International (2313 HK), BUY (Maintain), TP: HKD48 (from HKD45) - Solid Growth On Margin Expansion
2016/03/22 Regional Daily Regional Morning Matters 03.22.2016
2016/03/22 Results Review Sinosoft (1297 HK, Buy, TP HKD5.65) – Multiple Growth Drivers Intact
2016/03/22 Results Review Trinity (891 HK), SELL, TP: HKD0.50 (both maintained)) - Still in The Thick of Restructuring
2016/03/22 Results Review CR Land (1109 HK), BUY (maintained), TP: HKD27.84 (from HKD28.70) - Riding On The Buoyant Tier 1&2 Cities’ Outlook…
2016/03/22 Results Review Tianneng Power (819HK), Neutral, TP: HKD5.72 (from HKD5.20) - Decent Outlook Priced In
2016/03/22 Results Review Hilong Holding (1623 HK) SELL, TP HKD0.70 (both maintained) – Diminishing Earnings Visibility
2016/03/22 Results Review Sinomax (1418 HK), BUY (Maintain), TP: HKD1.19 (from HKD1.14) - Set For Recovery
2016/03/21 Regional Daily Regional Morning Matters 03.21.2016
2016/03/21 Results Review COLI (688 HK), BUY, TP: HKD33.80 (both maintained) - Solid Fundamentals Intact
2016/03/21 Results Review Kingdee (268 HK, Neutral, TP HKD2.91) – Strong Cloud Revenue But Margins Still a Concern
2016/03/21 Results Review Wasion (3393 HK), Buy (maintained), TP: HKD5.6 (from HKD5.1) - Growth Set To Resume
2016/03/21 Company Update HK Exchanges (388 HK, BUY, TP HKD211) - Catalyst Looming Ahead
2016/03/18 Regional Daily Regional Morning Matters 03.18.2016
2016/03/18 Results Review COGO (81 HK), SELL (from Neutral) TP: HKD2.18 (from HKD2.80) - Downgrade To SELL On Dismal Prospects
2016/03/18 Results Review Tencent (700 HK, Buy, TP HKD186) – Strong Mobile Games And Social Ads
2016/03/18 Results Review Tongda (698 HK), Buy (maintained), TP: HKD2.2 (from HKD1.92) - Re-rating Likely To Continue On Stellar Outlook
2016/03/17 Regional Daily Regional Morning Matters 03.17.2016
2016/03/17 Results Review Techtronic Industries (669 HK), Neutral (maintained), TP: HKD31.7 (from HKD30.0) - Solid Outlook But Largely Priced In
2016/03/16 Regional Daily Regional Morning Matters 03.16.2016
2016/03/16 Results Review Country Garden (2007 HK), SELL (from NEUTRAL) TP: HKD2.77 (from HKD3.10) - Downgrade To SELL On Deteriorating Fundamentals
2016/03/16 Results Review Sunny Optical (2382 HK), Neutral (maintained), TP: HKD18.4 (from HKD15) - Robust outlook still looks priced in
2016/03/15 Regional Daily Regional Morning Matters 03.15.2016
2016/03/14 Regional Daily Regional Morning Matters 03.14.2016
2016/03/14 Company Update Skyworth Digital (751 HK), BUY (maintained), TP: HKD8.3 (from HKD8.6) - New Smart TV Ad Business Gaining Traction
2016/03/11 Results Review Haitian International (1882 HK), BUY (maintained), TP: HKD15.5 (from HKD16.3) - Solid Performance In a Tough Environment
2016/03/11 Regional Daily Regional Morning Matters 03.11.2016
2016/03/10 Results Review CIFI Holdings (884 HK), BUY (maintained) TP: HKD2.20 (from HKD2.10) - Buoyant Growth Outlook, Dividend a Positive Surprise
2016/03/10 Results Review China Lilang (1234 HK), Neutral (from BUY) TP: HKD5.30 (from HKD8.90) - Negative Growth Outlook For 2016
2016/03/10 Regional Daily Regional Morning Matters 03.10.2016
2016/03/09 Results Review Texhong Textile (2678 HK), BUY (Upgrade), TP: HKD9.00 (from HKD8.60) - Capacity expansion and stable margins drive growth
2016/03/09 Results Review Truly International (732 HK), SELL (maintained) TP: HKD1.62 (from HKD1.54) - Outlook Still Challenging
2016/03/09 Regional Daily Regional Morning Matters 03.09.2016
2016/03/08 Regional Daily Regional Morning Matters 03.08.2016
2016/03/08 Company Update Pacific Textiles (1382 HK), NEUTRAL (Maintained), TP: HKD11.50 (from HKD12.20) - Attractive Yield Tempers Dull Outlook
2016/03/07 Regional Daily Regional Morning Matters 03.07.2016
2016/03/07 Sector Update Strategy – Hong Kong: NPC Meeting Implications
2016/03/04 Regional Daily Regional Morning Matters 03.04.2016
2016/03/03 Regional Daily Regional Morning Matters 03.03.2016
2016/03/03 Sector News Flash China Property Sector - Policy Stimulus for Guangzhou?
2016/03/02 Regional Daily Regional Morning Matters 03.02.2016
2016/03/02 Results Review Dynagreen (1330 HK), Buy, TP: HKD4.30 (from HKD5.00) - Construction Likely To Accelerate in FY16
2016/03/01 Regional Daily Regional Morning Matters 03.01.2016
2016/03/01 Company Update Mengniu (2319 HK), BUY (maintained) TP: HKD15.0 (from HKD17.5) - Discounting in Retail Channels May Have Bottomed
2016/03/01 Results Review China Everbright Intl (257 HK), Neutral, TP: HKD8.40 (from HKD11.40) - Facing Headwinds
2016/02/29 Regional Daily Regional Morning Matters 02.29.2016
2016/02/26 Regional Daily Regional Morning Matters 02.26.2016
2016/02/26 Company Update Sinomax (1418 HK), BUY (Maintained), TP: HKD1.14 (from HKD1.30) - Better Prospects Ahead
2016/02/25 Regional Daily Regional Morning Matters 02.25.2016
2016/02/25 Results Review Bossini (592 HK), Neutral (maintained) TP: HKD0.40 (maintained) - Still Paying a Dividend
2016/02/24 Regional Daily Regional Morning Matters 02.24.2016
2016/02/24 Company Update China Resources Gas (1193 HK), BUY (Maintained), TP: HKD25.60 (from HKD28.70) - Price Cut Should Still Lift Demand
2016/02/23 Regional Daily Regional Morning Matters 02.23.2016
2016/02/23 Results Review KWG Property (1813 HK), BUY (maintained) TP: HKD7.00 (from HKD7.60) - Solid Fundamentals Intact; Dividend Cut a Surprise
2016/02/22 Regional Daily Regional Morning Matters 02.22.2016
2016/02/19 Regional Daily Regional Morning Matters 02.19.2016
2016/02/19 Sector Update China Property Sector - Contracted Sales Likely To Improve Post CNY
2016/02/18 Regional Daily Regional Morning Matters 02.18.2016
2016/02/18 Company Update Beijing Enterprises Water (371 HK), Neutral, TP: HKD4.30 (from HKD5.80) - Concerns Appear Priced In
2016/02/17 Regional Daily Regional Morning Matters 02.17.2016
2016/02/17 Corporate News Flash Tencent (700 HK, BUY, TP HKD176) - Mobile Payment Gains Attraction
2016/02/16 Regional Daily Regional Morning Matters 02.16.2015
2016/02/16 Company Update Sunny Optical (2383 HK) Neutral (Maintained), TP: HKD15.0 (From HKD 13.1) - Limited Boost From Dual Cameras
2016/02/15 Regional Daily Regional Morning Matters 02.15.2016
2016/02/15 Company Update Chinasoft (354 HK, BUY, TP HKD3.40) - Prospects Still Solid
2016/02/11 Regional Daily Regional Morning Matters 02.10.2016
2016/02/11 Regional Daily Regional Morning Matters 02.11.2016
2016/02/05 Regional Daily Regional Morning Matters 02.05.2016
2016/02/05 Company Update Wasion (3393 HK) Buy (Maintained), TP: HKD5.1 (From HKD 10.8) - Sell-off Overdone Amid Still Positive Prospects
2016/02/04 Regional Daily Regional Morning Matters 02.04.2016
2016/02/04 Results Review Lenovo (992 HK, BUY, TP HKD10.75) - Beating Estimates On Mobile Business Turnaround
2016/02/03 Sector News Flash China Property Sector - Further Policy Support For Non-Tier-1 Cities
