reports
- Bella Lu Yifei
- Benjaphol Suthwanish
- Greater China Research Team
- Jacquelyn Yow Hui Li
- Johnny Yum
- Jonathan Koh
- Kampon Akaravarinchai
- Kasemsun Koonnara
- Kate Luang
- Ken Lee
- Kong Ho Meng
- Leow Huey Chuen
- Limartha Adhiputra
- Malaysia Research Team
- Posmarito Pakpahan
- Singapore Research Team
- Vincent Khoo Boo Aik
Regional Morning Meeting Notes: Friday, May 03, 2024
GREATER CHINA Strategy Alpha Picks: May Conviction Call Adding CR Beer, Crystal, Geely, Haier, Kuaishou, Ningbo Tuopu, Pinduoduo, Shenzhou, and Tencent to our BUY list, closing out SELL calls. Small-Mid Cap Monthly Reiterate BUY on Crystal International. Sector Automobile Weekly: EV sales pick up; take...
600690 HAIER SMART HOME CO. LTD. CLASS A
02313 SHENZHOU INTERNATIONAL GROUP HOLDINGS LIMITED
300014 EVE ENERGY CO. LTD. CLASS A
LH LAND & HOUSES PUBLIC CO. LTD.
ORI ORIGIN PROPERTY
G13 GENTING SINGAPORE
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
00992 LENOVO GROUP LIMITED
00291 CHINA RESOURCES BEER (HOLDINGS) CO. LTD.
002142 BANK OF NINGBO CO. LTD. CLASS A
CPF CHAROEN POKPHAND FOODS PUBLIC CO. LTD.
AKRA PT AKR CORPORINDO TBK
AALI ASTRA AGRO LESTARI
6963 V.S. INDUSTRY
544 CSE GLOBAL LTD.
D05 DBS GROUP HOLDINGS LTD
600660 FUYAO GLASS INDUSTRY GROUP CO. LTD. CLASS A
V03 VENTURE CORPORATION LIMITED
QH QUALITY HOUSES
ERW ERAWAN GROUP
U96 SEMBCORP INDUSTRIES LTD.
B8O YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
SXC SUNNY OPTICAL TECHNOLOGY (GROUP) CO. LTD.
