【招银国际】Short-term headwind continues.pdf

cRPO growth moderating on macro headwind

Macro headwinds weighed on growth; loss reduction on track

Resilient FY22／1H23 despite industry headwinds

Short -term headwind doesn’t change the long-term story

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

Solid 1H24 against industry headwinds

Bracing for Headwinds – How APAC Challenger Banks Can Navigate Disruption in 2023

Headwinds in 4Q24 in both China & export;Eyes on policy-driven recovery in 2025

–Short-term headwind, but bottoming out is in sight

–Headwinds endure