Manufacturing - Sany Maintains Leadership 1 February 2012
China's Slower Q4 GDP Growth No Reason For Policy Change 18 January 2012
Steel - Market May Stay Weak In February Before Upturn in March 18 January 2012
China Auto Survey - Inventory Decline Suggests Bottom Of Cycle 12 January 2012
December Property Survey - Suburban Prices Down Both MoM and YoY; Property Policy Unchanged 10 January 2012
Taiwan Election - Notes On Beijing's Thinking 9 January 2012
Steel - Cold Winter for Both Steel Producers and Traders 13 December 2011
Steel - Baosteel Selling Loss - Making Assets 13 December 2011
November Property Survey - Prices Down Month-on-Month, Still Higher Y-o-Y 1 December 2011
Steel - Demand, Production and Prices Declined in Unusually-Slow October 16 November 2011
AsiaSat Orders Two New Satellites - Outlook Remains Positive 11 November 2011
Annual Auto Sales Growth Slows To 4% In October 4 November 2011
October Property Prices Slightly Down, Volumes Continue To Drop 3 November 2011
Railways - CSR Still Oversold, Q3 EPS Up 10% y-o-y 2 November 2011
Steel - September Not "Golden", Q4 Sentiment Negative 19 October 2011
Car Sales Picked Up Further in September to 9% 6 October 2011
September Property Prices Stable, Volumes Falling 29 September 2011
Logs Seen Falling Nearly 25% in Month 28 September 2011
Railways - Subway Collision Another Blow 28 September 2011
Expressway - Toll Rates Falling But Mostly On Secondary Highways 21 September 2011
Steel - No Usual Rebound in 'Golden September' 20 September 2011
Sany Heavy Industry: IPO Considerations 19 September 2011
Global Cotton Prices Set To Stabilise For Rest Of 2011 9 September 2011
August Property Prices And Volumes Weak In Suburbs 5 September 2011
Steel - Baosteel Q2 Weak, But Recovery Ahead in 2H 1 September 2011
Sany Heavy Industry - IPO Considerations 1 September 2011
Autos - Discounts Help Maintain Sales Growth in August 31 August 2011
APT Satellite - Results In Lines, First Dividends 30 August 2011
Asiasat - Strong Demand, Looking At Additional Satellite 25 August 2011
Steel - Demand Still Slow But May Rebound in September with Economy Housing Speeding Up Plus Seasonal Strength 18 August 2011
China Nuclear Back On Track - Dongfang Main Beneficiary 17 August 2011
Railways - Latest Announcements Will Have Little Impact Before 2015 12 August 2011
Commodities- Cash-Flush Iron Ore Majors Speed Up Capex and Supply Growth 11 August 2011
Are Markets Ready For An Assertive China ? 10 August 2011
Railways - Raising Estimates On Strong CSR and Zhuzhou CSR 1H Earnings 10 August 2011
July Property Prices Edging Up In City Centres 8 August 2011
Turnaround in July Sedan Sales - Luxury Sales Up 20% 4 August 2011
Railways - Train Crash Does Not Affect Long-Term Fundamentals 26 July 2011
Steel - Entering Slow Period Whilst Production Stays High 12 July 2011
Steel - Angang's Q2 Better Than Q1, But Still Weak 11 July 2011
June Sedan Sales Shrank 3% While Inventories Rose 7 July 2011
Expressways - Market Overreacting to Potential Policy Changes 21 June 2011
Steel - Production Just Starting to Fall Late May, Otherwise Little Impact of Power Cuts 17 June 2011
Railways - CSR Raising Funds From Parent and Social Security Fund 16 June 2011
Railways - Capacity Still Short of Demand 8 June 2011
Property Prices - No Widespread Slips on High Inflation Expectations 7 June 2011
Sedan Sales Slowed To Flat In May 3 June 2011
Gold Investment Demand in China Spreading Inland 27 May 2011
Construction Equipment: Slowdown Over The Next Two Quarters 17 May 2011
Property Prices: Suburban Areas Starting To Slip 9 May 2011
Commodities: Is This The End? 5 May 2011
Autos: Sales Growth Decline Continues In April 4 May 2011
China Auto Show Highlights Luxury and Technology 25 April 2011
Sany Heavy Industry: Anonymous Internet Post Alleges Bribery 21 April 2011
Drought Concerns Fade As Wheat Is In Excellent Or Good Condition 16 April 2011
March Autos - Rising Inventories Could Force Production Cuts 16 April 2011
Softness Appearing In Mass Market Residential Property 8 April 2011
Railway: CSR and Zhuzhou CSR On Course For Further Growth 30 March 2011
Harbin Power: Downgraded To Hold On Weak Operating Performance 22 March 2011
Japan's Nuclear Disaster Unlikely To Derail China's Nuclear Programme 16 March 2011
Steel - Asian Prices to Rise on Japan's Earthquake Disruption 14 March 2011
China Property Prices Increases Halted in Half Cities 9 March 2011
Construction Equipment - Strong 2010 For Liugong But Are 2011 Targets Too Ambitious ? 8 March 2011
February Auto Sales Weaken Further 3 March 2011
China Winter Wheat Drought Areas Shrinks 66% After Recent Rains 2 March 2011
Trina Solar - Outstanding Q4 Earnings With Outlook Still Very Positive - BUY 23 February 2011
Gold Demand Strong During China's Spring Festival 15 February 2011
Chinese Property Market - Supply Likely To Prove Key Feature 1 February 2011
Jan 2011 Sedan Sales: Up 5% y-o-y, Down 30% m-o-m 1 February 2011
Steel - Disappointing Short-Term Performance, But Long-Term Fundamentals Still Sound 21 January 2011
SmartHeat Enters Nuclear Sector 19 January 2011
Property Volume Jump Ahead Of Possible Policy Measures 13 January 2011
Dealers See 2011 Sedan Sales Up 10-15% Despite Late 2010 Surge 11 January 2011
November Auto Inventories Declining 14 December 2010
