【招银国际】 Core business maintains a healthy growth momentum.pdf

FY24E target maintained but we are cautious

Earnings beat with double surprises on dividend payout; Maintain Buy

Yanlord：Resilient FY22 results and business model; maintain Buy

4Q22 Preview： earnings recovery remains bumpy; Maintain HOLD

Capital Goods: Turning cautious on export market; D/G Sinotruk to HOLD; Maintain BUY on Weichai

Solid 3Q with intact near-term prospects; Maintain BUY

Maintaining conservative outlook

Non-COVID business to maintain solid growth

Determined to maintain local consumer services industry consumer mind share

China TMT： Maintain buy XIAOMI’30-31s, XIAOMI 0’27(CB), MEITUA 0’27(CB), initiate buy on WB 3 3／8’30