L-ZONE

8 Feb - 12 Mar 2021
Daiwa Investment Conference Tokyo 2021 (Virtual)

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

22-Jan-21
Retail Monthly January 2021

Sector Report: Surge in COVID-19 cases behi･･･

21-Jan-21
Tokyo Electron(8035 JP)

IR day

20-Jan-21
China FinTech and HealthTech

Sector Report: Creating digital “new infras･･･

23-Jan-21
Tokyo Steel Mfg.(5423 JP)

Upbeat on decarbonization; competitive land･･･

22-Jan-21
Hitachi(6501 JP)

Expectations high for electrification, DX s･･･

25-Jan-21
Macro Focus (Vol.8)

BOJ Monetary Policy Board Meeting (Jan 20･･･

19-Jan-21
China A-share Strategy

2021 outlook: fading "first-mover" advant･･･

21-Jan-21
Japan's Medium-term Economic Outlook

Coronavirus Crisis Transforms Global Econ･･･

20-Jan-21
Macro First Impression (18 Jan 2021)

News about YCC reassessment feels d&eacut･･･

06-Jan-21
2021 Macro Outlook

The world comes to terms with the pandemic

22-Jan-21
Update on Parent-subsidiary Listings

Could again draw attention during results s･･･

25-Jan-21
Impact on Japan stocks from Tokyo Olympic news

Still see Nikkei Stock Avg. above 30,000 by･･･

25-Jan-21
Macro Focus (Vol.8)

BOJ Monetary Policy Board Meeting (Jan 2021･･･

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

Number of days in Japan by foreign resident･･･

19-Jan-21
China A-share Strategy

2021 outlook: fading "first-mover" advantag･･･

21-Jan-21
Daiwa's View

Should 20-year JGB yield follow US yields?

25-Jan-21
Daiwa's View

Will inflation expectations rise further?

22-Jan-21
Daiwa's View

Policy ops to be reviewed while board membe･･･

20-Jan-21
Daiwa's View

Outlook for managing yield curve control ba･･･

22-Jan-21
U.S. Monetary Policy

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

31-Dec-20
2021 Technology Outlook

Sector Report: Back on track, but perhaps n･･･

29-Dec-20
China Energy

Sector Report: The road to carbon zero: wha･･･

23-Dec-20
Daiwa All-Star Team's Outlook for 2021

Moving into post-COVID-19 world

14-Jan-21
China Internet

Sector Report: 2021: bumpy but still promis･･･

06-Jan-21
Cuts to Strategic Shares General Contractors Hold

Headwind for traditional business practice ･･･

19-Jan-21
China A-share Strategy

2021 outlook: fading "first-mover" advant･･･

06-Jan-21
2021 Macro Outlook

The world comes to terms with the pandemic

18-Jan-21
ESG Update (14 Jan 2020)

Total emissions down six years running / ･･･

16-Jan-21
Japan Stock Supply/demand Update (Jan week 2)

Foreigners net buyers for second week run･･･

08-Jan-21
Japan Stock Supply/demand Update (Jan week 1)

Foreigners net buyers for first time in t･･･

06-Jan-21
Stock Picks for 2021 Based on Earnings Rankings

Ranking of stocks by earnings, share price ･･･

19-Jan-21
China A-share Strategy

2021 outlook: fading "first-mover" advantag･･･

08-Jan-21
Japan/US REIT Market Outlook

Money flows as key driver

22-Jan-21
Update on Parent-subsidiary Listings

Could again draw attention during results s･･･

06-Jan-21
Valuation Update for Japanese, US Equities

TOPIX P/B rose to 1.28X; US equity P/E up

13-Jan-21
Daiwa's View

Implication of US interest rate topping 1%

20-Jan-21
Daiwa's View

Outlook for managing yield curve control ba･･･

19-Jan-21
Daiwa's View

BOJ may have started 'imprinting' strategy ･･･

06-Jan-21
Daiwa's View

Things to watch for in 2021: Part 3

07-Jan-21
Daiwa's View

Upside breakout