更多资料加入知识星球:水木调研纪要 关注公众号:水木纪委 Deutsche Bank Research China Strategy *** Trend change, not just a rally 要加海外投行 Peter Milliken, CFA | (+852 ) 2203 6190 | peter.milliken@db.com October 2024 stributed on: 21/10/2 IMPORTANT RESEARCH DISCLOSURES AND ANALYST CERTIFICATIONS LOCATED IN APPENDIX 1. Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors should be aware that the firm may have a conflict of interest that could affed the objectivity of this report. Inve ...

Deutsche Bank Research 7T2se3r0Ot6kwoPa Global Economics DBDaily Date 21 October 2024 China GDP beats; equities pricing a Trump win? China GDP beats; equities pricing a Trump win? ***Webinar replay: DB's global heads of trading & strategy on top views and trades. 60 minutes, here. Phil Odonaghoe Economist +61-2-8258-1606 USA: Housing starts (Sep): Down 0.5% mom to 1.35m saar, just above mkt. UK: Retail sales (Sep): Up 0.3% mom/3.9% yoy, above mkt. JPN: CPI (Sep): Up 2.5% yoy, at mkt. CHN: GDP (Q3): Up 0.9% ...

Deutsche Bank Research 7T2se3r0Ot6kwoPa Rating Buy Asia China Consumer Autos & Auto Technology Company Fuyao Reuters Bloomberg Exchange Ticker 3606.HK 3606 HK HSI 3606 3Q results beat – Quarterly gross margin hits four-year high 3Q results beat, with quarterly gross margin hitting four-year high Exceeding market expectations, Fuyao's aggregate reported net profit for the first three quarters of 2024 increased by 33% YoY to RMB5.48bn, accounting for 80% of full-year 2024 consensus net profit estimates. In pa ...

Deutsche Bank Research 7T2se3r0Ot6kwoPa Rating Buy North America United States Health Care Pharmaceuticals / Major Company Eli Lilly and Company Reuters Bloomberg Exchange Ticker LLY.N LLY US NYS LLY 3Q24 Preview - Tirzep's Potential Miss a Blip... We think LLY prints 3Q24 Revs of $11.8B, missing BBG cons. by ~$400M, with non-GAAP EPS of $1.40/sh also falling short by 3 pennies. Despite this 3Q24 miss, we believe LLY maintains its FY24 rev guide of $45.4-$46.6B, though FY24 non-GAAP EPS guide gets updated t ...

Deutsche Bank Research 7T2se3r0Ot6kwoPa Rating Buy North America United States TMT Internet Company Meta Bloomberg META US Reuters Exchange Ticker META.OQ NAS META Meta 3Q24 Preview - Room to Run Date 17 October 2024 Forecast Change | --- | --- | |----------------------------|------------------| | | | | Price at 16 Oct 2024 (USD) | 576.79 | | | | | Price target | 650.00 | | 52-week range | 595.94 - 288.35 | Valuation & Risks Benjamin Black Research Analyst +1-212-250-9218 Lee Horowitz Research Analyst +1-21 ...

Deutsche Bank Research 7T2se3r0Ot6kwoPa Global Metals & Mining Metals & Mining Industry Metals & Mining Date 13 October 2024 Periodical RIO - Arcadium Lithium deal. China macro. Q3 previews. Latest valuations | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------| | | | | Rio - Arcadium Lithium deal - full price | Liam Fitzpatrick | | Earlier this w ...

Deutsche Bank Research 7T2se3r0Ot6kwoPa North America United States Industrials Multi - Industry & Electrical Equipment Industry DeBLASEing the Trail Much Ado About China Stimulus Date 13 October 2024 Industry Update | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------| | | | | | | | Weekly #225: Analyzing the China stimulus announcements and which MI ...

Deutsche Bank Research 7T2se3r0Ot6kwoPa Asia Japan Industrials Manufacturing Industry China Automation Market Date 10 October 2024 Industry Update Monthly tracker — Growth decelerated further in September; Views into 3Q We conduct monthly channel checks with companies, distributors and industry experts and present the latest developments of the China automation market in this monthly series. Iris Zheng, CFA Research Analyst +852-2203 5884 Order YoY growth decelerated slightly in September; New energy market ...

Deutsche Bank Research 7T2se3r0Ot6kwoPa Middle East North America Industry Tankers Industrials Shipping Date 10 October 2024 Forecast Change 3Q24 Quarterly Preview: Seasonality Roared, Rates Backed Off During the third quarter, seasonality, coupled with some more idiosyncratic factors, came roaring back, putting downward pressure on rates across the entire crude and product tanker complex. Aside from ongoing economic weakness in China, geopolitical risk is one of the most important double-edged swords that ...

Deutsche Bank Research 7T2se3r0Ot6kwoPa North America United States Industry Solar Outlook Date 7 October 2024 Industry Update Industrials Clean Technology What Matters Most to Investors + 3Q24 Print Snapshots Watch Out for November 6: All Eyes on the US Presidential Elections; A Pivotal Moment for Sentiment In this note, we provide a sector update with key topics that matter most to investors. We also include our snapshots going into 3Q24 earnings for companies under coverage. As a reminder - On Wednesday ...