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

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

Investment Advisors, JL Warren Capital

Junheng Li

Equity Bottom-Up

KFC and Pizza Hut Q2 2017 Update: According to our KFC online (website and mobile app) tracking, KFC China has accelerated its marketing and promotion activities targeting at millennium consumers by creating a more energetic brand image.  We view that as a result of a more focused YUMC management following the consumer demand more closely and effectively post the spin-off and the IPO last year.  Judging from the ongoing SSSG (same store sales growth) performance, we believe that the series of…

KFC and Pizza Hut Q2 2017 Update: According to our KFC online (website and mobile app) tracking, KFC China has accelerated its marketing and promotion activities targeting at millennium consumers by creating a more energetic brand image.  We view that as a result of a more focused YUMC management following the consumer demand more closely and effectively post the spin-off and the IPO last year.  Judging from the ongoing SSSG (same store sales growth) performance, we believe that the series of…

YUMC Continues to Deliver SSSG Upside - Q2 2017 Update

Yum China Holdings

YUMC Continues to Deliver SSSG Upside - Q2 2017 Update