11 October 2024 | 1:23PM EDT Energy, Utilities & Mining Pulse: Investors Asking: What Stands Out During Earnings Preview Season? | --- | |------------------------------------------------------------------------------| | | | Neil Mehta +1(212)357-4042 \| neil.mehta@gs.com Goldman Sachs & Co. LLC | | Brian Lee, CFA +1(917)343-3110 \| brian.k.lee@gs.com Goldman Sachs & Co. LLC | | John Mackay +1(212)357-5379 \| john.mackay@gs.com | | Goldman Sachs & Co. LLC Carly Davenport | | +1(212)357-1914 \| carly.davenpor ...

11 October 2024 | 10:20AM EDT Weekly Fund Flows Chasing Mainland China Global fund flows, week ending October 9 n Flows into mutual funds and related investment products showed very strong demand for equities, driven by mainland China, and robust demand for bonds. n Net flows into global equity funds were very strong in the week ending October 9 (+$40bn vs +$5bn in the previous week). The inflows were led by very large inflows into mainland China equity funds, at over 6% of total AUM. The inflows continue t ...

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10 October 2024 | 6:29PM BST Ferrous Tracker: Rising Steel Margins Boost Iron Ore Consumption, But Iron Ore Prices Likely To Fall Unless End Demand Increases n The iron ore price has retreated 5% from Monday's (7 October) three-month high, with the 62%Fe benchmark index now at $104/t. This is still 17% higher than before China announced monetary stimulus on September 24. n Iron ore fundamentals have tightened in recent weeks with a 6% increase in iron ore consumption since the end of August as mills ramp up ...

11 October 2024 | 6:51PM JST Japan Consumer Products: Feedback from visits with Asian investors We met with over 30 institutional investors from Hong Kong and Singapore over five days from October 7-11. Among individual stocks, we noted relatively strong interest in Asahi Group (Buy), Suntory Beverage & Food (SBF, Buy, on APAC Conviction List), Ajinomoto (Buy), two instant noodle makers (Toyo Suisan/Nissin Foods Holdings, both Buy), Yamazaki Baking (Buy), Kikkoman (Neutral), Shiseido (Neutral), Kao (Neutral ...

10 October 2024 | 2:15PM CST _ China Automobiles: Takeaways from expert call: 53% order increase at major NEV brands during Golden Week Holiday | --- | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

8 October 2024 | 6:08PM CST revenue recognition will likely accelerate per mgmt as ocean freight congestion eases) and we forecast +28% yoy revenue into 2H24E. Shenzhen Inovance Technology Co. (300124.SZ): Sept IA orders slightly down yoy/up mom | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---- ...

10 October 2024 | 11:08PM HKT _ China Cosmetics: Double 11 pulse check: Expert call takeaways: Expect steady growth of tapering competition and easing cost On Oct 10, we invited a cosmetics expert specializing in providing e-com solutions for beauty brands in China to share some of the latest updates on the industry, especially the Double 11 Shopping Festival that starts from Oct 8 til Nov 11 which could account for 60%+ of 4Q online GMV or 20% of full year per historical average. We summarize the key highl ...

10 October 2024 | 1:35AM HKT NAURA (002371.SZ): Long-term demand solid; 3Q Rev/ NI up 31% / 36% YoY; Buy We are positive on Naura's long-term growth potential, driven by the strong expansion of China foundries and IDMs for domestic capacities. According to our latest forecast, China's Semis capex will grow to US$36bn / US$40bn / US$42bn in 2024E / 2025E / 2026E, further increasing from the high base of US$30bn in 2023 (read more in our report). As the domestic SPE leader, we expect Naura's competitive produ ...

8 October 2024 | 3:58PM HKT | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|--------------------------------------------------------------------------------|-------|-------|------------------------------|-------| | | Angel Yeast (600298.SS) 3Q24 preview: Sales on rebound despite logi ...