Maintaining strong growth momentum
–3Q23 earnings surged 120-200% YoY; Strong gas trucks sales continue to be key driver
China Technology Sector – Apple FY2Q23 beat on strong iPhone and EM; Positive on resilient performance amid headwinds
–1H23E Preview: strong growth despite industry headwinds; expect back-loaded in 2H23E
Reaccelerate on strong pipeline in FY23E
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Avnet Inc.:Strong execution offset by early signs of a cyclical downturn; FY2Q EPSrecap
China Property Sector – NBS 2M23 data: Strong as expected
China Property Sector:NBS Sep data: gloomy as expected, no strong rebound, only mild recovery in 4Q in our view
Acceptable short-term setbacks can be absorbed by strong core business