Solid mobile games and margin improvement support strong 1Q23 results
Property: Weekly highlight: Strong WoW recovery at Mar end,policy relaxation continued
Strong sales performance in 2Q
200% YoY; Strong gas trucks sales continue to be key driver
China Consumer Sector – Strong recovery and sustainability during CNY
–3Q23 earnings beat on strong operating leverage and business innovation
Technology: AI Server and AI PC/smartphone supply chain set to continue strong momentum into 1H24E
Strong sales in Q3, with a narrowed net loss
–NDR takeaways:Strong order backlog in 2H23E; Solid pipeline to drive growth into FY24/25E
Strong and sustainable non-COVID growth