2016/02/02 Regional Daily Regional Morning Matters 02.02.2016
2016/02/02 Sector Update China Property Sector - Concerns Over The CNY's Depreciation Overdone
2016/02/02 Company Update Hilong Holding (1623 HK), SELL (from NEUTRAL), TP: HKD0.70 (from HKD1.40) - Outlook Worsens
2016/02/01 Regional Daily Regional Morning Matters 02.01.2016
2016/02/01 Company Update SPT Energy (1251 HK), SELL (from NEUTRAL), TP: HKD0.50 (from HKD0.80) - Tough Road Ahead
2016/01/29 Regional Daily Regional Morning Matters 01.29.2016
2016/01/28 Regional Daily Regional Morning Matters 01.28.2016
2016/01/28 Initiating Coverage Huishan Dairy (6863 HK, SELL, TP HKD1.32) - Unjustifiably Expensive
2016/01/27 Regional Daily Regional Morning Matters 01.27.2016
2016/01/26 Regional Daily Regional Morning Matters 01.26.2016
2016/01/26 Company Update Lenovo (992 HK, BUY, TP HKD10.90) - On The Mend
2016/01/25 Regional Daily Regional Morning Matters 01.25.2016
2016/01/25 Company Update Sound Global (967 HK), Sell (from Buy), TP: HKD4.90 (from HKD12.00) - Trading Resumes After Long Suspension
2016/01/20 Regional Daily Regional Morning Matters 01.20.2016
2016/01/20 Company Update Tongda (698 HK), Buy (Mainted), TP: HKD1.92 (From HKD 1.90) - Rerating Set To Continue
2016/01/19 Regional Daily Regional Morning Matters 01.19.2016
2016/01/19 Sector News Flash China Property Sector - Awaiting The Next Catalyst
2016/01/18 Regional Daily Regional Morning Matters 01.18.2016
2016/01/18 Company Update Anton Oilfield (3337 HK), SELL, TP: HKD0.50 (Both Maintained) - Uncertainty Remains As 4Q15 Ends
2016/01/18 Company Update Bossini (592 HK), Neutral (maintained), TP HKD0.40 (from HKD0.68) - Magnitude of Deteriorating a Surprise
2016/01/15 Regional Daily Regional Morning Matters 01.15.2016
2016/01/14 Regional Daily Regional Morning Matters 01.14.2016
2016/01/14 Company Update Techtronic Industries (669 HK, Neutral, TP: HKD30) - Waiting For a Better Entry Point
2016/01/13 Regional Daily Regional Morning Matters 01.13.2016
2016/01/12 Regional Daily Regional Morning Matters 01.12.2016
2016/01/12 Sector Update China Property Sector - More Policy Support For Non-Tier-1 Cities Expected
2016/01/11 Regional Daily Regional Morning Matters 01.11.2016
2016/01/08 Regional Daily Regional Morning Matters 01.08.2016
2016/01/08 Company Update Kangda (6136 HK), Neutral, TP: HKD1.90 (from HKD2.40) - Significant New Projects Miss In FY15
2016/01/07 Regional Daily Regional Morning Matters 01.07.2016
2016/01/07 Company Update CT Environmental (1363 HK), Buy, TP: HKD3.15 (from HKD3.10) - More Lucrative Projects
2016/01/07 Non-Rated Note Tianyun (6836 HK), Non-Rated - Building Its Own Brand
2016/01/06 Regional Daily Regional Morning Matters 01.06.2016
2016/01/05 Regional Daily Regional Morning Matters 01.05.2016
2016/01/05 Company Update China Mengniu Dairy (2319 HK, BUY, TP: HKD17.5 (from HKD20.15)) - Update on Dumex Acquisition
2016/01/04 Regional Daily Regional Morning Matters 01.04.2016
2015/12/23 Regional Daily Regional Morning Matters 12.23.2015
2015/12/22 Regional Daily Regional Morning Matters 12.22.2015
2015/12/21 Regional Daily Regional Morning Matters 12.21.2015
2015/12/18 Regional Daily Regional Morning Matters 12.18.2015
2015/12/18 Results Review Net Dragon (777 HK, Downgrade to Neutral, TP HKD23.67) - Awaiting More Progress
2015/12/17 Regional Daily Regional Morning Matters 12.17.2015
2015/12/16 Regional Daily Regional Morning Matters 12.16.2015
2015/12/16 Sector News Flash China Property Sector - Strong Contracted Sales Extend To November
2015/12/15 Regional Daily Regional Morning Matters 12.15.2015
2015/12/15 Company Update Anton Oilfield (3337 HK), SELL (Maintained), TP: HKD0.50 (from HKD0.80) - Getting Deeper Into The Rut
2015/12/14 Regional Daily Regional Morning Matters 12.14.2015
2015/12/14 Company Update COSCO International (517 HK, BUY, TP: HKD6.1) - Much More To Come
2015/12/11 Regional Daily Regional Morning Matters 12.11.2015
2015/12/10 Regional Daily Regional Morning Matters 12.10.2015
2015/12/10 Company Update Hilong Holding (1623 HK), NEUTRAL (Maintained), TP: HKD1.40 (from HKD1.50) - No Improvement In Sight
2015/12/09 Regional Daily Regional Morning Matters 12.09.2015
2015/12/09 Company Update Wasion Holdings (3393 HK, Buy, TP: HKD10.8) : Still Solid Growth Despite Lower Numbers
2015/12/08 Regional Daily Regional Morning Matters 12.08.2015
2015/12/07 Regional Daily Regional Morning Matters 12.07.2015
2015/12/07 Initiating Coverage Dynagreen (1330 HK), Initiate with BUY, TP:HKD5.00) - Fast Growth At An Attractive Price
2015/12/04 Regional Daily Regional Morning Matters 12.04.2015
2015/12/04 Company Update Evergrande (3333 HK), SELL (maintained), TP: HKD3.05 (from HKD2.70) - New Acquisitions Add More Stress
2015/12/03 Regional Daily Regional Morning Matters 12.03.2015
2015/12/03 Company Update APT Satellite (1045 HK, Buy, TP: HKD8.7) - NDR Confirms Recovery Is Underway
2015/12/02 Regional Daily Regional Morning Matters 12.02.2015
2015/12/01 Regional Daily Regional Morning Matters 12.01.2015
2015/12/01 Results Review China South City (1668 HK), NEUTRAL (maintained), TP: HKD1.77 (from HKD2.00) - Poor 1H Priced In
2015/11/30 Regional Daily Regional Morning Matters 11.30.2015
2015/11/30 Results Review Pacific Textiles (1382 HK, Neutral, TP: HKD12.2) : Less Exciting Growth
2015/11/27 Regional Daily Regional Morning Matters 11.27.2015
2015/11/27 Company Update Sinosoft (1297 HK, Buy, TP HKD6.40) – Strong Growth On-Track
2015/11/27 Company Update CR Land (1109 HK), BUY, TP: HKD28.70 (both maintained) - Positive Takeaways From NDR
2015/11/27 Results Review Stelux (84 HK, SELL, TP: HKD0.53 (from HKD0.57)) - Headwinds Worse Than Expected
2015/11/26 Regional Daily Regional Morning Matters 11.26.2015
2015/11/26 Results Review China Gas (384 HK), BUY (Maintained), TP HKD15.80 (from HKD16.50) - Solid Results Amid Softened Volume Growth
2015/11/26 Results Review Digital China (861 HK, Buy, TP HKD11.85) – On The Mend
2015/11/25 Regional Daily Regional Morning Matters 11.25.2015
2015/11/25 Company Update China Travel International (308 HK, Downgrade to Neutral, TP: HKD3.4) - Little Steam Left In The Short Term
2015/11/24 Regional Daily Regional Morning Matters 11.24.2015
2015/11/24 Results Review Texwinca (321 HK, Buy, TP: HKD9.0) - Recovery Still On Track
2015/11/23 Regional Daily Regional Morning Matters 11.23.2015
2015/11/23 Corporate News Flash Trinity (891 HK), SELL, TP: HKD0.50 - Key Takeaways From NDR With CEO
2015/11/20 Regional Daily Regional Morning Matters 11.20.2015
2015/11/20 Company Update Biostime (1112 HK), Neutral, TP HKD13.0 (from 13.5) - Transformed into a Vitamins/IMF Play
2015/11/20 Sector News Flash China Property Sector - Focus on the Laggards
2015/11/20 Sector Update Gas Utilities, Overweight (Maintained) - Positive Impact Of Long-Awaited Gas Price Cut
