Market Unfazed by China’s RRR Cut, RMB Depreciation, Escalating US-China Tension Beyond Trade
We advise clients to cut their long exposure to China as domestic macro downside, currency risk and the US-China tensions intensify. These risks...
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S&P 500: A Pause in the Uptrend - More Consolidation Expected.
In last week’s Compass we noted the S&P 500 was near the top end of the uptrend channel and that the index could fall 2.75%-3.25% before we get...
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Wynn (1128 HK): Solid Revenue Momentum in Macau
Improving asset turnover, good gross profit return, and low correlation with Western stock markets relative to its sector Wynn is the...
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Wynn Resorts Ltd: Perceived Trade War Headwinds Create a True Bargain Entry Point Here at US$166
China trade war fears shake the sector, but Wynn fundamentals are solid. The stock took a bigger percentage hit than others in the sector, down...
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Melco International Development: Liquidity Vs. Rising Debt
We initiate our coverage on Melco International Development Ltd (200 HK) (Melco) and its consolidated subsidiaries with an UNDERWEIGHT...
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