Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

Riedel Research

Riedel provides equity research and analysis to leading financial organizations. By becoming members of a region (Asia, Latin America, Emerging Europe or Global), organizations have access to an integrated set of services including:

Regular company coverage reports
Up-to-date investment decision advice (buy, hold, sell)
Monthly regional and global conference calls
Customized company reports and unlimited on-line access to the program's services.

Riedel provides research coverage of companies across the full range of market capitalization. Experienced research professionals in each market develop company reports and analysis as well as earnings models and projections. Ratings are Buy, Hold and Sell with a focus on compelling investment ideas - both long and short. Downloadable, dynamic earnings models are built to facilitate sensitivity analysis.

Please feel free to contact us for complimentary access to our written research.  We want to show you that our unique research flow can add value and help develop a long-term, high value-add relationship.

Riedel's model focuses on providing clients with unique insights and consulting in addition to unlimited access to all produced research This model allows members to receive exponential benefits for their retainer fees.

Equity Bottom-Up

• Car Inc (699.hk) is a leading provider of short and long-term car rentals and ride-sharing in China.• We are not concerned about the slowdown in the main business of short-term car rentals during the process of IPO’ing the ride-sharing subsidiary UCAR’s.• The daily short-term rental fleet increased 17% YOY in 1H16, but the utilization was still stable. We consider this a good sign that the company will show strong growth once management refocuses on the core business.• Historical valuation indicates a target price of HKD16, which is 100% over the market price. The cash flow model and the 2017 P/E comparison conclude similar target prices. BUY.

• Car Inc (699.hk) is a leading provider of short and long-term car rentals and ride-sharing in China.• We are not concerned about the slowdown in the main business of short-term car rentals during the process of IPO’ing the ride-sharing subsidiary UCAR’s.• The daily short-term rental fleet increased 17% YOY in 1H16, but the utilization was still stable. We consider this a good sign that the company will show strong growth once management refocuses on the core business.• Historical valuation indicates a target price of HKD16, which is 100% over the market price. The cash flow model and the 2017 P/E comparison conclude similar target prices. BUY.

CAR Inc - Car Rental Leader to Refocus on Core Business After IPO of 'Uber-Like' Subsidary - BUY