In today’s briefing:
- China Consumption Weekly: East Buy, NIO, Tencent, PDD, Alibaba, JD.com
- EQD | NIFTY WEEKLY Pullback: Where to Re-Enter LONG?
- [Week 14] Namaste India 🙏 | EASEMYTR IN | Easy Trip’s Ghost Franchise?
- Culp, Inc. – Introducing Updated Model; FY24 Estimates Unchanged
- Jade Hopes for Growth Through Reebok as Locondo Slows
China Consumption Weekly: East Buy, NIO, Tencent, PDD, Alibaba, JD.com
- East Buy’s stock price plunged after a conflict broke out between the top broadcaster and the management team.
- NIO will launch another brand for low price products, following BYD’s low price and Li Auto’s price reduction.
- Tencent will move its unimportant assets to China Literature again.
EQD | NIFTY WEEKLY Pullback: Where to Re-Enter LONG?
- 7 weeks up in a row and very overbought, the NIFTY Index could pullback from its highs this week and/or the next.
- A pullback to the 21008-20542 support area could be an occasion to enter LONG, profitable if the index rebounds from there and continues to rally into January.
- The potential pullback appears to be a short-lived retracement down, based on MRM pattern readings.
[Week 14] Namaste India 🙏 | EASEMYTR IN | Easy Trip’s Ghost Franchise?
- The Indian Market (~$4 trillion) has now overtaken Hong Kong as the 4th most-valued stock market after the US, China, and Japan.
- We recently concluded an exploratory trip to Patna, the capital, and also the largest city of the state of Bihar, Summarized thoughts on companies focused in this insight.
- Multiple stocks covered in the Insight. The future of Easy Trip Planners (EASEMYTR IN), especially if it’s banking on franchisee expansion, could go the other way around.
Culp, Inc. – Introducing Updated Model; FY24 Estimates Unchanged
- After inputting data from the Culp 2QFY24 Form 10Q filing, FY24 estimates are unchanged. We moderated FY25 and FY26 revenue and profit expectations.
- This note incorporates that filing and introduces our reformatted earnings model. We hope the revised model and reformatting will be easier to read and understand.
- As is our custom, our working excel models are available to our readers on request.
Jade Hopes for Growth Through Reebok as Locondo Slows
- Gaining sufficient scale to get out of the shadow of the Big 3 online malls in Japan is providing tough for Jade Group (3558 JP)’s Locondo.
- The number of active users on Locondo has fallen in recent quarters, causing concern for merchants and investors alike.
- Jade Group, is hoping that sales of major brands like Reebok will attract more users while also bringing higher levels of growth.
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