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Caixin Global

Articles from Caixin Global

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Cross Asset Strategy

<ul><li>TOP STORIES Cover Story: Europe Fortifies Against China’s New Export Juggernaut A blistering summer heatwave has emptied European store shelves of Chinese portable air conditioners.</li><li>While the trade of these home appliances flows unimpeded, a contentious battle is sweeping the continent over the aggressive expansion of Chinese advanced manufacturing and e-commerce into the European Union (EU).</li><li>FINANCE &amp; ECONOMY China Deploys ‘National Team’ in Multi-Pronged Stock Market Rescue China is orchestrating a coordinated rescue of its plunging stock market, mobilizing state-backed entities to inject billions of dollars to shore up investor confidence.</li></ul>

TOP STORIES Cover Story: Europe Fortifies Against China’s New Export Juggernaut A blistering summer heatwave has emptied European store shelves of Chinese portable air conditioners.While the trade of these home appliances flows unimpeded, a contentious battle is sweeping the continent over the aggressive expansion of Chinese advanced manufacturing and e-commerce into the European Union (EU).FINANCE &amp; ECONOMY China Deploys ‘National Team’ in Multi-Pronged Stock Market Rescue China is orchestrating a coordinated rescue of its plunging stock market, mobilizing state-backed entities to inject billions of dollars to shore up investor confidence.

CX Daily: Europe Fortifies Against China’s New Export Juggernaut 

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Thematic (Sector/Industry)

<ul>
<li>Vehicle-To-Grid (V2G) technology is rapidly expanding, and China is at the forefront, with the world's largest EV market.  Utilizing large onboard batteries and AI chips, NEVs could soon generate tokens.</li>
<li> China holds 60% of the global ESS market and targets 180GW of new capacity by 2027. NDRC is mandating V2G integration and targets 10+GW of flexible EV storage by 2030.</li>
<li>CATL Chairman Zeng stated in June 2026 that many EVs could be turned into "token factories" by tapping their batteries and AI chips to handle AI model inference workloads.</li>
</ul>


Vehicle-To-Grid (V2G) technology is rapidly expanding, and China is at the forefront, with the world's largest EV market.  Utilizing large onboard batteries and AI chips, NEVs could soon generate tokens.
 China holds 60% of the global ESS market and targets 180GW of new capacity by 2027. NDRC is mandating V2G integration and targets 10+GW of flexible EV storage by 2030.
CATL Chairman Zeng stated in June 2026 that many EVs could be turned into "token factories" by tapping their batteries and AI chips to handle AI model inference workloads.


Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>After a close to a 40% 1 year share price performance, the Bermaz<a href="https://www.smartkarma.com/entities/bermaz-auto-berhad" target="_blank" data-smartkarma-citation="entities:14850:1" rel="noopener"> Auto (BAUTO MK)</a> share price could look a little expensive. </li>
<li>Valuations are not too undemanding, and the near-term catalysts seem to be working, and are margins accretive as well. </li>
<li>For dividend, start accumulating, while for capital appreciation, let's wait for the next quarter to determine whether the recent spike is not a fluke. </li>
</ul>


After a close to a 40% 1 year share price performance, the Bermaz Auto (BAUTO MK) share price could look a little expensive. 
Valuations are not too undemanding, and the near-term catalysts seem to be working, and are margins accretive as well. 
For dividend, start accumulating, while for capital appreciation, let's wait for the next quarter to determine whether the recent spike is not a fluke. 


Bermaz Auto (BAUTO): Recovery on the Way?

Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Chief Executive Officer

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

<ul>
<li>China is again finding favour among investors but investment in Chinese equities has to be nuanced and calibrated. Even high growth and policy beneficiary sectors have underperformed lately.</li>
<li>Avoiding the victims of involution, selecting market leaders who can protect their margins and companies with overseas manufacturing bases who can protect their foreign margins seem a viable strategy.</li>
<li>Latest consumption trends indicate strength in communication equipment, gold and silver jewelry, beverages and cosmetics. Precautionary buying of precious metals indicates that high dividend yield stocks could do well too.</li>
</ul>


China is again finding favour among investors but investment in Chinese equities has to be nuanced and calibrated. Even high growth and policy beneficiary sectors have underperformed lately.
Avoiding the victims of involution, selecting market leaders who can protect their margins and companies with overseas manufacturing bases who can protect their foreign margins seem a viable strategy.
Latest consumption trends indicate strength in communication equipment, gold and silver jewelry, beverages and cosmetics. Precautionary buying of precious metals indicates that high dividend yield stocks could do well too.


