Mid-teen top-line growth and a 90% dividend payout sustain the valuation premium over peers
China Banking Sector-Maintain OVERWEIGHT on valuation and positive outlook
–Positive on shipment recovery and upgrade trend; Maintain Hold on fair valuation
–1H23 weakness in-line; Maintain HOLD on fair valuation
Improving CNY sales; Stay Neutral on demanding valuation
Biodiversity valuation
After-sales as earnings driver amid low valuation
银河娱乐 Valuation Rerating
Fair valuation despite FY22 high earnings quality
China Banking Sector: Maintain OVERWEIGHT on valuation and positive outlook