US-China Trade Tensions at a Stalemate - Don't Expect Beijing to Blink - What to Buy?
China's economic growth is slowing but not enough to prompt Beijing to blink in trade standoff with the US over trade. So far in 2018 Beijing has...
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Xiaomi and China Banks: Poor China IT Financial Metrics, a Lessor Known Risk to China Banks
China’s banks are well-exposed to China’s Information Technology (IT) companies. We may sometimes forget this, where we tend to focus on industrial...
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China's Moderating Infrastructure Spending Outlook to Drive Construction Firm Valuation Rerating
With the central government likely to implement a more prudent fiscal policy in 2018, we anticipate a moderating top-line outlook for the no-moat...
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Hebei Construction IPO Review - Late to the Xiongan Game with Corporate Governance Issues
Hebei Construction Group Co (1727 HK) is raising approximately US$314m in its upcoming IPO to fund the construction of projects that are to be...
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CCCC Roadshow Takeaway: PPP and Overseas Market Remain Pillars of Growth; FVE Maintained at HKD 12.5
We recently attended a reverse road show held by no-moat China Communication Construction Corporation, or CCCC, and had a rare opportunity to visit...
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