Alibaba (BABA): Trump’s Delisting Threat on Chinese Equities – Why? Will? and Worst-Case Scenario?
We do not believe the delisting will happen, as there are too many interested parties in the U.S. In the worst-case scenario: Even if the...
542 Views
Alibaba (BABA): Government Officials Will Be Stationed in 100 Non-State Companies
The Hangzhou municipal government plans to station government officials in 100 non-state companies. The public is concerned that the government...
479 Views
Costco Wholesale (COST): Concerns Behind First-Day Crowd in China
We believe the first-day rush is just a one-time event. We believe Costco can hardly survive the market in China. Almost supermarkets are losing...
413 Views
2Q19 Chinese Express: Little to Show for Big Volume Share Gains
Six listed firms control most of inter-city express market As China’s express industry consolidates, ‘weak hands’ have largely exited, and...
417 Views
Xiaomi (1810 HK): Smartphone Accounts for Only 36% of Gross Profits
In this note, we will not rate the company. We believe the smartphone business is weak, but it is not the only main business in Xiaomi. The...
478 Views