海外研报
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Demand upcycle creates valuation upside; Raise TPs for GDS/VNET; Buy GDS
More specifically, we see China wholesale IDCs are entering an upward demandcycle driven by Gen-AI and GPU-related capex among cloud hyperscalers (e.g. we
海外研报
2024年09月06日
Federal Reserve Watch Fork in the road
We look for a solid August jobs reportWe are expecting nonfarm payrolls to increase by an above-consensus 200k in Friday's
海外研报
2024年09月06日
Upgrade to Overweight
Attractive business mix into rate cuts: Unlike most other banks, DBK gets less than 50% ofits revenues from NII (DBK 47% vs. median bank 66%). With rate cuts expected to accelerate
海外研报
2024年09月06日
Google Ad Tech Vs. DoJ (Round Two)
The Key Take-Away: Google’s second monopoly trial starts next week in a VA district court. Incontrast to the Search trial and decision, we don’t think investors should worry too much about
海外研报
2024年09月06日
learer Path to Achieving Long-Term Growth Targets
We are upgrading Autodesk to Neutral (from Sell), increasing ourPrice Target to $295 (from $225). Our Sell thesis was predicated on
海外研报
2024年09月06日
Asia-Pacific Portfolio Strategy: Asian equity market daily update
The MXAPJ Index dropped 0.4% today. Thailand and Singapore marketsoutperformed, while Korea and Philippines markets underperformed. Within MXAPJ
海外研报
2024年09月06日
Asia FX heatmap: awaiting the pivot in September
We look to re-engage in September after lightening up on our Asia risk over the course of August. We raise the TWD and IDR back to overweight this month while
海外研报
2024年09月06日
September 2024 update: Refreshing Japan & China Ideas
As we come out of results season and this summer’s volatility, we take theopportunity to refresh ideas in Japan & China. We add SMFG, TDK, Advantest,
海外研报
2024年09月06日
Americas Transportation: Railroads: Weekly Rail Carload Snapshot — Week 35
Total traffic results for US Class I rails under coverage imply carload growth nat +8.4% YoY in week 35, a slight deceleration versus +9.4% YoY in week 34.
海外研报
2024年09月06日
Catalyst or Culprit?
We present a comprehensive, collaborative, in-depth and multi-faceted analysis of a very complicated and controversial but potentially
海外研报
2024年09月06日