Asian Equities: Investing in China Necessitates a Careful and Calibrated Approach

<ul>
<li>China dominates the global battery market and its manufacturers are expanding production rapidly into international markets.  Players like CATL support global automakers with the most advanced battery technology.</li>
<li>Growth of renewable energy has increased demand for Energy Storage Solutions (ESS). ESS stores energy from renewable sources, stabilizes the power grid, and provides power for industrial and commercial buildings. </li>
<li>China's battery companies are benefiting from AI data center (AIDC) storage growth, which has created intense demand for specialized energy storage solutions for this sector.</li>
</ul>


China dominates the global battery market and its manufacturers are expanding production rapidly into international markets.  Players like CATL support global automakers with the most advanced battery technology.
Growth of renewable energy has increased demand for Energy Storage Solutions (ESS). ESS stores energy from renewable sources, stabilizes the power grid, and provides power for industrial and commercial buildings. 
China's battery companies are benefiting from AI data center (AIDC) storage growth, which has created intense demand for specialized energy storage solutions for this sector.


CHINA'S BATTERY SECTOR OUTLOOK: You're Either Positive or Negative!

China

XPeng designs, develops, manufactures, and markets smart electric vehicles, integrating advanced technologies like autonomous driving and intelligent operating systems. Its product lineup includes a range of smart electric sedans, SUVs, and MPVs. The company was founded in 2014 and is headquartered in Guangzhou, China.

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XPeng (9868 HK)

CX Daily: Europe Fortifies Against China’s New Export Juggernaut

TOP STORIES Cover Story: Europe Fortifies Against China’s New Export Juggernaut A blistering summer heatwave has emptied European store shelves of...

Caixin Global

EVs: THE NEW AI TOKEN FACTORIES

Guoxia Tech (2655 HK) has surged 53% over 2 days on high volume. The driver is a continuation of the AI-linked energy storage re-rating that began...

David Mudd

Bermaz Auto (BAUTO): Recovery on the Way?

Bermaz Auto recovery this year has been fantastic - especially when FY 2025 result was very poor. For dividend - start accumulating while for...

Henry Soediarko

Asian Equities: Investing in China Necessitates a Careful and Calibrated Approach

Investing in CN equity needs a nuanced approach, focusing on market leaders who can protect margins during "involution" & companies with foreign...

Manishi Raychaudhuri

CHINA'S BATTERY SECTOR OUTLOOK: You're Either Positive or Negative!

CATL is considering an equity offering of up to $5B to accelerate its overseas capacity build-out and battery project deals, especially in energy...

David Mudd

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

CX Daily: Europe Fortifies Against China’s New Export Juggernaut

TOP STORIES Cover Story: Europe Fortifies Against China’s New Export Juggernaut A blistering summer heatwave has emptied European store shelves of...

Caixin Global

EVs: THE NEW AI TOKEN FACTORIES

Guoxia Tech (2655 HK) has surged 53% over 2 days on high volume. The driver is a continuation of the AI-linked energy storage re-rating that began...

David Mudd

Bermaz Auto (BAUTO): Recovery on the Way?

Bermaz Auto recovery this year has been fantastic - especially when FY 2025 result was very poor. For dividend - start accumulating while for...

Henry Soediarko

Asian Equities: Investing in China Necessitates a Careful and Calibrated Approach

​Investing in CN equity needs a nuanced approach, focusing on market leaders who can protect margins during "involution" & companies with foreign...

Manishi Raychaudhuri

CHINA'S BATTERY SECTOR OUTLOOK: You're Either Positive or Negative!

CATL is considering an equity offering of up to $5B to accelerate its overseas capacity build-out and battery project deals, especially in energy...

David Mudd

Investing in CN equity needs a nuanced approach, focusing on market leaders who can protect margins during "involution" & companies with foreign...