USA_ Powell Testimony Points to Higher Terminal Rate and Opens Door to Faster Hiking Pace; Raising Our Terminal Rate Forecast_230309_072445–20230312
Gearing up for new growth cycle; Raise TP to HK$72.52
Atour Lifestyle (ATAT US)—Guidance raised and we stay positive in LT
Upbeat 3-year guidance reaffirmed our positive view; Raise TP to HK$4.38
Share pressure overdone; Raise estimates for stronger AirPods/AI server upside
Saving Lives While Raising Revenue
Big surprise on 2023E earnings; TP raised
FY22 Preview: Strong execution of “3+3 Strategy”; Raise TP to HK$2.66
China Property Sector – Feb sales a strong beat; Raise 2023 forecast
Multiple growth drivers and improving margin to continue into 2025; Raise TP to HK$53.48