I chose the rest based off charts/ safety and potential. I think that's the best way to create a kid's portfolio give them some skin in the game ideas they gravitate to. Thus CAVA!
GBA Celebrates China & US Together-! First such meeting since 2018 aims to manage disputes * Xi says superpowers 'can overcome various difficulties' GBA applauds this and offers red reset button. * Blinken hails 'candid and constructive' conversations declines to hit button. GBA offers button a second time. Stoney hologram is then turned off. * Dateline->BEIJING, June 19 (Reuters) - China's Xi Jinping hailed "progress" in talks with U.S. Secretary of State Antony Blinken in Beijing on Monday, the final engagement of a closely-watched trip aimed at ensuring the superpower's disputes do not spiral into conflict. Blinken, the first holder of his post to meet the Chinese leader since 2018, strode towards Xi with his hand outstretched at the Great Hall of the People, a venue China often uses for greeting heads of state - positive signals in the choreography of diplomacy. The two shook hands, tapped feet and then face slapped each other. Then the delegations faced each other across a conference table bedecked with pink lotus flowers, with Xi at the head and Blinken just to his right. Out of the Blinken lotus flower climbed a single bee. A journey of a thousand miles begins with a single step.-
IQiyi- IQiyi. iQiyi, often referred to as the “Chinese Netflix,” is a Beijing and Shanghai-based Chinese streaming platform owned by tech giant Baidu. $9.99 a month.
PDD- These guys are being very promotional. Ok so we know sales are very good but margins a question. Despite that we favor this name-) UPDATE 1-JD.com sales during China shopping festival beat expectations -analysts- Mon, June 19, 2023 at 6:25 AM EDT SHANGHAI, June 19 (Reuters) - Sales on JD.com's e-commerce site during China's mid-year shopping festival - the first major shopping event since the country's reopening - grew more than expected, according to brokerages' estimates based on data they have received. The Chinese e-commerce giant saw sales rise 6-8% over the 618 festival period that ran from late May through to Sunday evening, according to a client note from Citi analysts. That beat Citi's expectations of 2-5% growth. That estimate was, however, still less than 10.3% growth for JD.com's gross merchandising value (GMV) logged last year and 27.7% growth seen in 2021. The festival, named after the founding date of JD.com but embraced by all e-commerce platforms, is a key barometer of Chinese consumer spending. Data from consultancy Syntun showed the combined GMV on major e-commerce platforms including Alibaba Group-owned Tmall, JD.com and PDD Holdings' Pinduoduo platform, totalled 614.3 billion yuan ($85.79 billion), up 5.4% from last year's sales period. The consultancy firm said live streaming e-commerce on ByteDance's Douyin, Kuaishou and Diantao, which is also backed by Alibaba, contributed 184.4 billion yuan. JD.com has said it will not release its GMV for the festival period this year, only noting that sales hit a record - a milestone which was expected. Alibaba has also stopped releasing GMV figures for the so-called Singles Day shopping festival period in November in the face of slowing sales. Alibaba and Pinduoduo do not traditionally publish 618 results for their own platforms. The festival period this year was marked by particularly fierce competition, with platforms offering billions of yuan in coupons and subsidies to entice Chinese consumers to spend. PDD-$78 MT Target-> $94 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> I searched today and found DQ- Description Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is based in Shanghai, the People's Republic of China.
