【招银国际】Mr. Yeung’s retirement not a surprise.pdf

2Q23E will be another market surprise

–1H23 earnings beat with surprise in dividend

–1H core rev／np +3%／10%; a surprising beat

Let Onewo Town Surprise you

Earnings beat with double surprises on dividend payout; Maintain Buy

Big surprise on 2023E earnings; TP raised

Unpleasant Surprises? Elections and Tax News Shocks