【招银国际】 Profit alert roughly in-line.pdf

Positive profit alert for FY22; eyeing for a good FY23E

Positive profit alert alleviates GPM concerns; Upgrade to BUY

1H24 profit alert points to solid 2Q results

–2Q in line with profit alert; subtle recovery ahead

Positive profit alert in 1H24E; Strong order momentum to continue into 2H24/FY25E

Positive profit alert for FY23E