【招银国际】 Expect sustainable DPS growth onwards.pdf

what-can-we-expect-in-china-in-2017

We expect 2H22E net profit to fall 23% YoY

what-can-we-expect-in-china-in-2019

China Policy – Credit growth is expected to rebound in 2023

Expect strong growth to continue after the impressive 1H23; U／G to BUY

1H23 Preview: expect weakness in-line; Back-end loaded in 2H23E

3Q24 net profit +38% YoY, beat expectations; US remains the most promising market

Expect an improving trend after a weak 1Q24

Expect steady growth with policy tailwinds

Property: NBS 4M24: REI continued weakening as expected; BJ’s relaxation showed noticeable effect