Near term challenges should fade into gradual recovery
China Economy: Deflation may gradually alleviate after credit loosening
1Q23 results beat and gradual recovery is likely
China Economy: Economy further weakens with gradual policy easing ahead
China Economy – Economy further weakens with gradual policy easing ahead
1Q23 results beat and expect gradual recovery
Gradually back on the right track
–1H23 profit warning; Maintain BUY on 2H gradual recovery
1H24 preview: margin weakness priced in; expect gradual ASP/margin recovery in 2H
China Internet: China online advertising: onset for gradual recovery in 2023E