China A-Shares: EM Active Funds Overweight Ahead of Index Rebalance
In this report, we analyse China A-Share allocations among global emerging market funds. EM funds are already overweight, on average, versus the...
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EM Positioning Review 2017. The Key Drivers of Performance
In order to understand the drivers of performance among EM active managers, we create a portfolio based on the aggregated holdings of 134 global...
152 Views
A Review on China Online Baijiu Sales in 2017 – High-End Baijiu Is Keeping up the Momentum
Data up to Nov 2017 Baijiu online sales continue to be driven by holidays and promotion events; Chinese New Year, June, and November tend to be the...
320 Views
Kweichow Moutai: A Long-Term Winner Amid Premiumization
Following a strong rally at 85% in the year to date, we think shares of Kweichow Moutai Co Ltd A (600519 CH) are fairly valued, trading at a...
273 Views
Raising Moutai's FVE to CNY 400 as Strong Demand for Flying Moutai Persists; Shares Fairly Valued
Although wide-moat-rated Kweichow Moutai’s fourth quarter 2016 earnings were lower than our forecasts, owing to higher-than-expected consumption...
206 Views