海外研报

What is needed for Japanese stocks to regain momentum?

Japanese stocks saw strong gains in 1Q, but their performance has been lacklusterin 2Q. As numerous positive developments had been priced in during 1Q, there hasbeen a lack of new catalysts to lift share prices in 2Q. In addition, forex volatility,

Ocean Rates Rise But What’s Driving? Impacts Possible for transports and Broader Supply Chain

Bottom line: Ocean rates have increased 3.5x and 4.5x per container on theeast coast and west coast, respectively, since the Red Sea disruption began in

Economics Focus

Overseas market to drive sales and margins

A . BYD, the global leader in the NEV industry,should continue to deliver decent volume sales growth of 20-25% y-o-y in FY24. The huge scaleallows BYD to remain a price setter, especially after it rolled out products at ASP of

China: O&A on the third plenum

WVhy is the third plenum getting so muchmnarKetatentlolThe Chinese economy is facing myriad headwinds. Some are cyclical, some are deep-seated structural problemswhich can only be addressed by structural reforms.