Railways - CSR Continues To Step Up With GE Joint Venture 9 December 2010
Changsha Zoomlion Hong Kong Listing Looks Fully Priced 6 December 2010
Construction Equipment: Key Impressions after "Bauma 2010" 26 November 2010
Steel: Underlying Demand Steady With Strong Momentum 23 November 2010
China Auto Dealer Sales Mixed 17 November 2010
China's R&D: The West Will Lose More Than Just Manufacturing 4 November 2010
Expressways: Anhui Expressway Raise Toll Rates - Buy 4 November 2010
Commodities: Gold Not A Leading Indicator of Inflationary Expectations 1 November 2010
Steel: Angang Surprises With Q3 Loss But Should Recover in Q4 1 November 2010
September Auto Sales: Good Signs 14 October 2010
Steel Price On Track For Strong Recovery In Q4 7 September 2010
Positive Signal From Auto Dealer Survey 2 September 2010
Monthly Research Ideas Summary 31 August 2010
Sany Heavy Industry: Results Prove Industry Leadership, Buy 24 August 2010
Sany Heavy Equipment: Consensus Ignoring Margin Drop 20 August 2010
Comtec: First Half Results Confirm Strength In Solar Sector 17 August 2010
Property Prices Drift But Volumes Tell The Next Story 13 August 2010
Tencent: Strong Advertising Revival 12 August 2010
Very Strong Results From Solarfun: BUY 6 August 2010
July Car Sales Down But Decline May Be Bottoming 4 August 2010
Steel - Steel Prices Have Bottomed 28 July 2010
Gold Strong As Other Assets Fail To Perform 17 July 2010
Steel - POSCO On Track For Strong 2010 Recovery 14 July 2010
Yuan Longping Makes Moves 7 July 2010
China Power - Chengdu Power Cuts Not Isolated 6 July 2010
June Sedan Sales Down 8% m-o-m - Inventories Up 6 July 2010
China Power - Blackouts Return 1 July 2010
Texwince - Stronger 2011 Prospect 28 June 2010
Steel - Market Overreacting to Removal of Export Tax Rebate 2 4 June 2010
Steel - Baosteel Cuts Prices, Long-Term Outlook Still Bullish 4 June 2010
Auto Dealer Survey - May Sales Pich Up Though Inventories Remain High 4 June 2010
China Property - First Price Decline This Cycle 1 June 2010
Hollysys - Changes to The Board of Directors 1 June 2010
Steel - Angang Group Confirms Merger with Panzhihua 26 May 2010
China Unclear - The Whisper Gets Louder 20 May 2010
Hollysys - Nuclear Opportunity 18 May 2010
Mindray - Share Price Drop Looks Overdone 17 May 2010
Sedan Sales - Manufacturer Inventories Building Despite April/May Sales Rebound 12 May 2010
ZTE - ZTE Says Its Not Worried About Indian Reports 11 May 2010
Steel - Auto Slowdown Not a Major Concern for Steel, Bao's Q1 Very Strong 7 May 2010
R&D Note - Microsoft's First Win in China 4 May 2010
Steel - Q1 Results Confirm Recovery, Iron Ore Pricing Settled 30 April 2010
Sany Heavy Equipment - Improving Mining Safety, Mechanisation 27 April 2010
Sany Heavy Industry - Hong Kong Listing Planned 26 April 2010
China South Locomotive's 2009 Earnings In Line, Growing 32% in 2010 23 April 2010
Construction Machinery - Consumption Brought Forward ? 22 April 2010
Steel - Angang's 2009 Earnings Below Expectations But Recovery Ahead 21 April 2010
Steel - Maanshan's Q1 Results Confirm Recovery 21 April 2010
Zhuzhou CSR's 2009 Earnings Grew In Line With Expectations, Further Strength Ahead 20 April 2010
China High Speed Transmission - Earnings Beat Expectations, Strong Wind 19 April 2010
Steel - Iron Ore Prices Not a Reason To Sell Steel 15 April 2010
China Autos - Geely Results Disappoint, But Current Valuation Attractive 15 April 2010
China Autos - Sharp Adjustment Ahead 14 April 2010
R&D Notes - China's Own Standard Aids Rail-Related Companies 14 April 2010
R&D Notes - SmartHeat Could Be Increasingly Nuclear 13 April 2010
China Property - Concentrated Press Coverage A Prelude to Policy Change 12 April 2010
ZTE - 2009 Growth Led Industry, Momentum Into 2010 9 April 2010
R&D Notes - Thinking Differently About Current Technology 8 April 2010
Expressway - Anhui Expressway Should See 14% Better Earnings in 2010 8 April 2010
Steel - Baosteel Should See a Strong Recovery in 2009 6 April 2010
Zhenhua Heavy - Weak 2009, Strong Prospects In New Products 6 April 2010
US and China Have A Temporary Deal 6 April 2010
SmartHeat 2009 Earnings Slightly Low - Strong Growth Trend Intact 6 April 2010
Simcere 2009 Results - R&D Expenditure Above Expectations 1 April 2010
Steel - Steel Prices Keeping Up With Iron Ore Costs 31 March 2010
Guangxi Liugong - 2009 Above Expectations, Raising 2010 Forecasts, Maintain Buy 25 March 2010
Google Move Unlikely To Benefit Baidu Significantly - May Not Even Harm Google That Much 25 March 2010
China Unicom Results Below Forecast - Outlook Still Difficult - Maintain Sell 25 March 2010
China Property - SASAC's Order Only Symbolic 24 March 2010
Expressways - Shenzhen Expressway Set To See Strong Earnings Rebound 23 March 2010
China Automation - Benefiting From China's Need For Higher Efficiency, Safety 22 March 2010
China - Property Shnaghai Fair Trends 18 March 2010
Jinpan 2009 Results In Line - 2010 Guidance Low 17 March 2010
CPI - Does Not Worry Us 11 March 2010
Sedan Sales - January/February 5% Growth Slowest Since April 10 March 2010
China Property - Prices Stable So Far In 2010, Inventory Cycle To Reverse 8 March 2010
China Mobile - Downgraded To Hold 4 March 2010
Textile Labour - Quoted Companies Not Affected Much In Short Term 4 March 2010