JSMR PT JASA MARGA (PERSERO) TBK CLASS B
01299 AIA GROUP LIMITED
TU THAI UNION GROUP PUBLIC COMPANY LIMITED
GFPT GFPT
SPALI SUPALAI PCL
C52 COMFORTDELGRO CORPORATION LIMITED
BMRI PT BANK MANDIRI (PERSERO) TBK
Z74 SINGAPORE TELECOMMUNICATIONS LIMITED
O39 OVERSEA-CHINESE BANKING CORPORATION LIMITED
M3I MINTH GROUP LIMITED
AP4 RIVERSTONE HOLDINGS
BSDE PT BUMI SERPONG DAMAI TBK
300124 SHENZHEN INOVANCE TECHNOLOGY CO. LTD CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
ACES PT ACE HARDWARE INDONESIA TBK
AP AP THAILAND
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
TLKM PT TELKOM INDONESIA (PERSERO) TBK CLASS B
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
00700 TENCENT HOLDINGS LTD.
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
PDD PINDUODUO INC. SPONSORED ADR CLASS A
FEHT FAR EAST HOSPITALITY TRUST
SIDO INDUSTRI JAMU DAN FARMASI SI
SCGB SUNWAY CONSTRUCTION GROUP BH
MYEG MY EG SERVICES BHD
WPRTS WESTPORTS HOLDINGS BHD
MSGB MAH SING GROUP BHD
PMAH PRESS METAL ALUMINIUM HOLDIN
333 MIDEA GROUP
TXG 10X GENOMICS INC CLASS A
TGIF 1933 INDUSTRIES
PSH PRUKSA HOLDING PCL
RGB RGB INTERNATIONAL BHD
338 WEICHAI POWER
709 GIORDANO INTERNATIONAL LTD
1772 GANFENG LITHIUM CO. LTD. CLASS H
869 PLAYMATES TOYS LIMITED
FRKN FRENCKEN GROUP LTD
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
MPM MARCO POLO MARINE LTD
3692 HANSOH PHARMACEUTICAL GROUP
01024 KUAISHOU TECHNOLOGY CLASS B
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
BBTN BANK TABUNGAN NEGARA PERSERO TBK PT
MPACT MAPLETREE PAN ASIA COMMERCIAL TRUST
CMRY PT CISARUA MOUNTAIN DAIRY TBK
123F 123FAHRSCHULE SE
NCKL PT TRIMEGAH BANGUN PERSADA TBK (HARITA NICKEL)
2232 CRYSTAL INTERNATIONAL GROUP LTD
Z29 029 GROUP SE
02015 LI AUTO INC
09868 XPENG INC
BTG BETAGRO PUBLIC COMPANY LIMITED
GENTMK GENTING BERHAD
- Bella Lu Yifei
- Ken Lee
China Automobile Weekly: EV sales pick up; takeaways from 2024 Beijing...
China’s EV sales picked up strongly last week. Except for Li Auto, most EV companies in China witnessed buoyant sales growth during the week. Tesla saw the fastest wow sales growth due to price cuts, while Aito posted the sharpest wow sales growth, given the ramp-up of the new M9 deliveries. This week, we also have our takeaways from Beijing Auto Show. Maintain MARKET WEIGHT. Top BUYs: Geely, CATL, Tuopu and Yadea. Top SELLs: Li Auto and XPeng. Remove BYD from the top SELL list.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
M3I MINTH GROUP LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
02015 LI AUTO INC
09868 XPENG INC
- Bella Lu Yifei
- Ken Lee
China Automobile: Upgrade from UNDERWEIGHT to MARKET WEIGHT on bigger-...
We raise 2024 forecasts on China’s PV sales growth and PEV sales growth from +8%/+21% to +10%/+24% on bigger-than-expected subsidies for the cash-for-clunker program and zero downpayment auto loans. Meanwhile, we lift the target prices of BYD, Geely, GWM, GAC and Yadea to HK$160.00/HK$13.00/HK$13.50/HK$3.30 /HK$20.00 respectively. Upgrade GWM from HOLD to BUY, and upgrade GAC from SELL to HOLD. Top BUY: CATL, Geely and Yadea. Top SELL: BYD, Li Auto and XPeng.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
M3I MINTH GROUP LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
02015 LI AUTO INC
09868 XPENG INC
- Bella Lu Yifei
- Ken Lee
China Automobile Weekly: EV sales rebound for two weeks in a row, but ...
China’s PEV sales grew 9% yoy and 12% wow during the week of 15-21 Apr 24, implying a 44.9% market share. BYD, Zeekr and XPeng saw sales rebound during the week, in line with expectations; Aion, Li Auto and Tesla posted lower sales, below expectations. Tesla posted disappointing 1Q24 results on a sales drop, and cut prices of Model Y/3 by 5-6%. Li Auto also cut prices by 5-7%, intensifying the price war. Maintain UNDERWEIGHT. Top SELLs: BYD, Li Auto and XPeng. Top BUYs: CATL and Yadea.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
060310 3S KOREA
M3I MINTH GROUP LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
02015 LI AUTO INC
09868 XPENG INC
- Bella Lu Yifei
- Ken Lee
China Automobile Weekly: PEV sales up 21% yoy/19% wow in the second we...
China’s PEV sales grew 21% yoy and 19% wow during the week of 8-14 Apr 24, implying a 46% market share. BYD, Li Auto and XPeng posted in-line sales during the week, while Tesla’s and Zeekr’s sales came in lower than expected due to competition. We expect Zeekr’s sales to recover, based on its better product qualities vs rivals and new model debuts. CATL posted in-line 1Q24 results with core earnings growing 19% yoy. Maintain UNDERWEIGHT. Top SELLs: BYD, Li Auto, XPeng. Top BUYs: CATL, Desay.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
M3I MINTH GROUP LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
02015 LI AUTO INC
09868 XPENG INC
- Bella Lu Yifei
- Ken Lee
China Automobile: Weekly: Raise 2024 auto sales growth to 7.5% on bigg...
