In today’s briefing:
- Old E-Commerce Names Are The Biggest Winners of New Stimulus
- Here Is a Trillion Rmb Stimulus
- AUCTUS ON FRIDAY – 18/10/2024
- [Blue Lotus Daily]:1585 HK/NIU US/603529 CH/1211HK/1810 HK/XPEV US/NIO US/LI US/Real Estate Industry
Old E-Commerce Names Are The Biggest Winners of New Stimulus
- China consumption shows rebounding demand following appreciation in asset values and home appliance subsidies. A record number of parcels were delivered last week, while home appliance sales grew rapidly;
- We’ve raised 4Q estimates for online shopping growth given the recent demand trends which we expect to sustain through the quarter, so long as stimulus remains forthcoming;
- JD and BABA remain our top ecommerce picks given their exposure to recent home appliance subsidies, as well as benefiting from a longer-term improvement in consumer sentiment.
Here Is a Trillion Rmb Stimulus
- Minister of MOHURD (Ministry of Housing and Urban Development) said on October 16th that MOHURD planned to renovate 1mn more shanty houses via 100% cash exchange by year end;
- We estimate this would inject Rmb0.5-1tn to the hands of shanty town residents. If all these money are putt into the property market, it can drive up transaction by 3-7%;
- However, property transaction showed existing home sales growth slowed in September and new home sales remained in negative. The real estate market is in dire need of further stimulus.
AUCTUS ON FRIDAY – 18/10/2024
- We have launched our new website with a revamped research portal – Home | Auctus Advisors.
- We’d be very interested to receive any feedback you may have.
- AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price C$0.35 per share: Encouraging drilling results.
[Blue Lotus Daily]:1585 HK/NIU US/603529 CH/1211HK/1810 HK/XPEV US/NIO US/LI US/Real Estate Industry
- Real Estate Industry Update: Press Conference of the Ministry of Housing and Urban-Rural Development: Restarting Monetized Resettlement May Drive a 3%-7% Increase in Property Transactions Value(+)
- 1585 HK/NIU US/603529 CH: Shanghai announces trade-in subsidy for electric bikes (+/+/+)
- 1211HK/1810HK/XPEVUS/NIOUS/LIUS:Electric vehicle sales surged in the 41st week of 2024, BYD,Xiaomi,andXpeng took the lead, Tesla was unexpectedly weak,and Aion did not enter the top ten for the second week (/////////)
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