【招银国际】Yanlord: Weak 1H24 results but manageable liquidity.pdf

Expect an improving trend after a weak 1Q24

1H23E preview： Expect profit decline on weak coal price

Weak 1Q23 as expected; Expect multiple drivers from iPhone／CPU socket／400G／EV in 2H23E

China Economy: Weak inflation points to easing policy stance ahead

China Property Sector – Property+ Weekly： Weak construction resumption rate dragged by property

Semi–China CIS sector–Solid auto CIS growth offset by weak mobile CIS demand

China Economy – Weak PMIs confirm downside pressure for growth

China EconomyGrowth momentum remained weak

China Economy: Weak exports support further policy easing

China Economy – Growth slows sharply as confidence remains weak