Ratings by CLSA (Ethan Wang)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 6/1/2026 | Chagee Holdings | CHA | New Coverage | Hold (3) (N/A) |
10.16 (12.24) |
20.47% | Details | |
| 1/2/2026 | Atour Lifestyle Holdings | ATAT | New Coverage | Outperform (2) (N/A) |
39.40 (32.41) |
-17.74% | Details | |
| 11/25/2025 | Yum China Holdings | YUMC | Maintain | Outperform (2) (N/A) |
|
Details | ||
| 1/6/2025 | Luckin Coffee | LKNCY | New Coverage | Underperform (4) (N/A) |
26.50 (34.64) |
30.72% | Details | |
| 2/15/2024 | Yum China Holdings | YUMC | Downgrade | (High-Conviction Outperform (1)) |
40.38 (42.32) |
4.8% | Details | |
| 9/15/2023 | Yum China Holdings | YUMC | Upgrade | High-Conviction Outperform (1) (Underperform (4)) |
56.08 (42.32) |
-24.54% | Details | |
| 1/9/2023 | Yum China Holdings | YUMC | Downgrade | Underperform (4) (High-Conviction Outperform (1)) |
58.02 (42.32) |
-27.06% | Details | |
| 11/11/2022 | Futu Holdings Limited | FUTU | Upgrade | High-Conviction Outperform (1) (High-Conviction Underperform (5)) |
42.11 (112.73) |
167.7% | Details | |
| 9/1/2022 | Futu Holdings Limited | FUTU | Upgrade | High-Conviction Underperform (5) (Hold (3)) |
45.89 (112.73) |
145.65% | Details | |
| 8/19/2022 | LexinFintech Holdings (ADR) | LX | Upgrade | High-Conviction Underperform (5) (Hold (3)) |
2.22 (0.80) |
-63.96% | Details | |
| 6/6/2022 | Futu Holdings Limited | FUTU | Downgrade | Hold (3) (High-Conviction Underperform (5)) |
36.86 (112.73) |
205.83% | Details | |
| 3/13/2022 | Futu Holdings Limited | FUTU | Downgrade | High-Conviction Underperform (5) (Underperform (4)) |
28.21 (112.73) |
299.61% | Details | |
| 11/26/2021 | Futu Holdings Limited | FUTU | Downgrade | Underperform (4) (High-Conviction Outperform (1)) |
54.31 (112.73) |
107.57% | Details | |
| 10/18/2021 | Futu Holdings Limited | FUTU | New Coverage | High-Conviction Outperform (1) (N/A) |
73.81 (112.73) |
52.73% | Details | |
| 8/22/2021 | 360 Finance | QFIN | Maintain | High-Conviction Outperform (1) (N/A) |
|
Details | ||
| 3/16/2021 | 360 Finance | QFIN | Maintain | High-Conviction Outperform (1) (High-Conviction Outperform (1)) |
|
Details | ||
| 3/9/2021 | LexinFintech Holdings (ADR) | LX | Maintain | High-Conviction Outperform (1) (High-Conviction Outperform (1)) |
|
Details | ||
| 3/9/2021 | 360 Finance | QFIN | Maintain | High-Conviction Outperform (1) (High-Conviction Outperform (1)) |
|
Details | ||
| 1/26/2021 | LexinFintech Holdings (ADR) | LX | Upgrade | High-Conviction Outperform (1) (Underperform (4)) |
7.19 (0.80) |
-88.87% | Details | |
| 7/16/2020 | LexinFintech Holdings (ADR) | LX | New Coverage | Underperform (4) (N/A) |
11.40 (7.19) |
-36.93% | Details | |
| 7/16/2020 | 360 Finance | QFIN | New Coverage | High-Conviction Outperform (1) (N/A) |
14.73 (8.47) |
-42.5% | Details |