We raise our 2024 forecasts on China’s vehicle sales growth and EV sales growth from -5.1%/+10.8% to +7.5%/+21.7% respectively on higher 1Q24 sales given bigger-thanexpected price cuts, stronger exports and stimulus. Despite higher sales growth, most auto companies’ earnings will still be pressured by price cuts. PV sales declined 10.6% yoy and 39.7% wow in the first week of April due to the Tomb Sweeping Festival holiday. Maintain UNDERWEIGHT. Top SELLs: BYD, Li Auto and XPeng. Top BUYs: CATL a...
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
M3I MINTH GROUP LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
09868 XPENG INC
- Bella Lu Yifei
- Ken Lee
China Automobile Weekly: Weekly: Prefer High Value-added Automotive Pa...
Most OEMs, battery material suppliers and automobile dealers saw a margin squeeze in 2H23/4Q23, due to a drop in product prices. However, automotive part companies focusing on high value-added products, eg CATL, Desay SV and Fuyao Glass, enjoyed margin improvement during the period, due to optimisation of product mix. Maintain UNDERWEIGHT. Remove Tuopu from top BUY list on Tesla risk. Top BUYs: CATL and Desay. Add BYD and Li Auto to top SELL list. Top SELLs: BYD, Li Auto and XPeng.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
M3I MINTH GROUP LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
02015 LI AUTO INC
09868 XPENG INC
- Bella Lu Yifei
- Ken Lee
China Automobile: Weekly: PEV market share hits record of 48% on price...
PEV market share reached a record of 48% last week due to price cuts. BYD’s retail sales rebounded by 27% wow in the week ending 10 Mar 24 after price cuts of 10-20% on seven major models. Li Auto’s retail sales rebounded due to launches of 2024 Li L7/L8/L9. Despite the strong sales last week, PEVs are facing stiffening price competition. CATL's market share in China’s power battery market hit a record of 55% in Feb 24. Maintain UNDERWEIGHT. Top BUYs: CATL, Tuopu, Desay. Top SELL: XPeng.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
M3I MINTH GROUP LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
02015 LI AUTO INC
09868 XPENG INC
- Bella Lu Yifei
- Ken Lee
China Automobile Weekly: PEV insurance registrations rebound 19% in th...
Major automakers saw their PEV insurance registrations rebound last week due to price cuts. BYD’s retail sales rebounded less than expected last week even after implementing price cuts. The market response to Li Mega turned out to be disappointing, with over 10,000 orders cancelled. Europe and the US are abandoning all-electric plans and restricting Chinese-made electric vehicles. Maintain UNDERWEIGHT. Top SELL: XPeng. Top BUYs: CATL, Tuopu, Desay.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
M3I MINTH GROUP LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
02015 LI AUTO INC
09868 XPENG INC
- Bella Lu Yifei
- Ken Lee
China Automobile Weekly: BYD’s price cuts trigger a new round of price...
Ytd, EV sales came in worse than expected. BYD’s 20% price cut on Qin Plus DM-i triggered a new round of price war. This will leave no winner as major players will keep engaging in the price war for a sustained period while small players like HiPhi will possibly be edged out of the arena. Following the heavy snowfall in Hubei, the Hainan incident reminds us of the limitation of EVs. Maintain UNDERWEIGHT. Top SELLs: BYD, XPeng and Li Auto. Top BUY: CATL. Upgrade Xusheng from HOLD to BUY on valuat...
