【Sector Research】China Property Sector – NBS Nov data improved slightly; About Shanghai and Shimao |
【Fixed Income Research】TSINGH’s in-court restructuring proposal is favorable to USD guaranteed notes holder, we estimate recovery value at low-70 to mid-80 |
【Fixed Income Research】Medco Energi's proposed acquisition will boost its near-term EBITDA and lower leverage metric |
【公司研究】人保财险 (2328 HK) – 车险保费增速企稳回升,预计非车承保有所改善 |
【Company Research】PICC P&C (2328 HK) – Auto growth pick up; Non-auto UW to improve |
【行业研究】保险行业 - 寿险负债端持续承压,产险增速企稳回升;板块估 值处于历史底部,具备长期投资价值 |
【Fixed Income Research】CHIGRA - Recommendation change to Hold |
【Sector Research】China Insurance – P&C growth rebound; Life slow momentum into 1Q22; Prefer P&C over life insurance in 1H22 |
【Fixed Income Research】HPDLF - "CBs" issue enhanced financial flexibility, Buy on HPDLPs |
【Sector Research】China Banking – Looking for the safe harbor |