China Macroeconomics & Academia

Christopher Balding

Macroeconomics

The latest rebound of the Chinese economy is a reminder of how the country’s financial and industrial sector is in the strong grasp of Beijing. Last month’s unexpected industrial sector growth catapulted the belief of government’s interferance into the market which is leveraged by a strong real estate growth and government spending.Retail sales for August show an increase with the retail sales of consumer goods hiking to 10.6 from 10.2, depicting a strong increase in consumer spending. This…

The latest rebound of the Chinese economy is a reminder of how the country’s financial and industrial sector is in the strong grasp of Beijing. Last month’s unexpected industrial sector growth catapulted the belief of government’s interferance into the market which is leveraged by a strong real estate growth and government spending.Retail sales for August show an increase with the retail sales of consumer goods hiking to 10.6 from 10.2, depicting a strong increase in consumer spending. This…

Underlying Retail Sales Weakness in China

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Thematic (Sector/Industry)

<a href="https://www.smartkarma.com/entities/13644" target="_blank" data-smartkarma-citation="entities:13644:1">Coach Inc (COH US)</a> fell another -2.3% today in the US after an analyst downgrade, and the stock is down -14.4% since reporting unexciting Q4 FY16 earnings results on the morning of August 9th. We remain bearish on the stock; in our view, the Street's sales and earnings estimates for FY17 and FY18 remain far too optimistic given weaker spending by Asian tourists in the US and overly aggressive Street assumptions for Japanese and Chinese consumer spending. We also believe that COH will struggle to…

Coach Inc (COH US) fell another -2.3% today in the US after an analyst downgrade, and the stock is down -14.4% since reporting unexciting Q4 FY16 earnings results on the morning of August 9th. We remain bearish on the stock; in our view, the Street's sales and earnings estimates for FY17 and FY18 remain far too optimistic given weaker spending by Asian tourists in the US and overly aggressive Street assumptions for Japanese and Chinese consumer spending. We also believe that COH will struggle to…

July Tourism & Macro Data Suggest Coach Q1 FY17 Will Disappoint

Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

Riedel Research

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<ul>
<li> In August the MNI China Consumer Sentiment Indicator (CSI) dropped to a very depressed level of 111.5, well under the threshold of 116 indicating consumers are in a state of panic.</li>
<li>A large part of the weakness stems from severe flooding (the worst since 1998) in northern and central China. It is estimated that floods have resulted in $33 billion in losses.</li>
<li>We believe that weakness seen in the CSI during August is the result of panic among consumers in reaction to the flood and not a reflection of…</li>
</ul>


 In August the MNI China Consumer Sentiment Indicator (CSI) dropped to a very depressed level of 111.5, well under the threshold of 116 indicating consumers are in a state of panic.
A large part of the weakness stems from severe flooding (the worst since 1998) in northern and central China. It is estimated that floods have resulted in $33 billion in losses.
We believe that weakness seen in the CSI during August is the result of panic among consumers in reaction to the flood and not a reflection of…


China Consumer Sentiment Drops in August As Flood Causes Panic - Actual Impact Insignificant

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Kelusa Asia Focus Funds

Equity Bottom-Up

August was yet another stellar month for Geely. With 3 SUV's now in full throttle its safe to assume that the rest of the year will feature stronger sales numbers and so now the focus should be on overall profitability. Key highlights were as follows :1. 69% YoY + 11% MoM, very strong numbers both seasonally and for the year. <div class="content-highlight">MONTH SALES DATA</div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/012/772/original/Geely1.png?1473075031" class="editor-image img-responsive" data-smartkarma-image-id="12772"></figure>source : Company <div class="content-highlight">SEAG CHART</div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/012/773/original/Geely2.png?1473075135" class="editor-image img-responsive" data-smartkarma-image-id="12773"></figure>source : CompanyAs you can see in the SEAG chart the 2016 sales number is just breaking out and this is due to the strong sales…

August was yet another stellar month for Geely. With 3 SUV's now in full throttle its safe to assume that the rest of the year will feature stronger sales numbers and so now the focus should be on overall profitability. Key highlights were as follows :1. 69% YoY + 11% MoM, very strong numbers both seasonally and for the year. MONTH SALES DATAsource : Company SEAG CHARTsource : CompanyAs you can see in the SEAG chart the 2016 sales number is just breaking out and this is due to the strong sales…

Geely : August , Another Great Month , Let's Focus on Profitability Now

The recent spate Chinese data released, seems to be promising due to the slow growth and relative decline in the real economic growth. This phenomenon owes much of the credit to the government’s credit injection into the economy and its subsequent tightening. Nevertheless, official retail sales data for July seems to be projecting the shift of consumer spending depicting the change in consumer choice.The total retail sales of consumer goods in July remained steady at 2,682. Although this…

The recent spate Chinese data released, seems to be promising due to the slow growth and relative decline in the real economic growth. This phenomenon owes much of the credit to the government’s credit injection into the economy and its subsequent tightening. Nevertheless, official retail sales data for July seems to be projecting the shift of consumer spending depicting the change in consumer choice.The total retail sales of consumer goods in July remained steady at 2,682. Although this…

Retail Sales in China Outside Headline Numbers Remain Weak

Hong Kong

Geely Automobile Holdings Limited operates as a passenger vehicles manufacturing company. The Company provides passenger vehicles development, manufacturing, sales, and other services. Geely Automobile Holdings also exports passenger vehicles.

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Geely Auto (175 HK)

Underlying Retail Sales Weakness in China

The latest rebound of the Chinese economy is a reminder of how the country’s financial and industrial sector is in the strong grasp of Beijing....

Christopher Balding

July Tourism & Macro Data Suggest Coach Q1 FY17 Will Disappoint

Coach Inc (COH US) fell another -2.3% today in the US after an analyst downgrade, and the stock is down -14.4% since reporting unexciting Q4 FY16...

Daniel Hellberg

China Consumer Sentiment Drops in August As Flood Causes Panic - Actual Impact Insignificant

In August the MNI China Consumer Sentiment Indicator (CSI) dropped to a very depressed level of 111.5, well under the threshold of 116 indicating...

David Riedel

Geely : August , Another Great Month , Let's Focus on Profitability Now

August was yet another stellar month for Geely. With 3 SUV's now in full throttle its safe to assume that the rest of the year will feature...

Sameer Taneja

Retail Sales in China Outside Headline Numbers Remain Weak

The recent spate Chinese data released, seems to be promising due to the slow growth and relative decline in the real economic growth. This...

Christopher Balding

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