Asia HY Trade Recommendations - January 2020 - Lucror Analytics
The Asia HY Trade Recommendations report for January includes a summary of our recommendations, as well as our high-conviction ideas. We also...
489 Views
Lonking (3339 HK): A Cheap and Quality Pick for China's Infrastructure Spending
Lonking Holdings (3339 HK) has been a laggard among the Chinese construction machinery companies in last year's rally. However, we think that the...
515 Views
China Construction Machinery: Buy Zoomlion, Sell Sany Heavy
Primary reasons for this insight: Although PBoC cut the RRR by 50bps on 6 Jan to ease the liquidity, which is positive to Industrials, we are...
514 Views
Zoomlion – Consensus Appears to Be Underestimating the Operating Leverage of This Late-Cycle Play
Some of China’s A-share construction machinery names had a very good 2019 as Sany rose 112%, XMCG rose 69% and Zoomlion rose 88% during the year....
473 Views
Asia HY Monthly - 2019 In Review And 2020 Outlook - Lucror Analytics
This month, we look at the developments of 2019, and in the “In-Focus” section, we discuss the outlook for Asian HY in 2020. The Asia Monthly...
525 Views