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
M3I MINTH GROUP LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
02015 LI AUTO INC
09868 XPENG INC
- Bella Lu Yifei
- Ken Lee
China Automobile Weekly: A Snow Debunks The Myth Of EVs
As this week is the Chinese New Year holiday, the weekly EV insurance registration numbers will only be posted next week. The most eye-catching news is the snow in Hubei last week, which crippled hundreds of EVs on highways. This shows the limitation of BEVs in regard to long-haul drive and recharging. Maintain UNDERWEIGHT on China’s auto sector. Top SELLs: BYD, XPeng and Li Auto. Top BUY: CATL. Upgrade GAC from SELL to HOLD on valuation.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
002594 BYD COMPANY LIMITED CLASS A
M3I MINTH GROUP LIMITED
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
2460 NEXTEER AUTOMOTIVE GROUP LTD
1772 GANFENG LITHIUM
002340 GANFENG LITHIUM CO. LTD. CLASS H
300750 GEM CO LTD
3606 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
603305 FUYAO GLASS INDUSTRY GROUP CO LTD-H
LI NINGBO XUSHENG AUTO TECHNOLOGY (A)
1585 LI AUTO INC. SPONSORED ADR CLASS A
XPEV YADEA GROUP HOLDINGS LTD
002920 XPENG INC. ADR SPONSORED CLASS A
881 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
1316 ZHONGSHENG GROUP HOLDINGS LTD
02015 NEXTEER AUTOMOTIVE CORP
09868 LI AUTO INC
XPENG INC
Zhongsheng Group Holdings Limited: 1 director
A director at Zhongsheng Group Holdings Limited bought 850,000 shares at 27.450HKD and the significance rating of the trade was 67/100. 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 l...
ZHONGSHENG GROUP sees an upgrade to Slightly Positive due to a better ...
The general evaluation of ZHONGSHENG GROUP (CN), a company active in the Specialty Retailers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 25, 2022, the closing price...
- Dave Nicoski
- Ross LaDuke
Vermilion Int'l Compass: Global Equity Strategy
Uncertainty Hits Global Equities MSCI ACWI (ACWI-US) recently broke below the $81.50 short-term support level we were watching, which tells us that the important $77 support level is likely to be tested. While a more cautious outlook is appropriate, as long as $77 holds (the September lows) we are constructive and would be buyers on a pullback. A move below $77 would start to get very concerning, and would leave $75 and the 200-day MA as last-ditch support. · Market Dynamics Still Cons...
RMS HERMES INTERNATIONAL SCA
AS7 ANTA SPORTS PRODUCTS LTD.
K3SD BAIDU INC SPONSORED ADR CLASS A
BAP. CREDICORP LTD.
GBG GB GROUP PLC
TYRES NOKIAN RENKAAT OYJ
9910 FENG TAY ENTERPRISE CO. LTD.
9983 FAST RETAILING CO. LTD.
000270 KIA MOTORS CORPORATION
6988 NITTO DENKO CORP.
02331 LI NING COMPANY LIMITED
6902 DENSO CORPORATION
4186 TOKYO OHKA KOGYO CO. LTD.
3765 GUNGHO ONLINE ENTERTAINMENT INC.
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
00700 TENCENT HOLDINGS LTD.
WB WEIBO CORP SPONSORED ADR CLASS A
ALPAR GROUPE PAROT SA
3563 SUSHIRO GLOBAL HOLDINGS LTD.
425 MINTH GROUP LTD.
- Dave Nicoski
- Ross LaDuke
Vermilion Int'l Compass: Global Equity Strategy
Global Equities Flirting With A Breakout Major support levels we pointed to in last Thursday's Int'l Compass held strong, leading to a strong bounce so far this week. The MSCI ACWI, ACWI ex-US, EAFE, and EM indexes have had such a strong bounce that the concern of lower highs has been removed. If fact, several indexes and countries are showing signs of breaking out (MSCI ACWI, MSCI EM, and Japan to name a few). No matter how you look at it this is a positive sign, however we need to see these l...
02010 REAL NUTRICEUTICAL GROUP (P CHIP)
HSV HOMESERVE PLC
GIVN GIVAUDAN SA
AS7 ANTA SPORTS PRODUCTS LTD.
NCM NEWCREST MINING LIMITED
9921 FORTESCUE METALS GROUP LTD
ZAL GIANT MANUFACTURING CO. LTD.
FMG ZALANDO SE
METSB FIRST MEXICAN GOLD
7564 METSA BOARD OYJ CLASS B
000831 WORKMAN CO. LTD.
4751 CHINA MINMETALS RARE EARTH (A)
4612 CYBERAGENT INC.
PAAS NIPPON PAINT HOLDINGS CO.LTD.
