China Cinda Asset – Negativity Priced In
*Weak 2H19 Result: China Cinda Asset Management (1359.HK) [CINDA] reported 2H19 profit of CNY 4.0 bn – declining CNY 5.0 bn or 55.6% linked period....
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Car, Inc. – Accident Waiting To Happen?
* Bad Luckin: The shares of Luckin Coffee (LK.US) [Luckin] declined 84% and were suspended as result of Luckin’s announcement that an internal...
284 Views
Underweight Hong Kong, Overweight Taiwan
We are underweight Hong Kong and overweight Taiwan equities. The economic costs of the deepening political crisis in Hong Kong is yet to feed...
399 Views
Post Fed Fade from SPX 3,023 Turn Level
Our base case called for a Fed induced rise to SPX 3,023 with risk to 3,050 to trim longs and put on short (sell the fact) exposure as a hedge for...
456 Views
China's Weak Domestic Demand Is Dragging Much of Asia into Recession; Stimulus No Help
It is only getting worse. China's imports contracted 8.5% YoY in May 2019 (the steepest decline in 3 years), and total vehicle sales contracted by...
648 Views