【招银国际】–2Q23 beat on record-high margin; Reiterate BUY.pdf

China Tutoring Sector:Tutoring names rally on STEM education policy reiteration

Reiterated guidance but we remained cautious

China Tutoring Sector - Tutoring names rally on STEM education policy reiteration

Positive on acquisition of Auto-Kabel Group; Reiterate BUY

Encouraging signs on both policy implementation and property sales, Reiterate buy

Impressive earnings recovery in 1Q23; Reiterate BUY

Fundamentals remain strong despite recent market volatility, reiterate BUY

2Q24 beat on EV GPM and resilient core earnings; Reiterate BUY