【西牛证券】Short -term headwind doesn’t change the long-term story.pdf

2022 preview： Continuing to enhance long-term growth logic

Soft consumption weighs on demand for high-ASP businesses; intact long-term outlook

Managing Trade Terms to increase commercial performance in OTC

Weather short-term headwinds in 2Q24; eyes on 2H24E recovery

Rosy near-term outlook with border re-opening; store efficiency enhancement a multi-year driver

Easing policies may boost trading sentiment in short term

Nowcasting and Near-Term Forecasting Cambodia’s Economy

Health and Long-Term Care Needs in a Context of Rapid Population Aging

We see long-term value but short-term risks

1H below us; near-term recovery could just be wishful thinking