L-ZONE

24 May - 3 Jun 2021
Daiwa America Corporate Day (Virtual) - Companies Gone Public in 2020 and Beyond

24 May - 11 Jun 2021
Daiwa Investment Conference US 2021 (Virtual)

17 Mar - 9 Apr 2021
Daiwa ESG Conference 2021 (Virtual)

| Equity <Company Sector> |
Macro |
| Equity <Strategy> |
Fixed Income |

19-Apr-21
China Healthcare CRO/CDMO

Sector Report: Initiation: rising global co･･･

21-Apr-21
China Internet Daily

21 April 2021

19-Apr-21
Overview of Key Energy Policy/Industry Points

Interest in renewables, hydrogen still high

20-Apr-21
Asahi Intecc(7747 JP)

Lowered our rating to 3 (Neutral)

16-Apr-21
Star Micronics(7718 JP)

Pickup in European auto spending presents o･･･

16-Apr-21
China Economy

1Q21 GDP powers up but QoQ growth disappo･･･

20-Apr-21
Macro First Impression (19 Apr 2021)

US-Japan summit focused on China, could p･･･

09-Apr-21
China Economy

Global price surge continues to feed infl･･･

19-Apr-21
March 2021 Trade Statistics

Major growth achieved in comparison to pr･･･

16-Apr-21
Indonesia Strategy

On flows, where are the buyers?

19-Apr-21
Weekly Suzuki Report (16 April 2021)

What happens when expectations-driven marke･･･

19-Apr-21
Kinouchi's Technical Tips for Institutions

Pfizer agreed with Suga administration to e･･･

21-Apr-21
Share Buybacks to Normalize Further?

Firms for which analysts see relatively hig･･･

20-Apr-21
Hong Kong/China ESG

HKEX consultation on review of the CG Code ･･･

19-Apr-18
Foreign Resident Spending to Hit Y3tn/yr

Number of days in Japan by foreign resident･･･

20-Apr-21
Daiwa's View

European-version "Happy yield increase" and･･･

19-Apr-21
Daiwa's View

Implications of correlation between copper ･･･

16-Apr-21
Daiwa's View

Short-cover rally pushed down yield to belo･･･

26-Oct-20
Daiwa's View

Oct BOJ Financial System Report

16-Apr-21
Euro area wrap-up

DAIWA EUROPE: Euro wrap-up (16 April 2021),･･･

| Equity <Company Sector> |
Macro |
| Equity <Strategy> |
Fixed Income |

02-Apr-21
Spotlight on New Medium-term Business Plans

Key points to watch for in medium-term busi･･･

10-Apr-21
Yaskawa Electric(6506 JP)

Results unsurprising; still ample growth op･･･

19-Apr-21
China Healthcare CRO/CDMO

Sector Report: Initiation: rising global co･･･

13-Apr-21
Asahi Intecc(7747 JP)

Stock options, acquisitions, R&D base expan･･･

15-Apr-21
Taiwan Semiconductor Manufacturing(2330 TT)

Hefty capex cements our thesis yet … (II)

08-Apr-21
ESG Update (8 Apr 2021)

CG Code/Engagement Guideline Revisions; G･･･

10-Apr-21
Japan Stock Supply/demand Update (Apr week 2)

Foreigners net sellers for second week ru･･･

06-Apr-21
Key Pts in CG Code/Engagement Guideline Revisions

Integrated outline of CG Code, engagement･･･

02-Apr-21
Japan Stock Supply/demand Update (Apr week 1)

Foreigners net sellers for first time in ･･･

09-Apr-21
China Economy

Global price surge continues to feed infl･･･

02-Apr-21
Japanese Market Review March 2021

TOPIX performed well on higher US long rate･･･

02-Apr-21
Japanese Market Review: 1Q 2021

Nikkei Stock Average topped 30,000 at one p･･･

05-Apr-21
Valuation Update for Japanese, US Equities

TOPIX P/B rose to 1.37X; US equity P/E up s･･･

08-Apr-21
ESG Update (8 Apr 2021)

CG Code/Engagement Guideline Revisions; GPI･･･

02-Apr-21
CG Code Update: Less Parent-subsidiary Listings?

Additional criteria for Prime Market listin･･･

09-Apr-21
Daiwa's View

If rise in yields led by term premium

12-Apr-21
Daiwa's View

Impact of Logan speech

14-Apr-21
Daiwa's View

Fateful August?

16-Apr-21
Daiwa's View

Short-cover rally pushed down yield to belo･･･

02-Apr-21
Daiwa's View

Three specific factors with JGBs / Signs of･･･