【招银国际】 Earnings expectation is settling.pdf

Expect domestic business to rebound from 2025

3Q NPAT boosted by net fair value gains; expect resilient full-year NBV upswing

–Expect steady 3Q23 despite macro uncertainty

what-can-we-expect-in-china-in-2018

China Property Fatigue about easing expectation

Weak 1Q23 as expected; Expect multiple drivers from iPhone／CPU socket／400G／EV in 2H23E

Weekly highlight: expect strong sales momentum to last longer

4Q23E earnings surged 31-71% YoY, above expectation

CMS Strategy Weekly (20 Feb 2023) Rate expectations see upward revision

【Sector Research】China Property Sector–NBS Jun data： weak as expected, a tough 3Q ahead