KraneShares CSI China Internet ETF
Have Heavy Investments Led to High Debt for Qunar?
Qunar (QUNR) has been investing heavily in order to drive business growth. However, this has resulted in operating losses.
What Do Qunar’s Key Metrics Suggest about Future Growth Potential?
Unlike other online travel industry majors like Priceline (PCLN), Expedia (EXPE), and Ctrip (CTRP), Qunar Cayman Islands (QUNR) earns the highest revenue from flight reservations.
Analysts’ Mixed Recommendations for Qunar Cayman Islands
Qunar Cayman Islands (QUNR) is expected to report its fiscal 4Q15 earnings on March 21, 2016. Of the 12 analysts tracking Qunar, six analysts have a “buy” recommendation on the stock.
What Are Analysts’ Recommendations for Qunar Stock?
For 2016, analysts estimate Qunar’s sales will grow 9% to ~$6.9 billion compared to a 131% growth in 2015.
Will China’s Booming Travel Industry Help Qunar’s Revenues?
For 4Q15, Qunar’s (QUNR) revenues grew to $200 million, a 149% YoY growth compared to 4Q14 revenues of $174 million. Quarter-over-quarter, revenues were almost flat.
Huge Growth Marks Ctrip’s Transportation Ticketing Segment
Huge demand has led to a tremendous increase in air tickets for Ctrip (CTRP). Air tickets volume rose by an average of 25% from 2010 to 2013.
Chinese Indexes Surge as US Gets Back to Work after Long Weekend
The Chinese indexes closed on a high for the third consecutive day today.
Chinese Indexes Trade Sideways: Is It the Calm Before the Storm?
Although the S&P 500 and other American indexes fell sizably yesterday on Powell’s less-dovish tone, China’s key indexes remained sideways today after opening lower and gaining in early trade. The Shanghai Composite Index dropped 0.2%, while the Shenzhen Component ended flat. The CSI300 Index lost 0.18%.
Chinese Indexes Are Flat as Trade Worries Ease
Last weekend’s Trump-Xi meeting and the lifting of the ban on Huawei helped most Asian markets yesterday.
China’s Slowdown Gets Worse, Industrial Profits Fall
The US-China trade war has amplified China’s slowdown. Over the weekend, China released its September industrial profits data.
China Investments: A New US Target in the Trade War?
Bloomberg reported today that Trump administration officials were discussing putting controls on China investments by US companies and funds.
Chinese Indexes Fall before Trump-Xi Meeting
With the trade war raging, everyone will be watching the meeting between President Trump and President Jinping on June 29.
Chinese Indexes Jump as Hope of US-China Truce Rises
Today, the South China Morning Post reported that the US and China have agreed to a tentative truce to the trade war and are working on statements in this regard. The truce would delay tariffs on an additional $300 billion worth of Chinese goods entering the US.
Chinese Indexes Ended Six-Day Winning Streak Today
The six-day winning streak of the benchmark Shanghai Composite Index was broken today as the index fell 0.87% to close at 2,982.07. This was the longest winning streak in over a year for the index, which has gained 19.6% so far in 2019.
Shanghai Composite and Shenzhen Component Diverge
While Asian markets were mixed, China’s Shanghai Composite Index gained 0.21% to end on a positive note for five days in a row. However, the tech-heavy Shenzhen Component ended in the red today.
Chinese Indexes Gain, Fed Loses ‘Patience’
China’s benchmark Shanghai Composite Index is having a good week. The index rose 2.4% on June 20 to an eight-week high. The index rose in the first half of the day and reached the day’s high.
Will Xi Jinping Give a Meeting Invite to Trump as a Birthday Gift?
This week started with Trump threatening China with 25% tariffs on the remaining $300 billion in Chinese exports to the US. He said that the tariffs will come into effect if the deal is not reached by the G20 Summit in Japan at the end of this month.
Trade War Moves to Rare Earths, Chinese Indexes Gained
On May 29, China’s People’s Daily discussed the possibility that the US could lose access to rare earth materials due to the trade war.
Shanghai Composite Stays Steady, Shenzhen Component Drops
Despite the disappointing PMI data for May around the world, most Asian markets ended in the green on May 24.
Chinese Indexes Drop as Xi Jinping Invokes ‘Long March’
Xi Jinping has urged citizens to embrace “the new long march” amid rising trade tensions with the United States.
Chinese Indexes Advance on Easing Restrictions on Huawei
Huawei will now be authorized to purchase American equipment to maintain its existing network and provide software updates to users.
US-China Tariff War Escalates to a Ban War
The US-China trade war seems to be escalating by the day into a possible catalyst for the next global financial crisis.
Chinese Indexes Fall as Trade War Worsens
China’s benchmark Shanghai Composite Index reacted sharply to the escalating trade tensions.
Shanghai Composite Gains as Trade War Intensifies
The trade war between the US and China is getting nastier.
Shanghai Composite Rebounds Even as Economic Data Disappoint
Markets eased today as President Donald Trump called the US-China trade war “a little squabble.”
New China Is All about Technology
One of the biggest trends in the global economy over the past two years is the reduction in manufacturing capacity in China (FXI) (MCHI).
What’s Priced into Qunar’s Valuation?
Qunar (QUNR) is currently trading at a forward EV-to-sales multiple of 5.9x, which is lower than its average valuation of 8.5x since November 2013.
A Look at What’s Priced In to Ctrip.com’s Valuation
Ctrip.com is trading at a forward price-to-earnings multiple of 69x, higher than its average valuation of 37x since April 2004.
What Do Key Metrics of Qunar Suggest About Its Future Growth Potential?
Qunar Cayman Islands (QUNR) earns the highest revenue from flight reservations compared to other online travel industry majors such as Priceline (PCLN), Expedia (EXPE), and Ctrip.com (CTRP).
Gauging Chinese Tourism’s Important Role in Ctrip’s Growth
Despite a slowing economy, the Chinese tourism sector seems to be blooming, recording growth in both demand and supply.
What’s Driving Ctrip International’s Top and Bottom Lines?
Ctrip (CTRP) has seen significant growth in both its top line and bottom line over the past few years. This is due to various strategic management decisions to keep the company ahead of its competitors.
Why Ctrip’s Corporate Travel Segment Has Seen Strong Response
Ctrip International’s (CTRP) Corporate Travel segment provides transportation ticket booking, accommodation reservation, and packaged-tour services to corporate clients.
Ctrip.com’s Different Approach Sets It Apart
Ctrip.com International is a leading online travel service provider in the Chinese mainland. Since its inception in 1999, the company has grown to become one of the best-known travel brands.
How Does Ctrip’s Valuation Compare to Its Peers?
As of November 20, 2015, Ctrip’s (CTRP) forward PE ratio valuation stood at 87.53x. Rivals TripAdvisor (TRIP), Priceline (PCLN), and Expedia (EXPE) are valued at 38.64x, 19.49x, and 23.46x, respectively.
Major Online Players: Comparative Analysis and Market Highlights
Baidu is the most popular search engine in China, followed by Qihoo 360. Google holds around 60% of the market share in ad revenue.
JAT Capital Initiates a New Position in JD.com in 1Q15
JD.com has outperformed all of its benchmarks, including competitors Amazon (AMZN) and eBay. The company has returned 43.56% so far in 2015.
JAT Capital Management: Top 1Q15 Positions
JAT Capital Management invests primarily in technology, media and telecom, travel, leisure, and gaming companies. In this series, we’ll take a detailed look at the fund’s top holdings in 1Q15.