2015/11/19 Regional Daily Regional Morning Matters 11.19.2015
2015/11/18 Regional Daily Regional Morning Matters 11.18.2015
2015/11/18 Results Review Kingsoft (3888 HK, Upgrade to Buy, TP HKD21.82) – Bottoming Out
2015/11/17 Regional Daily Regional Morning Matters 11.17.2015
2015/11/17 Company Update APT Satellite (1045 HK, Buy, TP: HKD8.7) - Improving Utilisation Brightens Outlook
2015/11/16 Regional Daily Regional Morning Matters 11.16.2015
2015/11/13 Regional Daily Regional Morning Matters 11.13.2015
2015/11/13 Results Review Stelux (84 HK, SELL, TP: HKD0.57 (from HKD0.93)) - Macroeconomic Headwinds Worsen
2015/11/12 Regional Daily Regional Morning Matters 11.12.2015
2015/11/12 Company Update Agile Property (3383 HK), NEUTRAL (maintained), TP: HKD4.35 (from HKD3.20) - Still Fairly Priced After Rally
2015/11/12 Results Review HK Exchanges (388 HK, BUY, TP HKD243) - 9M15 SADV Surged 69% YoY
2015/11/11 Results Review Tencent (700 HK, Buy, TP HKD176) – Another Solid Quarter
2015/11/09 Regional Daily Regional Morning Matters 11.09.2015
2015/11/09 Company Update Tianneng Power (819 HK), Downgrade to Neutral, TP:HKD5.20 (from HKD4.20) - Recovery Priced In
2015/11/06 Regional Daily Regional Morning Matters 11.06.2015
2015/11/06 Company Update Xinyi Glass (868 HK, Buy, TP: HKD5.2) - Recovery On More Solid Ground
2015/11/05 Results Review HC International (2280 HK, Sell, TP HKD2.69) – Dismal Results Coupled With Uncertain Outlook
2015/11/04 Regional Daily Regional Morning Matters 11.04.2015
2015/11/04 Sector News Flash Consumer Cyclical Retail-Sales Downtrend Continues In September
2015/11/03 Regional Daily Regional Morning Matters 11.03.2015
2015/11/03 Corporate News Flash Kingdee (268 HK, Neutral, TP HKD2.91) – Meeting Takeaways
2015/11/03 Results Review HK Exchanges (388 HK, BUY, TP HKD243) - Lower SADV Assumptions But Bullish In Long Term
2015/11/02 Regional Daily Regional Morning Matters 11.02.2015
2015/11/02 Sector News Flash Consumer F&B Sector – Financial Impact of Two-Child Policy Is Limited
2015/11/02 Company Update Sinomax (1418 HK, Buy, TP: HKD1.30) - Still Attractive Despite Lower Numbers
2015/10/30 Regional Daily Regional Morning Matters 10.30.2015
2015/10/30 Company Update CT Environmental (1363 HK), Buy, TP:HKD3.10 (from HKD3.20) - Positive Takeaways From NDR
2015/10/29 Regional Daily Regional Morning Matters 10.29.2015
2015/10/29 Results Review I.T (999 HK, NEUTRAL, TP:HKD1.90 (Both Maintained)- 1HFY16 Results Poor But In Line
2015/10/28 Regional Daily Regional Morning Matters 10.28.2015
2015/10/27 Regional Daily Regional Morning Matters 10.27.2015
2015/10/27 Company Update Chinasoft (354 HK, Buy, TP HKD3.99) – Long-Term Support From Huawei
2015/10/27 Corporate News Flash COLI (688 HK), BUY, TP: HKD33.80 (both maintained) - 4Q15 Contracted Sales Likely To Accelerate
2015/10/26 Regional Daily Regional Morning Matters 10.26.2015
2015/10/26 Sector News Flash China Property Sector - Tier-1 Prices Still Shine; Tier-2 May Get a Boost
2015/10/23 Regional Daily Regional Morning Matters 10.23.2015
2015/10/23 Company Update China South City (1668 HK), NEUTRAL (maintained), TP: HKD2.00 (from HKD2.90) - Facing Further Headwinds
2015/10/22 Regional Daily Regional Morning Matters 10.22.2015
2015/10/22 Sector Update China Property Sector - Property Site Tour Takeaways
2015/10/21 Regional Daily Regional Morning Matters 10.21.2015
2015/10/20 Regional Daily Regional Morning Matters 10.20.2015
2015/10/20 Company Update Anton Oilfield (3337 HK), SELL , TP HKD0.80 (Both Maintained) - Outlook Still Clouded
2015/10/19 Regional Daily Regional Morning Matters 10.19.2015
2015/10/19 Results Review I.T (999 HK, NEUTRAL (From Buy), TP:HKD1.90 (from HKD3.78))- Retail Winter Is Coming
2015/10/16 Regional Daily Regional Morning Matters 10.16.2015
2015/10/16 Company Update CT Environmental (1363 HK), Buy, TP:HKD3.20 (from HKD3.10) - Strong New Projects Sourcing Capability
2015/10/15 Regional Daily Regional Morning Matters 10.15.2015
2015/10/15 Company Update Pacific Online (543 HK, Buy, TP HKD2.98) – Investments Should Bear Fruit In FY16
2015/10/14 Regional Daily Regional Morning Matters 10.14.2015
2015/10/13 Regional Daily Regional Morning Matters 10.13.2015
2015/10/13 Sector News Flash China Property Sector - Decent Sales For Golden Week Holiday
2015/10/12 Regional Daily Regional Morning Matters 10.12.2015
2015/10/12 Sector News Flash Textile and Garment Sector (Overweight) - Unjustified Selloff On Fast Retailing's Poor 4QFY15
2015/10/09 Regional Daily Regional Morning Matters 10.09.2015
2015/10/09 Company Update Truly - 732 HK, SELL, TP: HKD1.54 (from Neutral, HKD2.66) - Stronger-Than-Expected Headwinds
2015/10/08 Regional Daily Regional Morning Matters 10.08.2015
2015/10/08 Company Update China Gas Holdings (384 HK), BUY (Maintained), TP HKD15.10 (from 16.20) - Beneficiary Of a Looming Gas Price Cut
2015/10/07 Regional Daily Regional Morning Matters 10.07.2015
2015/10/07 Sector News Flash Textile and Garment Sector (Overweight) - Likely Key Beneficiaries Of TPP Agreement
2015/10/06 Regional Daily Regional Morning Matters 10.06.2015
2015/10/05 Regional Daily Regional Morning Matters 10.05.2015
2015/10/05 Company Update Freetech (6888 HK, Not Rated)- A Unique Environmental Infrastructure Play
2015/10/02 Company Update Evergrande (3333 HK), SELL, TP: HKD2.70 (both maintained) - Some Positive Takeaways
2015/10/02 Regional Daily Regional Morning Matters 10.02.2015
2015/10/01 Regional Daily Regional Morning Matters 10.01.2015
2015/09/30 Regional Daily Regional Morning Matters 09.30.2015
2015/09/30 Corporate News Flash Wasion (3393 HK, BUY, TP: HKD12.0 (maintained)) - Tender Wins Are Slightly Below Expectations
2015/09/29 Regional Daily Regional Morning Matters 09.29.2015
2015/09/28 Regional Daily Regional Morning Matters 09.28.2015
2015/09/25 Regional Daily Regional Morning Matters 09.25.2015
2015/09/23 Regional Daily Regional Morning Matters 09.23.2015
2015/09/23 Corporate News Flash Trinity (891 HK), SELL, TP: HKD0.50 - Beckham Helps Rebranding But At A Price
2015/09/22 Regional Daily Regional Morning Matters 09.22.2015
2015/09/21 Regional Daily Regional Morning Matters 09.21.2015
2015/09/21 Sector News Flash China Property Sector - Solid August Numbers Ahead Of Peak Season
2015/09/18 Regional Daily Regional Morning Matters 09.18.2015
2015/09/18 Corporate News Flash Biostime (1112 HK), Neutral, TP HKD13.50 - Swisse Wellness Acquisition May Be Buyer’s Remorse
2015/09/18 Results Review Bossini (592 HK, Neutral (from BUY), TP: HKD0.68 (from HKD0.98)) - Poor Outlook Tempered By High Yield
2015/09/17 Regional Daily Regional Morning Matters 09.17.2015
2015/09/16 Regional Daily Regional Morning Matters 09.16.2015
2015/09/15 Regional Daily Regional Morning Matters 09.15.2015
2015/09/15 Company Update Texwinca (321 HK, Buy, TP: HKD9.2)- Growth Still Solid Despite Retail Headwinds
