GS 高盛：每日中国报告 11.14 

China-Daily-Insights 11.14     13页

 

Today’s focus
Asia Economics Data Flash: China data: CPI inflation rebounded to decade high level in October
Bosideng International Holdings (3998.HK) Buy: "Perfect storm" for strong earnings growth; initiate on Conv. Buy
China: Technology: Internet: Valuations off 2009 EPS prompt us to revisit 2009 revenue growth
51job, Inc. (JOBS): 3Q results: better print revenue; lower margins trim forecast EPS
Focus Media (FMCN): Stock weakness appears mostly market-driven; 3Q07 preview
BYD Company (1211.HK) Sell: Lawsuit overhang to hurt investors' confidence; reiterate Sell
Hopewell Holdings (0054.HK): New commercial property project in Guangzhou; completion 2014
Headline news
Financial futures exchange welcomes 12 more members (China Daily)
Chinese economy to grow 11.2% in 4th quarter (China Daily)
Foreign funds get higher yield (Shanghai Daily)
China creates jobs for 10 mln urbanites in ten months (Xinhua)
China to develop "green" mining for energy saving (Xinhua)
Asia Economics Data Flash: China data: CPI inflation rebounded to decade high level in October, Yu Song
• October year-on-year (yoy) CPI inflation rebounded to 6.5% after a brief stabilization in September. Sequential growth remained largely flat at 9.8% quarter on quarter (qoq). Vegetable prices, which started to rebound since the second half of October, were the main drivers of higher CPI. We believe these price rises are more a reflection of stronger demand instead of temporary supply issues and therefore