Soochow Securities believes that if the Japanese stock market declines and China’s nominal GDP increases quarter-on-quarter, overseas funds may flow into Chinese assets temporarily. In terms of sector selection, the preference will likely remain with "old favorites" since 2020: 1) Globally competitive sectors such as new energy and automotive; 2) Irreplaceable general consumption sectors like liquor within the food and beverage indu...
Everbright Securities pointed out that core CPI remains weak, and PPI continues to bottom out. Huachuang Securities noted three hidden pressures on demand based on July’s price data. This year:1) Property income growth has declined rapidly, potentially dragging down discretionary consumption significantly.2) The month-on-month rise in dining-out prices was weaker than ...
Gradual recovery in consumption and the rainy season help turn the CPI m/m to positive. 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 ...
MET SEP4 Forum
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%]
$BABA-SW (09988.HK)$ $XIAOMI-W (01810.HK)$ $MEITUAN-W (03690.HK)$ $PDD Holdings (PDD.US)$ $JD-SW (09618.HK)$ $Global X MSCI China Consumer Discretionary ETF (CHIQ.US)$
Tensions in the Middle East triggered gold and oil prices to rise, $PETROCHINA (00857.HK)$ and $CNOOC (00883.HK)$ opened elevating 1.2% and 2.1%, while $ZIJIN MINING (02899.HK)$ opened inclining 1.7%.
As for tech stocks, $TENCENT (00700.HK)$ o...
Huachuang Securities noted three hidden pressures on demand based on July’s price data. This year:
Among the major techs, $BABA-SW (09988.HK)$ opened flat at $77.85. $TENCENT (00700.HK)$ inched up 0.5% at $372. $MEITUAN-W (03690.HK)$ dipped 0.3%. $XIAOMI-W (01810.HK)$ entered the top three in Japan in terms of mobile phone shipments, but its st...
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 ...
The 2Q24 net profit of chip stocks $SMIC (00981.HK)$ / $HUA HONG SEMI (01347.HK)$ fell 59%/ 91%+ YoY, and their share prices mounted 7.3%/ 2.7%. HUA HONG SEMI decreas...
$NEW ORIENTAL-S (09901.HK)$ increased buyback to USD700 million and p...
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