2015/09/14 Regional Daily Regional Morning Matters 09.14.2015
2015/09/11 Regional Daily Regional Morning Matters 09.11.2015
2015/09/11 Corporate News Flash China Resources Gas (1193 HK), BUY, TP HKD25.10 (both maintained) - Looming Lower Gas Prices And a Likely Catalyst
2015/09/11 Corporate News Flash Biostime (1112 HK), Neutral, TP HKD13.50 - Key Takeaways From Biostime
2015/09/10 Regional Daily Regional Morning Matters 09.10.2015
2015/09/10 Corporate News Flash Sunac China (1918 HK) BUY, TP HKD8.80 (maintained) - Further Expansion Through Potential Acquisitions
2015/09/09 Regional Daily Regional Morning Matters 09.09.2015
2015/09/08 Regional Daily Regional Morning Matters 09.08.2015
2015/09/07 Regional Daily Regional Morning Matters 09.07.2015
2015/09/07 Company Update Lilang (1234 HK), BUY (from Neutral), TP: HKD8.90 (Maintained) - Robust Sales & Attractive Valuations
2015/09/04 Regional Daily Regional Morning Matters 09.04.2015
2015/09/02 Regional Daily Regional Morning Matters 09.02.2015
2015/09/02 Results Review Greatview Aseptic (468 HK), Neutral, TP: HKD3.80 (from 3.89) - Europe Ramp-Up Mitigates China’s Dairy Slowdown
2015/09/02 Results Review CRG (390 HK, BUY , TP: HKD10.89) - Expect Stronger 2H15
2015/09/01 Regional Daily Regional Morning Matters 09.01.2015
2015/09/01 Results Review CRCC (1186 HK, BUY, TP HKD14.38) - 1H15 Misses Slightly As Orders Delayed
2015/09/01 Results Review Evergrande (3333 HK), SELL (maintained), TP: HKD2.70 (from HKD2.50) - Still Overvalued While Risks Remain
2015/09/01 Results Review Tianneng Power (819 HK), Upgrade to Buy, TP:HKD4.20 (from HKD4.50) - Earnings Outlook Improves Significantly
2015/09/01 Results Review Greentown (3900 HK), NEUTRAL (maintained), TP: HKD6.10 (from HKD6.90) - Lacking Growth Potential
2015/09/01 Sector News Flash China Property Sector - Two Mild Policy Supports In A Week
2015/08/31 Regional Daily Regional Morning Matters 08.31.2015
2015/08/31 Results Review Pacific Online (543 HK, Buy (from Neutral), TP HKD3.30) – Value Emerges
2015/08/31 Results Review Mengniu (2319 HK), BUY (Maintained), TP: HKD40.3 (from HKD52.3) - 1H15 Numbers Dragged By Plain Milk Oversupply
2015/08/31 Results Review CPMC (906 HK), Neutral (from BUY), TP: HKD4.4 (from HKD6.37) - Dragged By Deflating Raw Materials Prices
2015/08/31 Results Review Petro-King Oilfield Services (2178 HK), NEUTRAL (Maintained), TP HKD0.80 (from 1.40) - Full Recovery Still Distant
2015/08/31 Results Review CRRC (1766 HK, BUY (from NEUTRAL), TP HKD14.55) - 1H15 Numbers In Line
2015/08/31 Results Review Trinity (891 HK), SELL, TP: HKD0.50 (both Maintained) - Greater Losses and Zero Visibility
2015/08/28 Regional Daily Regional Morning Matters 08.28.2015
2015/08/28 Results Review Agile Property (3383 HK), NEUTRAL (maintained), TP: HKD3.20 (from HKD4.90) - Dismal Results On High Lower-Tier Cities Exposure
2015/08/28 Results Review KWG Property (1813 HK), BUY, TP: HKD7.60 (both maintained) - Harvesting Period On Tier-1 & 2 City Projects
2015/08/28 Results Review Kangda (6136 HK), Neutral, TP:HKD2.40 (from HKD4.00) - New Projects Secured Behind Schedule
2015/08/28 Results Review Netdragon (777 HK, Buy, TP HKD23.01) – Online Education Shows Encouraging Progress
2015/08/28 Results Review SPT Energy (1251 HK), NEUTRAL (Maintained), TP HKD0.80 (from 0.90) - Challenges Remain But Priced In
2015/08/28 Results Review Anton Oilfield (3337 HK), SELL (Maintained), TP HKD0.80 (from 1.28) - Downside Extends Further
2015/08/27 Regional Daily Regional Morning Matters 08.27.2015
2015/08/27 Results Review Haitian Intl (1882 HK, BUY, TP: HKD16.3 (from HKD19.0)) - Still a Long-Term Winner
2015/08/27 Results Review APT Satellite (1045 HK, Buy, TP: HKD8.7) - The Worst Likely Over
2015/08/27 Results Review Goldpac (3315 HK, Buy, TP: HKD7.3) - Growth Set To Pick Up Again
2015/08/27 Results Review Shimao Property (813 HK), BUY (maintained), TP: HKD17.50 (from HKD19.80) - Much More To Come
2015/08/27 Results Review Digital China (2280 HK, Neutral, TP HKD10.41) – Seeking Exclusivity In IT And The Internet
2015/08/26 Regional Daily Regional Morning Matters 08.26.2015
2015/08/26 Results Review Sunac China (1918 HK), BUY (maintained), TP: HKD8.80 (from HKD10.10) - Expecting A Stronger 2H15
2015/08/26 Results Review Sunny Optical (2382 HK, Neutral, TP: HKD13.10 (from HKD13.30)) - Less Exciting Outlook
2015/08/26 Results Review Hengdeli (3389 HK), Neutral, TP: HKD1.00 (from HKD1.47) - In Preservation Mode
2015/08/26 Results Review China Resources Gas (1193 HK), BUY (Maintained), TP: HKD25.10 (from HKD25.60) - Solid Results In Challenging Times
2015/08/26 Company Update CSCI (3311 HK, BUY, TP HKD18.85) - Value Emerges Amid Market Volatility
2015/08/26 Results Review HC International (2280 HK, Neutral, TP HKD3.04) – Online Business Faces Big Challenge
2015/08/25 Regional Daily Regional Morning Matters 08.25.2015
2015/08/25 Results Review AAC Technologies (2018 HK, Neutral, TP: HKD41.5 (from HKD42.0)) - No Longer On The Fast Lane
2015/08/25 Results Review Shenzhou (2313 HK, Buy, TP: HKD45.0) - Stick With The Leader
2015/08/25 Results Review Hilong Holding (1623 HK), NEUTRAL (from BUY), TP HKD1.50 (from 3.00) - Decent Performance In Tough Times
2015/08/25 Results Review Sinomax (1418 HK, Buy, TP: HKD1.60) - Prospects Still Bright
2015/08/25 Results Review CR Land (1109 HK), BUY (maintained), TP: HKD28.70 (from HKD32.10) - Rising Tier-1 & 2 Cities Exposure Drives Growth
2015/08/24 Regional Daily Regional Morning Matters 08.24.2015
2015/08/24 Results Review Longfor Properties (960 HK), NEUTRAL (maintained), TP: HKD10.50 (from HKD10.40) - Steady Play With Limited Catalysts
2015/08/24 Results Review Coolpad (2369 HK, SELL, TP: HKD1.00 (from HKD1.10)) - Still In Rough Waters
2015/08/21 Regional Daily Regional Morning Matters 08.21.2015
2015/08/21 Results Review Techtronic (669 HK, NEUTRAL, TP: HKD29.6 (from HKD26.0)) - Rich Valuations Reflect Solid Fundamentals
2015/08/21 Results Review CIFI Holdings (884 HK), BUY, TP: HKD2.10 (both maintained) - More To Come In 2H15
2015/08/21 Results Review China Travel International (308 HK, BUY, TP: HKD3.6) - Multiple Growth Drivers Ahead
2015/08/21 Results Review Kingdee ((268 HK, Neutral, TP HKD2.91) – Business In Transition
2015/08/20 Regional Daily Regional Morning Matters 08.20.2015
2015/08/20 Results Review Chinasoft (354 HK, Buy, TP HKD3.73) – Solid 1H15 Results With JointForce On Track
2015/08/20 Results Review VST ((856 HK, Buy, TP HKD2.96) – Strong Revenue Growth From Systems Business
2015/08/20 Results Review COSCO International (517 HK, BUY, TP: HKD6.1) - 1H15 Results Inline; Real Beneficiary Of SOE Reform
2015/08/20 Results Review COLI (688 HK), BUY (maintained), TP: HKD33.80 (from HKD34.10) - Strong Results From Market Leader
2015/08/20 Results Review Wasion Group (3393 HK, BUY, TP: HKD12.0 (from HKD12.6))