China Mobile - Reversing Long-Held Sell Recommendation to BUY 25 February 2010
China - Monetary Policy Made Clear By Central Committee 23 February 2010
China Property - Asset Prices Unchanged January, Slow February, Critical March 10 February 2010
Sedan Sales - Dealers Report January Growth Slowing To +10% y-o-y Not 112% 10 February 2010
China - China Mobile New Adds Shares Falls To Our Expected Range 20 January 2010
China Loan Growth - Caught Regulator's Attention 20 January 2010
Steel - POSCO's 2009 Results Point to Continued Recovery 15 January 2010
China Sedans - Strong December Though Weaker January Start 13 January 2010
Copenhagen and After - The View Of China 22 December 2009
Steel - Firm Sentiment 18 December 2009
China - November Number's Contain Few Surprises 11 December 2009
Texwinca - Expect a Strong Second Half FY2010 11 December 2009
China Property - Policy Tone Set For 1H10 10 December 2009
China - Sedan Sales Reaccelerate In November: +50%, Inflation Creeping In 8 December 2009
China - Texwinca Results In Line, Highlight Industry Trends: Consolidation, High Efficiency 8 December 2009
Steel - POSCO Continues With Sound Strategy 3 December 2009
China - China Mobile Numbers Show It Is No Longer A Growth Stock 20 November 2009
Sany Heavy IPO - Strong Parent, Attractive Segment 16 November 2009
China Data - Mixed But Comparisons Hard 11 November 2009
Skyfame - Typical Debt Problem, Untypical Result 11 November 2009
China Autos - Cash For Clunkers Limited Success 10 November 2009
China - Sedan Sales Growth Steadies In October At 35% 9 November 2009
Steel - Inventory and Production Easing 9 November 2009
Construction Machinery - Sany Heavy and Guangxi Liugong Show R&D Prowess 6 November 2009
China Property Prices - Growth Slowing Though Policy Spurs Interest 6 November 2009
China Recovery Broadens - Confirms Bag Man 4 November 2009
China - Sany Group's Mining Division's IPO Well Worth a Look 3 November 2009
China Property - End of Supporting Policy May Distort Short Term Volume 28 October 2009
Sedan Sales - September Slowdown, But Still Strong 14 October 2009
Steel - Prices Should Rebound Before Year End 14 October 2009
China Property - The IPO To Watch -- Longfor 14 October 2009
China National Day Holiday - Retail Sales Strongest This Year 9 October 2009
China - Lonking Holding's Profit Warning Not Representative of the Industry 18 September 2009
Steel - Prices Continue to Correct as Inventories Rise, But Should Rebound Before Y/E 18 September 2009
China Macro - Growing Base Effect Influence In Second Half 16 September 2009
Construction Machinery - China Increasingly Important for Japanese Companies 15 September 2009
China's August Macro Numbers - Few Surprises 11 September 2009
China Car Sales - August Even Stronger 4 September 2009
China Property - Affordability Stretched Again in Key Cities 21 August 2009
Steel - Short-Term Correction Expected, Buy Long-Term 11 August 2009
China - Monetary and Fiscal Policy - No Change 10 August 2009
China Electricity - Industry Recovery Suggested 7 August 2009
China Car Sales - Strongest Yet 7 August 2009
China Property - Avoiding The Gamblers 6 August 2009
China Data - Looks Plausible At Last 5 August 2009
Steel - Tata Steel's GDR Issue Improves Balance Sheet 24 July 2009
China Telecoms Subs - Market Maturity Limits Growth 22 July 2009
Indonesia - A Changing of the Southeast Asian Market Order 10 July 2009
Passenger Car Sales - Restocking Continues in June 9 July 2009
China Sedan Sales - Acceleration to 15% y-o-y, Stockpiling Almost Over ? 2 July 2009
US Planting Intentions and EI Nino Clarification 1 July 2009
EI Nino - Starting To Attract Attention 30 June 2009
China Consumers - Starting To Buckle? 13 June 2009
China Inflation - Fears Drive May Gold Sales Strongly 12 June 2009
China Inflation - Deflation Should End In Third Quarter 10 June 2009
Car Sales - Restocking Explains Strong May Number 9 June 2009
EI Nino Update - Palm Oil Yields To Fall and Prices Rise 3 June 2009
Expressway - Shenzhen's Purchase Will Stretch Balance Sheet Further 2 June 2009
Steel - New Contract Iron Ore Prices Still Above Spot Prices 26 May 2009
China Construction Equipment - Caution For The Bulls 18 May 2009
Steel - Tata Steel Will Likely Shut Teesside Plant at Corus 11 May 2009
China Auto Sales - 33% Sedan Sales Growth Misleading 11 May 2009
China - China Electricity Output Down 4% in April 5 May 2009
Auto Sales - Slowdown Continues In April 29 April 2009
Greentown - The Worst May Still Be Ahead 24 April 2009
China - China Electricity Output Down 4% in April - Watching For Hiccup 24 April 2009
China Property - PRD Volumes Shrink, Reversal Ahead? 21 April 2009
China Telecoms - China Mobile Already Suffering From Competition 20 April 2009
Expressways - Fund Raising Could Spell Asset Injections 20 April 2009
China GDP - Not Out of the Woods Yet 16 April 2009
China Property - How We View Voices From CASS 14 April 2009
China Property - Inconsistent Data, Price Trend Down 13 April 2009
Steel - Protectionism Will Rise 9 April 2009
China Autos - Nothing To Get Excited About 9 April 2009
Steel - Beijing Takes Control of CITIC Pacific 8 April 2009
China - Property Sales Volume Sustainable ? 8 April 2009
Steel - Could Remains Over CITIC Pacific 6 April 2009
Palm Oil and Softs - EI Nino Warning 2 April 2009