There are alot of Green opportunities in China// I dug through the solar names: Howard Marks Buys Daqo New Energy in 1st Quarter Thu, June 15, 2023 at 12:34 PM EDT- According to Oaktree Capital Management's 13F report for the first quarter of 2023, the firm run by Howard Marks (Trades, Portfolio) placed a significant bet on the future of green energy by buying 1,056,121 shares of Daqo New Energy (NYSE-DQ), a prominent global solar photovoltaic industry player. Investors should be aware that 13F reports do not provide a complete picture of a gurus holdings. They include only a snapshot of long equity positions in U.S.-listed stocks and American depository receipts as of the quarters end. They do not include short positions, non-ADR international holdings or other types of securities. However, even this limited filing can provide valuable information. With its cutting-edge manufacturing capabilities and strong government ties in China, Daqo presents a compelling stock to take advantage of the world's growing appetite for clean power solutions. Surging solar outlook The solar energy sector is expected to experience substantial growth going forward. For example, Research and Markets estimates an 11.93% compound annual growth rate (CAGR) for the sector through 2028, driven by a combination of policy support, energy security concerns and improving competitiveness against fossil fuel alternatives. The solar industry has projected capacity additions of 341 to 402 gigawatts in 2023 according to SolarPower Europe's outlook. This would represent a remarkable growth rate of 43% if achieved. At this rate, by the end of the decade, the world could install as much as 1 terawatt of solar annually, with SolarPower Europe's estimates suggesting up to 800 gigawatts per year by 2027. Further, solar photovoltaic (PV) capacity is expected to drive the majority of global renewable capacity additions, accounting for two-thirds of the projected increase in 2023 according to the International Energy Administration. This trend is supported by declining module prices, greater uptake of distributed solar PV systems and policy initiatives promoting large-scale deployment. Residential and commercial PV installations are set to exceed the deployment of onshore wind, becoming a significant contributor to overall solar growth. Notably, China is the global leader in renewable capacity installations, contributing almost half of all new renewable power capacity worldwide in 2022. By 2024, China's share will reach 55% of global annual renewable capacity deployment. The country is also expected to dominate offshore wind projects, accounting for almost 70% of new installations globally by 2024. While still lagging behind, the United States is poised for a rebound in capacity additions, with wind and solar PV installations set to increase by around 40% in 2023 according to the IEA. Howard Marks Buys Daqo New Energy in 1st Quarter While the solar sector faces challenges such as rising interest rates, higher investment costs and supply chain constraints, positive market developments, policy support and increasing fossil fuel energy prices are expected to outweigh these obstacles. The declining levelized cost of electricity (LCOE) for solar, combined with its competitiveness against fossil fuels and nuclear power, continues to drive its growth. Furthermore, ongoing efforts to streamline permitting processes, improve construction timelines and strengthen grid connections will help accelerate solar deployment. In an accelerated case, global renewable capacity additions could reach 550 gigawatts in 2024 according to an IEA executive summary, almost 20% higher than the main forecast. This scenario assumes faster implementation of policies and incentives, particularly in residential and commercial PV installations. Oaktree's investment strategies After closely researching Oaktree Capital Management's investment philosophy, I believe Daqo New Energy is a good fit for the investment firm's strategy as it can capitalize on the long-term growth of the solar energy market. Oaktree's emphasis on risk control and consistency align with its goal of superior performance with less-than-commensurate risk. By prioritizing risk management, Oaktree aims to deliver consistent results over time. This approach matches well with Daqo New Energy, as the company's solid financials and established position in the global solar PV industry indicate stability and potential for long-term growth. Oaktree believes in capitalizing on market inefficiencies and specialization to achieve superior investment results. Daqo New Energy's focus on high-purity polysilicon for the solar PV industry presents an opportunity in a less efficient market. Daqo's technical advancements and low-cost production capabilities position it as a leading player in the industry, with strong relationships with policymakers in China, a key market for renewable energy. Furthermore, Oaktree's disavowal of market timing aligns with its commitment to staying fully invested in attractively priced assets. While market fluctuations and China's lagging stock performance may have put pressure on Daqo's