2015/08/20 Results Review Country Garden (2007 HK), NEUTRAL, TP: HKD3.10 (both maintained) - Fundamentals Still Weak
2015/08/20 Results Review COGO (81 HK), NEUTRAL (from SELL), TP: HKD2.80 (from HKD2.90) - Deteriorating Fundamentals Factored In
2015/08/20 Results Review Biostime (1112 HK), NEUTRAL (from SELL), TP: HKD13.5 (from HKD15.1) - Dismal Results Factored In
2015/08/19 Results Review CT Environmental (1363 HK), Buy, TP:HKD3.10 (from HKD3.03) - Still Our China Waste Water Segment Top Pick
2015/08/19 Results Review Kingsoft (3888 HK, Buy, TP HKD20.30) – Earnings Decline Despite Strong Revenue Growth
2015/08/19 Regional Daily Regional Morning Matters 08.19.2015
2015/08/19 Results Review Trinity (891 HK, SELL, TP: HKD0.50 (from HKD0.57)) - A Tougher Road Ahead
2015/08/19 Results Review Tongda (698 HK, BUY, TP: HKD1.90 (from HKD1.95)) - Still In A Sweet Spot
2015/08/18 Regional Daily Regional Morning Matters 08.18.2015
2015/08/17 Regional Daily Regional Morning Matters 08.17.2015
2015/08/14 Regional Daily Regional Morning Matters 08.14.2015
2015/08/14 Results Review CSCI (3311 HK, BUY, TP HKD18.85) - Expect a Stronger 2H15 On Rising GPM
2015/08/14 Results Review Lenovo (992 HK, BUY, TP: HKD12.70 (from HKD14.80)) - Back End Loaded Year
2015/08/13 Regional Daily Regional Morning Matters 08.13.2015
2015/08/13 Results Review Tencent (700 HK, Buy, TP HKD176) – Strong 2Q15 Results And Positive Outlook
2015/08/13 Results Review HK Exchanges (388 HK, BUY, TP HKD268) - Securities Volume Surges Due To Stock Connect
2015/08/13 Results Review Boer Power (1685 HK, Neutral (from Buy), TP: HKD15.12 (from HKD13.20)) - Positives Mostly Priced In
2015/08/13 Results Review China Everbright Int'l (257 HK), Neutral (Maintained), TP: HKD11.4 - 1H15 results were disappointing amid lower-than-expected construction revenue an
2015/08/12 Regional Daily Regional Morning Matters 08.12.2015
2015/08/11 Regional Daily regional morning matters 08.11.2015
2015/08/11 Results Review Texhong (2678 HK, Neutral, TP: HKD8.6) - Better 1H15 Margin But Valuation Priced In
2015/08/11 Company Update Digital China (861 HK, Buy, TP HKD12.63) – Disposal Of Distribution Unit To Focus On IT, Internet Service
2015/08/11 Results Review China Lilang (1234 HK, Neutral, TP: HKD8.90) - On Track For A Strong Finish
2015/08/10 Regional Daily Regional Morning Matters 08.10.2015
2015/08/10 Regional Daily Regional Morning Matters 08.07.2015
2015/08/10 Corporate News Flash COSCO International (517 HK, BUY, TP: HKD6.1) - Potential Merger Of Shipping Groups a Positive
2015/08/10 Results Review Truly (732 HK, NEUTRAL (from Buy), TP: HKD2.66 (from HKD4.40)) - Meaningful Recovery Still Elusive
2015/08/06 Regional Daily Regional Morning Matters 08.06.2015
2015/08/06 Company Update CRG (390 HK, BUY , TP: HKD10.17) - Key Beneficiary of Rising Infrastructure FAI
2015/08/06 Company Update CRCC (1186 HK, BUY, TP HKD15.50) - Another Beneficiary Of Infrastructure Boom
2015/08/05 Regional Daily Regional Morning Matters 08.05.2015
2015/08/04 Results Review Sinosoft (1297 HK, Buy, TP HKD4.73) – Growth From Multiple Drivers
2015/08/04 Regional Daily Regional Morning Matters 08.04.2015
2015/08/03 Regional Daily Regional Morning Matters 08.03.2015
2015/08/03 Sector News Flash HK Retail Sector – HK Retail Sales for June continues to soften
2015/07/31 Regional Daily Regional Morning Matters 07.31.2015
2015/07/31 Sector Update China Property Sector - Approaching The Sweet Spot
2015/07/30 Regional Daily Regional Morning Matters 07.30.2015
2015/07/30 Initiating Coverage Sinomax Group (1418 HK, Buy, TP: HKD1.66) - Investing In a Sound Sleep
2015/07/29 Regional Daily Regional Morning Matters 07.29.2015
2015/07/29 Results Review Xinyi Glass (868 HK, BUY, TP: HKD5.50 (from HKD5.80)) - Earnings Set To Rebound
2015/07/28 Regional Daily Regional Morning Matters 07.28.2015
2015/07/28 Company Update Sunac China (1918 HK), BUY (maintained), TP: HKD10.10 (from HKD12.30) - Attractive New Land Acquisitions
2015/07/28 Company Update SPT Energy (1251 HK), NEUTRAL (Maintained), TP: HKD0.90 (from HKD1.12) - Profit Warning a Negative Surprise
2015/07/27 Regional Daily Regional Morning Matters 07.27.2015
2015/07/27 Company Update Biostime (1112 HK, SELL (from Neutral), TP: HKD15.1 (from HKD27.8)) - Prospects Gloomier Than Expected
2015/07/24 Regional Daily Regional Morning Matters 07.24.2015
2015/07/24 Company Update Tongda (698 HK, BUY, TP: HKD1.95 (from HKD1.67) - On Track To Deliver Strong Growth
2015/07/23 Regional Daily Regional Morning Matters 07.23.2015
2015/07/23 Corporate News Flash CT Environmental (1363 HK), Buy, TP:HKD3.03 (adjusted for share split) - Share Split a Slight Positive
2015/07/22 Regional Daily Regional Morning Matters 07.22.2015
2015/07/22 Corporate News Flash Anton Oilfield (3337 HK), SELL, TP HKD1.28 (both maintained) - Order Improvement Driven By Overseas Market
2015/07/22 Results Review Stelux (84 HK, SELL, TP: HKD0.93 (from HKD1.2)) - Further Deterioration In 1QFY16
2015/07/21 Regional Daily Regional Morning Matters 07.21.2015
2015/07/21 Sector News Flash HK Gas Utilities Sector – Major Gas Distributors Still Outperforming
2015/07/20 Regional Daily Regional Morning Matters 07.20.2015
2015/07/17 Sector News Flash China Property Sector - Temporary Weakness Expected After Strong June
2015/07/16 Regional Daily Regional Morning Matters 07.16.2015
2015/07/15 Regional Daily Regional Morning Matters 07.15.2015
2015/07/15 Company Update China Mengniu Dairy (2319 HK, BUY, TP: HKD52.3) - Raw Milk Input Cost Falls To Record Low
2015/07/15 Corporate News Flash China South City (1668 HK), NEUTRAL, TP: HKD2.90 (both maintained) - 1QFY16 Contracted Sales Still Weak
2015/07/14 Regional Daily Regional Morning Matters 07.14.2015
2015/07/14 Company Update HK Exchanges (388 HK, BUY, TP HKD278) - Turning Attractive After Share Price Fall
2015/07/13 Corporate News Flash Lenovo (992 HK, BUY, TP: HKD14.80 (maintained)) - PC Shipments Decline Ahead Of Windows 10 Launch
2015/07/13 Corporate News Flash CSCI (3311 HK, BUY, TP HKD18.85) - A Value Play
2015/07/13 Regional Daily Regional Morning Matters 07.13.2015
2015/07/10 Regional Daily Regional Morning Matters 07.10.2015
2015/07/09 Regional Daily Regional Morning Matters 07.09.2015
2015/07/08 Company Update APT Satellite (1045 HK, Buy, TP: HKD9.67) - Time To Bottom-Fish
2015/07/08 Regional Daily Regional Morning Matters 07.08.2015
2015/07/07 Regional Daily Regional Morning Matters 07.07.2015
2015/07/07 Results Review Pacific Textiles (1382 HK, Neutral, TP: HKD11.0) - Lower Dividend Payout
2015/07/07 Initiating Coverage Chinasoft International (354 HK, BUY, TP: HKD3.86) - Leader In a Booming Business
2015/07/06 Regional Daily Regional Morning Matters 07.06.2015
2015/07/06 Sector News Flash China Railway & Construction Sector: Increasing Possibility Of CRG/CRCC Merging?
