【招银国际】Expect $3.5bn CB dilutive effect to be short-term.pdf

Can Fiscal Consolidation Announcements Help Anchor Inflation Expectations?

Expect a profit turnaround in 2023E

PMI beat expectations as economy continues to recover

–Expecting a sequential recovery in 4Q

ESOP targets stabilize earnings expectation but sentiment overhang remains

–1H23E Preview： strong growth despite industry headwinds; expect back-loaded in 2H23E

–Expecting upbeat margin on better ARM

Expect an unexciting set of results in 1Q24E, potential recovery in 2H24E

what-can-we-expect-in-china-in-2019

1Q23 results beat and expect gradual recovery