1Q23 dragged by higher investments and macro headwinds; Maintain BUY on 2H recovery
单季营收创新高,2H价格有望企稳
1H23微棱镜前置投入短期影响利润,看好2H业绩贡献
腾讯控股2Q22收益回顾和NDR要点:利润节拍 将广告货币化杠杆拉入 2H,游戏管道解锁
上半年需求低迷,2H环比有望改善
2023年中报点评:出货量增速亮眼,2H盈利趋稳
1H24 preview: margin weakness priced in; expect gradual ASP/margin recovery in 2H
政策冲击已出清,REITs为2H看点
1H业绩回落,2H盈利有望环比改善
陌陌:直播变现超预期;2H加大营销获客