【OC&C】higher-and-higher_winning-in-construction-materials-in-china.pdf

–Limited operational risk in the Middle East; Beneficiary of higher crude price

Third party expansion advances to higher-end level, maintain BUY

Higher consumer internet revenue contribution boosted margin

Expect higher contribution from AI revenue in 3Q; Upgrade to Buy

Expect solid 2023E earnings; Higher free float to boost valuation

India 2024 Outlook: Port of calm in a “Higher for Longer” world

Chinas_airlines_flying_higher

美联储叙事的转变：从higher到longer

9月FOMC点评：继续Higher for Longer

6月美联储议息会议点评：Higher尚未结束，Longer才刚开始