Auto Sales - Steady In March But May Fade 1 April 2009
China - Coca-Cola Deal Unwanted By Both Sides 23 March 2009
China Mobile - Scope For Disappointment In 2009 20 March 2009
China Exports - February Bad by Any Reckoning 11 March 2009
China Wheat - Drought Fears Misplaced 11 March 2009
Falling Phone Usage - APRUs Under Pressure 10 March 2009
China Autos - Strong February Rebound 10 March 2009
China Inflation - February The Trough 10 March 2009
Property Volume Recovery - Reaction to Discounts 5 March 2009
China Autos - Dealer Sales Recovery Continues In February 4 March 2009
Autos - First Shanghai Number Plate Price Increase Since End 2007 3 March 2009
China Market - Newly Opened and Active Accounts Decline 3 March 2009
China Property - Central Government's Thinking Unchanged 28 February 2009
Sign of the Time - In Switzerland and Asian Families 27 February 2009
Steel - Latest Profit Warning: Maanshan 27 February 2009
Sign of the Time - Mothballing Plants a Growth Industry 26 February 2009
China Wheat - Drought More Rhetoric Than Reality As Emergency Alert Downgraded 23 February 2009
China - US Relations Get Over Manipulation Remarks 23 February 2009
China - China Mobile's Share of New Subscribers Slumps 20 February 2009
China Stocks - Only A Matter of Time Before Beijing Takes Action 18 February 2009
China Auto Sales - Firm Rebound Underway ? 6 February 2009
Retail - Closer Look at Holiday Sales 6 February 2009
China - China Wheat Drought No Causer for Alarm 5 February 2009
Retail Sales - Holiday Sales Continues To Slow Significantly 2 February 2009
Steel - Tata Steel Cuts 8% of Jobs at Corus 27 January 2009
China - Chongqing New Property Measures: Significant, But Local 22 January 2009
China - China Property Cash, Cash, Cash Not Location, Location, Location 21 January 2009
Steel - Angang Issue Profit Warning, Expect Major Correction 20 January 2009
Steel - Baosteel Increases March Prices, Demand Still Weak 20 January 2009
Steel - POSCO's 08 EPS in Line, Expect Weaker 09 16 January 2009
China - China Policy Pressure Builds on Wen Jiabao 14 January 2009
China Trade - Expect Few Good Signs Until March 13 January 2009
China - December Passenger Car Sales Down 8% Little Signs of Recovery - Edited 13 January 2009
China - China's "Better Performance" May Not Be What It Seems 12 January 2009
Private Developer Folds - And So It Begins 9 January 2009
Steel - Chinese Demand Stabilising as Sentiment Improves 7 January 2009
China - China Financial Stress Seems to Rise 5 January 2009
China - Nov. Industrial Production Slows to 5.4%, Electricity Production Down 9.6% 15 December 2008
China - November Retail Sales Robust Expect Single Digits in 2009 12 December 2008
China - Falling November Tax Revenues May Limit Local Government Spending 11 December 2008
China - CPI Shows Faster Than Forecast 11 December 2008
Stress - Rising Factory Inventories Pushing Down ASPs 11 December 2008
Inflation - PPI Continues To Slow Faster Than Expected 10 December 2008
China - Temporary Shorter-Term Focus 10 December 2008
China - Shaoxing Companies In Trouble 10 December 2008
Textiles - Texwinca Experts January Rebound 9 December 2008
China - China Auto Sales Fall 10% in November 7 December 2008
Steel - Interest in Steel Returning but Expert Volatility 5 December 2008
China RMB - Concern About Outflows 5 December 2008
China - China Chongqing Property News Not Indicative 5 December 2008
China Stress - Auto Dealers Increasingly Negative 4 December 2008
China RMB - Sign of Intent 3 December 2008
Steel - BHP Abandons Rio Bid Amidst Weak Market 25 November 2008
China - China Employment Grim 21 November 2008
Property Workshop Conclusions - Too Early To Be Early 17 November 2008
China - China October Tax Revenues Down 0.3% 17 November 2008
China Macro - Slowdown Greater Than We Expected 13 November 2008
China Export Details - Further Signs of Robustness 12 November 2008
China - Retail Sales Growth Remains Stronger Than Expected 12 November 2008
China - China Exports Still Grew 19.2% in October 11 November 2008
China - China Inflation Continues To Fall Significantly 11 November 2008
Steel and Infrastructure - Accelerated Spending Will Underpin Chinese Steel Demand 10 November 2008
China - China Stimulus No Surprises Except Size 10 November 2008
Steel - Baosteel's Q3 Below Expectation On Higher Costs and Inventory Write - Downs 31 October 2008
Railways - Rmb2trn Railway Investment Point to More Infrastructure Spending 28 October 2008
Steel - Baosteel Cuts December Prices, But Still In Line With Expectations 22 October 2008
Steel - Downgrade CITIC Pacific to Sell 21 October 2008
China Inflation - PPI Peaked ? 20 October 2008
China Printing & Dyeing 10 October 2008
Steel - FerroChina Symptomatic of Downstream Processors, Not Large Players 10 October 2008
China Property - Local Measures Appearing 3 October 2008
China - First Purchasing Managers' Survey Rise Since April 2 October 2008
China - Pay Heed to Fan Gang 30 September 2008
China - Straws in the Wind Bears Should Consider 29 September 2008
China - China Rate Cut Shows Intent 15 September 2008
China Inflation - Decline Even Faster Than Expected 10 September 2008
Steel - Panzhihua Quake Impact Under 1% 2 September 2008
China Currency - Less Appreciation 1 September 2008
