05 Nov 2024 12:36:05 ET │ 11 pages Flash | Xinyi Solar (0968.HK) What's New from 2024 Citi China Conference: Loss on Solar Glass to Persist in Next 5 Months CITI'S TAKE We met with the CFO of Xinyi Solar ("XYS") at Citi China Conference today. Key takeaways include: (i) XYS is loss-making from solar glass sales at current prices and its profitability could further deteriorate with winter gas price hike; (ii) solar glass price is unlikely to increase in near term during off-season of solar demand; (iii) sola ...

Flash | CITI'S TAKE Mindray's IR Specialist, Aaron Qian, and IR Manager, Selena Yang, attended the 2024 Citi China Conference on November 7. They answered questions regarding the impact from potential US tariff shifts and 4Q24/FY25E guidance. Below, we summarize the key takeaways. Buy Price (07 Nov 24 15:00) Rmb281.190 Target price Rmb385.000 Expected share price return 36.9% Expected dividend yield 2.4% Expected total return 39.3% Market Cap Rmb340,926M US$47,494M 07 Nov 2024 11:12:14 ET │ 10 pages Shenzhe ...

China Transportation: Airlines Downward pressure in 4Q24 with larger airfare pullback; policy stimulus and FX fluctuations remain focus 7 November 2024 | 10:06PM HKT Asia Leisure Insights into Casinos, Airlines, Duty Free, Hainan, Hotels, OTA & the Rise of Leisure Herbert Lu +852-2978-0726 | herbert.lu@gs.com Goldman Sachs (Asia) L.L.C. Simon Cheung, CFA +852-2978-6102 | simon.cheung@gs.com Goldman Sachs (Asia) L.L.C. Dorothy Wong +852-2978-1879 | dorothy.wong@gs.com Goldman Sachs (Asia) L.L.C. Chinese airl ...

07 Nov 2024 09:01:18 ET │ 9 pages Global Flights Tracker Global flights down: China and Europe flat, US falls | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Flash | CITI'S TAKE CTG Duty Free attended Citi's China Conference. The decline in Hainan duty free sales has tended to narrow recently, but has yet to see material improvement. Short-term pressure remains amid weak consumption sentiment. Increased promotion is expected in peak season to drive top line, which is likely to pressure the gross margin in 4Q24E. Inventory remains at healthy level. Buy Price (06 Nov 24 15:00) Rmb72.650 Target price Rmb79.000 Expected share price return 8.7% Expected dividend yiel ...

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06 Nov 2024 07:38:57 ET │ 15 pages Global Macro Strategy What to Chase? CITI'S TAKE In line with market sentiment, former president Trump has been re-elected. Republicans are likely controlling the Senate and have the odds for controlling the House in their favor. While residual positioning in markets is likely pro-Trump already, we add some Trump trades, given that there likely has been recent position-squaring. In equities, we remain long SPX, and add a SPX/EuroStoxx trade on tariff threats. In rates, the ...

Flash | Buy Price (06 Nov 24 16:10) HK$33.70 Target price HK$41.40 Expected share price return 22.8% Expected dividend yield 7.4% Expected total return 30.2% Market Cap HK$669,569M US$86,143M 06 Nov 2024 10:31:52 ET │ 10 pages China Shenhua Energy (1088.HK) What's New from 2024 Citi China Conference: Unit Cost of Coal Slightly Higher YoY in 2024E CITI'S TAKE We hosted 2024 Citi China Conference and met with Shenhua on Nov 6. Mr. Zhuang Yuan, Securities Affairs Representative, presented at the meeting. The p ...

Roundup | Citi China Investor Conference 2024 Day 1 & 2 Takeaways Macro | Industries | Companies The Citi China Investor Conference 2024 is being held 5-8 November in Shenzhen and Macau. We highlight key takeaways from Days 1 & 2. Macro China Economics - What's New from 2024 Citi China Conference: China Economic and Policy Outlook 2025 We hosted Dr. Zhu Baoliang, former Chief Economist of the State Information Center under the NDRC at Citi's China Investor Conference. Dr. Zhu shared his view on China's rece ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 4 November 2024 | 9:11AM HKT 更多一手调研纪要和海外投行报告加V：shuinu9870 2131d4eaf4cb4d50b1d51c8af07b64b4 China Spirits Tracker: Moutai and Wuliangye shipment suspension to stabilize prices from Nov, Feitian back to Rmb2,270/bottle Moutai Sales Company announced on Nov 1 that the company will suspend shipments of its Nov quota in some regions for all SKUs from Nov 1; according to our channel checks, the date to resume shipments yet to be determined. Wuliangye also announced a similar shipment ...