Workflow
Aluminum Corporation of China (.SS)_ Removing Upside 30-Day Catalyst Watch
-· 2024-11-03 17:16
Action | 31 Oct 2024 12:03:43 ET │ 10 pages Aluminum Corporation of China (601600.SS) Removing Upside 30-Day Catalyst Watch View original report on this Catalyst Watch We believe the miss in 3Q24 results could lead to short-term profit-taking pressure on the stock, and thus remove the positive catalyst watch. | --- | --- | |-----------------------------|------------------------| | | | | Buy | | | Price (31 Oct 24 15:00) | Rmb7.630 | | Target price | Rmb10.960 | | Expected share price return | 43.6% | | | | ...
PDD Holdings Inc (PDD.O)_ Thoughts On EU's Possible Launch Of Investigation Into Temu's Sales of Illegal Products
DDI· 2024-11-03 17:15
Flash | 31 Oct 2024 04:16:24 ET │ 12 pages PDD Holdings Inc (PDD.O) Thoughts On EU's Possible Launch Of Investigation Into Temu's Sales of Illegal Products investigation into Temu's sales of illegal products and the heightened uncertainty approaching the US election as a short-term overhang on PDD's share price. Under the EU's Digital Services Act, Temu is considered as a large online platform and if the platform fails to prevent the sales of illegal content/products, it could be fined up to 6% of their glo ...
Macro at a Glance_ Latest views and forecasts
asean· 2024-11-03 17:15
2131d4eaf4cb4d50b1d51c8af07b64b4 30 October 2024 | 4:44PM EDT Macro at a Glance: Latest views and forecasts | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------| | | | | Download PDF \| Download PowerPoint To subscribe to Macro at a Glance, visit the page and click "Follow." | Allison Nathan +1(212)357-7504 \| allison.nathan@gs.com Gol ...
Screen 2Q25_3_ Raising near term China outlook
China Securities· 2024-11-03 17:15
QUICK TAKE 31 October 2024 Japan Semiconductors Screen Holdings Co Ltd Rating Market-Perform Price Target 7735.JP 9,700.00 JPY David Dai, CFA +852 2918 5704 david.dai@bernsteinsg.com Juho Hwang +852 2123 2632 juho.hwang@bernsteinsg.com Xuan Ji +852 2918 5342 xuan.ji@bernsteinsg.com Screen 2Q25/3: Raising near term China outlook Screen 2Q results were inline. 2Q FY25/3 revenue came in at ¥143.2bn, up 23% yoy, below consensus by 2%. Gross margin and operating margins are better than consensus, at 38% and 21.3 ...
Sany Heavy Industry (.SS)_ Cost Discipline with Signs of Improving Non-Excavator in China; Buy with Higher TP
-· 2024-11-03 17:15
A c t i o n | 31 Oct 2024 05:19:26 ET │ 14 pages Sany Heavy Industry (600031.SS) Cost Discipline with Signs of Improving Non-Excavator in China; Buy with Higher TP CITI'S TAKE Sany delivered faster than peers YoY revenue growth in 3Q24 given its lower revenue exposure to the property-dependent machines (crane and concrete) in China and accelerating overseas revenue growth. Coupled with ongoing cost reduction effort, especially on R&D expense, Sany surprised us on the upside with its 100% YoY earnings growth ...
Mindray (.SZ)_ Earnings Review_ 3Q24 results miss on domestic demand pressure; eyes on trade-in; Buy
-· 2024-11-03 17:15
30 October 2024 | 3:09PM CST 2131d4eaf4cb4d50b1d51c8af07b64b4 Mindray (300760.SZ): Earnings Review: 3Q24 results miss on domestic demand pressure; eyes on trade-in; Buy | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------ ...
Macro Strategy_ Is Trump priced in_ Updated views on our cross-asset election trades
-· 2024-11-03 17:15
29 Oct 2024 15:20:29 ET │ 13 pages Macro Strategy Is Trump priced in? Updated views on our cross-asset election trades | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------- ...
Japan FX_ USDJPY rise likely to be countered by further BoJ tightening
BofA Securities· 2024-11-03 17:15
V i e w p o i n t | 31 Oct 2024 01:08:09 ET │ 10 pages Japan FX USDJPY rise likely to be countered by further BoJ tightening CITI'S TAKE As had been broadly anticipated the BoJ left its policy rate unchanged at 0.25% at today's meeting. We had thought the USDJPY could return to around ¥152/$ in the present recovery, though there may be temporary further upside depending upon the result of the US election. However, with JPY weakness restarting of late we think the BoJ will hike its policy rate to 0.5% at eit ...
Japan Economics_ DPP tax cuts could be adopted in more moderate form
EchoTik· 2024-11-03 17:15
30 Oct 2024 21:36:38 ET │ 10 pages Japan Economics DPP tax cuts could be adopted in more moderate form CITI'S TAKE The banner policies of the DPP, which is positioned to cast deciding votes in the Diet after its gains in the Lower House election, are increasing the income tax exemption limit. Larger deductions reduce taxable income and hence taxes paid by workers. We think PM Ishiba may adopt these policies in the interest of economic package implementation but would expect more moderate tax cuts. At the sa ...
NavInfo (.SZ)_ Quick Take – 3Q Results Beat; Narrowed Net Loss on Mix and Cost Control
Berkeley· 2024-11-03 17:15
Flash | 30 Oct 2024 09:46:42 ET │ 11 pages NavInfo (002405.SZ) Quick Take – 3Q Results Beat; Narrowed Net Loss on Mix and Cost Control NavInfo reported 3Q24 results after market close on 30-Oct. 3Q24 revenue rose 5.4% yoy to Rmb861mn, slightly behind VAe by 2.3%. 3Q24 gross profit grew 8.9% yoy to Rmb325mn, with margin expanded 1.2ppts yoy or 7.8ppts qoq to 37.7% likely due to better mix (data compliance, chipsets biz) and cost reduction. 3Q24 opex notably fell 26.2% yoy to Rmb424mn, where opex ratio lowere ...