M Update China/Hong Kong Consumer | Asia Pacific October 18, 2024 03:28 AM GMT Source: CEIC, National Bureau of Statistics, Morgan Stanley Research China Retail Sales – Sep 2024: Slight Improvement China's retail sales growth in September trended better at 3.2% YoY vs 2.1% in August, ahead of expectation. Implied recovery pace vs. 2019 also picked up to 119% vs. low levels during JulyAugust at 114%. We expect some minor uptick too into October indicated by National day holiday data. YoY trend by category (r ...

October 18, 2024 04:52 PM GMT M Update | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------|-------------------------------------------------------------------------------------- ...

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Deutsche Bank Research 7T2se3r0Ot6kwoPa Emerging Europe Emerging Markets EM Special Publication Date 18 October 2024 EM local markets vs. externals: how much is priced in? - October update We provide our monthly update on what external variables tell us about EM fixed income (EMFI) performance. In this report, we examine: a) explanatory power estimates of EMFI vs. externals in aggregates and individually, b) projections of what DB's forecasts imply for EMFI returns, and c) a ranking of which pairs stand out ...

Deutsche Bank Research 7T2se3r0Ot6kwoPa Asia Economics Asia Week Ahead Date 18 October 2024 What you need to know: 21 - 25 Oct | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------| | | Juliana Lee | | Week ahead South Korea's GDP growth is likely to slow to 2.1% year-on-year in Q3 2024, from | Chief Economist | | 2.3% in Q2. While se ...

Key Points Industry or Company Involved - **Company**: MicroVision, Inc. (NASDAQ:MVIS) - **Industry**: LiDAR (Light Detection and Ranging) technology for automotive and industrial applications Core Points and Arguments - **Convertible Note Financing**: MicroVision secured a $75 million convertible note financing from High Trail Capital. The conversion price is fixed at $1.56, with a maximum conversion price of $1.76. This financing is non-dilutive and provides a clear path to repayment through cash generated from revenue streams. - **Industrial Focus**: MicroVision is focusing on the industrial sector for revenue growth, targeting high-volume, recurring business. The company has identified 15 top priority opportunities in the industrial space, with potential annual volumes exceeding 50,000 units. - **Automotive Opportunities**: MicroVision continues to pursue automotive opportunities, with seven active RFQs. The company's MOVIA and MAVIN LiDAR products offer competitive advantages in terms of form factor, power, and cost. - **Product Development**: MicroVision is developing ASIC versions of its LiDAR products, with the intention of starting tape-out in the next year. The company is also exploring the development of MOVIA S for slower-speed maneuvering applications. - **Strategic Partnerships**: MicroVision is actively seeking partnerships with OEMs and Tier 1 suppliers to secure revenue streams and accelerate growth. Other Important Points - **Cash Burn**: MicroVision's cash burn rate has decreased significantly, with a sequential decline in the third quarter. The company expects to maintain a burn rate of approximately $55 million to $60 million per year. - **Market Position**: MicroVision believes it is well-positioned to win in the LiDAR industry due to its technology, product offerings, and strategic partnerships. - **Investor Relations**: MicroVision plans to hold an investor day in the future to provide more information on its business and technology. References - [doc id='10'] - [doc id='22'] - [doc id='23'] - [doc id='25'] - [doc id='26'] - [doc id='27'] - [doc id='29'] - [doc id='30'] - [doc id='31'] - [doc id='32'] - [doc id='33'] - [doc id='34'] - [doc id='35'] - [doc id='36'] - [doc id='37'] - [doc id='38'] - [doc id='39'] - [doc id='40'] - [doc id='41'] - [doc id='42'] - [doc id='43'] - [doc id='44'] - [doc id='45'] - [doc id='46'] - [doc id='47'] - [doc id='48'] - [doc id='49'] - [doc id='50'] - [doc id='51'] - [doc id='52'] - [doc id='53'] - [doc id='54'] - [doc id='55'] - [doc id='56'] - [doc id='57'] - [doc id='58'] - [doc id='59'] - [doc id='60'] - [doc id='61'] - [doc id='62'] - [doc id='63'] - [doc id='64'] - [doc id='65'] - [doc id='66'] - [doc id='67'] - [doc id='68'] - [doc id='69'] - [doc id='70'] - [doc id='71'] - [doc id='72'] - [doc id='73'] - [doc id='74'] - [doc id='75'] - [doc id='76'] - [doc id='77'] - [doc id='78'] - [doc id='79'] - [doc id='80'] - [doc id='81'] - [doc id='82'] - [doc id='83'] - [doc id='84'] - [doc id='85'] - [doc id='86'] - [doc id='87'] - [doc id='88'] - [doc id='89'] - [doc id='90'] - [doc id='91'] - [doc id='92'] - [doc id='93'] - [doc id='94'] - [doc id='95'] - [doc id='96'] - [doc id='97'] - [doc id='98'] - [doc id='99'] - [doc id='100'] - [doc id='101'] - [doc id='102'] - [doc id='103'] - [doc id='104'] - [doc id='105'] - [doc id='106'] - [doc id='107'] - [doc id='108'] - [doc id='109'] - [doc id='110'] - [doc id='111'] - [doc id='112'] - [doc id='113'] - [doc id='114'] - [doc id='115'] - [doc id='116'] - [doc id='117'] - [doc id='118'] - [doc id='119'] - [doc id='120'] - [doc id='121'] - [doc id='122'] - [doc id='123'] - [doc id='124'] - [doc id='125'] - [doc id='126'] - [doc id='127'] - [doc id='128'] - [doc id='129'] - [doc id='130'] - [doc id='131'] - [doc id='132'] - [doc id='133'] - [doc id='134'] - [doc id='135'] - [doc id='136'] - [doc id='137'] - [doc id='138'] - [doc id='139'] - [doc id='140'] - [doc id='141'] - [doc id='142'] - [doc id='143'] - [doc id='144'] - [doc id='145'] - [doc id='146'] - [doc id='147'] - [doc id='148'] - [doc id='149'] - [doc id='150'] - [doc id='151'] - [doc id='152'] - [doc id='153'] - [doc id='154'] - [doc id='155'] - [doc id='156'] - [doc id='157'] - [doc id='158'] - [doc id='159'] - [doc id='160'] - [doc id='161'] - [doc id='162'] - [doc id='163'] - [doc id='164'] - [doc id='165'] - [doc id='166'] - [doc id='167'] - [doc id='168'] - [doc id='169'] - [doc id='170']

