Tesla (TSLA) +2% Tesla shares bounced after a rough Monday, despite being down 36% in Q1 — the worst Q1 in company history. Investors are now eyeing its Q1 delivery report due Wednesday, with Street estimates hovering around 380,000 units . Analysts have been revising expectations lower amid backlash over Elon Musk’s role in Trump’s administration. Chinese EV Makers Up XPeng (XPEV) +1.6% : Delivered 33,205 vehicles in March — its fifth straight 30k+ month. NIO (NIO) +1.6% and Li Auto (LI) +1.4% also gained on strong March deliveries. Nvidia (NVDA) -0.6% Still under pressure after a 19.3% Q1 drop , its worst since 2022. Investor worries over AI spending, tech valuation, and trade tensions are weighing heavily. Johnson & Johnson (JNJ) -5% Fell after a Texas judge dismissed J&J’s third bankruptcy attempt to settle talc-related lawsuits via Chapter 11. PVH Corp (PVH) +18.9% Shares surged after Q4 earnings beat expectations ...
Key Takeaways for Investors:
Vanke and COLI in the Spotlight: China Vanke and China Overseas Land & Investment (COLI) are set to report earnings next week amid fragile signs of recovery in the property sector. While both face steep profit declines, analysts believe large write-offs in 2024 may pave the way for a rebound in 2025.
2024 Was Brutal: Core earnings for China’s top 5 developers — including Vanke, COLI, China Resources Land, Longfor, and Greentown — are estimated to have plunged 93% YoY, according to CGS International. Vanke is bracing for a record RMB45 billion loss, its first annual net loss since listing in 1991.
Why There’s Still Optimism: Bloomberg Intelligence suggests that these deep losses could help clean up balance sheets, improve 2025 earnings, and open doors to future equity financing, which is vital for liquidity. Government policy support remains a key factor, with more cities easing housing restrictions.
State-Owned Resilience: COLI’s 2024 net income may drop 23%, but as a state-owned enterprise, it is expected to outperform private peers, buoyed by moderating sales declines, rising land premiums, and improving inventory dynamics.
PetroChina Powers Up: Reporting Sunday, PetroChina is expected to deliver its best annual net income in two decades, supported by strong gas prices and cheap Russian imports. Analysts say it’s well-positioned amid US-China energy trade tensions.
Kweichow Moutai & Foshan Haitian Results: On Wednesday, the baijiu giant is expected to post a 15% jump in full-year net profit, though consumer sentiment remains weak. Foshan Haitian is also on watch with a projected 12% profit rise, signaling recovery in China’s F&B segment.
Investor Insight:
Despite an ugly 2024 for China’s property giants, the worst may be behind them. Strategic policy easing, heavy write-downs, and state support suggest a potential inflection point. Watch earnings updates from Vanke and COLI closely — sentiment around 2025’s outlook could shift fast if green shoots turn into solid ground.
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