Market Intelligence, ORTEX

ORTEX Market Intel

Market Intelligence

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Equity Bottom-Up

Banco Bradesco S.A. is a prominent Brazilian financial services company offering a wide array of services including retail and corporate banking, loans, insurance, pensions, investments, and payment solutions. It is one of the largest private banks in Brazil and a major player in Latin America. The company was founded on March 10, 1943, and is headquartered in Osasco, Brazil.

<ul><li>Short interest shifted sharply this week across Brazilian financials, energy ETFs, and a clutch of mid-cap US names.</li><li>The biggest stories were a 56% surge in Bradesco shorts despite a JP Morgan upgrade, a 52% collapse in Nomura short interest, and a 41% single-day spike in a space ETF.</li><li>Borrow markets tightened across several names, signalling active repositioning on both sides.</li></ul>

Short interest shifted sharply this week across Brazilian financials, energy ETFs, and a clutch of mid-cap US names.The biggest stories were a 56% surge in Bradesco shorts despite a JP Morgan upgrade, a 52% collapse in Nomura short interest, and a 41% single-day spike in a space ETF.Borrow markets tightened across several names, signalling active repositioning on both sides.

Bears Scramble: Brazil Names and ETFs Dominate This Week's Short Moves

Research from Quam Securities, Quam Securities

Quam Securities Research

Research from Quam Securities

Quam Securities

Since its inception in 1986, Quam Securities Limited (Quam Securities) has grown to become one of the few mid-tier securities brokerages in Hong Kong with global execution capabilities for both private and institutional clients. It boasts a well-established network in Greater China including Taiwan and in major world markets through the Global Alliance Partners (GAP). Quam Securities is well-positioned not only to harness and drive business within the China Tonghai International Financial Limited but also between China and the world markets.

Cross Asset Strategy

<ul><li>The HSI opened 155 pts higher.</li><li>Sentiment improved as US futures advanced and Asian shares recovered from earlier losses, while oil prices retreated after US President Trump said he would not attack Iran before the midterm elections.</li><li>China’s 10-year government bond yield fell to 1.70% on Friday, retreating from a near one-month high in the previous session, as yuan-denominated debt attracts global borrowers seeking cheaper financing.</li></ul>

The HSI opened 155 pts higher.Sentiment improved as US futures advanced and Asian shares recovered from earlier losses, while oil prices retreated after US President Trump said he would not attack Iran before the midterm elections.China’s 10-year government bond yield fell to 1.70% on Friday, retreating from a near one-month high in the previous session, as yuan-denominated debt attracts global borrowers seeking cheaper financing.

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Tokio Marine Holdings, Inc., through subsidiaries, offers property, casualty and life insurance, and asset management services.

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<a href="https://smartkarma.com/entities/tokio-marine-holdings-inc">Tokio Marine Holdings</a> (8766 JP) is Japan's premier insurance group, distinguished by a globally diversified specialty underwriting footprint that effectively insulates earnings from domestic demographic contraction and natural catastrophe concentrations.</li>
 <li>The group is executing an aggressive balance sheet restructuring by accelerating the complete divestment of strategic cross-shareholdings toward zero by FY2029, unlocking substantial capital to drive progressive dividend hikes, share repurchases, and accretive international bolt-on acquisitions.</li>
 <li>While trading at a premium valuation relative to domestic peers MS&amp;AD and Sompo, Tokio Marine's sector-leading return profile, superior combined ratio discipline across North American and European specialty lines, and robust free cash flow conversion justify its market leadership.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Tokio Marine Holdings (8766 JP) is Japan's premier insurance group, distinguished by a globally diversified specialty underwriting footprint that effectively insulates earnings from domestic demographic contraction and natural catastrophe concentrations.
  The group is executing an aggressive balance sheet restructuring by accelerating the complete divestment of strategic cross-shareholdings toward zero by FY2029, unlocking substantial capital to drive progressive dividend hikes, share repurchases, and accretive international bolt-on acquisitions.
  While trading at a premium valuation relative to domestic peers MS&amp;AD and Sompo, Tokio Marine's sector-leading return profile, superior combined ratio discipline across North American and European specialty lines, and robust free cash flow conversion justify its market leadership.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Tokio Marine Holdings (8766 JP) - Oct 2026

SBI Holdings, Inc. manages venture capital fund which mainly invest in Internet related venture companies.  The Company also provides brokerage, investment banking, and financial services.

