【IMF】Can Fiscal Consolidation Announcements Help Anchor Inflation Expectations?.pdf

1H23 Preview: expect weakness in-line; Back-end loaded in 2H23E

Expect solid 2023E earnings; Higher free float to boost valuation

China Policy – Credit growth is expected to rebound in 2023

Unable to meet the expectation of dual engines

Expect higher contribution from AI revenue in 3Q; Upgrade to Buy

CMS Strategy Weekly: Rate expectations see upward revision

China Economy – Exports continued to beat expectations with uncertainty ahead

Expect higher ASP following China’s stimulus

Expect steady growth with policy tailwinds

3Q24 net profit +38% YoY, beat expectations; US remains the most promising market