DATA REAL ESTATE VIEWS & ANALYSIS China’s top-tier cities saw residential rents drop for sixth straight month in Dec, lower-tier cities’ rents grew at faster rate – research >>>
COMPANY NEWS STOCKS VIEWS & ANALYSIS Tide turns more positive for Chinese banks, state-owned lenders favoured – research >>>
STOCKS VIEWS & ANALYSIS Asian equities to rise 12% in 2024 driven by Chinese, Indian markets; HSI year-end target cut to 19,300 – HSBC >>>
VIEWS & ANALYSIS China’s advertising market to grow by slower pace in Q4, online advertising to grow 10% in 2024 – UBS >>>
COMPANY NEWS VIEWS & ANALYSIS Morgan Stanley maintains fair view on China’s auto industry, favors deep value, theme stocks in auto, mobile-sharing markets >>>
VIEWS & ANALYSIS China’s M&A activities expected to become more active this year, cooperation between large firms to be future trend – UBS >>>
COMPANY NEWS STOCKS VIEWS & ANALYSIS Market too optimistic about China’s internet sector in 2024; top picks are PDD, Tencent, Trip.com, ZTOÂ – Macquarie >>>
COMMODITIES VIEWS & ANALYSIS Global oil consumption in Dec grew slowest in nine months – JPMorgan >>>
COMPANY NEWS STOCKS VIEWS & ANALYSIS Goldman Sachs lowered Li Ning’s earnings forecast, target price, citing slower sales growth, higher expenses >>>
COMPANY NEWS STOCKS VIEWS & ANALYSIS CICC expects HKEX’s Q4 Profit to drop 12% on year, 2023 profit to rise 18% >>>
COMPANY NEWS STOCKS VIEWS & ANALYSIS HSBC kept Xpeng at Buy, but cut target price, earnings forecast to reflect higher price pressure >>>
COMPANY NEWS VIEWS & ANALYSIS Fitch downgraded ratings of China’s four national asset managers, citing easing expectation of government support
COMPANY NEWS STOCKS VIEWS & ANALYSIS Chinese dotcoms experience slower economic environment, peaked user growth, changes in user structure; Tencent, PDD, Alibaba favored – UBS >>>
DATA REAL ESTATE VIEWS & ANALYSIS China’s foreclosed homes jumped over 33% on year in Jan – Nov of 2023 – research >>>
REAL ESTATE VIEWS & ANALYSIS Chinese banks’ latest deposit rate cut aimed at easing NIMs pressure, doesn’t see room for more lending rate cut – JPMorgan >>>
BONDS COMPANY NEWS REAL ESTATE VIEWS & ANALYSIS Fitch downgrade Dalian Wanda’s long-term foreign-currency issuer default raging to Restricted Default >>>
COMPANY NEWS STOCKS VIEWS & ANALYSIS Alibaba’s frequent management changes not welcomed by market; setup of asset management company signals faster non-core asset disposal – JPMorgan >>>>
COMPANY NEWS REAL ESTATE STOCKS VIEWS & ANALYSIS CICC slashed Country Garden Services’ 2023 net profit by 89%, target price by 19%after impairment provisions >>>
VIEWS & ANALYSIS China’s EV pricing pressure remains; BYD Company and Li Auto preferred – HSBC Global Research >>>
VIEWS & ANALYSIS Citi keeps Macau’s Dec GGR forecast at MOP17.5 bn, expects GGR in Christmas & New Year to expedite >>>
MACRO VIEWS & ANALYSIS China has condition to achieve 5% growth in 2024, has room to step up fiscal policy – PBOC advisor >>>
MACRO VIEWS & ANALYSIS Latest data shows no signs of improvement in China’s property sales, sales weakened further in Nov despite low base – JPMorgan >>>
MACRO VIEWS & ANALYSIS China’s weak consumption momentum to continue in 2024, market expectations very low – Daiwa >>>
REAL ESTATE VIEWS & ANALYSIS China’s new home sales flattened out on year last week; gradual release of phased sell-off pressure on property developers lead to trading opportunities – CICC >>>
COMPANY NEWS REAL ESTATE STOCKS VIEWS & ANALYSIS Country Garden Services’ impairment announcement consolidated market concerns, expected to write down almost all receivables from Country Garden – JPMorgan
COMPANY NEWS REAL ESTATE STOCKS VIEWS & ANALYSIS Country Garden Services’ annual dividend expected to be zero as impairment makes up 75% – 96% of net profit forecast – UBS >>>
COMPANY NEWS REAL ESTATE VIEWS & ANALYSIS Country Garden Services’ impairment provision in line with expectations, more impairments expected in coming years – Morgan Stanley >>>
MACRO VIEWS & ANALYSIS Moody’s cut rating outlook for Chinese banks, companies, local government financing vehicles after change of sovereign rating outlook >>>