We think Logan will maintain its contracted sales target for FY22F at Rmb140bn, based on Rmb200bn saleable resources (same as FY21). Its offshore cash balance secures repayment of US$0.8bn senior notes due in Aug 21 and will be replenished by sales.....

NWD saw upbeat sales and occupancy at its K11 malls in HK in 2HCY21. It expects ~65% occupancy for K11 Atelier office tower of 11 Skies in mid-2022. In the past three months, NWD has submitted three applications for farmland conversion in the north....

Xiaomi expects continued solid growth in smartphone shipments in FY22F. Monetisation in the Internet services segment is set to accelerate in FY22F. Reiterate Add. Our target price of HK$27.38 is based on 20x FY22F P/E.  

In 4Q21, retail sales growth of the Anta brand, Fila brand and other brands was in the mid-teens, high-single digits, and 30-35% yoy, respectively. The sales growth for Anta and Fila brands was improved from the 3Q21 level. For full year FY21, Anta....