SAR PAN AMERICAN SILVER CORP.
FRES GR. SARANTIS S.A.
6035 FRESNILLO PLC
4368 IR JAPAN HOLDINGS
003670 FUSO CHEMICAL CO. LTD.
00027 POSCO CHEMICAL CO. LTD.
8218 GALAXY ENTERTAINMENT GROUP LIMITED
7309 KOMERI CO. LTD.
7277 SHIMANO INC.
9914 TBK
EMSN UEMATSU SHOKAI CO. LTD.
3050 EMS-CHEMIE HOLDING AG
GMKN DCM HOLDINGS CO. LTD.
5Z0 MMC NORILSK NICKEL PJSC
3690 ZHONGSHENG GROUP HOLDINGS LTD.
KIO LOCKON
DHER KKR INCOME OPPORTUNITIES FUND
SIK DELIVERY HERO SE
6544 SIKA AG
CG JAPAN ELEVATOR SERVICE HOLDINGS
ENX THE CARLYLE GROUP
SBM INC.
FLTR EATON VANCE NEW YORK MUNICIPAL BOND FUND
27 PROSHARES SHORT BASIC MATERIALS
06110 MARKET VECTORS INVESTMENT GRADE FLOATING RATE ETF
GALAXY ENTERTAINMENT GROUP LTD.
TOPSPORTS INTERNATIONAL HOLDINGS LIMITED
- Dave Nicoski
- Ross LaDuke
Vermilion Int'l Compass: Global Equity Strategy
Major Indexes Testing Resistance Positive news flow surrounding COVID-19 is encouraging on many fronts, notably from a human and economic perspective (e.g., peaking infections/deaths in Italy & Spain, certain European governments making plans to ease lockdowns, and that US death projections were likely overestimated). Still, despite encouraging news and the relief rally in global equities, history tells us that this is a fairly standard bear market rally in terms of its magnitude, making us bel...
4001 ABDULLAH AL OTHAIM MARKETS CO.
IZZ TAL EDUCATION GROUP SPONSORED ADR CLASS A
JD JD.COM INC. SPONSORED ADR CLASS A
D8Q BANCO LATINOAMERICANO DE COMERCIO EXTERIOR S.A. CLASS E
002157 JIANGXI ZHENGBANG TECHNOLOGY CO. LTD. CLASS A
MRU METRO INC.
4966 C. UYEMURA & CO. LTD.
A0M368 BEIJING SHUNXIN AGRICULTURE CO. LTD. CLASS A
HGNC HENGAN INTERNATIONAL GROUP CO. LTD.
ATM A2 MILK COMPANY LTD.
6702 FUJITSU LIMITED
NEL NEL ASA
002410 GLODON COMPANY LIMITED CLASS A
002511 C&S PAPER CO. LTD. CLASS A
TOM TOMIZONE
7947 FP CORPORATION
6920 LASERTEC CORP.
8194 LIFE
600486 JIANGSU YANGNONG CHEMICAL CO. LTD. CLASS A
02280 HC GROUP INC.
8113 UNICHARM CORPORATION
3038 KOBE BUSSAN CO. LTD.
002352 S.F. HOLDING CO. LTD. CLASS A
GMKN MMC NORILSK NICKEL PJSC
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
603288 FOSHAN HAITIAN FLAVOURING & FOOD CO. LTD. CLASS A
3697 SHIFT
603027 QIANHE CONDIMENT & FOOD CO. LTD. CLASS A
PDD PINDUODUO INC. SPONSORED ADR CLASS A
IHP INTEGRAFIN HOLDINGS
03141 BMO ASIA USD INVESTMENT GRADE BOND ETF
3323 CHINA NATIONAL BUILDING MATERIAL CO.
914 LTD.
603605 ANHUI CONCH CEMENT CO.
LTD.
