Morning Notes Low market expectation after 3Q21 results; Electric products and export to serve as medium term drivers Softening demand and operating deleverage Moving into 4Q21E games rebound Acquisition of First Services will generate earnings boost of 12% in 2021E Industry headwinds to persist into 4Q; D/G to HOLD Long-term positive view unchanged with non-mobile CIS to power future growth Strong 3Q results; Cost pressure remains Raised full-year guidance post strong quarterly results 每日港股简评