Executive summary: Tough times but will get better 2
Revising earnings forecasts/index targets, target valuation multiple unchanged 3
Sector preference revisions: Looking for stable growth amid earnings downside risks 13
Key Issue: Impact of share reductions 24
Disclosure Appendix 33
2012-06-27_高盛高华_A-Share 2H2012 Strategy: Tough times near term but medium-.pdf
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