China Property: Silver Lining Through the Fog
Getting China property right is crucial for China equity investors. The housing market is not collapsing but stabilizing in our view, gradually...
210 Views
Pinduoduo (PDD US): Oversold on Concerns About Slowdown
2Q results did signal imminent slowdown in growth which the market has been pricing in for most part of the year. The stock was oversold, yet we...
292 Views
Alibaba (BABA US): Strategy at Work
June quarter results show success of overhaul strategy with stabilizing market share and profitability, leading to projected 14% earnings CAGR by...
476 Views
Yum China (9987 HK): The Best Long-Term China Catering Play
Cost optimization driving 2Q beat is not one-off actions but long-term strategy with enduring and strategic benefits. Deflationary concerns are...
238 Views
BCIA (694 HK): Risk Reward Payoff Gets Increasingly Attractive
Market's muted response to weaker-than-expected 1H24 preliminary results suggest investors are looking beyond. Potential price hikes and resumption...
243 Views