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Dominant Digital Financial Conglomerate: <a href="https://smartkarma.com/entities/sbi-holdings-inc">SBI Holdings</a> (8473 JP) operates Japan's preeminent internet-based financial ecosystem, anchoring market-leading franchises across online brokerage (SBI SECURITIES), banking (SBI Shinsei Bank and SBI Sumishin Net Bank), venture capital, and digital assets. Its landmark 'Zero Revolution' zero-commission initiative has widened customer acquisition moats and expanded client assets under management.</li>
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Exceptional Growth &amp; Operational Leverage: Annual financial results illustrate outstanding momentum, with FY2026 revenue reaching JPY 1,777,944 million (3-year CAGR of 23.08%) and net income compounding at a 3-year CAGR of 130.31% to JPY 427,577 million. Net margin surged from 7.33% in FY2024 to 24.05% in FY2026, accompanied by robust operating cash flow generation exceeding JPY 1.86 trillion.</li>
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Compelling Valuation &amp; Strategic Catalysts: Trading at JPY 3,042 with an attractive 3.2% dividend yield (JPY 105 per share in FY2026), <a href="https://smartkarma.com/entities/sbi-holdings-inc">SBI Holdings</a> presents strong risk-adjusted upside. Fundamental catalysts include the ongoing capital optimization and relisting roadmap of SBI Shinsei Bank, expanding regional bank technology integration, and continuous monetization across its premier venture capital portfolio.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Dominant Digital Financial Conglomerate: SBI Holdings (8473 JP) operates Japan's preeminent internet-based financial ecosystem, anchoring market-leading franchises across online brokerage (SBI SECURITIES), banking (SBI Shinsei Bank and SBI Sumishin Net Bank), venture capital, and digital assets. Its landmark 'Zero Revolution' zero-commission initiative has widened customer acquisition moats and expanded client assets under management.
  
Exceptional Growth &amp; Operational Leverage: Annual financial results illustrate outstanding momentum, with FY2026 revenue reaching JPY 1,777,944 million (3-year CAGR of 23.08%) and net income compounding at a 3-year CAGR of 130.31% to JPY 427,577 million. Net margin surged from 7.33% in FY2024 to 24.05% in FY2026, accompanied by robust operating cash flow generation exceeding JPY 1.86 trillion.
  
Compelling Valuation &amp; Strategic Catalysts: Trading at JPY 3,042 with an attractive 3.2% dividend yield (JPY 105 per share in FY2026), SBI Holdings presents strong risk-adjusted upside. Fundamental catalysts include the ongoing capital optimization and relisting roadmap of SBI Shinsei Bank, expanding regional bank technology integration, and continuous monetization across its premier venture capital portfolio.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: SBI Holdings (8473 JP) - Oct 2026

<ul><li>The HSI resumed trading after the National Day holiday with a gap-down opening of 513 pts, at one point falling as much as 747 pts to a nearly three-month trough of 23,865.</li><li>The index ended at 23,972, down 640 pts or 2.6%, as a renewed selloff in global risk assets weighed on Hong Kong shares following the National Day holiday.</li><li>Technology stocks remained under pressure amid higher yields and US restrictions on advanced AI hardware, while geopolitical tensions further dampened sentiment.</li></ul>

The HSI resumed trading after the National Day holiday with a gap-down opening of 513 pts, at one point falling as much as 747 pts to a nearly three-month trough of 23,865.The index ended at 23,972, down 640 pts or 2.6%, as a renewed selloff in global risk assets weighed on Hong Kong shares following the National Day holiday.Technology stocks remained under pressure amid higher yields and US restrictions on advanced AI hardware, while geopolitical tensions further dampened sentiment.