【招商证券】China Banking Sector: Maintain OVERWEIGHT on valuation and positive outlook.pdf

China Insurance Sector: Improving fundamentals; Maintain OVERWEIGHT

1Q in line; 2023 guidance maintained

Solid 1H24 with balanced sources of growth, maintain BUY

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

Reverse roadshow takeaways： high demand continues, Maintain Buy

1Q23 beat on better GPM; Maintain HOLD on fair valuation

Stable 1H24 results; Maintain HOLD

COVID business to maintain solid growth

China Banking Sector-Maintain OVERWEIGHT on valuation and positive outlook

Core business maintains a healthy growth momentum