【招银国际】China Property Sector：NBS Sep data： gloomy as expected, no strong rebound, only mild recovery in 4Q in our view.pdf

China Technology Sector:Apple FY2Q23 beat on strong iPhone and EM; Positive on resilient performance amid headwinds

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

A strong comeback in all channels since Mar

Positive profit alert in 1H24E; Strong order momentum to continue into 2H24/FY25E

Strong 2Q guidance points to a robust 1H23

Reaccelerate on strong pipeline in FY23E

grocer-150_2009_only-the-strong-thrive

1Q24 beat on strong margins; Positive on upbeat SU7 delivery target

Moving into 3Q23E strong pipeline

–3Q23 earnings surged 120-200% YoY; Strong gas trucks sales continue to be key driver