【招银国际】–1H23 weakness in-line; Lower TP on slower demand recovery.pdf

1H24 preview： margin weakness priced in; expect gradual ASP/margin recovery in 2H

Apple FY1Q23 miss on macro and supply chain issues; Expect weakness to persist in near term

China’s Economy Weekly：Economy Showed Signs of Weak Stabilization, Growth Stabilizing Policies Accelerate

拓普集团（601689）：Client Production and Sales Weak in 1Q25, Robotics Line Robust

【Sector Research】China Property Sector–NBS Jun data： weak as expected, a tough 3Q ahead

China Economy: Credit weakness awaiting policy support

China Property Sector–NBS Oct data in line, Nov-Dec may continue to be weak on low buying sentiment

China Macro Monitor – Growth momentum remained weak

–Weak revenue growth in the price; overseas growth story still intact

Proxy of China’s consumption-led recovery; buying into any weakness for the next recovery wave