Qudian: Big Misses Ahead
Our recent research indicates that due to the Chinese authority’s crackdown on online micro consumer loans, cash loan transactions are effectively...
131 Views
IQIYI IPO Preview: Likely to Remain a Not-For-Profit
iQIYI is a leading Chinese online video platform, backed by Baidu Inc (ADR) (BIDU US), an 80.5% shareholder. In its 4Q17 results on 13 February,...
528 Views
BEST EXPRESS (NYSE:BSTI) Multiple Headwinds Knock Down Target Price
● We are adjusting BSTI’s TP due to multiple demand, value chain and seasonal headwinds. Yet we are still positive on BSTI’s turnaround in...
119 Views
Alibaba Group Holdings Limited (NYSE: BABA) C4Q17: Time to Look for the Next Driver
● BABA reported top line, non-GAAP operating profit and GAAP net income (3.4)%, (18)% and (12%) below our estimates. Main reason for the fall seems...
172 Views
US' Quantitative Tightening; Chinese Regulators’ Push for Deleveraging
The S&P 500 (SPX INDEX) fell by 5.2% last week and now stands 8.8% below its record high of 2873 on January 26. A combination factors...
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