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

–Net profit in 2Q23 +19% YoY; Higher R&D spending but still a set of good quality results

USA_ Powell Testimony Points to Higher Terminal Rate and Opens Door to Faster Hiking Pace; Raising Our Terminal Rate Forecast_230309_072445–20230312

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

Expect higher ASP following China’s stimulus

mgi_higher_energy_productivity_in_china_report

1Q23 dragged by higher investments and macro headwinds; Maintain BUY on 2H recovery

Despite higher interest rates, corporate investment flows are unlikely to dry up …

9月FOMC点评：继续Higher for Longer

11月FOMC会议点评：Higher解除，Longer开启

Higher consumer internet revenue contribution boosted margin