A director at Samsung Electronics maiden bought 500 shares at 75,360.000KRW and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
China’s PEV retail sales pulled back last week after two weeks of rebound. BYD’s sales resumed positive yoy growth last week due to a low base, but weekly sales still fell 23% mom/1% wow despite the launch of Qin L. Li Auto’s sales rebounded 30% wow last week on price cuts. The EU announced plans to impose 21-38% in provisional duties on Chinese EVs from 4 Jul 24, but the impact would be small. Maintain MARKET WEIGHT. Top BUYs: Geely, CATL, Tuopu and Joyson Electronics. Top SELLs: XPeng.
GREATER CHINA Sector Automobile Weekly: EV sales pull back last week. Maintain MARKET WEIGHT. Top BUYs: Geely, CATL, Tuopu and Joyson Electronics. Top SELLs: XPeng. Internet Strategic revamp to foster re-accelerating growth and shareholders’ return. INDONESIA Update Bank Tabungan Negara (BBTN IJ/BUY/Rp1,240/Target: Rp1,700) ...
A director at General Motors Co sold/sold after exercising options 626,305 shares at 47.000USD and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's director...
A director at Ford Motor Co bought 24,790 shares at 12.080USD and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
GREATER CHINA Strategy Market Strategy 2H24: Building blocks in place. Results Meituan (3690 HK/BUY/HK$112.70/Target: HK$130.00) 1Q24: Earnings beat. ISHT margin to stabilise in 2Q24; upgrade To BUY. INDONESIA Results Merdeka Copper Gold (MDKA IJ/HOLD/Rp2,460/Target: Rp2,500) 1Q24: EBITDA below expectations with potential improvement ahead. MALAYSIA Sector Gaming ...
Rebound on policy clarity. The MSCI China index has made impressive gains of 23.3% since bottoming out in late-Jan 24, bringing ytd performance to 8.2%. This is a remarkable turnaround, as Asia ex-Japan is only up 6.9% ytd. This comes after the government gave clear indications that it remains firmly behind the healthy development of capital markets and efforts to revive the property market will no longer be clouded by concerns of re-igniting the bubble. Further re-rating hinges on real est...
China’s PV retail sales resumed positive growth for two weeks in a row last week with insurance registrations growing 4% yoy/12% wow. BYD’s sales fell 14% yoy last week, the third consecutive week of yoy sales decline. Li Auto’s sales dipped 2% wow, and its sales mix deteriorated further. Zeekr’s sales dropped 8% wow. The EU is expected to impose provisional duties on Chinese EVs from 4 Jul 24. Maintain MARKET WEIGHT. Top BUYs: Geely, CATL, Tuopu, Joyson Electronics. Top SELLs: Li Auto, XPeng.
GREATER CHINA Sector Automobile Weekly: PV sales resumed growth for two weeks in a row. Maintain MARKET WEIGHT. Top BUYs: Geely, CATL, Tuopu and Joyson Electronics. Top SELLs: Li Auto and XPeng. INDONESIA Sector Banking 4M24: Strong loan growth continues but CoF remains high. MALAYSIA Update QL Resources (QLG MK/BUY/RM6.40/Target: RM7.20) ...
A director at Samsung SDI Co Ltd bought 100 shares at 380,200.000KRW and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
GREATER CHINA Strategy Alpha Picks: June Conviction Call: Adding KE Holdings and Wharf REIC to our BUY list; hedging with SELL call on BYD. INDONESIA Strategy Alpha Picks: First Month Of Underperformance In 2024: Our picks are EXCL, BSDE, TLKM, ACES, BBTN, CMRY, SIDO and JSMR. MALAYSIA Strategy Alpha Picks: Choices For A “Summer Lull”: Our Alpha Picks trounce the KLCI again. May 24 picks: BAUTO, BURSA, Gamuda, GENM, Lagenda, Mah Sing, MYEG, PMETAL, RGB, and VSI. SINGAPORE Strategy Alpha Picks...
The HSI and MSCI China rose 1.8% and 2.1% mom respectively in May, supported by positive news on property destocking measures, but capped by tactical profit-taking and weak macro data. We expect further supportive policies from the July Third Plenum to boost domestic demand. Thus, we continue to add beneficiaries of policy support, namely KE Holdings and Wharf REIC, to our BUY list, but hedging with SELL on BYD, where price competition remains intense.
GREATER CHINA Strategy Alpha Picks: June Conviction Call Adding KE Holdings and Wharf REIC to our BUY list; hedging with SELL call on BYD. Sector Shipping and Ports – China Further strengthened freight rates raising container shipping earnings outlook. Upgrade OOIL to HOLD; Maintain BUY on CSP and CMP, and HOLD on CSH. Update KE Holdings Inc (2423 HK/BUY/HK$45.00/Target: HK$55.00) ...
XPENG Announces Vehicle Delivery Results for May 2024 10,146 vehicles delivered in May 2024, a 35% increase year-over-year GUANGZHOU, China, June 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for May 2024. XPENG delivered 10,146 Smart EVs in May, representing a 35% increase year-over-year and an 8% increase over the prior month. The XPENG X9 notably achieved monthly deliveries of 1,625 units, reaching a cumulative total of 11,4...
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