JLR: not out of the woods yet demand & margins will take time to recover: While JLR's near-term performance has been impacted by the cyber incident, global macro pressures, and weakness in China's luxury auto market, the underlying brand strength and product strategy remain intact. The production disruption in Q3 resulted in temporary volume and profitability pressure; however, management indicated that production across key plants has already normalized and as a result Q4 volumes rose significantly with a 61% QoQ growth. Importantly, JLR is entering a...