2015/07/03 Regional Daily Regional Morning Matters 07.03.2015
2015/07/03 Results Review China South City (1668 HK), NEUTRAL (from BUY), TP: HKD2.90 (from HKD3.54) - Still In a Transition Phase
2015/07/02 Regional Daily Regional Morning Matters 07.01.2015
2015/07/02 Regional Daily Regional Morning Matters 07.02.2015
2015/06/30 Regional Daily Regional Morning Matters 06.30.2015
2015/06/29 Regional Daily Regional Morning Matters 06.29.2015
2015/06/26 Regional Daily Regional Morning Matters 06.26.2015
2015/06/26 Results Review Stelux (84 HK, SELL (maintained), TP:HKD1.20 (from HKD1.24))- FY15 Results In Line After Profit Warning Earlier
2015/06/25 Regional Daily Regional Morning Matters 06.25.2015
2015/06/25 Initiating Coverage CMEC (1829 HK, NEUTRAL, TP HKD8.50) - Margins Pressure Matters
2015/06/25 Results Review China Gas (384 HK), BUY (Maintained), TP: HKD16.20 (from HKD16.10) - Strong Results Despite Weak Sales
2015/06/24 Regional Daily Regional Morning Matters 06.24.2015
2015/06/23 Corporate News Flash Trinity (891 HK, SELL, TP: HKD0.57) - Profit Warning With 1H Operating Loss
2015/06/23 Regional Daily Regional Morning Matters 06.23.2015
2015/06/23 Results Review Skyworth (751 HK, BUY, TP: HKD8.60 (from HKD8.20) - Rosier Margin Outlook
2015/06/22 Initiating Coverage COSCO International (517 HK, Buy, TP: HKD6.1) - Sail With The Wind
2015/06/22 Regional Daily Regional Morning Matters 06.22/.2015
2015/06/19 Regional Daily Regional Morning Matters 06.19.2015
2015/06/18 Regional Daily Regional Morning Matters 06.18.2015
2015/06/18 Corporate News Flash CSCI (3311 HK, BUY, TP HKD18.85) - 18m Units Shanty Town Re-Development Plan
2015/06/17 Regional Daily Regional Morning Matters 06.17.2015
2015/06/17 Sector News Flash China Property Sector - Contracted Sales Momentum Continues
2015/06/16 Regional Daily Regional Morning Matters 06.16.2015
2015/06/16 Results Review Texwinca (321 HK, Buy, Raise TP to HKD9.8) - Attractive Valuation With High Yield
2015/06/15 Regional Daily Regional Morning Matters 06.15.2015
2015/06/12 Regional Daily regional morning matters 06.12.2015
2015/06/12 Results Review Netdragon (777 HK, Neutral, TP HKD28.67 (from HKD14.72) – Waiting For Further Milestones
2015/06/11 Regional Daily Regional Morning Matters 06.11.2015
2015/06/11 Initiating Coverage Lenovo Group (992 HK, BUY, TP: HKD14.80) - Acquisitions On Track To Drive Growth
2015/06/11 Company Update Petro-King Oilfield Services (2178 HK), NEUTRAL (Maintained), TP: HKD1.40 (from HKD1.06) - Outlook Turns Slightly Positive
2015/06/10 Regional Daily Regional Morning Matters 06.10.2015
2015/06/10 Company Update Skyworth (751 HK, BUY, TP: HKD8.20 (from HKD6.90) - Still Attractive Despite Rally
2015/06/09 Regional Daily Regional Morning Matters 06.09.2015
2015/06/09 Company Update CRRC (1766 HK, NEUTRAL, TP HKD15.06) - Lacks Near-Term Catalysts
2015/06/08 Regional Daily Regional Morning Matters 06.08.2015
2015/06/08 Company Update Stelux (84 HK, SELL (from NEUTRAL), TP HKD1.24 (from 1.60)) - CB Penalty Looks Difficult to Avoid
2015/06/05 Company Update Biostime (1112 HK, NEUTRAL, TP HKD27.84) - January-April Sales Drop On Destocking
2015/06/05 Company Update Agile Property (3383 HK), NEUTRAL (maintained), TP: HKD6.30 (from HKD4.90) - Key Takeaways From Zhongshan Visit
2015/06/05 Regional Daily Regional Morning Matters 06.05.2015
2015/06/04 Regional Daily Regional Morning Matters 06.04.2015
2015/06/04 Sector Update China Textile & Garment (OVERWEIGHT) - Still Has Steam Left- Downgrade Texhong to Neutral, Top buy Texwinca
2015/06/03 Regional Daily Regional Morning Matters 06.03.2015
2015/06/02 Initiating Coverage CR Land (1109 HK), Initiate with BUY, TP: HKD32.10 - Sustainable Recovery Story
2015/06/02 Regional Daily Regional Morning Matters 06.02.2015
2015/05/29 Company Update Hilong Holding (1623 HK), BUY (Maintained), TP: HKD3.00 (from HKD3.19) - Lower Margin Guidance For Pipe-Laying Vessel
2015/05/29 Regional Daily Regional Morning Matters 05.29.2015
2015/05/28 Regional Daily Regional Morning Matters 05.28.2015
2015/05/28 Company Update Truly (732 HK, BUY, TP: HKD4.40 (from HKD4.50)) - Priced For A Rebound
2015/05/27 Regional Daily Regional Morning Matters 05.27.2015
2015/05/27 Results Review I.T (999 HK, BUY (maintained), TP:HKD3.78 (from HKD3.36))- Decent FY15 But Challenges Ahead For HK Market
2015/05/26 Initiating Coverage Kangda (6136 HK), Initiate with Neutral, TP:HKD4.00 - High Gearing Limits Growth
2015/05/26 Company Update China Lilang (1234 HK, NEUTRAL (from BUY), TP HKD9.34 (from HKD7.45)) - Key Distributors At Winter Trade Fair Show Confidence
2015/05/26 Regional Daily Regional Morning Matters 05.26.2015
2015/05/22 Regional Daily Regional Morning Matters 05.22.2015
2015/05/22 Company Update CPMC (906 HK), Buy, TP:HKD6.37 (from HKD4.90) - Plant Visit Indicates All Is Well
2015/05/21 Regional Daily Regional Morning Matters 05.21.2015
2015/05/21 Sector News Flash China Railway & Construction Sector - Takeaways From Beijing Visit
2015/05/21 Company Update Anton Oilfield (3337 HK), SELL (Maintained), TP: HKD1.28 (from HKD0.93) - Workforce Reduction Is Earnings-Positive
2015/05/20 Regional Daily Regional Morning Matters 05.20.2015
2015/05/20 Sector News Flash China Property Sector - Contracted Sales And Prices Recover
2015/05/20 Company Update Tianneng Power (819 HK), Buy, TP:HKD4.50 (from HKD2.40) - Improving Outlook
2015/05/20 Company Update APT Satellite (1045 HK, Buy, Raise TP to HKD14.5) - Outlook May Improve From 2H15 Onwards
2015/05/20 Results Review Kingsoft (3888 HK, Neutral, TP HKD29.62 (from HKD18.75) – Another Year Of Aggressive Investing
2015/05/19 Regional Daily Regional Morning Matters 05.19.2015
2015/05/18 Results Review HC International (2280 HK, Neurtral, TP HKD11.45) – Poor 1Q15 Results As Business Is In Transition
2015/05/18 Regional Daily Regional Morning Matters 05.18.2015
2015/05/15 Regional Daily Regional Morning Matters 05.15.2015
2015/05/14 Regional Daily Regional Morning Matters 05.14.2015
2015/05/14 Results Review Tencent (700 HK, BUY, TP HKD182 (from HKD156)) – 1Q15 Results In Line With Strong Ad Revenue
2015/05/14 Results Review HK Exchanges (388 HK, NEUTRAL, TP HKD284) - Solid Volume Expansion Already Priced In
2015/05/13 Regional Daily Regional Morning Matters 05.13.2015
2015/05/13 Initiating Coverage China Mengniu Dairy (2319 HK), Initiate with BUY, TP: HKD52.30 - Milking It For The Long run
2015/05/12 Regional Daily Regional Morning Matters 05.12.2015
2015/05/12 Results Review AAC Technologies (2018 HK, NEUTRAL (from Sell), TP: HKD42.00 (from HKD: 40.3)) - Valuation Returns To Fair Levels
2015/05/12 Company Update Sinosoft (1297 HK, Buy, TP HKD7.30) – Cooperating with CQC on Carbon Management
2015/05/11 Regional Daily Regional Morning Matters 05.11.2015
2015/05/11 Corporate News Flash CSCI (3311 HK, BUY, TP HKD18.85) - Completed 40% New Contract Wins Target
2015/05/11 Initiating Coverage China Gas Holdings (384 HK), Initiate with BUY, TP: HKD16.10 - For a Cleaner SkyChina Gas Holdings (384 HK), Initiate with BUY, TP: HKD16.10 - For a
2015/05/08 Regional Daily Regional Morning Matters 05.08.2015
2015/05/07 Company Update Sunac China (1918 HK), BUY (maintained), TP: HKD12.30 (from HKD7.90) - Acquiring Greentown's Stake In JV Projects
2015/05/07 Regional Daily Regional Morning Matters 05.07.2015
2015/05/06 Regional Daily Regional Morning Matters 05.06.2015
2015/05/06 Regional Daily Regional Morning Matters 05.05.2015
2015/05/06 Company Update Wasion (3393 HK, BUY, TP: HKD12.60 (from HKD10.00)) - Three Positive Developments
2015/05/06 Corporate News Flash CT Environmental (1363 HK), Buy, TP:HKD12.10 (Maintained) - More Copper Waste Treatment Projects
2015/05/04 Regional Daily Regional Morning Matters 05.04.2015
