COVID business to maintain solid growth
–1H23 profit warning worse than feared; Maintain Hold
China Policy – Politburo maintains pro-growth stance while ruling out big stimulus
Maintaining conservative outlook
Reverse roadshow takeaways: high demand continues, Maintain Buy
–1H23 profit warning; Maintain BUY on 2H gradual recovery
1Q in line; 2023 guidance maintained
Positive outlook; Maintain BUY
Maintaining strong growth momentum
4Q22 Preview: earnings recovery remains bumpy; Maintain HOLD