Asia Pacific Equity Research 29 November 2024 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China autos in Mexico under Trump 2.0 Takeaways from expert call with Mexico's former chief negotiator for USMCA | --- | --- | |------------------------------------ ...

Flash | 29 Nov 2024 08:02:13 ET │ 9 pages China Materials Takeaways from Copper Expert Call with SMM CITI'S TAKE We hosted an Expert Call on Nov 29th with Mr. Ye Jianhua, Chief Copper Analyst at Shanghai Metals Market (SMM) on copper market update. Mr. Ye expects copper price in 2025E to average US$9,800-9,900/t with a price movement range of approximately US$8,500/t to US$10,000/t+. He believes copper price may be higher in 2H25E than 1H25E due to fiscal stimulus packages and expansionary monetary policies ...

29 Nov 2024 05:31:44 ET │ 9 pages China Auto Manufacturers China-Mobileye Tracker CITI'S TAKE We track NEV models adopting Mobileye EyeQ4/Q5 ADAS chip, with the sales of NEV equipped with MBLY ADAS chip reaching 592,873/461,982 units in FY23/10M24 (+54.1%/+1.0% YoY) as shown in Figure 2. We observe the sales of NEV models adopting MBLY ADAS chip as % of total NEV PV in China dipped to 5.0% in 10M24, from 6.7% in FY23. By brand, Volkswagen / Zeekr / BMW / GWM Ora contributed significant shares of 32.2%/23.4% ...

November 29, 2024 10:00 AM GMT IndusInd Bank | Asia Pacific Is risk reward now attractive? | --- | --- | --- | |-------------------------|------------|------------| | | | | | What's Changed | | | | IndusInd Bank (INBK.NS) | From | To | | Price Target | Rs1,400.00 | Rs1,150.00 | The stock price has fallen 30% post-earnings owing to MFI asset quality, where trends continue to weaken, driving more EPS cuts. We detail risk reward – while not bad, risks are towards the downside. We continue to apply 30% bear cas ...

J P M O R G A N Global Commodities The Week in Commodities Global Commodities Research 29 November 2024 | --- | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------- ...

29 November 2024 | 8:44PM GMT Global Rates Trader Fiscal Risks Not All One Way Narrative volatility around the US fiscal outlook has been notable over the last month. We are skeptical that the US deficit trajectory offers a reason to be bullish the long-end at this stage, instead viewing the fiscal picture as a factor that supports longer term yields remaining somewhat sticky under our baseline. In the near-term, labor news and the justification for Fed cuts should be more consequential to the market tone. ...

M Update China Equity Strategy | Asia Pacific November 29, 2024 12:51 AM GMT Source: CEIC, Bloomberg, Wind, RIMES, Morgan Stanley Research. As of Nov 27, 2024. Source: CEIC, Bloomberg, Wind, RIMES, Morgan Stanley Research. As of Nov 27, 2024. A-Share Sentiment Drops amid Rising Tariff Concerns A-share sentiment continued to decline, with downward earnings revision breadth accelerating. We see a bumpier 2025 equity market amid a deflationary environment, persistent downward earnings pressure, and rising geop ...

M Foundation Asia EM Equity Strategy | Asia Pacific November 29, 2024 05:56 AM GMT Flows & Positioning Guide In October, GEM long-only managers continued to reduce underweights in China & Malaysia, and added to Brazil overweight, funded by adding underweights in India & Taiwan and cutting Korea overweight. In the week ended November 27, 2024, EM equity funds had outflows led by China and India. EM weekly flows – Outflows continued, led by China and India: EM equity funds recorded US$0.8bn outflows for the w ...

Asia Pacific Equity Research 29 November 2024 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China autos in Mexico under Trump 2.0 Takeaways from expert call with Mexico's former chief negotiator for USMCA | --- | --- | |------------------------------------ ...

V i e w p o i n t | 28 Nov 2024 22:00:37 ET │ 30 pages Fund Flow Insights Outflows from both equity and bond funds in EM CITI'S TAKE US$29.4bn inflow into equity funds — In the week ended 11/27/2024, bond funds and equity funds saw inflows of US$10.3bn and US$29.4bn respectively. US funds continue to see strong inflows with US$40.7bn going into their ETFs. Global funds also enjoyed an inflow of US$2.6bn. Japan funds however had US$5.0bn of net redemptions. US$1.8bn outflow from EM funds — Outflows from Chin ...