2015/04/30 Regional Daily Regional Morning Matters 04.30.2015
2015/04/30 Corporate News Flash CRCC (1186 HK, NEUTRAL, TP HKD15.50) - Mediocre 1Q15 Results – Uncertain PPP Project
2015/04/30 Corporate News Flash CRG (390 HK, NEUTRAL, TP HKD10.17) - Slow Start For New Contract Wins
2015/04/30 Company Update HK Exchanges (388 HK, NEUTRAL, TP HKD284) - ADT Surge Already Priced
2015/04/29 Regional Daily Regional Morning Matters 04.29.2015
2015/04/29 Results Review Digital China (861 HK, Buy, TP HKD15.44 (from HKD13.74)) – New Business Starts To Contribute
2015/04/28 Regional Daily Regional Morning Matters 04.28.2015
2015/04/27 Regional Daily Regional Morning Matters 04.27.2015
2015/04/27 Company Update CT Environmental (1363 HK), Buy, TP:HKD12.10 (from HKD10.40) - Positive Move Into New Waste Treatment Business
2015/04/24 Regional Daily Regional Morning Matters 04.24.2015
2015/04/24 Company Update Goldpac (3315 HK, BUY, Raise TP to HKD8.50) - Re-rating Not Over Yet
2015/04/23 Company Update COLI (688 HK), BUY (maintained), TP: HKD34.10 (from HKD27.00) - Pulling Away From Its Peers
2015/04/23 Results Review CSCI (3311 HK, BUY, TP HKD18.85) - Margin Expand; Lift TP On Near-term Catalysts
2015/04/23 Regional Daily Regional Morning Matters 04.23.2015
2015/04/22 Regional Daily Regional Morning Matters 04.22.2015
2015/04/21 Regional Daily Regional Morning Matters 04.21.2015
2015/04/20 Regional Daily Regional Morning Matters 04.20.2015
2015/04/17 Regional Daily Regional Morning Matters 04.17.2015
2015/04/17 Not Rated Note Sinomax (1418 HK, Not Rated) - Investing For A Better Sleep
2015/04/17 Sector News Flash China Waste Treatment Sector: Long Awaited Water Plan Finally Announced
2015/04/17 Corporate News Flash Anton Oilfield (3337 HK, SELL, TP HKD0.93 (both maintained) - Winter Continues
2015/04/16 Regional Daily Regional Morning Matters 04.16.2015
2015/04/16 Company Update Bossini (592 HK, BUY, TP: HKD0.98 (from HKD1.01)) - Slower 3Q15 But Still An Attractive Yield Play
2015/04/15 Regional Daily Regional Morning Matters 04.15.2015
2015/04/14 Sector News Flash China Property Sector - Sustainable Contracted Sales Rally
2015/04/14 Regional Daily Regional Morning Matters 04.14.2015
2015/04/13 Company Update CSCI (3311 HK, BUY, TP HKD14.20) - Very Attractive Entry Point
2015/04/13 Regional Daily Regional Morning Matters 04.13.2015
2015/04/10 Regional Daily Regional Morning Matters 04.10.2015
2015/04/10 Results Review CRG (390 HK, NEUTRAL, TP HKD10.17) - Valuation Not Attractive Enough
2015/04/09 Regional Daily Regional Morning Matters 04.08.2015
2015/04/09 Regional Daily Regional Morning Matters 04.09.2015
2015/04/09 Results Review CRCC (1186 HK, NEUTRAL, TP HKD15.50) - Right Strategies But Rich Valuation
2015/04/02 Results Review CT Environmental (1363 HK), Buy, TP:HKD10.40 (from HKD9.80) - High Growth Likely To Continue In FY15
2015/04/02 Regional Daily Regional Morning Matters 04.02.2015
2015/04/02 Results Review China Everbright Int'l (257 HK, Neutral, TP HKD11.6 (from HKD10.5)
2015/04/02 Results Review Country Garden (2007 HK) NEUTRAL (maintained), TP: HKD3.10 (from HKD3.20) - Introducing Ping An As a Strategic Investor
2015/04/01 Results Review Shimao (813 HK) BUY (maintained), TP: HKD19.80 (from HKD22.80) - Still a Solid Fundamentals Play
2015/04/01 Results Review Petro-King Oilfield (2178 HK), NEUTRAL (Maintained), TP: HKD1.06 (from HKD1.22) - FY14 a Complete Miss
2015/04/01 Results Review Digital China (861 HK, Buy, TP HKD13.74 (from HKD12.28)) – Outlook Turns More Positive
2015/04/01 Regional Daily Regional Morning Matters 04.01.2015
2015/03/31 Results Review China Fiber Optic Network (3777 HK, BUY, TP: HKD2.60 (from HKD3.00)) - Still Cheap Despite Less Robust Fundamentals
2015/03/31 Results Review Greentown China (3900 HK) NEUTRAL (maintained), TP: HKD6.90 (from HKD7.30) - Seeking a Turnaround From Alliances
2015/03/31 Results Review Evergrande (3333 HK) SELL (maintained), TP: HKD2.50 (from HKD2.80) - Risks Remain Amid Heavy Leverage
2015/03/31 Results Review HC International (2280 HK, Neutral from Buy, TP HKD9.29 (from HKD15.36)) – Organic Growth Slowing Down
2015/03/31 Regional Daily Regional Morning Matters 03.31.2015
2015/03/31 Results Review Beijing Enterprises Water (371 HK), Neutral, TP:HKD5.40 (Maintained) - Growth May Decelerate In FY15
2015/03/30 Results Review Pacific Online (543 HK, Neutral, TP HKD3.74 (from HKD2.90) – Results In Line With High Opex
2015/03/30 Results Review Greatview (468 HK, Neutral, TP: HKD3.89) - FY14 In Line With 9M14 Profit Warning Guidance
2015/03/30 Sector News Flash China Railway & Construction Sector - Details Still Lacking For “One Belt One Road”
2015/03/30 Regional Daily Regional Morning Matters 03.30.2015
2015/03/27 Results Review Anton Oilfield (3337 HK), SELL, TP: HKD0.93 (from HKD0.95) - Mounting Pressure
2015/03/27 Results Review Coolpad [2369 HK, Sell, TP: HKD1.10 (from Buy, HKD2.80)] - Challenging Outlook Ahead
2015/03/27 Results Review Biostime [1112 HK, Neutral, TP: HKD30.88 (from SELL, HKD18.67)] - Weak EUR Key Driver For Future Growth
2015/03/27 Results Review CPMC [906 HK, BUY, TP: HKD4.90 (from HKD7.13)] - Steady Prospects Ahead
2015/03/27 Results Review China Resources Gas (1193 HK), BUY (Maintained), TP: HKD25.60 (from HKD25.42) - FY14 Largely In Line – Sales Outlook Improved
2015/03/26 Results Review AAC Technologies (2018 HK, SELL, TP: HKD40.30 (Maintained)) - Valuations Still High While 4Q14 Misses
2015/03/26 Results Review Sunac China (1918 HK) BUY (Maintained), TP: HKD7.90 (from HKD9.60) - Awaiting NAV-Accretive Acquisitions
2015/03/26 Results Review Shenzhou International (2313 HK, BUY, HKD38) - Results Beat On Good Margins
2015/03/26 Results Review Agile Property (3383 HK) NEUTRAL, TP: HKD4.90 (both maintained) - Lacks Catalysts Amid Cautious Strategy
2015/03/26 Corporate News Flash Sinosoft (1297 HK, Buy, TP HKD4.89) – Positive Meeting Takeaways
2015/03/26 Results Review China Travel International (308 HK, BUY, HKD3.3) - Becoming a Pure Tourism Play
2015/03/26 Regional Daily Regional Morning Matters 03.26.2015
2015/03/25 Results Review SPT Energy (1251 HK), NEUTRAL, TP: HKD1.12 (from HKD1.15) - FY14 Largely In Line But Tough Times Ahead
2015/03/25 Results Review COLI (688 HK) BUY (from Take Profit), TP: HKD27.00 (from HKD22.60) - Growth Momentum To Pick Up
2015/03/25 Results Review Wasion Holdings (3393 HK, BUY, TP: HKD10.00) - Solid Outlook
2015/03/25 Results Review KWG Property (1813 HK) BUY, TP: HKD7.60 (both maintained) - Growth Momentum To Pick Up
2015/03/25 Results Review APT Satellite (1045 HK, Buy, TP: 13.1) - Results Miss But Outlook Still Promising
2015/03/25 Regional Daily Regional Morning Matters 03.25.2015
2015/03/24 Results Review Sinosoft (1297 HK, Buy, TP HKD4.89 (from HKD4.27) – Results In Line With Great Potential Ahead
2015/03/24 Results Review COGO (81 HK) SELL (from Neutral), TP: HKD2.90 (from HKD6.20) - FY14 Disappoints On Tier-3 Cities Exposure
2015/03/24 Results Review Hilong Holding (1623 HK), BUY, TP: HKD3.19 (from HKD4.80) - Solid FY14 But FY15 Likely To Remain Challenging
2015/03/24 Regional Daily Regional Morning Matters 03.24.2015
2015/03/24 Sector News Flash China Property Sector - More Speculation On Policy Easing
2015/03/23 Results Review Kingsoft (3888 HK, Neutral, TP HKD18.75 (from HKD18.88) – Heavy Investment In Cloud Tempers 4Q Beat
2015/03/23 Results Review Techtronic (669 HK, Neutral, TP: HKD26.00) - Still Fully Valued
2015/03/23 Results Review CSCI (3311 HK, BUY, TP HKD14.20) - Solid Results With Positive Margin Outlook
2015/03/23 Results Review Goldpac (3315 HK, BUY, TP HKD6.40) - Bottom-Fishing On Compelling Valuations
2015/03/23 Regional Daily Regional Morning Matters 03.23.2015
