【招银国际】Core educational business sustained strong momentum.pdf

Inline 3Q23 results; strong music subscription revenue growth

Avnet Inc.:Strong execution offset by early signs of a cyclical downturn; FY2Q EPSrecap

–3Q23 earnings beat on strong operating leverage and business innovation

China Consumer Sector – Strong recovery and sustainability during CNY

Technology: AI Server and AI PC/smartphone supply chain set to continue strong momentum into 1H24E

China Auto Sector – Strong June provides more confidence for 2H23

Expect strong sales in 2023 driven by the US approval of zanubrutinib in CLL

–International expansion drove a strong beat for 3Q results

China Consumer Sector: Strong recovery and sustainability during CNY

Strong and sustainable non-COVID growth