Discover SZ/​SH Connect: Foreigners Were Buying Industries and Financials in December
In our Discover SZ/SH Connect series, we aim to help our investors understand the flow of northbound trades via the Shanghai Connect and Shenzhen...
659 Views
Angang Steel: More Pain Ahead on Chinese Steel Overproduction. PT Cut to HK$5
We believe overproduction and lower steel prices into 1H19 will lead to material downward revisions in Angang’s NTM EBITDA forecasts and its stock...
479 Views
Supply-Side Discipline Eased; Pricing & Profits to Suffer
INVESTMENT VIEW: Beijing will not renew significant cuts to steel production and coal usage this winter. Industry contacts forecast this will...
433 Views
China Steel Industry: Are Overcapacity Issues Resolved?
We remain selective in the Asian steel space, as overcapacity issues are here to stay.China's steel industry has long been affected by overcapacity...
406 Views
Policy Easing Pushes Out Our Correction Call, But Headwinds to Return into FY19
INVESTMENT VIEW:Despite having pushed out the timing on our call for a meaningful correction in steel prices, we remain Cautious on the outlook for...
540 Views