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…

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Kelusa Asia Focus Funds

Equity Bottom-Up

Yet another year, yet another decent miss on deliveries for Tesla.  This in spite of a lot of reported discounting activity for Q4 2016 on its cars. This is a fork to my previous insight <a href="https://www.smartkarma.com/insights/will-tesla-resume-discounting-for-q4-2016-or-miss" target="_blank" data-smartkarma-citation="insights:7454">Will Tesla Resume Discounting for Q4 2016 or Miss ?</a> The answer to this question is, that it looks like they just did both.To summarize, at the start of the year Tesla promised to deliver 85,000-90,000 cars for 2017.  By the end of Q3 2016, the number was down to 80,000. After market, Tesla have come in with an…

Yet another year, yet another decent miss on deliveries for Tesla.  This in spite of a lot of reported discounting activity for Q4 2016 on its cars. This is a fork to my previous insight Will Tesla Resume Discounting for Q4 2016 or Miss ? The answer to this question is, that it looks like they just did both.To summarize, at the start of the year Tesla promised to deliver 85,000-90,000 cars for 2017.  By the end of Q3 2016, the number was down to 80,000. After market, Tesla have come in with an…

Tesla Miss Delivery Guidance by 10% for Q4 2016, Blame Production Again?

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

Asia and Global Semiconductor and Tech Research

Andrew Lu

<h2>Summary</h2><ul>
<li>
Tesla CTO JB in Taipei: Despite we are still concerning Tesla's near-term earning prospects, JB, Tesla's Co-founder &amp; CTO, gave us Tesla's solid long-term mission to accelerate the world's transition to sustainable transportation and energy at "Tesla's Innovation: From Electric Car to New Power System" Taipei conference.</li>
<li>
Battery energy density continues to improve and remove concerns on the battery wastes: JB expects new battery technology to emerge, but Li-ion might last for another ten…</li>
</ul>

Summary

Tesla CTO JB in Taipei: Despite we are still concerning Tesla's near-term earning prospects, JB, Tesla's Co-founder &amp; CTO, gave us Tesla's solid long-term mission to accelerate the world's transition to sustainable transportation and energy at "Tesla's Innovation: From Electric Car to New Power System" Taipei conference.

Battery energy density continues to improve and remove concerns on the battery wastes: JB expects new battery technology to emerge, but Li-ion might last for another ten…


Tesla's CTO JB at Conference in Taipei; Primary Takeaways

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

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Tesla (TSLA 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

Tesla Miss Delivery Guidance by 10% for Q4 2016, Blame Production Again?

Yet another year, yet another decent miss on deliveries for Tesla. This in spite of a lot of reported discounting activity for Q4 2016 on its...

Sameer Taneja

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

Tesla's CTO JB at Conference in Taipei; Primary Takeaways

Summary Tesla CTO JB in Taipei: Despite we are still concerning Tesla's near-term earning prospects, JB, Tesla's Co-founder & CTO, gave us...

Andrew Lu

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