Expansion outside Zhejiang to support GFA growth; Maintain BUY
Stable 1H24 results; Maintain HOLD
China Banking Sector: Maintain OVERWEIGHT on valuation and positive outlook
Core business maintains a healthy growth momentum
Online music business maintains solid growth amid macro uncertainty
Third party expansion advances to higher-end level, maintain BUY
Capital Goods: Turning cautious on export market; D/G Sinotruk to HOLD; Maintain BUY on Weichai
4Q22 Preview: earnings recovery remains bumpy; Maintain HOLD
Determined to maintain local consumer services industry consumer mind share
–1H23 profit warning; Maintain BUY on 2H gradual recovery