【招银国际】 Mid-teen top-line growth and a 90% dividend payout sustain the valuation premium over peers.pdf

–Positive on shipment recovery and upgrade trend; Maintain Hold on fair valuation

China Banking Sector-Maintain OVERWEIGHT on valuation and positive outlook

Lifting TP on adding major R&D valuation

–1H23 weakness in-line; Maintain HOLD on fair valuation

Improving CNY sales; Stay Neutral on demanding valuation

Biodiversity valuation

银河娱乐 Valuation Rerating

Expect solid 2023E earnings; Higher free float to boost valuation

After-sales as earnings driver amid low valuation

Solid margin and attractive valuation; wait for top-line recovery