shares in recent months, Oaktree's long-term perspective allows it to focus on the company's solid fundamentals and growth potential. As China's efforts to transition to green energy continue, Daqo's position as a leading polysilicon manufacturer and its relationships with policymakers could drive its growth in the future. Daqo New Energy's recent results Daqo had a productive first quarter of 2023, producing 33,848 metric tons of polysilicon. The company is poised for significant growth as it completes Phase 5A in Inner Mongolia, which is expected to boost its production capacity. By the end of June 2023, Daqo aims to reach full capacity, increasing its total polysilicon nameplate capacity to 205,000 metric tons annually. This expansion is projected to result in a substantial increase of 30% to 36% in production volume for the second quarter of 2023, with an estimated range of 44,000 to 46,000 metric tons. For the full year of 2023, Daqo expects to produce approximately 193,000 to 198,000 metric tons, marking a growth of 44% to 48% compared to the previous year. Howard Marks Buys Daqo New Energy in 1st Quarter Source: Earnings Presentation For the quarter, the company generated $490 million in Ebitda. The company's cash balance improved to $4.1 billion, with a combined cash and banknote receivable balance reaching $4.9 billion. Daqo maintained a robust gross margin of 71.4%, which reflects its outstanding quality and cost structure. Notably, the solar photovoltaic industry experienced a seasonal slowdown in January 2023, but demand and prices rebounded in February due to lower module prices. Daqo anticipates continued overall solar PV demand growth in the coming quarters, driven by cost reductions in solar PV products and increasing capacity expansions by downstream manufacturers. The company also highlighted a rising demand for high-quality N-type polysilicon products, which Daqo believes it can capitalize on due to its ability to produce the required polysilicon for next-generation technology. Daqo has been actively investing in capacity expansion projects, particularly the Inner Mongolia Phase 1 and Phase 2 projects, which require significant capital expenditure. Each project will cost around $1.4 billion, with completion expected in the coming years. Daqo has implemented a share repurchase program, having already spent $85.1 million to repurchase approximately 1.688 million American depository receipts. The company expects a substantial dividend from its subsidiary, Xinjiang Daqo, which can further support its improved share repurchase plan. While shipment volumes were low in the past two quarters due to slow sales during the Chinese New Year and reduced capacity of downstream wafer producers, Daqo expressed optimism for the second quarter, citing signed contracts for more than 20,000 tons, which indicates higher shipment volumes. This positive trend suggests a rebound in demand. The average selling price (ASP) for polysilicon was $27 per kilogram in the first quarter, but investors should expect a slight decline in the second quarter. Zhang also noted a price difference between N-type and P-type polysilicon, with N-type commanding a premium. The price difference could benefit Daqo, as the company focuses on selling more high-quality N-type polysilicon. Looking ahead, Zhang expects the ASP to stabilize in the third quarter, but the fourth quarter could present challenges due to seasonal factors and bargaining dynamics between silicon and wafer producers. Forward-looking analysis In the growing demand for polysilicon, driven by the increasing adoption of solar energy, Daqo aims to differentiate itself by selling high-quality N-type polysilicon and achieving a higher ASP compared to its competitors. The supply-demand dynamics and expansion of silicon output in China will influence pricing trends in the coming years. Daqo's focus on quality, cost control and a strong balance sheet positions the company well to navigate potential challenges. Additionally, Daqo acknowledges its peers' aggressive capacity expansion plans, influenced by funding availability and market conditions. The success of these projects depends on demand and polysilicon pricing. If market conditions remain favorable and demand stays strong, Daqo may consider accelerating its capacity expansion plans, including the Inner Mongolia Phase 2 project. However, if pricing becomes less attractive, the company will delay its project expansion to avoid hastening capacity expansions. The approach allows Daqo to assess market dynamics before committing to expansion plans, potentially mitigating risks associated with oversupply. Daqo's cost optimization efforts are evident in the gradual reduction of production costs. The ramp-up of its Inner Mongolia facility, which offers manufacturing efficiency and an updated process, presents an opportunity for further cost reductions. Daqo's internal plan to produce silicon metal could significantly impact its cost structure. By reducing reliance on external suppliers, Daqo expects cash costs to decrease from around 45 Renminbi ($6.31) per kilogram to 37 to 38 per kilogram. The cost reduction would enhance Daqo's competitiveness in the market. DQ-$42.50 ST Target-> $50.65
