EM Strategy: MSCI EM Approaching Resistance; India Breaking Out to New Highs -- Add Exposure
The MSCI EM index has recovered over the last couple of weeks and is now approaching a logical resistance level. We reiterate: avoid broad EM...
696 Views
EM Equity Strategy: Overweight BRIC
Emerging markets continue to outperform developed international equities, and within EM, the BRIC country grouping remains leadership. In addition...
538 Views
The Week That Was in Greater China@ Smartkarma: We like Angang, Magang, Baozun; CEG, Jianpu for IPO
China's Singles Day reaped a record-breaking USD 25.3bn for Alibaba, double of 2016 Black Friday and Cyber Monday sales combined (Source: CNBC). At...
328 Views
Baozun (BZUN US) - Profitability Improvement on Track
Baozun released 2Q25 results: total revenue was RMB2.6bn, up 6.8% YoY, 3/4% better than our estimates/Bloomberg consensus...
302 Views
Baozun (BZUN US) - Quality Revenue Growth on Track
Our 2025E non-GAAP OP forecast for Baozun remains unchanged at RMB119mn. Our SOTP based TP was fine tuned to US$3.55 (was US$3.53). Maintain BUY.
392 Views