1 April, 2014
Bespoke Research
Please contact us for further details

Gillem Tulloch
cimic-group
china-gas
celltrion-inc
wilmar
toshiba
china-evergrande-group
oriental-energy
byd-company-limited
reliance-industries
vipshop-holdings-ltd
trip-dot-com
baidu
51job
fosun
sunac-china-holdings-limited
haier-electronics
global-brands
bangkok-express
sm-prime
china-hongqiao-group-ltd
lenovo-group
jd-com
zhengzhou-yutong-bus
luye-pharma
dr-lal-pathlabs
tunghsu-optoelectronic-technology-co-ltd
xinyi-glass
kangde-xin-composite-material-group-co-ltd
hengan
catcher-tech
kobe-busan
sinopharm-group
minth-group
china-biologic-products-holdings
xtep
kingsoft
yonyou-network-tech
hollysys-auto
361-degrees
li-ning
china-dongxiang
china-molybdenum
traditional-chinese-medicine
ausnutria-dairy
car-inc
dongfang-elect
travelsky-tech
country-garden-hold
guangzhou-r-f-properties
alibaba-group-holding
tencent
health-and-happiness
ck-hutchison-holding
vitasoy-international-holdings-ltd
sinopec-engineering
china-resources-pharma
samsung-biologics-co-ltd
iqiyi-inc
3sbio
china-medical-systems-holdings-ltd
58com
tal-education
amorepacific
atlassian
china-mengniu-dairy
china-mobile
cspc-pharma
kweichow-moutai
midea-group
naver-corp
new-oriental-education
techtronic-industries-co-ltd
best-inc
pinduoduo-inc
haidilao-int
jr-kyushu
wuxi-biologics
kingdee
tongcheng-travel
huazhu-group-ltd
baozun
autohome
ramsay-health-care
indorama-ventures
minor-int
treasury-wine
focus-media-information-technology-co-ltd
enn-energy
zhongyu-gas
meituan-dianping
united-energy-group
bespoke-research
shanghai-mg-stationary
cartrack-holding
mobile-world-inv
topsports-int
ak-medical-hold
hla-corp
domino-pizza
grifols
china-com-serv
harvey-normal
visa-int
lyondellbasell
greentown-service-group
esr-cayman
ping-an-healthcare
softbank-group-corp
globant
motorola-solutions
shenzhen-inovance-technology
luckin-coffee
israel-chemicals
fanhua-inc
nmc-health
hoshizaki-corp
berry-genomics
adt-inc
zillow-group
union-medical-health
chinasoft-int
solasia-pharma
qudian-inc
bosideng-international
divi-labs
dmg-mori
embassy-office
a-living-services
unibail-rodamco
conagra-brands
china-sce-group
far-east-consortium-int
kandenko
capitaland
new-world-development
shenzhou-int
yangzijiang-shipbuilding
huya-inc
ronshine
huifu-payment
china-maple-leaf-education
mtu-aero-engines
changshouhua-food
redsun-properties
guoco-group
china-petroleum-engineering
china-education-group
babytree-group
zozo-inc
jollibee-foods
technology-one
yanzhou-coal-mining
quimica-y-minera-chil
marcus-corp
guangdong-provincial-expr
zhenro-properties
precision-tsugami-china
zhejiang-weixing-new-build
mills-estruturas-e-servicos
hangzhou-robam-appliances
zhongsheng-group
vakrangee
hangzhou-hikvision-digital
china-water-affairs
nomad-foods
energy-absolute
quotient-tech
joy-city-property
atlantica-yield
jiangsu-yanghe-brewery
stars-group
nu-skin-enterprises
herbalife-nutrition
jnby-design
autobio-diagnostics
dali-foods-group-co-ltd
o-film-tech
kangwon-land
china-resources-medical
global-cord-blood
jiayuan-int
industria-de-diseno-textile
ain-holdings
serba-dinamik-holdings
china-harmony-auto-holding-ltd
hongfa-tech
elbit-systems
ssy-group
sosei-group
sichuan-kelun-pharma
peptidream-inc
mitsubishi-tanabe-pharma
m3-inc
china-resources-double-cra
hans-laser
glodon
wuxi-lead-intelligent
rainbow-department-store
bestway-global
fu-shou-yuan-int
haitian-int
traditional-therapy-clinics
sunny-optical-tech
beauty-community
tongda-group
aspen-pharmacare-hold
tongwei
tbea
