【招银国际】–Positive on shipment recovery and upgrade trend; Maintain Hold on fair valuation.pdf

Positive on shipment recovery and capacity expansion in 2H23E

–1H23 preview：Better ASP to offset shipment weakness; Focus on demand recovery in 2H23E

China Technology - 4Q22 global smartphone shipment down 18% YoY; Continue to prefer non-smartphone plays

【Sector Research】China Technology–2Q23 global smartphone shipment decline narrowed; Apple／OPPO／Transsion gained share