Report Review of May. 2018 May 31, 2018 405

Automobile & Air (ZhangJing)

This month I released 4 reports including 3 updated reports and 1 NDR takeaways: GreatWall Motor (2333. HK), BYD (1211. HK) , Geely (175. HK), FDG (729. HK). Among which, we prefer Geely.

Healthcare & Consuming (Eurus Zhou)

This month I released 3 equity reports, including SPH (2607HK), CSPC (1093HK) and Netdragon (777HK). We tend to highly recommend Netdragon 777HK) and SPH (2607HK).

Education (Terry Li)

I released a report on China New Higher Education Group in this month. TheĀ group is a leading higher education operator in China, with six schools in Yunnan, Guizhou, Xinjiang, Heilongjiang, Hubei, Henan, and one under construction in Gansu.

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