In today’s briefing:
- Lucror Analytics – Morning Views Asia
- Greentown China – Strong Earnings, Good Net Debt Reduction
Lucror Analytics – Morning Views Asia
- In the US, New York Fed President John Williams said tariffs could produce “more prolonged effects” on inflation, as indirect effects from the new duties “might not be fully felt for a couple of years”.
- Mr Williams added that “there’s a lot of uncertainty about how the economy will evolve and a lot of uncertainty about all the policy actions”, and hence expects the US central bank to keep interest rates unchanged for “some time”.
- Treasuries gained for a second day yesterday on continued safe-haven flows, ahead of US President Donald Trump’s expected announcement of reciprocal tariffs tomorrow.
Greentown China – Strong Earnings, Good Net Debt Reduction
- Greentown China’s FY 2024 results were robust, considering its above-industry sales, stable margins and meaningful net debt reduction.
- In particular, the property development gross margin remained strong relative to peers.
- Importantly, the company has demonstrated good access to onshore and offshore financing.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
