Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

In this report, we use intermarket analysis to analyze XLY (Consumer Discretionary SPDR ETF) vs. XLP (Consumer Staples Select Sect. SPDR ETF). The use of intermarket analysis is a practical method of assessing the future inflection points in the economy and the stock market.  Intermarket analysis is intuitive and logical. For example, we take two widely followed consumer ETFs, including XLY (discretionary) and XLP (staples). We use the US ETFs since they are the most liquid and have the deepest…

In this report, we use intermarket analysis to analyze XLY (Consumer Discretionary SPDR ETF) vs. XLP (Consumer Staples Select Sect. SPDR ETF). The use of intermarket analysis is a practical method of assessing the future inflection points in the economy and the stock market.  Intermarket analysis is intuitive and logical. For example, we take two widely followed consumer ETFs, including XLY (discretionary) and XLP (staples). We use the US ETFs since they are the most liquid and have the deepest…

CHINA - Healthcare, Steel, Autos, Education, Research From Beijing

Scott Laprise/ 乐天虎

CHINA - Healthcare, Steel, Autos, Education

<ul>
<li>GM and Shanghai Auto fined Rmb201mn for fixing prices on certain car models.</li>
<li>The fine was set at 4% of the models in question, the law allows for a 1-10% penalty.</li>
<li>The fine is small at 1.3% of profits and levied by the Shanghai government.</li>
<li>Shanghai Auto (SAIC) is the JV partner for GM in China.</li>
<li>This probe began in 2014 though investigations began in 2011 upon receiving auto dealer complaints.</li>
<li>Price fixing is a practice common by foreign automakers in China.</li>
<li>
Audi and Chrysler were fined for price fixing…</li>
</ul>


GM and Shanghai Auto fined Rmb201mn for fixing prices on certain car models.
The fine was set at 4% of the models in question, the law allows for a 1-10% penalty.
The fine is small at 1.3% of profits and levied by the Shanghai government.
Shanghai Auto (SAIC) is the JV partner for GM in China.
This probe began in 2014 though investigations began in 2011 upon receiving auto dealer complaints.
Price fixing is a practice common by foreign automakers in China.

Audi and Chrysler were fined for price fixing…


Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

Riedel Research

Riedel provides equity research and analysis to leading financial organizations. By becoming members of a region (Asia, Latin America, Emerging Europe or Global), organizations have access to an integrated set of services including:

Regular company coverage reports
Up-to-date investment decision advice (buy, hold, sell)
Monthly regional and global conference calls
Customized company reports and unlimited on-line access to the program's services.

Riedel provides research coverage of companies across the full range of market capitalization. Experienced research professionals in each market develop company reports and analysis as well as earnings models and projections. Ratings are Buy, Hold and Sell with a focus on compelling investment ideas - both long and short. Downloadable, dynamic earnings models are built to facilitate sensitivity analysis.

Please feel free to contact us for complimentary access to our written research.  We want to show you that our unique research flow can add value and help develop a long-term, high value-add relationship.

Riedel's model focuses on providing clients with unique insights and consulting in addition to unlimited access to all produced research This model allows members to receive exponential benefits for their retainer fees.

<ul>
<li>
Russia: Trump presidency, likely lifting of western sanctions and a stabilizing economy boost prospects for Russia.</li>
<li>
Mexico: Fitch downgrades outlook to ‘negative; on concerns about growth and challenges to public finances.</li>
<li>
China: CPI of 2.3% was higher than expected but still below 3% target.</li>
</ul>The US Fed outlook for three rate hikes in 2017 is based on flawed assumptions.  They are expecting that the US economy in 2017 is similar to the back half of 2016.  We believe this is a flawed assumption as…



Russia: Trump presidency, likely lifting of western sanctions and a stabilizing economy boost prospects for Russia.

Mexico: Fitch downgrades outlook to ‘negative; on concerns about growth and challenges to public finances.

China: CPI of 2.3% was higher than expected but still below 3% target.
The US Fed outlook for three rate hikes in 2017 is based on flawed assumptions.  They are expecting that the US economy in 2017 is similar to the back half of 2016.  We believe this is a flawed assumption as…

US Fed 2017 Rate Hike Outlook Based on Flawed Assumptions

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Given the wide popularity of making all types of travel bookings online, the travel industry continues to be one of the industries most impacted by the rise of the connected consumer. Online travel sales are continuing to outpace the industry’s overall growth rates. Countries such as China and South Korea are appealing to the mobile-first mindset of today’s traveler. As a result of this need to design travel offerings with the digital consumer in mind, Euromonitor International set out to explore market nuances in order to pinpoint five of the most promising countries for digitalgrowth in the travel industry:

Given the wide popularity of making all types of travel bookings online, the travel industry continues to be one of the industries most impacted by the rise of the connected consumer. Online travel sales are continuing to outpace the industry’s overall growth rates. Countries such as China and South Korea are appealing to the mobile-first mindset of today’s traveler. As a result of this need to design travel offerings with the digital consumer in mind, Euromonitor International set out to explore market nuances in order to pinpoint five of the most promising countries for digitalgrowth in the travel industry:

Five Key Travel Markets to Watch for Digital Growth

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/180" target="_blank" data-smartkarma-citation="entities:180:1">Ctrip.com International (ADR) (CTRP US)</a> will announce its Q3 (September) results on Wednesday, November 23rd after the market closes in New York, to be followed by a conference call at 700PM EST that evening. Putting aside the very curious timing of the earnings release -- announcing results just as the US investment community leaves their offices to enjoy the four-day Thanksgiving break -- we believe this set of numbers is especially important for CTRP. In this brief note we preview what we…

Ctrip.com International (ADR) (CTRP US) will announce its Q3 (September) results on Wednesday, November 23rd after the market closes in New York, to be followed by a conference call at 700PM EST that evening. Putting aside the very curious timing of the earnings release -- announcing results just as the US investment community leaves their offices to enjoy the four-day Thanksgiving break -- we believe this set of numbers is especially important for CTRP. In this brief note we preview what we…

Ctrip.com Q3 Earnings Preview: Is There Actually a Path to Profitability in 2017?

United States

Expedia Group, Inc. provides branded online travel services for leisure and small business travelers. The Company offers a wide range of travel shopping and reservation services, providing real-time access to schedule, pricing and availability information for airlines, hotels, and car rental companies.

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Expedia Group, Inc. (EXPE US)

Intermarket Analysis (1): XLY Versus XLP

In this report, we use intermarket analysis to analyze XLY (Consumer Discretionary SPDR ETF) vs. XLP (Consumer Staples Select Sect. SPDR ETF). The...

Douglas Kim

GM Fined for Price Fixing in China

GM and Shanghai Auto fined Rmb201mn for fixing prices on certain car models. The fine was set at 4% of the models in question, the law allows for...

Scott Laprise/ 乐天虎

US Fed 2017 Rate Hike Outlook Based on Flawed Assumptions

Russia: Trump presidency, likely lifting of western sanctions and a stabilizing economy boost prospects for Russia. Mexico: Fitch downgrades...

David Riedel

Five Key Travel Markets to Watch for Digital Growth

Given the wide popularity of making all types of travel bookings online, the travel industry continues to be one of the industries most impacted by...

Euromonitor International Ltd.

Ctrip.com Q3 Earnings Preview: Is There Actually a Path to Profitability in 2017?

Ctrip.com International (ADR) (CTRP US) will announce its Q3 (September) results on Wednesday, November 23rd after the market closes in New...

Daniel Hellberg

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