【招银国际】Yanlord: Weak 1H24 results but manageable liquidity.pdf

–1H23 weakness amid industry headwinds; Positive on margin recovery in 2H23／FY24E

China Economy – Weak exports support further policy easing

-香港--HKEX -388 HK- Resilient performance in weak market-221019

【Economic Perspectives】China Economy–Weak growth calls for additional policy easing

China Economy: Weak exports support further policy easing

Capital Goods: Construction machinery sales in Sep: Decent export growth; weak demand in China

Weak 2H22 as expected; IoT／auto CCM poised to drive recovery in 2023

China Economy – Inflation is too low as demand remains weak

China Economy: Deflation mildly alleviated while consumer demand remained weak

1H23 Preview: weak revenue amid industry headwinds; expect smartphone recovery in 2H23E