M Idea China Online Travel Agencies | Asia Pacific October 13, 2024 08:15 PM GMT 3Q24 Preview and Golden Week Travel Update Golden Week data came largely in line and 3Q guidance is well on track. We stay OW on China OTAs on resilient travel demand and easier comps ahead, with risk skewed to the upside on potential consumption recovery. Valuation is still attractive. Domestic tourists and receipts rose 5.9% and 6.3% YoY (adjusted for seven days in 2024 vs. 8 days in 2023), respectively, according to Minister ...

M Update October 13, 2024 11:37 AM GMT | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Tencent (0700) Overweight 0700.HK, 700 HK Identifying Tencent's alpha amidst the beta trade▲ Price (10 Oct 24): HK$438.80 Price Target (Dec-25): HK$520.00 Prior (Dec-24): HK$480.00 Tencent's share price underperformed ecommerce names in the recent round of the market rally (Tencent flat vs. Alibaba +2%, PDD +5% and JD +8% in the past two weeks) as investors added exposure to a potential macro recovery theme, in our view. Admittedly, Tencent's earnings are driven more by non-cyclical operations (i.e. digital ...

M Update Sound Bites | Asia Pacific October 13, 2024 06:05 PM GMT China Healthcare: Chart of the Week – Hong Kong Retail and TCM Sales In August, Hong Kong retailers grossed HK$29.2bn of overall sales and HK$386mn of traditional Chinese medicine sales, down 10% and 12% YoY, respectively. This has relevance for the performance of the Tongrentang group of companies. Play Audio Read more: China Healthcare: Chart of the Week – Hong Kong Retail and TCM Sales (10 Oct 2024) Morgan Stanley Asia Limited+ Laurence Ta ...