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

Earnings beat with double surprises on dividend payout; Maintain Buy

–1H23 worse than expected on slow recovery; Maintain HOLD

China Banking Sector-Maintain OVERWEIGHT on valuation and positive outlook

–1H23 profit warning; Maintain BUY on 2H gradual recovery

Online music business maintains solid growth amid macro uncertainty

Third party expansion advances to higher-end level, maintain BUY

Strategic restructuring in the light of ongoing destocking challenges,maintain the rating of “BUY” and slash the TP to HKD 0.53/share

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

–1H23 weakness in-line; Maintain HOLD on fair valuation

China Insurance Sector: Improving fundamentals; Maintain OVERWEIGHT