【招银国际】Capital Goods: Who are buying/selling the sector?.pdf

Positive on acquisition of Auto-Kabel Group; Reiterate BUY

Morgan Stanley-Thematics What to Buy Sell-110041889

Policy speculation + favourable data release = stock uptrend with volatility; Suggest buying the dip

欧洲品牌消费品奢侈品2023年增长前景+6%;历峰(Richemont) (CL-Buy);爱马仕出售

Chinese TMT： Buy XIAOMI 0’27, XIAOMI 30-31s, MEITUA 0’27 and PDD 0’25

More visible path to achieve profitability; U/G to BUY

3QFY23 margin beat on cost control; Upgrade to BUY

–Clear path to margin recovery; Upgrade to BUY

Capital Goods: Turning cautious on export market; D/G Sinotruk to HOLD; Maintain BUY on Weichai

Yanlord：Resilient FY22 results and business model; maintain Buy