【招银国际证券】Kuaishou (1024 HK) Solid 4Q22E with better margin outlook.pdf

1Q23 beat on better GPM; Maintain HOLD on fair valuation

FY22 results below; GPM recovery on better product mix

China Property Sector–NBS Aug data in-line, expect better recovery in Sep-Oct but sustainability is uncertain

Building Better Formal Tvet Systems

Better margins despite cautious sales growth

Better Results through Learning and Adaptation for a Better World Bank Group

–Better margin outlook, with Bigo to bottom out

Do More Informed Citizens Make Better Climate Policy Decisions?

No, Reviving the Robinson-Patman Act Will Not Lead to More Competition or a Better Economy

–3Q23 earnings beat on better product mix and record-high GPM