【招银国际】1H23 Preview: weak revenue amid industry headwinds; expect smartphone recovery in 2H23E.pdf

Is High Debt Constraining Monetary Policy? Evidence from Inflation Expectations

China Policy:Credit growth is expected to rebound in 2023

A-Share Market Strategy Weekly: Market Expectations Going Up

China Property Sector – NBS 2M23 data： Strong as expected

Sales exceeding expectations and achieving non-GAAP profitability

Expect solid 2023E earnings; Higher free float to boost valuation

China Property Sector–NBS Aug data in-line, expect better recovery in Sep-Oct but sustainability is uncertain

TSF & CPI Missed Expectations,Property Demand Weakened

We expect 1H24 to be still profitable

1H24 preview： margin weakness priced in; expect gradual ASP/margin recovery in 2H