longi-green-energy-tech
jointown-pharma
ja-solar-hold
canadian-solar
beijing-jingyuntong-tech
jinkosolar-holding
aroundtown-sa
kwg-group
kaisa-group-holdings-ltd
centre-testing-int
boer-power-holdings-ltd
xiabuxiabu-catering
trigiant-group
nortonlifelock
zhuhai-hokai-medical-instr
shenzhen-mtc
shenzhen-megmeet-electric
shenzhen-jinxinnong-tech
shenzhen-ht-intel
shenzhen-fenda-tech
guangzhou-jiacheng-int
guangdong-transtek-medical
guangdong-adway-const
changyuan-group
luxshare-precision-ind
zhuzhou-kibing-group
shenzhen-yuto-packaging
mls
keda-clean-energy
by-health
shenzhen-fastprint-circuit
shenzhen-grandland-group
shenzhen-center-power-tech
shenzhen-hepalink-pharma
shenzhen-salubris-pharm
chengtun-mining-group
shenzhen-glory-medical
shenzhen-sunnypol-optoelect
shenzhen-absen-optoelect
hoa-phat-group
china-lilang
tonly-electronics
shenzhen-huaqiang-indus
shenzhen-yitoa-intel
wingtech-tech
eternal-asia-supply-chain
huapoint-life-sciences
sinomax-group
keshun-waterproof-tech
tianyu-eco-environment
hilong-hold
kingold-jewelry-inc
tansh-global-food-group
digital-china-group
automated-systems-hold
goodbaby-int
daiki-axis
secoo-holding
weimob
hollysys-automation-technologies
gsx-techedu
jinxin-fertility
ca-immobilien
lvgem-china-real
cimc-enric-hldg
netdragon-websoft
angel-yeast-co
daimler-ag
perfect-world
qube-holdings
country-garden-services
china-meidong-auto-hldg
sea-limited
opera-limited
crown-resorts-ltd
gruma-sab
upl-ltd
chalieco
gem-co-ltd
nippon-paint
china-tianrui-cement
west-china-cement-ltd
youdao-inc
fineos-corp
tencent-music
nutanix-inc
dd-holdings
china-literature
lets-holdings
sobute
hikma-parmaceutical
converge-ict-solutions
thai-beverage
media-nusantara
mr-diy-group
ascential-plc
royalty-pharmaceutical
appen-ltd
ming-yuan-cloud
arco-platform
microport-scient
netjoy
jd-health
sf-holding
altice-usa-inc
inpost-sa
nexi-spa
china-youzan
worley-ltd
kingsoft-cloud
sirius-xm-holding
sanken-electric
hangzhou-tigermed-consulting
zhongli-innolight
austar-lifesciences
glenmark-pharma
pioneer-natural-resources
diamondback-energy
wuxi-lead-intelligent-equipment
zhejiang-sanhua-intelligent-controls
twitter
yunnan-energy-new-mat
charter-communication
ii-vi-incorp
q-technology
energy-transfer
enterprise-products-partners
mplx-lp
ca-immobilien-an
bumble-inc
interpublic-group
sats-ltd
oue-ltd
city-developments-limited
wing-tai-holdings
sunac-services-holdings
siltronic-ag
te-commectivity
alstria-office
china-yongda-aut
Insights
1 December, 2023
NEWSLETTER: EVERGRANDE (3333 HK)
Never profitable

Fredrik Oeqvist
Evergrande’s much delayed and recently published 2021 annual report makes clear that it significantly overstated revenue and earnings – most likely for many years. Contrary to what some people think, Evergrande was not so much a victim of tightened liquidity or a COVID-induced property market downturn; its problems were far more fundamental – there were never any profits....
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18 August, 2020
NEWSLETTER: COMING HOME?
Watch out for the privatisation “squeeze out”

Gillem Tulloch
The proposed Holding Foreign Companies Accountable Act could force hundreds of Chinese companies listed on US exchanges to delist over the next few years. For many large companies, seeking a secondary listing in Hong Kong or the mainland is a sensible insurance policy. However, investors should be wary of companies which decide to privatise and then relist. Our analysis of...
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