Daily Brief Thematic (Sector/Industry): Turnaround in China Healthcare Anti-Corruption: Impact on Company’s 2023 Results & Upcoming New Reforms and more

In today’s briefing:

Turnaround in China Healthcare Anti-Corruption: Impact on Company’s 2023 Results & Upcoming New Reforms
China TMT Update-1810.HK/AAPL/981.HK/HK700/HK1024/DOYU/BILI/IQ/BABA/VIPS/PDD/3690.HK/YSG/JD-Mate 60
China TMT Update-AAPL/JD/BEKE-Pre-Registrations for IPhone 15 Slightly Lower than IPhone 14

Turnaround in China Healthcare Anti-Corruption: Impact on Company’s 2023 Results & Upcoming New Reforms

The People’s Daily/National Health Commission made “mild” statements about anti-corruption, bringing investors “hope”. However, it depends on the attitude of Central Commission for Discipline Inspection, who is the decision maker.
We break down some industry data to help investors better understand the impact of anti-corruption campaign on China healthcare. It seems inevitable that companies’ Q3 performance would be affected.
Looking ahead, companies’ performance reversal may not be as fast as expected.The anti-corruption campaign could accelerate the next stage of reform. Investors need to be prepared for upcoming new changes.

1810.HK/AAPL/981.HK: Local media reports that the Mate 60 series is planned to ship 20mn units (-/-/+)
HK700/HK1024/DOYU/BILI/IQ: Tencent announced its live broadcast rights holder for 2023 Hangzhou Asian Games. (+)/(-)/(-)/(-)/(-)
BABA/VIPS / PDD/ 3690.HK/ YSG/JD: Social retail consumption improved month-on-month (+/+/+/+/+/-)

Real Estate Industry Update: Property sales remain lukewarm in August, price declined marginally(/)
Real Estate Industry Update: Local media survey indicate China home purchase willingness increased in September post policy stimulus(+)
AAPL/JD: JD pre-registrations for iPhone 15 slightly lower than iPhone 14, and ASP largely unchanged (-)

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