2Q21: Slipped deeper into the red■ 1H21 results missed expectations as the group slipped deeper into losses in2Q21, due to wider-than-expected losses from logistics and auto segments.■ We expect a stronger 2H21F, driven by resumption in economic activities,especially automotive segment, underpinned by extended sales tax holiday.■ We cut our FY21-23F EPS. Reiterate Hold, with a […]

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