CHINA - Healthcare, Steel, Autos, Education, Research From Beijing

Scott Laprise/ 乐天虎

CHINA - Healthcare, Steel, Autos, Education

Thematic (Sector/Industry)

<ul>
<li>GM and Shanghai Auto fined Rmb201mn for fixing prices on certain car models.</li>
<li>The fine was set at 4% of the models in question, the law allows for a 1-10% penalty.</li>
<li>The fine is small at 1.3% of profits and levied by the Shanghai government.</li>
<li>Shanghai Auto (SAIC) is the JV partner for GM in China.</li>
<li>This probe began in 2014 though investigations began in 2011 upon receiving auto dealer complaints.</li>
<li>Price fixing is a practice common by foreign automakers in China.</li>
<li>
Audi and Chrysler were fined for price fixing…</li>
</ul>


GM and Shanghai Auto fined Rmb201mn for fixing prices on certain car models.
The fine was set at 4% of the models in question, the law allows for a 1-10% penalty.
The fine is small at 1.3% of profits and levied by the Shanghai government.
Shanghai Auto (SAIC) is the JV partner for GM in China.
This probe began in 2014 though investigations began in 2011 upon receiving auto dealer complaints.
Price fixing is a practice common by foreign automakers in China.

Audi and Chrysler were fined for price fixing…


Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

Riedel Research

Riedel provides equity research and analysis to leading financial organizations. By becoming members of a region (Asia, Latin America, Emerging Europe or Global), organizations have access to an integrated set of services including:

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Riedel provides research coverage of companies across the full range of market capitalization. Experienced research professionals in each market develop company reports and analysis as well as earnings models and projections. Ratings are Buy, Hold and Sell with a focus on compelling investment ideas - both long and short. Downloadable, dynamic earnings models are built to facilitate sensitivity analysis.

Please feel free to contact us for complimentary access to our written research.  We want to show you that our unique research flow can add value and help develop a long-term, high value-add relationship.

Riedel's model focuses on providing clients with unique insights and consulting in addition to unlimited access to all produced research This model allows members to receive exponential benefits for their retainer fees.

<ul>
<li>
Russia: Trump presidency, likely lifting of western sanctions and a stabilizing economy boost prospects for Russia.</li>
<li>
Mexico: Fitch downgrades outlook to ‘negative; on concerns about growth and challenges to public finances.</li>
<li>
China: CPI of 2.3% was higher than expected but still below 3% target.</li>
</ul>The US Fed outlook for three rate hikes in 2017 is based on flawed assumptions.  They are expecting that the US economy in 2017 is similar to the back half of 2016.  We believe this is a flawed assumption as…



Russia: Trump presidency, likely lifting of western sanctions and a stabilizing economy boost prospects for Russia.

Mexico: Fitch downgrades outlook to ‘negative; on concerns about growth and challenges to public finances.

China: CPI of 2.3% was higher than expected but still below 3% target.
The US Fed outlook for three rate hikes in 2017 is based on flawed assumptions.  They are expecting that the US economy in 2017 is similar to the back half of 2016.  We believe this is a flawed assumption as…

US Fed 2017 Rate Hike Outlook Based on Flawed Assumptions

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Few would beg to differ that the festive shopping season is the busiest and most prosperous time of year for luxury retailers, both online and on the high street. Indeed, hoards of affluent shoppers from all corners of the world flock to some of the world’s most glamorous shopping streets looking for both the ultimate gift for their loved ones as well as the sheer excitement and experience of shopping at this time of year.

Few would beg to differ that the festive shopping season is the busiest and most prosperous time of year for luxury retailers, both online and on the high street. Indeed, hoards of affluent shoppers from all corners of the world flock to some of the world’s most glamorous shopping streets looking for both the ultimate gift for their loved ones as well as the sheer excitement and experience of shopping at this time of year.

