Shanghai-Beijing High-Speed Rail (601816 CH): Strong Cash Flow Anchors the Story
​Strong cash flow, dividend stability, and growth leading to a net cash position in 3-4 years. BUY recommendation with TP of CNY6.00 for a reliable...
157 Views
EM Strategy: MSCI EM Financials & Energy Improving-Overweight; Overweights: Taiwan, India, Mexico
MSCI EM Financials & Energy Improving -- Upgrading to Overweight; MSCI EM Technology remains an Overweight. Top Country Overweights: Taiwan, India,...
418 Views
China Rail: Implications of the Beijing-Shanghai High Speed Railway IPO
IPO of Beijing-Shanghai High Speed Railway Co was approved last month, which we consider to be a good start for China Railway to introduce...
581 Views
SSE50 Index Rebalance Preview: Forecast Changes & Borderline Names for June
There could be 5 changes. Estimated one-way turnover is 6.4% and round-trip trade is CNY 13bn (US$1.9bn). Index arb balance will increase flow and...
440 Views
Northbound Flows (2Q2025): Catl, Moutai, Midea, Jiangsu Hengrui Medicine
We analyzed the Shanghai/Shenzhen Connect Scheme for June and highlighted flows for Catl, Moutai, Midea, Jiangsu Hengrui Medicine, Wuliangye.
412 Views