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

Core business maintains a healthy growth momentum

Gen AI business maintains momentum on increased AI investment

Maintaining strong growth momentum

Yanlord：Resilient FY22 results and business model; maintain Buy

LT prospects intact; Maintain HOLD on continued margin pressure

Expansion outside Zhejiang to support GFA growth; Maintain BUY

COVID business to maintain solid growth

Solid 1H24 with balanced sources of growth, maintain BUY

FY24E target maintained but we are cautious

Solid 3Q with intact near-term prospects; Maintain BUY