May NEV likely to hit second highest in history
BYD Company (1211 HK) 4Q22 beat; FY23E margins likely overestimated
The Digital Inclusion Outlook: What It Looks Like and Where It’s Lacking
This is likely a rocky-road turnaround
China Auto Sector – May NEV likely to hit second highest in history
Attractive valuation with likely resilient earnings
Too early to call for a turnaround but ESOP target is likely hit as a low hanging fruit; Down to HOLD
Operational challenges remain; but China regulatory risk to sentiment likely settled
4Q22 beat; FY23E margins likely overestimated