Bullish on earnings upside Weekly highlight: Chengdu & Hangzhou show initial improvement after removal of purchase restrictions Fixed Income Daily Market Update Morning Brief Morning Brief Inline 1Q24 results; upbeat on game revenue growth reacceleration in 2H24E Revitalizing business model; intact breakeven target Eyeing on the pace of fundamental recovery post sentiment rebound 电商竞争缓和，游戏业务复苏，上调至“买入”评级 利润持续改善，加大股东回报