Xiaomi (1810 HK): 2Q18 Results Undermine the Bull Case
A key tenet of the Xiaomi Corp (1810 HK) bull case is that unlike its smartphone peers, Xiaomi’s primary asset is user traffic rather than devices....
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Last Week in GER Research: Nio, Tesla, China Tower and China Education
Below is a recap of the key IPO and fundamental research produced by the Global Equity Research team. This week we highlight excellent and detailed...
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Tesla: Neither Funding nor Model 3 Demand Appears Secured to Us
Funding Secured?While Musk has pointed to the Saudi Arabian Public Investment Fund as the backing for his "funding secured" tweet, we see a few...
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China Tower Corp (中国铁塔) Post-IPO: Lacklustre Trading Interest but Looking Forward to 1H Results
China Tower Corp had a tepid debut on Aug 8th after having priced at its IPO at the low-end of HKD1.26/share. In our previous insight covering the...
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Swire's Interims and Bifurcating Dual Class
There were no material surprises in Swire Pacific Ltd Cl A (19 HK)'s 2018 interims announced last week - the HK$3.9bn write-down in the marine...
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