China Consumer Confidence - Seems to Be Recovering At Last 27 August 2008
China Market - Bottoming Signs 27 August 2008
Steel - Baosteel Cuts Q4 Prices, But We Expect Recovery At Year End 26 August 2008
Unicom/Netcom Results - Questions For The Companies 26 August 2008
China - China Grid Calls For Higher End-User Power Tariffs 21 August 2008
Telecoms - July Mobile Adds Slump 20 August 2008
China - IPP Shares Fall On Tariff Increase - Buy 20 August 2008
China - China Energy Task Force Likely To Recommend IPP Tariff Increase 19 August 2008
China - Very Useful Paper On China's Energy Policy Bodies 18 August 2008
China Inflation - Food Prices Slowing Faster - 4.6% by December 12 August 2008
China - Mixed Signals PPI and Autos 11 August 2008
Textiles - Weiqiao Textile: Doubts About Longer-Term Strategy, Sell 30 July 2008
Internet - Chinese Internet Users Exceed 250mn 29 July 2008
Steel - POSCO's Q2 Confirms Margin Strength 13 July 2008
IPP Tariff Increases - The Start, Not End of The Process 3 July 2008
Steel - Baosteel Continues to be Leading Consolidator 27 June 2008
Energy Price Increases Just The Start - Buy Sinopec, PetroChina, IPPs 20 June 2008
Shandong Power Tariff Hike - Government Committed To Market Mechanisms 12 June 2008
Inflation - Looks As If It Has Peaked 12 June 2008
Inflation - PPI Higher till July 11 June 2008
China - China Auto Sales Confirm Consumer Confidence 6 June 2008
Power - Coal Price Restrictions Less Significant Than They Look 6 June 2008
Telecoms - Planned PHS Closures to Thwart China Mobile Subscriber Gains 2 June 2008
Commodities - Inflation Falling in Second Half 30 May 2008
Power - IPP Stock Up As Government Seeks Way To Offset Rising Coal Prices 30 May 2008
Rice - Panic Over 27 May 2008
Telecoms - Telecoms Revamp Announcement Still Leaves Many Uncertainties 26 May 2008
China - Telecoms Restructuring Gets Underway in China 23 May 2008
China - China Internet Stocks Fall On Earthquake - Buying Opportunity 20 May 2008
China - Sichuan Earthquake Damage Likely Limited to Short Term 13 May 2008
Rice - Rice Price Likely to Rise More Than Expected On Burmese Cyclone 7 May 2008
Power - Power Tariff Increase Reportedly Considered For China IPPs 29 April 2008
Taiwan - Taiwan Signals No Great Rush on Cross Strait Deal 29 April 2008
Steel - Baosteel's Overseas Listing May Be Impending, But Not Likely Soon 28 April 2008
Power - Increase In IPP Tariffs Manageable 22 April 2008
Steel - Buy Maanshan, One of Cheapest Asian Steel Shares, Growing43% in 08 19 April 2008
Steel - Olympics - Related Cuts Not As Large As Reported, But May Hold Up Prices 18 April 2008
Steel - Buy Angang on Expected 24% Recovery in 08 17 April 2008
Power - China Power Downgraded To Hold 17 April 2008
China - China Economy Angst Should Ease 16 April 2008
China - China Energy and Environment Workshop Macro Conclusions 15 April 2008
Textiles - China Ting: Satisfactory Considering 7 April 2008
Textiles - Weiqiao: Industry and Company Concerns 7 April 2008
Steel - Buy Bao on 30% Three-Year EPS CAGR 28 March 2008
Textiles - Shenzhou International: Dropping Coverage Until Derivatives Question Clears Up 26 March 2008
Taiwan - Taiwan Election Clears Way for Progress 25 March 2008
Commodities Correction Perspective - Likely Winners and Losers 21 March 2008
Taiwan - Taiwan Should Rally Regardless of Winner 20 March 2008
Steel - CITIC Pacific Has 52% Upside to Target Price 19 March 2008
Commodities and Currencies - Prepare for Corrections 13 March 2008
China - Retail Sales Supporting GDP Growth 12 March 2008
China Inflation - Hit By Snow 11 March 2008
China - Car Sales Show Consumer Spending Resilient Despite Snow 11 March 2008
Telecoms - Fundamental Turnaround Finally Boosts PCCW Earning - BUY 10 March 2008
China - China Indicates It is More Market Friendly 6 March 2008
China Energy - Positive News From Bureaucratic Overhaul 5 March 2008
Textiles - Fountain Set Issues Profit Warning, Moves Out Of Guangdong 3 March 2008
Expressways - Hong Kong-Zhuhai-Macau Bridge Tender Should Boost Hopewell 29 February 2008
Steel - Baosteel Increases Q2 Price 6-20%, Offsetting Higher Iron Ore Costs 25 February 2008
Telecoms - Restructuring Announcement Imminent 22 February 2008
Fuel Oil Tax - Sinopec To Benefit 21 February 2008
Politics - Sign of the Time 20 February 2008
Telecoms - Fixed-Line Telcos Still Losing Subscribers 20 February 2008
China Inflation - Pork Price to Ease 2008 20 February 2008
China - CPI Likely To Rise To 8-9% 19 February 2008
China - Inflation Concerns Mount 18 February 2008
Steel - 65% Iron Ore Price Increases Well-Covered by Steel Price Rises 18 February 2008
Malaysia - Election Full of Questions 14 February 2008
Healthcare - Sign of the Times 13 February 2008
China - Snow Impact Update 11 February 2008
Commodities - Weather Crisis Hammers China's Economy 1 February 2008
Commodities - Cold Weather's Inflationary Impact on Foodstuffs 1 February 2008
Power - Energy Law, Energy Ministry Delayed 28 January 2008
Telecoms - China Netcom Lost 2.5mn Subscribers In December 20 January 2008
Strategy - Confidence to Rise after Taiwan Election 14 January 2008
Telecoms - Major Restructuring Imminent 12 January 2008
Steel - POSCO's 07 EPS In Line, Maintain Estimates and Buy 12 January 2008
Telecoms - Netcom Losses Accelerate, Restructuring Pressure Grows 20 December 2007
