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

Determined to maintain local consumer services industry consumer mind share

Core business maintains a healthy growth momentum

Non-COVID business to maintain solid growth

Stable 1H24 results; Maintain HOLD

4Q22 Preview： earnings recovery remains bumpy; Maintain HOLD

Yanlord：Resilient FY22 results and business model; maintain Buy

China Insurance Sector-Improving fundamentals; Maintain OVERWEIGHT

–1H23 profit warning; Maintain BUY on 2H gradual recovery

Online music business maintains solid growth amid macro uncertainty

China Banking Sector-Maintain OVERWEIGHT on valuation and positive outlook