【卡内基国际和平基金会】Operation Aspides, or the Peril of Low Expectations in Yemen.pdf

1H23E preview： Expect profit decline on weak coal price

Turnaround is here but weaker than expected

Expect domestic business to rebound from 2025

Expect a year of mild recovery in FY23

Expecting a solid 1H23

Expecting an upbeat bottom line for 2Q results

Can Fiscal Consolidation Announcements Help Anchor Inflation Expectations?

GAC Group (2238 HK) We expect 4Q22 NP to fall on equity income

–Expecting a sequential recovery in 4Q

–Expect steady 3Q23 despite macro uncertainty