Independent equity research
Primary-source work on companies that sit below the coverage line — supply chains, capital goods, and the manufacturers that sell to them.
Filings, exchange disclosure, customs and trade data, plant-level capacity, channel checks. Read before anyone else's summary of them.
A view that cannot be written as a forecast line is not a view. Every thesis carries the estimate it implies and the evidence that would break it.
The same companies followed across cycles, so a single quarter is read against a decade rather than against the last three months.
Aurea Gate is a research practice covering listed companies in Hong Kong, mainland China, Taiwan and the United States. The work is bottom-up: financial models maintained company by company, quarter by quarter, and read against the industry data that moves them.
Most of what is published concerns businesses that are followed by few analysts and reported on mainly in Chinese. Translating that primary material accurately — and separating what a company disclosed from what a commentator inferred — is a large part of the job.