China Property Fatigue about easing expectation
Apple FY1Q23 miss on macro and supply chain issues; Expect weakness to persist in near term
China Property Sector – NBS 2M23 data: Strong as expected
China Property Sector: NBS Aug data in-line, expect better recovery in SepOct but sustainability is uncertain
Semi: Global foundry sector stabilizing in 2024, modest recovery expected in 2025; initiate Hua Hong w/BUY
China Property Sector – Property+ Weekly: Can we expect post-CNY recovery?
We expect prudent guidance but decent margins
2Q loss reduction trend better than expectation
–2Q23 preview: expecting strong recovery ahead
U.S. Inflation Expectations During the Pandemic