Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Equity Bottom-Up

<ul>
<li>China’s largest new-energy vehicle (NEV) manufacturer BYD Co. Ltd. reported record sales last month as China stepped up stimulus to shore up sluggish economic growth.</li>
<li>In September, Hong Kong- and Shenzhen-listed BYD sold 201,259 NEVs, a category that includes electric and hybrid vehicles.</li>
<li>The figure was up 183% year-on-year and marked the seventh consecutive month of growth.</li>
</ul>


China’s largest new-energy vehicle (NEV) manufacturer BYD Co. Ltd. reported record sales last month as China stepped up stimulus to shore up sluggish economic growth.
In September, Hong Kong- and Shenzhen-listed BYD sold 201,259 NEVs, a category that includes electric and hybrid vehicles.
The figure was up 183% year-on-year and marked the seventh consecutive month of growth.


BYD Sales Hit Record High as China Steers Stimulus to Auto Market

Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Credit

<ul>
<li>Elon to Judge: Twitter Lies! Twitter is a fraudster! I am NOT buying Twitter! </li>
<li>Also Elon: Never mind. Carry on. Twitter: Riiiight. We'll see.</li>
<li>Elon's Bankers: WUT? WE HAVE TO SELL "CCC" LBP BONDS NO ONE WANTS TO BUY?</li>
</ul>


Elon to Judge: Twitter Lies! Twitter is a fraudster! I am NOT buying Twitter! 
Also Elon: Never mind. Carry on. Twitter: Riiiight. We'll see.
Elon's Bankers: WUT? WE HAVE TO SELL "CCC" LBP BONDS NO ONE WANTS TO BUY?


Elon V. Twitter: Elon Caved...For Sure...Maybe

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>CALB raised around US$1.2bn in its Hong Kong IPO, after pricing its offering at the low-end.</li>
<li>CALB undertakes design, R&amp;D, production and sales of EV batteries and Energy Storage Systems (ESS) products.</li>
<li>In this note, we will talk about the demand for the deal and other trading dynamics.</li>
</ul>


CALB raised around US$1.2bn in its Hong Kong IPO, after pricing its offering at the low-end.
CALB undertakes design, R&amp;D, production and sales of EV batteries and Energy Storage Systems (ESS) products.
In this note, we will talk about the demand for the deal and other trading dynamics.


CALB IPO Trading - Last of the Lot with the Least Demand of the Lot

<ul>
<li>Q3 deliveries were an impressive 343,830, a bit better vs my cautious 331,104 est;</li>
<li>But results trailed plunging market projections &amp; Tesla's own guidance by 20,000-50,000; </li>
<li>Even worse, the shortfall meant sales trailed production by record 22,100.</li>
</ul>


Q3 deliveries were an impressive 343,830, a bit better vs my cautious 331,104 est;
But results trailed plunging market projections &amp; Tesla's own guidance by 20,000-50,000; 
Even worse, the shortfall meant sales trailed production by record 22,100.


Tesla Q3 Deliveries Trail Even Sharply Reduced Market Consensus—And It's Own Best Guess

Thematic (Sector/Industry)

<ul>
<li>China’s Ministry of Industry and Information Technology and Ministry of Finance extended the exemption on 10% purchase taxes for new energy vehicles (NEVs) until the end of 2023</li>
<li>The government has been signaling the third extension of the purchase-tax exemption since July.</li>
<li>In August, Premier Li Keqiang told a State Council executive meeting that the tax exemptions will amount to 100 billion yuan ($14 billion)</li>
</ul>


China’s Ministry of Industry and Information Technology and Ministry of Finance extended the exemption on 10% purchase taxes for new energy vehicles (NEVs) until the end of 2023
The government has been signaling the third extension of the purchase-tax exemption since July.
In August, Premier Li Keqiang told a State Council executive meeting that the tax exemptions will amount to 100 billion yuan ($14 billion)


China Extends NEV Purchase Tax Exemption Another Year

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

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Tesla (TSLA US)

BYD Sales Hit Record High as China Steers Stimulus to Auto Market

China’s largest new-energy vehicle (NEV) manufacturer BYD Co. Ltd. reported record sales last month as China stepped up stimulus to shore up...

Caixin Global

Elon V. Twitter: Elon Caved...For Sure...Maybe

Elon to Judge: Twitter Lies! Twitter is a fraudster! I'm NOT buying Twitter! Also Elon: Never mind. Carry on. Twitter: Hmm. Elon's Bankers: WUT? WE...

Vicki Bryan

CALB IPO Trading - Last of the Lot with the Least Demand of the Lot

CALB raised around US$1.2bn in its Hong Kong IPO, after pricing its offering at the low-end. In this note, we talk about the demand for the deal...

Sumeet Singh

Tesla Q3 Deliveries Trail Even Sharply Reduced Market Consensus—And It's Own Best Guess

Q3 deliveries at 343,830 were better vs my cautious 331,104 est, but came in 20,000-50,000 lower vs plunging market projections & Tesla's own...

Vicki Bryan

China Extends NEV Purchase Tax Exemption Another Year

China’s Ministry of Industry and Information Technology and Ministry of Finance extended the exemption on 10% purchase taxes for new energy...

Caixin Global

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