【招银国际】 Maintaining strong growth momentum.pdf

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Strong FY24 results; benefiting from the robust AI demand

China Auto Sector – Can possible strong Jun sales extend into 2H23？

Strong GPM expansion supported the breakeven in 2H22

Core educational business sustained strong momentum

China Auto Sector–Strong 4Q23 sales mixed with rising competition

Steam ahead with doubled 2Q net profit and strong NBV uptrend; revise up TP

FY22 Preview： Strong execution of “3+3 Strategy”; Raise TP to HK$2.66

China Auto Sector: Strong June provides more confidence for 2H23

Weekly highlight: expect strong sales momentum to last longer