【招银国际】Solid 1H24 earnings, better NEV outlook.pdf

–Better margin outlook, with Bigo to bottom out

Better profits achieved across 3 business lines

Better margins despite cautious sales growth

–Better-than-feared 3Q results

Hopson： weaker but much better than peers FY22

–3Q23 earnings beat on better product mix and record-high GPM

1Q23 beat on better GPM; Maintain HOLD on fair valuation

Bounce back better: Four keys to disaster resilience in US communities

Leveraging Trade for More and Better Jobs

拜登《Build Back Better》法案有望加速落地，美国电车市场或将爆发