A c t i o n | 31 Oct 2024 05:19:26 ET │ 14 pages Sany Heavy Industry (600031.SS) Cost Discipline with Signs of Improving Non-Excavator in China; Buy with Higher TP CITI'S TAKE Sany delivered faster than peers YoY revenue growth in 3Q24 given its lower revenue exposure to the property-dependent machines (crane and concrete) in China and accelerating overseas revenue growth. Coupled with ongoing cost reduction effort, especially on R&D expense, Sany surprised us on the upside with its 100% YoY earnings growth ...

29 Oct 2024 15:20:29 ET │ 13 pages Macro Strategy Is Trump priced in? Updated views on our cross-asset election trades | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------- ...

on your telephone keypad. Anil Gupta, Vice President, Investor Relations, you may begin your conference. Good afternoon, and welcome to the Coinbase Third Quarter 2024 earnings call. Joining me on today's call are Brian Armstrong, co-founder and CEO, Emily Choi, President and COO, Alicia Haas, CFO, and Paul Graywall, Chief Legal Officer. I hope you've all had the opportunity to read our shareholder letter, which was published on our investor relations website earlier today. Before we get started, I'd like t ...

各位投资者大家下午好那么感谢大家在工作日的下午那么接受到我们的这样的一个线上会议那么我是开源证券房地产分析师启东那么今天我们这个会议的主题是想探讨一下那么房地产后续的直接回问那么其实随着近期一系列地产政策的推出那么应该来说市场对于地产 板块包括地震产业链是高度关注的那么近期板块也在一波快速的修复之后进入了一个震荡那么我们觉得在这个时候其实政策的关键点就在于后续的推进和落实所以我们今天也是举行这样一个电话会议来明确一下我们团队近期对板块的一个观点那么首先我们可以看一下那么应该来说从9月24号以来的话 那么各个部委包括央行以及中央政治局都对地产进行了多次的发声那么很多的政策目前来看也都在一个落地的过程中我们以这里面最重要的中央政治局会议的通稿为例那么通稿中提的几条目前来看都落地了比如说我们图中标黄的加大白名单项目的贷款投放力度那么后续其实央行有表态 投到4万亿盘活存量闲置土地我们后续的住建部在他的发布会上也提了一些关于收储和后续收储的这样的一个计划回应群众关切调整住房限购政策我们可以看到在929和930 我们四个一线城市都快速的调整了它的限购、限贷等政策虽然每个城市的调整的力度有层次不齐但是实际上方向都是一致性的 ...

好 谢谢会议助理各位投资者朋友 大家上午好我是虎岸策略研究员刘超今天的话主要是跟大家汇报一下我们对11月份市场的一个观点11月份的市场我们10月27号的时候发布了我们的11月份的月报借用我们月报里面的标题我觉得表达一下我们对市场的看法名字叫做 千帆轻过更上层楼通过这句话呢其实也能看得出来我们对呃就是11月份市场整体的态度呢其实还是相对比较乐观的呃具体的来看呢11月份呃11月份的市场的话我觉得 可能会有比较多的这种会议或者会议预期或者说一些其他的一些大的事件我觉得这些事情对11月份的市场可能会有一些影响或者说影响比较大这里边先给大家汇报一下11月份的市场大的事件方面就是海内外的会议的节点重要的会议其实都比较多主要有这么几个大事四个大事第一个就是 在11月5号的时候就是美国总统大选的截止日这个美国总统大选的截止日很有可能会在当天或者说次日的话就把整个美国大选的选举的结果可能就会公开或者说就会出来那么从目前的情况来看的话我觉得这个可能事实上应该会有一些预期就是特朗普的话 当选为美国的这个下一任总统的这个概率很大我觉得这个呢基本上目前来看是一个比较大的这种大概率的这个事件 然后特朗普总统如果说是能够当选的话那么他对我 ...

27 October 2024 | 8:22PM HKT _ Kingsoft Office (688111.SS): WPS AI new functions and longer trial period to drive adoption; 3Q24 Rev/ NI weaker-than-expected Kingsoft Office (KO) reported weaker-than-expected 3Q24 results on slower subscription business (ToC subscription +17% YoY/ ToB subscription +0%YoY), showing AI monetization and ToB business model migration take time to see effect. We expect KO 4Q24 revenues to grow 24%YoY, supported by the growing MAU (Monthly Active Users) and conversion to paying us ...

Flash | 28 Oct 2024 11:24:15 ET │ 12 pages Shenzhen Inovance Technology (300124.SZ) 3Q24 First-Take: General Automation Revenue Decline by 8% YoY CITI'S TAKE Inovance's 3Q24 results showed that its net profit reached Rmb1.24bn (- 1% YoY / -5% QoQ), similar tothe mid-point of its preliminary results. Although the earnings figure may not surprise the market on the downside, we read the 3Q24 results negatively since 1) GPM contracted by 5.3pp YoY / 0.2pp QoQ due to unfavorable product mix change – rising reven ...

_ China Restaurants Near-term recovery remains bumpy Catering growth decelerated in 3Q24 amid soft consumption sentiment, with average retail sales growth at 3% compared to 8% in 1H24, implying 115% of the pre-Covid level, which is a decline from 122% in 1H24. Entering 4Q, companies generally saw marginal improvements in National Day holiday sales thanks to the holiday effect (consumers tend to concentrate their spending during holidays/shopping festivals), healthy tourism traffic, and policy stimulus in se ...

Action | 28 Oct 2024 08:10:49 ET │ 10 pages Flat Glass (6865.HK) Removing Downside 30-Day Catalyst Watch View original report on this Catalyst Watch This Downside Catalyst Watch call, opened on 08-Oct-2024, has hit our stop-loss level of 15% and we close the call effective immediately. | --- | --- | |------------------------------|-----------| | Neutral | | | Price (28 Oct 2024 16:00:00) | HK$15.70 | | Target price | HK$13.00 | | Expected share price return | -17.2% | | Expected dividend yield | 1.0% | | Ex ...

Flash | 28 Oct 2024 18:00:52 ET │ 8 pages China Auto Manufacturers EV Orders (up to 28-Oct): Huawei, Li Auto, Leapmotor, Xiaomi, Changan Deepal Updates CITI'S TAKE According to our EV orders check with dealers, Li Auto weekly orders (21- 27 Oct) were 11k units (+1% WoW, -21% MoM vs. 23-29 Sep); Huawei Harmony orders declined to 11k units last week (-25% WoW, -48% MoM); Leapmotor secured 9k orders (-10% WoW, +57% MoM), and its 1-27 Oct orders totaled 43k units (+42% MoM); Xiaomi weekly orders were 4.5k units ...