JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Investment Advisors

Trade War/Slowing GDP? /Fraud/Films/Surveillance

Geely (175.HK):Keep Calm and Accumulate Geely

Geely: Worst Case Priced In, Waiting for Sector Headwinds to Abate

Geely(175.HK): Aggressive New Model Launches To Overcome Sector Headwinds

Investment Advisors, JL Warren Capital

Junheng Li

Thematic (Sector/Industry)

China Retailing / Thematic (Sector/Industry)

<p>A prolonged decline in new car sales obviously hurts China’s manufacturing sector and is a drag on GDP growth. But the data above does not imply a hard landing in overall discretionary consumption.  In fact, we are seeing a structural shift to used car purchases which has cannibalized demand for new cars.  Consumers are spending on cars, just all new cars.)</p>

A prolonged decline in new car sales obviously hurts China’s manufacturing sector and is a drag on GDP growth. But the data above does not imply a hard landing in overall discretionary consumption.  In fact, we are seeing a structural shift to used car purchases which has cannibalized demand for new cars.  Consumers are spending on cars, just all new cars.)

China Auto Market H1 Review- Decoupling of Auto Sales and Consumer Discretionary Consumption