In today’s briefing:
- GEMWeekly (3 Nov 2023): Indonesia, China, Philippines Macro; South Korea Markets, Ant, Baidu
- [Blue Lotus Daily]: LI/XPEV/NIO/TSLA/ATAT/HTHT/ZLAB/ACMR/CPNG/BABA/PDD/BEKE
- [Blue Lotus Daily]: CPNG/BABA/PDD:Coupang Sacrifices Profitability for Growth in 3Q23 (-/+/+)
GEMWeekly (3 Nov 2023): Indonesia, China, Philippines Macro; South Korea Markets, Ant, Baidu
- The Global Emerging Markets Weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- Macro data points: Indonesia and Philippine GDP growth, China trade and inflation, South Korea short selling ban.
- Companies mentioned this week:Ant Group (6688 HK), Baidu (9888 HK)
[Blue Lotus Daily]: LI/XPEV/NIO/TSLA/ATAT/HTHT/ZLAB/ACMR/CPNG/BABA/PDD/BEKE
- CPNG/BABA/PDD : Coupang sacrifices profitability for growth in 3Q23 (-/+/+)
- LI/XPEV/NIO/TLSA1211.HK: Tesla raises prices for Model 3 + Model Y on November 9th (+)
- ZLAB: ZLAB’s Q3 revenue slightly lower than our estimates, R&D compressed profits
[Blue Lotus Daily]: CPNG/BABA/PDD:Coupang Sacrifices Profitability for Growth in 3Q23 (-/+/+)
- CPNG/BABA/PDD : Coupang sacrifices profitability for growth in 3Q23 (-/+/+)
- On November 8th, 2023 Coupang reported 3Q23 revenue, operating profit, and net income 4%, (39%), and (23%) vs. consensus estimates.
- Revenue beat mainly driven by Korea business with growth of the platform significantly outpacing peers.
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