Upgrading 2017 Macau Gaming Revenue Growth to 6%; Policy Risks Prevent Robust Recovery
We have revised our near-term Macau gross gaming revenue growth forecast, based on our industry checks that point to improvement in both VIP and...
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China Auto 2017 - Hangover Time
China's Passenger Vehicle sales is very likely to have an annual decline for the first time in 2017. The 15% y/y growth in 2016 (which saw Chinese...
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2017 Sales Volume Target May Be Overly Aggressive
Great Wall Motor has announced that it achieved full-year sales volume of 1.07 million vehicles, up 26% relative to a year ago. Sales volume...
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Watches 2016 and Beyond: How Will Asia Move from Here?
Asia continues to be a key contributor to the watch market globally, accounting for 46% of the world’s watch sales. However, top watch and luxury...
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Sales Tax Reimbursement May Compress Margin in 2017
Great Wall Motor announced that during the month of January, it will reimburse 2.5% of the small-car purchase tax for customers buying Haval H2 and...
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