DRB Hicom (DRB): Proton to China
Event SigningOn the 18th of August 2018, Proton (a unit of DRB-Hicom Bhd (DRB MK)) and Geely Automobile Holdings (175 HK) have signed a 50:50 JV...
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Tata Motors: A Tesla Capex
Executive summary We initiate our coverage on Tata Motors Ltd (TTMT IN) (“TM”) with a NEUTRAL recommendation on all TMIN complex on the...
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Brilliance China Auto – Victim of Open Market Access
Brilliance China Auto (1211 HK) is an early victim of China’s open market access, which unfortunately, is largely due to the OEM's incompetence. ...
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May China Auto Demand: Weak SAAR Leaves Lingering Headwinds for 2H
Based on CAAM's data release, May SAAR in China came in at 27.5m units (-5.3% MoM, +0.6% YoY), with YTD average SAAR coming in at 28.4m units. ...
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Geely (175 HK): SUVs and Crossovers to Drive Growth
Solid long-term earnings growth, good price momentum, and good cost management relative to its sector SUVs and Crossovers should continue to drive...
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