China A-Shares: EM Active Funds Overweight Ahead of Index Rebalance
In this report, we analyse China A-Share allocations among global emerging market funds. EM funds are already overweight, on average, versus the...
156 Views
EM Positioning Review 2017. The Key Drivers of Performance
In order to understand the drivers of performance among EM active managers, we create a portfolio based on the aggregated holdings of 134 global...
155 Views
A Review on China Online Baijiu Sales in 2017 – High-End Baijiu Is Keeping up the Momentum
Data up to Nov 2017 Baijiu online sales continue to be driven by holidays and promotion events; Chinese New Year, June, and November tend to be the...
327 Views
Kweichow Moutai: A Long-Term Winner Amid Premiumization
Following a strong rally at 85% in the year to date, we think shares of Kweichow Moutai Co Ltd A (600519 CH) are fairly valued, trading at a...
278 Views
Raising Moutai's FVE to CNY 400 as Strong Demand for Flying Moutai Persists; Shares Fairly Valued
Although wide-moat-rated Kweichow Moutai’s fourth quarter 2016 earnings were lower than our forecasts, owing to higher-than-expected consumption...
208 Views