India Equity Strategy Equity Strategy & India Five: Worries about earnings remain, even after the recent rally Sentiment has improved, significantly. Indian markets are well placed amidst global uncertainty and trade tensions. As per our proprietary positioning data, Asia and GEM funds have started to rebuild positions in India (that is, cut their underweights), but global investors are still cautious. A weaker dollar and softer inflation suggest the foreign inflows can persist in coming months. Domestic su ...

China Macro Tracker Economics How severe has the hit from trade tariffs been and will it improve? May trade data showed a deeper fall in China's exports to the US despite the reciprocal tariff pause, driven by factors such as timing, inventory digestion and shipment availability (China trade, 9 June). However, high-frequency data showed that China's container exports to the US have started to rebound since end-May, moving closer to the pre-tariff average levels in early June (Chart 21). This suggests we may ...

Vietnam at a glance Economics The importance of diversification Diversification is key Amid significant trade turbulence imposed by the US, it is imperative for trade-reliant countries to think about diversification. Vietnam is no exception, particularly since it has the heaviest trade exposure to the US market in ASEAN. Alas, it is not easy in the near term, as the US alone accounts for 30% of its exports, though Vietnam has wasted no time to engage with other trading partners in finding new opportunities. ...

Anadolu Group Holding (AGHOL) is a consumer conglomerate, based out of Türkiye. The group's core fundamental performance (sales, EBITDA, dividends) is driven by beer (Anadolu Efes), soft drinks (Coca Cola Icecek) and food retail (Migros) businesses, all of which are key listed Turkish consumer companies with strong execution track records and attractive growth prospects, in our view. The company also has operations in automotive, agriculture, energy and industries sectors. Solid growth execution by group co ...

InterGlobe Aviation (INDIGO IN) Buy: Healthy strategy set to get winner's crown Plausible network strategy: Indigo continues to expand its domestic network, especially new tier 2/3 routes, a strategy followed by many successful airlines. Although it could take some time for these routes to develop, it will allow Indigo to avoid having significant exposure to competitive lower-yielding routes and will expand skies for it to profitably deploy capacity. According to the current schedule, the top 15 domestic ro ...

30 May 2025 亚洲股票与利率网络直播： HIBOR持续下跌 - 对港元资产的冲击 股票与利率 香港 2025年6月2日，星期一 | 上午9:00 英国夏令时 (UKT) / 下午4:00 中国香港时间 (HKT) 讨论主题 ◆ HIBOR处于三年低点附近，投资者想知道这对香港股市意味着什么。 ◆ 关键问题在于本地流动性强劲，这支撑了香港股市，即使HIBOR上升也是 如此。 发言人 报告 | 飞行荷兰人：香港股市：如何利用较低的HIBOR获利 | | --- | | , 2025年5月30日 | | BOCHK Holdings (2388 HK): 买入：尽管HIBOR下降，但仍具韧性 | | , 28 May 2026 | | 港币汇率：为什么波动应该是暂时的 | | , 2025年5月13日 | | Sino Land (83 HK): 评级下调至持有：盈利压力不断增长 | | , 28 May 2025 | | 香港房地产：基础更加稳固。 | | , 22 May 2025 | | 香港房地产：日益增长的韧性 | | , 8 May 2025 | | 香港金融业：充满活力的资本市场仍然是主要催 ...

MENAT Real Estate Trends (April) Tokenised Real Estate - Investment in Dubai property to start from as low as AED2,000 Dubai Land Department has launched its pilot phase of a tokenised real estate platform with investments starting from AED2,000. Through the Prypco mint platform, investors can own a share of real estate projects in Dubai (purchasing tokenised shares in ready-to-move properties) and generate returns from it. Currently it is exclusive for UAE Emirates ID holders but in later phases it will be ...

Marketing feedback: Building rapport China Nodding along. Interest in the China property sector has continued to build solid traction. We find rising interest from large onshore and offshore insurance funds that we felt were missing in action recently. In contrast to the past, when our positive view was met with resistance, clients are now seeking more external validation that their agreement with our view is well-founded. Although there appears to be a general sense of agreement, investors are still not ov ...

The Flying Dutchman Equity Strategy Japan: JPY, corporate reform, earnings, local investors Down, back up, and what now? Japanese equities have rallied 20% since the sharp fall following what the US administration called "Liberation Day" on 2 April. The recovery has been led by foreign investors, who have bought a net USD17bn of Japan stocks since then. The market is now back to the range it has traded in since April 2024. After examining the major drivers, we see limited further upside in the short term. W ...

C&D International (1908 HK) Buy: Reaping the benefits from Xiamen's "goldilocks" conditions Catching alpha. For investors seeking alpha in the property sector, C&D has more than just a youthful landbank and compelling margin recovery (Buy: From a hidden gem to a standout, 17 April). Its unique Xiamen exposure is poised to drive the next leg of its re-rating, as the city demonstrates "goldilocks" conditions - sales volumes are increasing, inventory is declining and new home prices are stabilizing. Recall tha ...