Textiles - Shenzhou International: Downgrading from Buy to Hold 17 December 2007
Inflation - USDA Raises Major Grains Price Forecasts 14 December 2007
Mining, Steel - BHPBilliton-Rio, Bao and China 14 December 2007
Textiles - Texwinca - Keeping Buying After Strong First Half 14 December 2007
Power - Sign of the Times - China to Manage Philippines Grid 13 December 2007
Asian Steel - Baosteel Buys More Assets From Parent 13 December 2007
China Inflation - Pressures Rise As PPI Accelerates 11 December 2007
China Environment - Closing the Loopholes 10 December 2007
Energy - Turning Point on Energy, Environment Signalled 7 December 2007
$100 Oil - No Recession Till $150-180 22 November 2007
Steel - Bao Shows Price Recovery Continues: Buy 21 November 2007
Telecoms - Restructuring Coming, Sell China Mobile 20 November 2007
Steel - High Raw Material Costs May Still Be Passed On 11 November 2007
China - China Risks Inflation With 8% Fuel Price Rise 1 November 2007
Steel - Baosteel's Stainless Loss Temporary 1 November 2007
Steel - Baosteel Q3 Earning - Blip in Otherwise strong Outlook 1 November 2007
Energy - Beijing Targets Officials in Conservation Drive 29 October 2007
Telecoms - Restructuring Signals Intensify, negative for China Mobile 26 October 2007
Telecoms - Clarity Emerging 22 October 2007
Inflation - Not Out of the Woods Yet 19 October 2007
Politics - 17th Congress More Politics Than Economics 12 October 2007
Textiles - EU China Agree to End Textiles, Garment Quotas 10 October 2007
Textiles - Buy Shenzhou, No Smoking Gun 10 October 2007
Textiles - Shenzhou Announces Auditor Change 30 September 2007
Power, Energy - Stricter Environmental Measures Ahead 28 September 2007
Inflation - Australian Wheat Forecast Cut 24 September 2007
Inflation - Pasta Strike Sign of the Times 13 September 2007
Inflation - A Warning Worldwide 11 September 2007
Steel - Baosteel H1 Results In lines, Maintain Estimates and Buy 3 September 2007
Railways - Daqin H1 Results In lines, Maintain Long-Term Buy 31 August 2007
Railways - Guangshen Still a Long-Term Buy, Lowering 07 Estimates 12% 31 August 2007
Steel - Tata Steel Consolidated Q1 Results Above Expectations 30 August 2007
Expressway - Anhui H1 Hit By Higher Tax, Still a Long-Term Buy 27 August 2007
Expressway - Hopewell Results In Line - Buy 23 August 2007
Expressway - Zhejiang H1 Results Ahead of Expectations But Maintain Hold 23 August 2007
Steel - CITIC Pacific H1 Results Ahead of Expectations - Buy 23 August 2007
Steel - Baosteel Lowers Q4 Prices, A Delayed Adjustment to Spot Market 21 August 2007
Expressways - Jiangsu H1 Results Better Than Expected, Raising Forecasts 21 August 2007
Inflation - Beijing Behind the Curve 13 August 2007
Steel - JFE Q1 Results Very Strong 31 July 2007
Steel - Nippon Steel Q1 Results In Line, Maintaining Estimates 31 July 2007
Steel - SAIL Q1 Results Below Expectations, Lowering Estimates 26 July 2007
Steel - JSW Q1 Results In Line, Maintaining Estimates 25 July 2007
Telecoms - Sell UTStarcom 21 July 2007
Inflation - Beijing Behind the Curve 20 July 2007
Steel - POSCO's Q2 Results Strong And In Line, Maintain Estimates and Buy 17 July 2007
Textiles: Cotton Price Warning 11 July 2007
Textiles: Shenzhou An Exporter Doing Even Better 5 July 2007
Textiles - Rebate Cuts: Little Impact 20 June 2007
China Macro - Tax Rebate Cuts Minimal Long-Term Impact 20 June 2007
China Property - Vincent Lo Sign of the Changing Times 18 June 2007
China Telecom: Acquistion at 10XPER, But Small. Hold 18 June 2007
UTStarcom - Sell: Bond Holders Issue Default Notice 8 June 2007
Chinese Power Tariffs - No Increase Likely Until Year-end 6 June 2007
Focus Media - New Growth Area 6 June 2007
China and Climate Change - Good Intentions; Hard to Implement 5 June 2007
Telecoms: UTStarcom - China CEO Quits, Strategic Review Concluded, Still No Financials: SELL 4 June 2007
Textiles: Shenzhou International - Raising Estimates on Better Margins 29 May 2007
Asian Steel: Baosteel Maintains Q3 Prices as Industry Takes a Breather 23 May 2007
Asian Steel: Buy Tata Steel 21 May 2007
Textiles: Pacific Textiles IPO - Pay Up To HK$ 3.20 7 May 2007
Asian Steel: Sumitomo Results In Line, Lowering FY08 Estimates Slightly by 5% 3 May 2007
Asian Steel: JSW EPS Growth Up 43%, Maintaining Estimates 3 May 2007
Railways: Daqin Still a Buy, Raising Estimates 1 May 2007
Asian Steel: Nippon Steel Results Ahead of Expectations, Raising 08 Estimates 1 May 2007
Asian Steel: JFE Results In Line, Raising 08 Estimates 27 Apr 2007
Expressways: Zhejiang Results In Line, Maintain Hold 26 Apr 2007
Textiles: Canton Fair Shows Fabrics Growth Stronger, Garments Weaker 25 Apr 2007
Railways: Buy Guangshen, Raising Estimates 23 Apr 2007
Textiles: Texwince Benefiting From Environmental Controls-Driven Consolidation 20 Apr 2007
Asian Steel: Tata Hold on Equity Dilution, Lowering Estimates 20 Apr 2007
Asian Steel: Maintaining Maanshan's Estimates and Buy 19 Apr 2007
Telecoms: Sell UTStarcom, Which Failed to Meet Its Nasdaq Deadline 19 Apr 2007
Asian Steel: POSCO's Q1 Results In Line, Maintain Estimates 13 Apr 2007
Asian Steel: Lowering Angang's EPS on Rights Issue, Weakness Seen 13 Apr 2007
Telecoms: UTStarcom - Disappointment Imminent 12 Apr 2007
Asian Steel: Baosteel Maintain Estimates and Buy 9 Apr 2007
