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 ...

Asia Pacific Equity Research 14 October 2024 J P M O R G A N Table 1: Overnight commodity moves JPM Mining Daily Iron ore +1.8%, Alumina +6.9%, Steel Dashboard, Chile Sept Lithium Exports, SQM d/g to Neutral, European Steel, China CPI & PPI & more Price Snapshot | --- | --- | --- | --- | |--------------------------|--------|-------|-------| | | Price | Move | chg. | | Iron ore ($/t) | 106 | 1.9 | 1.8% | | HRC - China ($/t) | 499 | -6.5 | -1.3% | | HRC - US ($/st) | 705 | 4.0 | 0.6% | | . | | | | | Gold ($/o ...

Rmb25.8tn, down 37% YoY. M Update October 13, 2024 09:10 PM GMT | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

M Update Risky Business | Asia Pacific October 13, 2024 07:00 PM GMT Insurance Pricing Slowing In Sep-24: What Does It Mean? Our Sep-24 new business survey shows slowing premium growth vs peak levels in both Motor (+7%Y) and Home (+12%Y). We still see SUN and IAG's margins expanding in FY25E alongside double-digit insurance profit growth, but investors could start questioning insurers' margin momentum into FY26E. -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% Home Premium Index Motor Premium Index Yo-Y change in ...

October 13, 2024 03:10 AM GMT M Update HK/China Transportation & Infrastructure | Asia Pacific Week in Review (Issue 41-24) Week in review: 3Q24 prelims from CSH and OOIL; J&T 3Q24 operation update; 2024 National Holiday express and pax volume; investor presentation on China Express Tech Diffusion 3Q24 Prelims from CSH and OOIL: CSH's 3Q24 recurring net profit was Rmb21.2bn, +288.57% YoY, largely in line with our expectations. Implied 3Q24 minority interest was Rmb2.8bn, +250% YoY, vs. Rmb1.5bn in 2Q24, tha ...

Asia Pacific Equity Research 13 October 2024 China Commercial Property Luxury malls' tenant sales bleak in 3Q; improved but mixed in Golden Week We participated in the property tour hosted by Hang Lung Properties (HLP), visiting two luxury malls in Shanghai (Plaza 66 and Grand Gateway 66) and one in Dalian (Olympia 66). The overall picture echoes our recent takeaways from luxury malls visits in top-tier cities, where HLP's 3Q24 tenant sales remained tepid, particularly in Shanghai. For the Golden Week, foot ...

MENA Equity Research 14 October 2024 J P M O R G A N MENA Equities Geopolitical risk - impact on stocks and sectors | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------- ...

M Update Chinese Aviation | Asia Pacific October 13, 2024 05:51 PM GMT CAAC – Slot Plans for 2024/25 W/S Season Capacity is not necessarily a constraint to supply in the Winter/ Spring season, we think, considering demand headwinds amid macro challenges. Non-domestic capacity continued to recover to pre-Covid levels. On 12 October, CAAC released slot plans for the 2024 Winter/Spring flight season (October 2024 - March 2025). • Domestic slots to decline by 1% YoY, to +24.2% vs. 2019's level (+0.7% YoY, to +2 ...

Tingting Ge (852) 2800-0143 tingting.ge@jpmorgan.com Asia Pacific Economic Research Haibin Zhu (852) 2800-7039 haibin.zhu@jpmorgan.com JPMorgan Chase Bank, N.A., Hong Kong Branch Grace Ng (852) 2800-7002 grace.h.ng@jpmorgan.com 13 October 2024 J P M O R G A N Greater China • China: NDRC did not provide further stimulus details, all eyes on the Saturday MOF press conference • FX reserves a touch above expectation, two-sided risks around 7 for USD/CNY • Taiwan: September exports moderated, partly paying back ...

M Update Sunny Optical | Asia Pacific October 13, 2024 09:00 PM GMT September: Handset Lens Shipments to Beat while CCM to Miss in 2024? With mix improvement the top priority, handset CCM still recorded weak shipments. Handset lenses delivered solid growth, and shipments appear highly likely to beat the target. Key Takeaways Handset CCM YTD growth rate decelerated from +3% in Jan-Aug to -1% in Jan- Sep. Handset lenses recorded +6% YoY growth in Sep and +20% in Jan-Sep. Vehicle lenses' YTD growth slightly im ...