Geely Auto (175HK, Buy): Key takeaways from meeting with management; Considerablegrowth ahead    Management believes that given the considerable sales growth in 9M17(up 80% YoY), total salesvolume this year could reach 1.15-1.20m units, which would be higher than its previous sales target(1.1m units), while in line with our estimate of 1.19m units. This sales expectation would represent51-57% YoY sales growth, a significant growth rate among own-brand peers. The rapid sales growthcomes mainly from the company’s balanced product mix, which focuses on both sedans and SUVs,its R&D which strives to make its products meet customers’ needs, and its effective marketingstrategy. We expect 2018to be a key year for the company in terms of its products. Maintain Buy.    Universal Medical (2666HK, Buy): Shares up 10% yesterday; investors noticing the potentialin its hospital operations    Universal Medical saw a more than 10% increase in its share price yesterday. With no particularrelated news besides some reports about the company’s progress at the International Land PortHospital, we believe the rise is mainly due to recent market interest in healthcare and investorsbeginning to notice the significant potential in the company’s hospital operations business. Newscatalysts that we consider more significant include progress in cooperation with Handan FirstHospital, Zhengzhou Hospital and its involvement in SOE-affiliated hospital reform. Maintain Buyand TP of HK$8.60.

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