Developed Markets Compete for Share of Tourist Spend in Run-Up to Festive Luxury Shopping

Given the wide popularity of making all types of travel bookings online, the travel industry continues to be one of the industries most impacted by the rise of the connected consumer. Online travel sales are continuing to outpace the industry’s overall growth rates. Countries such as China and South Korea are appealing to the mobile-first mindset of today’s traveler. As a result of this need to design travel offerings with the digital consumer in mind, Euromonitor International set out to explore market nuances in order to pinpoint five of the most promising countries for digitalgrowth in the travel industry:

Given the wide popularity of making all types of travel bookings online, the travel industry continues to be one of the industries most impacted by the rise of the connected consumer. Online travel sales are continuing to outpace the industry’s overall growth rates. Countries such as China and South Korea are appealing to the mobile-first mindset of today’s traveler. As a result of this need to design travel offerings with the digital consumer in mind, Euromonitor International set out to explore market nuances in order to pinpoint five of the most promising countries for digitalgrowth in the travel industry:

Five Key Travel Markets to Watch for Digital Growth

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

We recommended going negative on a Terminal High Altitude Defense (THAAD) related basket of stocks on October 1st, 2016. This short has been working pretty well. From From September 30th to November 9th, this basket of THAAD related stocks was down 9.4% on average while KOSPI was down 5.1% during the same period. We believe now is the time to close out the THAAD related basket of shorts. We give three reasons why.<ol><li><div class="content-highlight">
There are increasing indications that the next Trump administration may not enforce…</div></li></ol>

We recommended going negative on a Terminal High Altitude Defense (THAAD) related basket of stocks on October 1st, 2016. This short has been working pretty well. From From September 30th to November 9th, this basket of THAAD related stocks was down 9.4% on average while KOSPI was down 5.1% during the same period. We believe now is the time to close out the THAAD related basket of shorts. We give three reasons why.
There are increasing indications that the next Trump administration may not enforce…

Close Out the Shorts on THAAD Related Basket - TRUMP May Not Enforce THAAD Deployment

United States

Macy's, Inc. operates department stores in the United States.  The Company also operates direct mail catalog and electronic commerce subsidiaries. Macy's retail stores sell a wide range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods.

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Macy's Inc (M US)

GM Fined for Price Fixing in China

GM and Shanghai Auto fined Rmb201mn for fixing prices on certain car models. The fine was set at 4% of the models in question, the law allows for...

Scott Laprise/ 乐天虎

US Fed 2017 Rate Hike Outlook Based on Flawed Assumptions

Russia: Trump presidency, likely lifting of western sanctions and a stabilizing economy boost prospects for Russia. Mexico: Fitch downgrades...

David Riedel

Five Key Travel Markets to Watch for Digital Growth

Given the wide popularity of making all types of travel bookings online, the travel industry continues to be one of the industries most impacted by...

Euromonitor International Ltd.

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

GM Fined for Price Fixing in China

GM and Shanghai Auto fined Rmb201mn for fixing prices on certain car models. The fine was set at 4% of the models in question, the law allows for...

Scott Laprise/ 乐天虎

US Fed 2017 Rate Hike Outlook Based on Flawed Assumptions

Russia: Trump presidency, likely lifting of western sanctions and a stabilizing economy boost prospects for Russia. Mexico: Fitch downgrades...

David Riedel

Developed Markets Compete for Share of Tourist Spend in Run-Up to Festive Luxury Shopping

Few would beg to differ that the festive shopping season is the busiest and most prosperous time of year for luxury retailers, both online and on...

Euromonitor International Ltd.

Five Key Travel Markets to Watch for Digital Growth

Given the wide popularity of making all types of travel bookings online, the travel industry continues to be one of the industries most impacted by...

Euromonitor International Ltd.

Close Out the Shorts on THAAD Related Basket - TRUMP May Not Enforce THAAD Deployment

We recommended going negative on a Terminal High Altitude Defense (THAAD) related basket of stocks on October 1st, 2016. This short has been...

Douglas Kim