20 September 2024 Asia Commercial Real Estate Equities Real Estate Why we are bullish on India office Asia ◆ We are bullish on India's fast-growing office market, and there are no signs of an asset bubble forming ◆ The value of Singapore's office market will soon be worth more than HK's, which may be in the last phase of correction; in mainland China, office yield spreads are at a decade high ◆ Our preferred stocks are Buy-rated Embassy Office Park REIT, Brookfield India REIT, CICT and Swire Properties Don' ...

ab 20 September 2024 Global Research and Evidence Lab | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

ab 20 September 2024 Global Research and Evidence Lab YES Powered by UBS Evidence Lab China Railway Sector China railway passenger traffic monthly: Pax growth beat; higher National Day prices August railway passenger volume (pax) up 10.7% YoY, faster than expected In August, China's railway pax grew 10.7% YoY, a meaningful acceleration from the 4.3% YoY growth in July, and summer passenger traffic beat our expectations. We expect the strong demand for railway passenger transportation to continue in Septembe ...

M Update September 22, 2024 08:08 PM GMT | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

M Update Alibaba Group Holding | Asia Pacific September 22, 2024 08:35 PM GMT Strategic AI Development Roadmap We met with Alibaba's key business units to understand strategic AI developments around Dingtalk and Alimama over the past year. Key focuses are a fully open-sourced Dingtalk AI revamp and applications for the Tongyi Wanxiang AI studio, along with a Tongyi Qianwen 2.5 upgrade. During the Aspara cloud conference, the CEO of Alicloud intelligence, Eddie Wu, emphasized the early phase of the AGI trans ...

Company and Industry Key Points **1. Holistic Product Superiority and Performance Improvement**: * Unilever emphasizes holistic product superiority, moving beyond functional aspects to include factors like desirability and overall value proposition. * The company has implemented a proprietary methodology to measure 21 demand drivers across six Ps (proposition, product, packaging, promotion, price, and place) to improve competitiveness. * This approach has led to improved sales and performance, particularly in Europe, where the company has seen remarkable volume growth in the second quarter. **2. Organizational Culture and Leadership**: * Unilever has experienced a cultural shift, moving from denial and mediocrity to a more fact-based, results-oriented approach. * The appointment of Hein as CEO and the departure of several non-executive directors have contributed to this change. * The company is committed to making radical decisions for long-term performance improvement, including workforce reductions and strategic portfolio changes. **3. Market Share and Competitiveness**: * Unilever has shifted its focus from sales-weighted market share to turnover-weighted share, aiming for a more accurate measure of competitiveness. * The company acknowledges that it is not yet where it wants to be in terms of market share and is committed to improving its position. * The company is investing in brand equity and innovation to drive growth and competitiveness. **4. Emerging Markets and Growth**: * Unilever remains confident in its position in emerging markets, particularly India, where the company has seen significant growth and is committed to defending its market share. * The company is focused on modernizing its portfolio and leveraging its digital capabilities to drive growth in these markets. **5. Sustainability and Regulatory Compliance**: * Unilever is a leader in sustainability and has focused its efforts on four key areas: climate, nature, plastics, and livelihoods. * The company is committed to achieving time-bound targets and welcomes regulations that promote a level-playing field. * The company is investing in R&D to address challenges related to single-use plastic sachets and other sustainability issues. **6. Strategic Portfolio Changes**: * Unilever has separated its ice cream business, recognizing that it is a clear outlier in the company's portfolio. * The company is committed to maintaining its Nutrition business, which is an integral part of its strategy. **7. Challenges and Opportunities**: * Unilever faces challenges in markets like Indonesia and China, where it is experiencing issues related to channel price conflict and geopolitical tensions. * The company is committed to addressing these issues and focusing on long-term growth and profitability.

Bank of America Corporation (NYSE:BAC) 29th Annual Financials CEO Conference September 25, 2024 5:15 AM ET Company Participants Alastair Borthwick - CFO Conference Call Participants Ebrahim Poonawala - Bank of America Corporation Ebrahim Poonawala Good morning, everyone. We've been talking about European banks, of course, we've talked a lot about European Banks. We'll continue to talk about Europe. But we're widening our perspectives. We're doing so with our very own Group CFO, Alastair Borthwick. Alastair, ...

Digital Realty Trust, Inc. (NYSE:DLR) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 2:40 PM ET Company Participants Matt Mercier - CFO Jordan Sadler - Head of IR Conference Call Participants Jonathan Atkin - RBC Capital Markets Jonathan Atkin Our next session, I'd like to welcome back Digital Realty to our conference. And from the far right, we have Jordan Sadler, who is the Head of Investor Relations. And then we have Matt Mercier to my immediate left, the Chie ...

Iron Mountain Incorporated (NYSE:IRM) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 11:40 AM ET Company Participants Bill Meaney - Chief Executive Officer Barry Hytinen - Chief Financial Officer Conference Call Participants Jonathan Atkin - RBC Capital Markets Jonathan Atkin We are ready to get started. I am pleased to welcome Iron Mountain???s CEO, Bill Meaney; CFO, Barry Hytinen, and welcome to our conference. Welcome back, Barry. And I think just to maybe kic ...

AstraZeneca PLC (NASDAQ:AZN) Deutsche Bank's Depositary Receipts Virtual Investor Conference September 24, 2024 11:30 AM ET Company Participants Elizabeth Walton - Director, Investor Relations Conference Call Participants Zafar Aziz - Deutsche Bank Hello and welcome to the Deutsche Bank Depositary Receipts of Virtual Investor Conference. My name is Zafar Aziz from the Deutsche Bank team. I'm pleased to announce our next presentation will be from AstraZeneca from the U.K. Before I show our speaker, a few poi ...