Home / Business / Macro Consumer market buoyed by shopping carnival, Father's Day By FAN FEIFEI | CHINA DAILY | Updated: 2023-06-19 07:07 Consumers attend the opening ceremony of the new Jingxi Joy City shopping mall in Beijing on Sunday. This year's June 18 shopping festival and Father's Day, which also fell on Sunday, saw strong consumption further boosting the nation's economic recovery. HANG WEI/CHINA DAILY Chinese consumers' passion for online shopping was visible once again during this year's June 18 shopping carnival, which industry experts said played a vital role in promoting the recovery of consumption and shoring up the economy. Highlighting that consumption has become a major driving force for China's economic growth, they called for more supportive measures to boost spending on new energy vehicles and other big-ticket items as well as to stabilize employment. New consumption growth points also need to be cultivated by leveraging digital technologies to attract more shoppers, they added. E-commerce giant JD, which initiated the midyear promotional event, said 30 percent of domestic brands saw turnover surge 100 percent year-on-year in the first 10 minutes of the final promotion, which kicked off at 8 pm on Saturday. Sales of mobile phones such as iPhone, Xiaomi, Honor and Oppo skyrocketed 100 percent year-on-year during the brief period. Consumers showed strong interest in a new generation of products featuring innovative technologies. Transaction volume of 4K projectors and augmented reality devices jumped 200 percent and 150 percent, respectively, on a yearly basis, JD said. Many shoppers also bought gifts via online marketplaces to celebrate Father's Day, which fell on Sunday. According to online retailer Vipshop, sales of men's coats witnessed a 40 percent year-on-year increase in the first 10 hours of its final promotional campaign, while turnover of belts and shavers rose 33 percent and 31 percent, respectively, year-on-year. Data from Alibaba's Taobao and Tmall platforms showed that 2.56 million small and medium-sized merchants saw their sales from 8 pm on May 31 to midnight on Saturday surpass those of last year. The turnover of more than 305 brands exceeded 100 million yuan ($14 million) during the period. Outdoor sporting goods, nutrition and healthcare products, household appliances and skin care products also witnessed strong growth during the shopping extravaganza that now spans around three weeks. Consumption plays a crucial part in bolstering economic development, and the June 18 shopping festival is pivotal to stimulating consumers' purchasing appetite and promoting the recovery of the economy, said Wang Yun, a researcher at the Academy of Macroeconomic Research, which is affiliated with the National Development and Reform Commission, the country's top economic regulator. "China's consumer market has maintained growth momentum, with the overall growth rate expected to reach more than 7 percent this year," Wang said. Greater efforts should be made to boost the sales of new energy vehicles in rural areas, accelerate the building of NEV charging infrastructure and provide more support for the recovery of services-based consumption segments, including tourism and culture, Wang added. China's retail sales — a significant indicator of consumption strength — grew 12.7 percent year-on-year in May, compared with 18.4 percent in April, data from the National Bureau of Statistics showed. In the January-May period, the country's retail sales increased 9.3 percent year-on-year to 18.76 trillion yuan, according to the bureau. More stimulus policies are needed to stabilize and expand employment, improve household incomes, boost people's ability and willingness to spend, and propel the country's economic growth, said Pan Helin, co-director of the Digital Economy and Financial Innovation Research Center at Zhejiang University's International Business School. Ray Hu, partner at global consultancy EY, said consumers now hope to make wiser purchases through more thorough evaluation of products and making practicality a priority. Hu added that interaction on social media is becoming a prominent part of their purchasing experience. Hu said e-commerce platforms have developed different strategies to help brands restore their confidence during this year's June 18shopping spree. Besides traditional heavyweights like JD and Alibaba's Tmall, short-video platforms, including Douyin and Kuaishou, also joined the fierce competition for consumers.
VIPS- Description Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products. It also provides internet finance services, including consumer and supplier financing. In addition, the company engages in warehousing services, retail business, product procurement, and software development and information technology support activities. The company provides its branded products through its vip.com and vipshop.com online platforms, as well as through retail stores. Vipshop Holdings Limited was founded in 2008 and is headquartered in Guangzhou, the People's Republic of China.