Leveraging Trade for More and Better Jobs
1Q23 beat on better GPM; Maintain HOLD on fair valuation
1Q results pointed to a better full-year earnings growth outlook
Solid 1Q24 with better 2H24 earnings ahead
拜登《Build Back Better》法案有望加速落地,美国电车市场或将爆发
China Property Sector–NBS Aug data in-line, expect better recovery in Sep-Oct but sustainability is uncertain
Better 2H23 and FY24 as Mexico to turn profitable
1H24 earnings down 27% YoY below our expectation; expect a better 2H24E
–Better-than-feared 3Q results
Better profits achieved across 3 business lines