21 October 2024 | 8:39PM BST | --- | --- | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

更多资料加入知识星球：水木调研纪委 关注公众号： 永木纪委 Morgan Stanley | RESEARCH October 21, 2024 08:21 AM GMT Investor Presentation │ Asia Pacific China Autos Overview 955一手调研究参加海外技行所报数据加V： shuinu9870 1 - Tim Hsiao Equity Agaly - Tim Hsraogimorganstanley.com +852 2848-1982 Cindy Huang Equity Analyst Cindy.Huang@morganstanley.com +852 3963-3568 Stanley Wang Research Associate Stanley.Wang@morganstanley.com Shelley Wang, CFA Equity Analyst Shelley.Wang@morganstanley.com +852 2848-7382 +852 3963-0047 Joey Xu, CFA Equity Analyst Joey. ...

21 October 2024 | 3:42PM HKT 公众号: 永木纪要 China: Consumer Dashboard 2024Q3: Consumption growth slowed and consumer confidence deteriorated | --- | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

21 October 2024 | 10:55PM EDT as the market was still eyeing Israel's retaliation as it stepped up its attacks in Lebanon over the weekend amidst a reported takeoff in US-moderated ceasefire 童 狗 negotiations. 1987V ്ലയ്ക് trackable net supply tightened by 0.1mb/d week-over week as sequential ncreases in our demand estimates for China (which was revised significantly higher) and Europe (but below our September expectation) modestly outweighed a sequential increase in our Canada liquids production nowcast. Ou ...

公众号: 永木纪要 Our preferred FX flow measure therefore suggests US$64bn net FX inflows in September, in comparison with US$9bn net FX inflows in August (Exhibit 1). 22 October 2024 | 7:55PM HKT China: SAFE data suggest strong FX inflows in September | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------| | | | ...

众众号:水木纪要 24 October 2024 | 6:25PM EDT Americas Energy: Oil: Amid Macro Volatility, What Are We Focused on Into Earnings for the US Super Majors? In this note, we update estimates for US Super Majors (XOM, CVX, COP) ahead of 3Q24 earnings results where we mark to market commodity prices for the quarter. While we remain mindful of the current oil macro backdrop, we reiterate our relative reference for Buy-rated COP and CVX, where we see 23% and 15% total regturn to our updated price targets (respectively). Fo ...

24 October 2024 | 11:23AM EDT 众号:水木纪要 | --- | --- | --- | --- | |-------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------| | | | Commodity Insights The Boost From China Stimulus | | | | | As our China economists have upgraded the 2025 GDP level forecast by 0.6% following stimu ...

众号: 永木纪要 18 October 2024 | 1:05PM HKT China: 70-city average property price decline accelerated in September | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------| | | | | Bottom line: The National Bureau of Statistics' 70-city house price data suggests the weighted | | | average property price in the ...

关注公众号: 永木纪要 25 October 2024 | 12:41AM HKT Proya Cosmetics (603605.ss) Earnings review: 3Q24 Sales/NI inline but lower OP on ROI pressure; Lower 4Q outlook reflecting disciplined Double 11 Mof 603605.SS 12m Price Target: Rmb107.50 Price: Rmb99.00 Upside: 8.6% Proya reported 3Q24 revenue/NI growth of 21%/21% yoy, in line, a with market consensus, but same as previous two quarters; OP came in 13% below with a 4.7ppt contraction in GPM-Selling expenses ratio due to elevated ROI pressure including increasing KOL ...

主公众号: 永木纪要 21 October 2024 | 9:15PM HKT Miniso (MNSO): 3Q24 Preview: Solid overseas with strong rebound in distributor markets though China sales weaker; Buy | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...