CIMC Vehicles Group IPO: A Reasonable Valuation
CIMC Vehicle Group Co Ltd (1706044D HK), a subsidiary of China International Marine Cntnrs Gp (2039 HK) (63% shareholder), is the largest...
604 Views
HCM: Setsumeikai Positive and Earnings Should Grow on Constant Currency Basis
We consider the tone of HCM's setsumeikai to have been largely positive. While guidance looked very weak, on a constant currency basis the company...
412 Views
HCM: 4Q Unlikely to Surprise but We Do Not Expect an Earnings Decline Next Year
Hitachi Construction Machinery (6305 JP) is down 41% since its early Feb 2018 peak. This is despite consensus OP estimates having risen 28% since...
422 Views
S&P 500 and S&P 600 Testing Resistance
We believe the market is at short-term overbought extremes and is contending with resistance. Resistance levels we are monitoring include...
520 Views
Komatsu, HCM and CAT Tactical Recovery Targets and Macro Pivot Support
We thought a technical view on these counters would help clarify where tactical rally targets come into play as well as more important macro...
528 Views