16.480High16.350Low77.47KVolume16.460Open16.290Pre Close1.27MTurnover0.68%Turnover Ratio--P/E (Static)11.42MShares19.84152wk High--P/B187.87MFloat Cap14.66052wk Low0.50Dividend TTM11.42MShs Float42.433Historical High3.02%Div YieldTTM0.80%Amplitude8.701Historical Low16.431Avg Price1Lot Size
Total revenue for the catering industry was 440.3 billion yuan, which rose 3.0%. (narrowed).
$Alibaba (BABA.US)$ $BABA-SW (09988.HK)$ $MEITUAN-W (03690.HK)$ $PDD Holdings (PDD.US)$ $Pinduoduo Concept (BK0724)$ $JD.com (JD.US)$ $JD-SW (09618.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$
July industrial growth 5.1% y/y [Est.5.2%]
Jan-Jul fixed asset investment 3.6% y/y [Est.3.9%]
July Unemployment 5.2% [Prev. 5.0%]
$BABA-SW (09988.HK)$ $XIAOMI-W (01810.HK)$ $MEITUAN-W (03690.HK)$ $PDD Holdings (PDD.US)$ $JD-SW (09618.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$
Huachuang Securities noted three hidden pressures on demand based on July’s price data. This year:
The core CPI rose by 0.3% y/y, from -0.1%.
Food prices rose by 1.2% y/y, from -0.6%.
Vegetables and eggs rose by 9.3% and 4.4% y/y, due to bad weather.
Pork prices rise by 20.4% y/y, vs +2.3 PPS vs June.
For y/y price changes
Food, tobacco & liquor +0.2%
Clothing +1.7%
Accomodation +0.1%
Necessities & services +0.7%
Transportation & Communication -0.6%
Education, Culture & Entertainment ...
With consumer spending remaining sluggish in the first half of the year and real estate investment continuing to bottom out, foreign trade's contribution to the economy has become increasingly prominent. If export growth slows down in the future, policies will need to be further strengthened to meet the annual economic growth target, and new policies and tools may be directed t...
The key points of the core d...
$KraneShares CSI China Internet ETF (KWEB.US)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$ $BABA-SW (09988.HK)$ $TENCENT (00700.HK)$ $XIAOMI-W (01810.HK)$ $BIDU-SW (09888.HK)$
While the overall effects are modest, China should give the Fed and the ECB more room to cut this year.
Falling goods prices have micro implications, most significantly for the US apparel sector.
With China's deflationary impulse, MS estimates that the apparel component of US CPI declines by 0.3pp...
No comment yet