[Blue Lotus Multi-Platform Sector Update]: Key JD Categories Will Grow Again in 2024
JD reported strong revenue and profit, with subsidiary JDL performing well. Growth in GMV is expected to remain steady, but may pick up in 2024....
409 Views
CaiNiao Smart Logistics Pre-IPO Part 5 | For Better or Worse, J&T IPO Will Impact CaiNiao Valuation
For better or worse, we believe investors will view J&T Global Express' recent IPO as the primary reference point for CaiNiao's planned IPO in Hong...
589 Views
Quiddity HSCEI Dec 23 Rebalance: Zhongsheng Vs China Grand Pair Interesting if Deletion Is Confirmed
I see China Unicom Hong Kong (762 HK) as an Expected ADD and Zhongsheng Group (881 HK) as an Expected DEL. My current estimate for one-way capping...
487 Views
Past A/H Listings Performance - Have Been a Mixed Bag
Two of the biggest deals in the Hong Kong pipeline are A/H listings for S.F. Holding (002352 CH) and Midea Group (000333 CH). In this note, we have...
343 Views
The Four Listed Chinese Express Companies Suffered Significant Margin Erosion in Q323
A new price war among China's 'sort and transport' express companies drove down the group's core margins in Q3, and we expect the pain to continue...
371 Views