【招商证券】 FY22 net margins better than expected.pdf

Better margin improvement ahead

FY22 results below; GPM recovery on better product mix

Providing Better Price Signals Through Fuel Taxation

Hopson： weaker but much better than peers FY22

Global Data Watch I got a supply-side thats better than tha...-103746878

–1H23 preview：Better ASP to offset shipment weakness; Focus on demand recovery in 2H23E

China Sportswear Sector - Distributor‘s Jan sales flat yoy; we believe market performed better

Solid 1Q24 with better 2H24 earnings ahead

Making Procurement Work Better – An Evaluation of the World Bank’s Procurement System

–Expecting upbeat margin on better ARM