【招银国际】 1Q23 beat with sustainable profitability ahead.pdf

Positive profit alert for FY22; eyeing for a good FY23E

2H22E net profit to almost double HoH

2Q23E preview: net profit to rise 7% QoQ

3Q24 net profit +38% YoY, beat expectations; US remains the most promising market

Bank Profits and Bank Taxes in the EU

We expect 2H22E net profit to fall 23% YoY

Expect a profit turnaround in 2023E

Positive profit alert for FY23E

Net profit +3.5x YoY in 2022 but below expectations; Attractive yield of 20%

Geely Automobile (175 HK) 2H22E net profit to almost double HoH