Asian Steel: Baosteel's Results Ahead of Expectations, Maintain Buy 4 Apr 2007
Textiles: China Ting 2006 Results Disappoint on Operating Level 29 Mar 2007
Expressways: Jiangsu Results In Line, Raising Forecasts 27 Mar 2007
Expressways: Anhui Still A Long-Term Buy 27 Mar 2007
Telecoms: Sell UTStarcom On Latest PHS Subscriber Numbers 22 Mar 2007
Telecoms: Sell China Mobile - Churn, Marketing Costs Are Concerns 22 Mar 2007
Telecoms: China Telecom Subscriber Adds Down Again 20 Mar 2007
Power: China Power Outlook Still Strong Despite Low 2006 Results 19 Mar 2007
Textiles: Maintain Buy on Shenzhou Int'l 19 Mar 2007
Expressways: Raising DCF Value 7 Mar 2007
Expressways: Shenzhen Negative Short Term But Still Has Long-Term Value 7 Mar 2007
Asian Steel: Baosteel Price Increase Underlines Industry Strength 2 Mar 2007
China Macro: China Facing an Inevitable Classic Asian Liquidity Rally 1 Mar 2007
China Macro: Investment Growth Plunge Continues to 13.8% 25 Jan 2007
China Retail: Gome - One More Factor to Consider 19 Jan 2007
Telecoms: SELL UTStarcom: Still More Problems 13 Jan 2007
Asian Steel: Maintain BUY on POSCO as Earnings Recovery Continues 12 Jan 2007
China Textiles: Increasingly Positive News Underlines Case 10 Jan 2007
China Telecoms: November Data - Fixed Line Cos Still Under Pressure 20 Dec 2006
Asian Steel: Maintain BUY on Lower Coking Coal Prices 20 Dec 2006
China Autos: Norstar Founders - May Supply Shanghai GM by 2Q07 19 Dec 2006
China Textiles: Buy Victory City, Shenzhou International 14 Dec 2006
Telecom: UTStarcom's Woes Grow - Sell 5 Dec 2006
China Expressways: Traffic In Line to Slightly Better Expected 2 Dec 2006
Asian Steel: BUY - Q3/Q2 Results Better Than Expected 13 Nov 2006
Maintain BUY on POSCO - M&A Possibilities, Q3 Results in Line 15 Oct 2006
Renewed M&A Talk - BUY Asian Steel Shares 13 Oct 2006
North Korea: First Thoughts 9 Oct 2006
Autos: Coming Soon - "Made in China" London Cabs 5 Oct 2006
China: Manufacturing Price Rises To Continue 4 Oct 2006
Thailand: Still Avoid 20 Sep 2006
Autos: Geely - Better Product Mix, lower Unit Sales for 2H06: BUY 19 Sep 2006
Telecoms: PCCW's Turn-Around Continues - Continue to Recommend BUY 15 Sep 2006
China Macro: FAI Slowing Sharply As Expected 13 Sep 2006
Textiles: Top Form's FY2006 Results: Efficiency Back But High Costs Continue 12 Sep 2006
Textiles: Weiqiao Textiles 1H06 Results: High Sales Growth, Strong Domestic Demand 12 Sep 2006
Autos: August Sales Growth Beyond Expectations 8 Sep 2006
Textiles: China Ting - Waiting For Stronger Growth 8 Sep 2006
Dairy: Mengniu - Sales Growth Exceeds Expectations But EPS Growth Slows to 14% 6 Sep 2006
Steel: Baosteel - Results In Lines, BUY Maintained 30 Aug 2006
New Oriental - Strong Reputation But Rising Competition 30 Aug 2006
Auto: Dongfeng Motor - Commercial Vehicles May Be The Achilles Heel 29 Aug 2006
China Rate Rise: No Cause For Alarm 21 Aug 2006
Auto: China Promotes Auto Exports 18 Aug 2006
Textiles: Shenzhou - Living Up to Expectations 14 Aug 2006
PCCW/PCPD: The End of the Beginning 11 Jul 2006
China Auto: Sales Growth Slows To An Expected 16% 10 Jul 2006
PCCW: Deal Still Likely - Netcom's Position More Posturing than Substance 6 Jul 2006
China Dairy: Mengniu Management SELLS So Would We 1 Jul 2006
Asian Steel: Price Increase Announcement Affirms Our Buy On POSCO 29 Jun 2006
China Telecom: China Mobile: What We Feared 9 Jun 2006
Asian Steel: Baosteel Raises Q3 Prices 7-13% 24 May 2006
China Telecom: More Chaos at UTStarcom 11 May 2006
China Telecom: SELL Into China Unicom Speculation 4 May 2006
Asian Steel: Buying Opportunity After China Steel Share Price Falls 4 May 2006
Asian Steel: Wuhan Steel Should Recover From 1Q06, Still a Long-Term Buy 27 Apr 2006
Asian Dairy: Management Confirm Pressures - SELL Mengniu 25 Apr 2006
Asian Wine: Dynasty's 2005 Results Confirm Increasing Competition, Declining Margins 24 Apr 2006
Asian Steel: JSW Still a Long-Term Buy, FY06 Results In Line 20 Apr 2006
Asian Steel: Reduce Maanshan to Hold, But Still a Long-Term Buy 14 Apr 2006
Asian Steel: POSCO's Weak Q1 Not Surprising, Recovery Ahead 14 Apr 2006
Asian Steel: Angang Still a BUY, Further Growth Expected 12 Apr 2006
Asian Dairy: SELL Mengniu 11 Apr 2006
Asian Infrastructure: Anhui Expressway Looks the Most Promising 10 Apr 2006
China Auto: Financing Companies More Confident 3 Apr 2006
Asian Steel: Baosteel Results Not Surprising, 06 Earnings Decline Priced In 3 Apr 2006
Telecom: Dissent On 3G, Still All To Play For 30 Mar 2006
Asian Steel: Stability in Later Stage of the Cycle 30 Mar 2006
China Infrastructure: CNBM Outlook Not Too Exciting 28 Mar 2006
Asian Steel: Iron Ore Price Settlement May be Soon After April 1 27 Mar 2006
China Auto: Size Matter, Smaller the Better 23 Mar 2006
Telecom: UTStarcom - Prospects Poor, Delisting Threatened 23 Mar 2006
Telecom: China Mobile Increased Lead Over Unicom in February 20 Mar 2006
Telecom: China Mobile CTO Resigns 16 Mar 2006
China Auto: Geely Auto February Sales Up 115% 6 Mar 2006
Thai: Heading for the Stand-Off 6 Mar 2006
Thai: Long Weekend Ahead SELL 2 Mar 2006
Thai: Uncertainty Will Drag Market Down SELL 1 Mar 2006
Asian Steel: Nippon Steel and Sumitomo Consolidate Week Businesses 1 Mar 2006
Telecom: PCCW 3G Promotion Oversubscribed 28 Feb 2006
Asian Steel: Baosteel Q2 Price Increases Larger Than Expected 24 Feb 2006