PROYA COSMETICS (A)
- Dave Nicoski
- Ross LaDuke
Int'l Insights: EM Strategy
EM Outperforming; Favor EM over EAFE With many global markets crumbling last week, one might assume that EM would have underperformed -- but that is not what transpired. What we saw was a decline in the US dollar which, along with improving coronavirus metrics in China, led to EM outperformance. Reiterating our 12/20/19 EM Strategy, we continue to believe EM is a better place to be than EAFE, supported by new highs in the EM vs. EAFE ratio and our ongoing belief that the US dollar is likely not...
012510 DOUZONE BIZON CO.LTD
300482 GUANGZHOU WONDFO BIOTECH CO. LTD. CLASS A
IZZ TAL EDUCATION GROUP SPONSORED ADR CLASS A
N1U NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. SPONSORED ADR
002111 WEIHAI GUANGTAI AIRPORT (A)
5168 HARTALEGA HOLDINGS BHD.
ESCORTS ESCORTS
TATACONSUM TATA CONSUMER PRODUCTS LIMITED
035720 KAKAO CORP.
036570 NCSOFT CORPORATION
2892 FIRST FINANCIAL HOLDING CO. LTD.
002271 BEIJING ORIENTAL YUHONG WATERPROOF TECHNOLOGY CO. LTD. CLASS A
601567 NINGBO SANXING ELECTRIC (A)
RLF LONGFOR GROUP HOLDINGS LTD.
300070 BEIJING ORIGINWATER TECHNOLOGY CO. LTD. CLASS A
02869 GREENTOWN SERVICE GROUP CO. LTD.
603338 ZHEJIANG DINGLI MACHINERY CO. LTD. CLASS A
5483 SINO-AMERICAN SILICON PRODUCTS INC.
1229 LIEN HWA INDUSTRIAL CORP.
600486 JIANGSU YANGNONG CHEMICAL CO. LTD. CLASS A
6214 SYSTEX CORP.
1227 STANDARD FOODS CORPORATION
00322 TINGYI (CAYMAN ISLANDS) HOLDING CORP.
FROTO FORD OTOMOTIV SANAYI A.S.
7113 TOP GLOVE CORPORATION BHD.
7153 KOSSAN RUBBER INDUSTRIES BHD.
PIDILITIND PIDILITE INDUSTRIES LIMITED
02689 NINE DRAGONS PAPER HOLDINGS LTD.
3532 FORMOSA SUMCO TECHNOLOGY
2049 HIWIN TECHNOLOGIES CORP.
002190 SICHUAN CHENGFEI INTEGRATION TECHNOLOGY (A)
002352 S.F. HOLDING CO. LTD. CLASS A
300122 CHONGQING ZHIFEI BIOLOGICAL PRODUCTS CO. LTD. CLASS A
300012 CENTRE TESTING INTERNATIONAL GROUP CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
300347 HANGZHOU TIGERMED CONSULTING CO. LTD. CLASS A
300328 DONGGUAN EONTEC (A)
02066 SHENGJING BANK (H)
300450 WUXI LEAD INTELLIGENT EQUIPMENT CO. LTD. CLASS A
300497 JIANGXI FUSHINE PHARMACEUTICAL CO LTD.
0914 ANHUI CONCH CEMENT COMPANY LIMITED CLASS H
002465 GUANGZHOU HAIGE COMMUNICATIONS GROUP INCORPORATED COMPANY CLASS A
EQTL3 EQUATORIAL ENERGIA S.A.
300219 GUANGZHOU HONGLI OPTO ELECTRONIC (A)
ZTO ZTO EXPRESS (CAYMAN) INC. SPONSORED ADR CLASS A
603658 AUTOBIO DIAGNOSTICS CO. LTD. CLASS A
2269 WUXI BIOLOGICS (CAYMAN) INC.
300601 SHENZHEN KANGTAI BIOLOGICAL PRODUCTS CO. LTD. CLASS A
300630 HAINAN POLY PHARM (A)
GDS GDS HOLDINGS LTD. SPONSORED ADR CLASS A
603707 NANJING KING-FRIEND BIOCHEMICAL PHARMACEUTICAL CO. LTD. CLASS A
LUCK SENTRAL MITRA INFORMATIKA
603638 YANTAI EDDIE PRECISION MACHINERY CO. LTD. CLASS A
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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