2015/03/20 Results Review VST (856 HK, BUY from Neutral, TP HKD3.25 (from HKD2.20) – FY14 Earnings Beat Estimate On Higher Margins
2015/03/20 Regional Daily Regional Morning Matters 03.20.2015
2015/03/19 Results Review Tongda [698 HK, BUY, TP: HKD1.67 (from HKD1.45)] - Pulling Away From The Competition
2015/03/19 Results Review Truly (732 HK, BUY, TP HKD4.50 (from HKD4.10) - Improving Outlook
2015/03/19 Results Review Longfor Properties (960 HK) NEUTRAL (maintained), TP: HKD10.40 (from HKD10.20) - Steady Fundamentals But Fairly Valued
2015/03/19 Results Review Tencent (700 HK, BUY, TP HKD156) – 4Q Results In Line With Strong Advertising Revenue
2015/03/19 Regional Daily Regional Morning Matters 03.19.2015
2015/03/19 Results Review Kingdee (268 HK, BUY, TP HKD3.09 (from HKD3.96)) – Earnings Miss Largely Due To Strategic Change
2015/03/18 Sector News Flash China Railway & Construction Sector - Potential CRG-CRCC Merger
2015/03/18 Results Review Trinity (891 HK, SELL, TP HKD0.57 (from HKD1.61)) - Disappointing FY14 With Low Visibility Ahead
2015/03/18 Regional Daily Regional Morning Matters 03.18.2015
2015/03/17 Sector News Flash China Railway & Construction Sector - Two Potential Catalysts In The Near Term
2015/03/17 Results Review Texhong Textile (2678 HK, Buy, TP HKD9.20 (from HKD8.80)) - Results In Line But Expects a More Optimistic 2015
2015/03/17 Regional Daily Regional Morning Matters 03.17.2015
2015/03/16 Regional Daily Regional Morning Matters 03.16.2015
2015/03/13 Regional Daily Regional Morning Matters 03.13.2015
2015/03/12 Results Review Country Garden (2007 HK) NEUTRAL (maintained), TP: HKD3.20 (from HKD3.80) - Dimmer Prospects Ahead
2015/03/12 Regional Daily Regional Morning Matters 03.12.2015
2015/03/11 Sector News Flash China Railway & Construction Sector - CNR/CSR Merger Approved
2015/03/11 Company Update CIFI Holdings (884 HK) BUY, TP: HKD2.10 (Maintained) - Growth Momentum On Track
2015/03/11 Results Review Sunny Optical (2382 HK, NEUTRAL, TP: HKD13.30 (from HKD11.0)) - Fully Valued
2015/03/11 Corporate News Flash CSCI (3311 HK, BUY, TP HKD14.63) - Higher Target For Affordable Housing
2015/03/11 Regional Daily Regional Morning Matters 03.11.2015
2015/03/10 Regional Daily Regional Morning Matters 03.10.2015
2015/03/10 Results Review Boer Power (1685 HK, BUY, TP HKD13.2 (from 13.0) - Powering Ahead
2015/03/10 Results Review China Lilang (1234 HK, BUY, TP HKD7.45) - New Strategy Pays Dividends
2015/03/10 Corporate News Flash China Resources Gas (1193 HK) BUY, TP: HKD25.42 (Both Maintained) - Qingdao Energy JV a Positive Move
2015/03/09 Regional Daily Regional Morning Matters 03.09.2015
2015/03/06 Company Update Skyworth (751 HK, BUY, TP: HKD6.90 (from HKD5.30)) - A Surprisingly Strong Recovery
2015/03/06 Sector News Flash China Railway & Construction Sector - CNR And CSR Rise On Double Positives
2015/03/06 Corporate News Flash CSCI (3311 HK, BUY, TP HKD14.63) - Higher Target For Affordable Housing
2015/03/05 Company Update Agile Property (3383 HK) NEUTRAL (from BUY), TP: HKD4.90 (from HKD4.80) - Now NEUTRAL As Valuations Have Caught Up
2015/03/05 Regional Daily Regional Morning Matters 03.05.2015
2015/03/04 Results Review TCL Multimedia (1070 HK, SELL, TP HKD2.20 (from HKD1.90)) - Another Disappointing Quarter
2015/03/04 Regional Daily Regional Morning Matters 03.04.2015
2015/03/03 Results Review Xinyi Glass (868 HK, BUY, TP HKD5.80 (from neutral, HKD4.60) - Recovery In Place
2015/03/03 Company Update China Resources Gas (1193 HK) BUY (Maintained), TP: HKD25.42 (from HKD27.15) - Cut In Gas Prices Milder Than Expected
2015/03/03 Regional Daily Regional Morning Matters 03.03.2015
2015/03/02 Results Review CIFI Holdings (884 HK) BUY, TP: HKD2.10 (both maintained) - Contracted Sales Growth Sustained
2015/03/02 Regional Daily Regional Morning Matters 03.02.2015
2015/02/27 Regional Daily Regional Morning Matters 02.27.2015
2015/02/26 Results Review Bossini 592 HK, BUY, TP HKD1.01 (unchanged) - Discipline Pays Dividends
2015/02/26 Regional Daily Regional Morning Matters 02.26.2015
2015/02/25 Regional Daily Regional Morning Matters 02.25.2015
2015/02/25 Company Update Xinyi Glass (868 HK, NEUTRAL, TP HKD4.60 (from HKD5.70) - Recovery Delayed
2015/02/24 Initiating Coverage China Travel International (308 HK) - Buy with TP of HKD3.30
2015/02/24 Regional Daily Regional Morning Matters 02.24.2015
2015/02/23 Regional Daily Regional Morning Matters 02.23.2015
2015/02/18 Regional Daily Regional Morning Matters 02.18.2015
2015/02/17 Company Update Sound Global (967 HK, Buy, TP:HKD12.00) - Convincing Rebuttal of Allegations
2015/02/17 Sector News Flash China Property Sector - Awaiting a Recovery After Chinese New Year
2015/02/17 Regional Daily Regional Morning Matters 02.17.2015
2015/02/16 Company Update Digital China (861 HK, BUY, TP HKD12.28) – Improving Business Outlook
2015/02/16 Regional Daily Regional Morning Matters 02.16.2015
2015/02/12 Regional Daily Regional Morning Matters 02.12.2015
2015/02/11 Company Update Sunac China (1918 HK) BUY (Maintained), TP: HKD9.60 (from HKD7.60) - Successful Purchase Of Kaisa Stake a Positive
2015/02/11 Regional Daily Regional Morning Matters 02.11.2015
2015/02/11 Corporate News Flash CSCI (3311 HK, BUY, TP HKD14.63) - New Contract Wins Expected To Accelerate
2015/02/10 Corporate News Flash CCC (1800 HK, NEUTRAL (From Sell), TP HKD7.88) - Limited Downside
2015/02/10 Regional Daily Regional Morning Matters 02.10.2015
2015/02/09 Sector Initiation China Textile & Garment ( New OVERWEIGHT) - 3 Buys on Texhong, Texwinca and Shenzhou, Neutral on Pacific Textiles
2015/02/09 Regional Daily Regional Morning Matters 02.09.2015
2015/02/06 Company Update Sunny Optical (2382 HK, NEUTRAL, TP: HKD11.0 (from 13.5)) - Shifting Down A Gear
2015/02/06 Regional Daily Regional Morning Matters 02.06.2015
2015/02/05 Regional Daily Regional Morning Matters 02.05.2015
2015/02/05 Sector News Flash HK Oil & Gas Services Sector – Capex Cuts By Oil Majors a Negative
2015/02/05 Company Update Fuguiniao (1819 HK, NR) - The Flying Bird
2015/02/04 Regional Daily Regional Morning Matters 02.04.2015
2015/02/04 Company Update China South City (1668 HK) BUY (Maintained), TP: HKD3.54 (from HKD6.23) - Hiccup In 3QFY15 Contracted Sales
2015/02/03 Company Update Pacific Online (543 HK, NEUTRAL, TP HKD2.90) – Higher Costs On Heightened Competition
2015/02/03 Sector News Flash Hong Kong Consumer Retail Sector - HK Dec Retail Sales -3.9%, Bearish Surprise
2015/02/03 Regional Daily Regional Morning Matters 02.03.2015
2015/02/02 Regional Daily Regional Morning Matters 02.02.2015
2015/02/02 Corporate News Flash Sound Global (967 HK, Buy, TP:HKD12.00) - Issues Positive Profit Alert
2015/02/02 Sector News Flash China Railway & Construction Sector – 2015 Railway FAI Likely To Hit New High
2015/01/30 Company Update IT (999 HK, BUY, TP HKD3.47) - Operating Leverage Starts To Kick In
2015/01/30 Company Update Biostime (1112 HK, SELL, TP HKD18.67) - Too Optimistic On One-Off Forex Gain
2015/01/30 Regional Daily Regional Morning Matters 01.30.2015
2015/01/29 Regional Daily Regional Morning Matters 01.29.2015
2015/01/29 Sector News Flash China Railway & Construction Sector – High-Level Train Maintenance Orders On The Rise
2015/01/29 Sector News Flash China Waste Treatment Sector: Higher Tariffs a Positive But Limited Impact
2014/11/26 Company Report APT Satellite (1045 HK) - NDR Key Takeaways
2014/11/21 Company Report GAPACK (468 HK, downgrade to Neutral, TP HKD3.89) - Mounting Concerns - But Appear To Be Priced In
2014/11/14 Company Report Tencent (700 HK, BUY, TP HKD156) – 3Q14 Misses Slightly But Outlook Remains Positive
2014/11/13 Company Report HC International (2280 HK, BUY, TP HKD15.36) – Recovery Finally Taking Hold