Sun Art (6808 HK): Alibaba Takes Control
The Mulliez family exit the hypermarket operator, giving Alibaba majority control. That's a big vote of confidence for Sun Art.
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Nongfu Spring (农夫山泉) IPO: Bottle Size Matters, Photos on the Ground
We visited a supermarket RT-Mart (大润发) and a convenience store Lianhua (联华) in Shanghai. We believe Nongfu Spring’s advantages are (1) plastic...
463 Views
Battleground Spot For Global Equities
The risk of a pullback remains very real, however at this point the weight of the evidence suggests a meaningful pullback is not imminent. We recap...
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China E-Commerce as a Supermarket Play
COVID-19 is having a devastating human and economic impact across the globe. However, supermarkets and grocery delivery businesses (thanks to the...
439 Views
Global Equity Rally Losing Upside Momentum
The global rally appears to be losing steam as the bearish rising wedge patterns we highlighted last week in the MSCI ACWI, ACWI ex-US, EM, and...
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