【招银国际】Headwinds in 4Q24 in both China & export;Eyes on policy-driven recovery in 2025.pdf

–2Q rev／np +1%／3%; all eyes on cost savings

Eyes on monetization potential and margin improvement trajectory

All eyes on 4Q24E for the room of re-rating

–Eye on upcoming launch of Twist of the Fate

An Eye on Methane: International Methane Emissions Observatory 2023 Report

Eyes on post-COVID business recovery

–Eyes on the FDA approval of fruquintinib in Nov

China Technology–Global fabless／IDM 2Q23 wrap： expect continued inventory correction for non-AI players; All eyes on NVDA 3Q23E guidance

–Eye on GAP revitalization & livestreaming ecommerce expansion

Eyeing on the pace of fundamental recovery post sentiment rebound