【招银国际】 Impressive 1Q23 earnings; Higher earnings forecast & TP; More catalysts ahead.pdf

Earnings expectation is settling

Marvell FY1Q25 earnings: Harnessing the AI revenue

Attractive valuation with likely resilient earnings

1Q results pointed to a better full-year earnings growth outlook

PHEVs key to FY24; Earnings likely still resilient

Strong core music business supports 1Q23 earnings beat

Auto: Chinese brands’ 2Q earnings could be resilient

Fair valuation despite FY22 high earnings quality

ESOP targets stabilize earnings expectation but sentiment overhang remains

Expect solid 2023E earnings; Higher free float to boost valuation