Telecom: PCCW signs TVB channels to pay - TV service 22 Feb 2006
Asian Steel: Baosteel Q2 Price Announcement Expected This Week 20 Feb 2006
Asian Steel: Wuhan Raises Prices, Affirming Current Recovery 16 Feb 2006
Telecom: UTStarcom Looks to a Tough 2006 14 Feb 2006
Telecom: Anti 3G Comment in Chinese Press 3 Feb 2006
Asian Steel: Upgrading Nippon Steel, Buy JFE 2 Feb 2006
Asian Steel: Consolidation Speeding Up, Leading to Longer Term Strength 2 Feb 2006
Internet: Don't Hold Your Breath for 3G 27 Jan 2006
Asian Steel: Tata Steel and JSW 9MFY06 results Below Expectations 27 Jan 2006
Internet: Baidu Losing to Google Still SELL 20 Jan 2006
Asian Steel: Price Recovery Still Tenuous But Negativity Seems Fully Discounted 20 Jan 2006
China Auto: Monthly Sedan Sales Break Though 300,000 Mark 16 Jan 2006
Asian Steel: POSCO Results In Line, Expect Weaker 06, Stronger 07 13 Jan 2006
China Auto: Government Lifts Ban on Use of Smaller Vehicles on Major City Roads 5 Jan 2006
Asian Steel: POSCO Cuts Domestic Prices But Maintains Premium 23 December 2005
Asian Steel: Chinese Consolidation Continues - Wuhan Buys Liuzhou 23 December 2005
Asian Steel: Chinese November Output Fell 3-5%, Preventing Further Weakness Prices 15 December 2005
China Auto: Geely Benefiting From Better Product Mix 6 December 2005
Asian Steel: Beware Misleading Numbers from SCDRC 6 December 2005
Telecom: Still Do Not Expect China 3G Licences Soon 24 November 2005
Asian Steel: Baosteel Cuts 1Q06 Prices But Expects Q2 Recovery 23 November 2005
Asian Steel: Sumitomo Metal H1 Well Above Expectations 10 November 2005
Asian Steel: JFE H1 Above Expectations 10 November 2005
Telecom: UTStarcom - More Losses To Come, Still A SELL 9 November 2005
Asian Steel: Still Prefer JFE, Sumitomo to Nippon Steel 2 November 2005
China Auto: Geely Parent Gansu JV Interesting Long-Term for Geely 2 November 2005
Telecom: China Unicom - Still Sell 1 November 2005
Asian Steel: Sentiment On Chinese Steel Prices Bottoming 31 October 2005
Asian Steel: Angang's 9M05 Results Slightly Better Than Expected 31 October 2005
Asian Steel: Maanshan's 9M05 Results Ahead of Consensus 26 October 2005
Telecoms: China Mobile Still Gaining Market Share 22 October 2005
Internet: Will Baidu Go the Way of HotBot? 18 October 2005
Asian Steel: Weaker Prices Could Stabilise With Exports, Stronger Recovery 2H06 17 October 2005
Asian Steel: POSCO's 3Q Weaker But Still Ahead of Expectations 14 October 2005
Telecoms: Another UTStarcom Profit Warning 11 October 2005
China Auto: Geely September Sales Up 72% y-o-y, 25% m-o-m 10 October 2005
Internet : Baidu's Meagre R&D Can Never Support Its Ambitions 28 September 2005
China : No New Construction Cycle 27 September 2005
Asian Steel : Baosteel Cuts Q4 Premium Prices, Average Still Above Expectations 24 August 2005
Asian Steel : Baosteel Share Structure Approved 16 August 2005
Asian Steel : Maanshan In Line Beats Consensus Expectations 16 August 2005
Asian Steel : Angang's 1H05 Better Than Expected 15 August 2005
China Auto : Shanghai VW Cuts Prices 4-16% 10 August 2005
Telecoms : UTStarcom Guides to Significant Q3 Losses 5 August 2005
Asian Currencies : Ringgit to Appreciate Faster Than Yuan 29 July 2005
Asian Steel : Sumitomo Metal Exceeds Expectations in Q1 28 July 2005
Asian Steel : China's New Steel Policy Will Speed Up Consolidation 26 July 2005
Telecoms : China Mobile Still Gaining Share 21 July 2005
Asian Steel : Steel Prices Seem to Be Bottoming 1 July 2005
Telecoms : IP Negotiations Excuses for 3G Delays 24 June 2005
China : Baltic Freight Index 2 24 June 2005
China : Baltic Freight Index Misleading 23 June 2005
Asian Steel : Price Slide Slowing Down 11 June 2005
Asian Steel : Maintain Short Term SELL As Steel Spot Prices Remain Week 3 June 2005
Asian Strategy : Whiff of Trade Wars? 2 June 2005
Asian Steel : SAIL Well Ahead of Expectations 30 May 2005
Asian Steel : Bao Maintains 3Q Steel Prices As Traders See Inventories Falling 25 May 2005
Asian Steel : Tata Steel FY05 Results Just Slightly Ahead Expectations 24 May 2005
China : Solace for Commodity Bulls, Warning for Bears 20 May 2005
China Auto: Sings of a Pick Up, April Sedan Sales Up 7% 20 May 2005
Asian Steel: JFE FY05 Results Well Ahead of Consensus Expectations 19 May 2005
China: Finally Serious Measures To Cool Property 13 May 2005
China: IEA Oil Number Not Indicative 12 May 2005
China: Currency Nonsense 11 May 2005
UTStarcom: Tough Time Still Ahead 6 May 2005
Asian Steel: 2004 Earnings Round-Up 6 May 2005
Asian Steel: Steel Prices Down, Market On Track 5 May 2005
China: Shanghai Auto Show's Positive Signs 5 May 2005
China: Japan Tension 14 Apr 2005
UTStarcom: After Failing to File 10-K Still SELL 1 Apr 2005
China: Mortgage Tightening Largely Illusory 17 Mar 2005
Steel: China Steel 2004 Preliminary Results In Line 1 Feb 2005
China: Overreaction to 9.5% GDP Growth 26 Jan 2005
China: Yuan Revaluation More Likely in 3Q 26 Jan 2005
Malaysia: Currency Comments Justify Continued Overweighting 21 Jan 2005
China: Auto Inventories The Next China Scare? 20 Jan 2005
Steel: POSCO Still Our Favourite Asian Steel Stock 14 Jan 2005
China: Tension with Taiwan to Subside 11 Jan 2005
UTStarcom: Disappointing Results 7 Jan 2005
Steel: An Expanded & More Transparent Angang 5 Jan 2005