GAC Group (2238 HK) - PHEV Could Be a New Catalyst
We estimate GAC Group (GAC)’s net profit to rise 22% YoY to RMB5.4bn in FY24E, as Aion’s upscale attempt, cost reduction and overseas expansion...
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GAC Group (2238 HK) - FY24E NP to Rise YoY on JVs and Aion
We revise GAC Group (GAC)’s FY24E net profit by 4% to RMB6.3bn, largely due to resilient equity income from joint ventures (JVs) and associates
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China & HK Strategy: Names to Watch for Market Value Management
CSRC's Market Value Management Guidelines will benefit the H-share banks and infrastructure construction companies because their A-shares have P/B...
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A/H Premium Tracker (To 22 Dec 23): Wide Premia Narrow; Narrow Premia Widen. Stay Long Hs Vs As
Large cap and liquid Hs in H/A Pairs underperformed their As by 60bp, most of that on Friday on the gaming news. High A premium pairs saw Hs...
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China Auto Sector – Mixed picture ahead as inventory risk lingers
China’s passenger-vehicle (PV) retail sales volume fell 1% YoY in first four months of 2023, 2% higher than our forecast made in Dec 2022.
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