Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyze the monthly Hong Kong Connect flows with our data engine for the month ended Apr 30th.</li>
<li>We estimate that the net southbound flows in April were $5.6bn Inflows.</li>
<li>We tabulate the top stocks by inflows, outflows, stake changes, and holdings, and highlight flows for China Mobile, CCB, Pop Mart Intl, ICBC, Yofc.</li>
</ul>


We analyze the monthly Hong Kong Connect flows with our data engine for the month ended Apr 30th.
We estimate that the net southbound flows in April were $5.6bn Inflows.
We tabulate the top stocks by inflows, outflows, stake changes, and holdings, and highlight flows for China Mobile, CCB, Pop Mart Intl, ICBC, Yofc.


Hong Kong Connect Flows (April): $5.6bn Inflows

<ul>
<li>We analysed the earning revision of component stocks of MS-China in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on KUNLUN TECH, ICBC, CCB, TENCENT, JD.COM, BOC, MEITUAN, CHONGQING ZHIFEI BIOLOGICAL PRODUCTS.</li>
</ul>


We analysed the earning revision of component stocks of MS-China in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on KUNLUN TECH, ICBC, CCB, TENCENT, JD.COM, BOC, MEITUAN, CHONGQING ZHIFEI BIOLOGICAL PRODUCTS.


MS-China Index Earning Revision (Apr): KUNLUN TECH, ICBC, CCB, TENCENT, JD.COM, BOC, MEITUAN

<ul>
<li>We analysed the earning revision of component stocks of CSI 300 in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on KUNLUN TECH, WENS FOODSTUFF, GIGADEVICE SEMICONDUCTOR, Moutai, CHONGQING ZHIFEI BIOLOGICAL PRODUCTS, GUANGZHOU AUTOMOBILE, MUYUAN FOODS, ZHONGJI INNOLIGHT.</li>
</ul>


We analysed the earning revision of component stocks of CSI 300 in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on KUNLUN TECH, WENS FOODSTUFF, GIGADEVICE SEMICONDUCTOR, Moutai, CHONGQING ZHIFEI BIOLOGICAL PRODUCTS, GUANGZHOU AUTOMOBILE, MUYUAN FOODS, ZHONGJI INNOLIGHT.


CSI 300 Index Earning Revision (Apr): KUNLUN TECH, WENS FOODSTUFF, GIGADEVICE SEMICONDUCTOR, Moutai

<ul>
<li>We analysed the earning revision of component stocks of CSI 100 in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on TONGWEI, GIGADEVICE SEMICONDUCTOR, Moutai, CHINA STATE CONSTRUCTION ENGINEERING, CHONGQING ZHIFEI BIOLOGICAL PRODUCTS, MUYUAN FOODS, ZHONGJI INNOLIGHT.</li>
</ul>


We analysed the earning revision of component stocks of CSI 100 in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on TONGWEI, GIGADEVICE SEMICONDUCTOR, Moutai, CHINA STATE CONSTRUCTION ENGINEERING, CHONGQING ZHIFEI BIOLOGICAL PRODUCTS, MUYUAN FOODS, ZHONGJI INNOLIGHT.


CSI 100 Index Earning Revision (Apr): TONGWEI, GIGADEVICE SEMICONDUCTOR, Moutai

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Apr 24th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period.</li>
<li>We highlight short changes in Hua Hong Semiconductor, Kuaishou, CCB, ICBC, Techtronic, Zijin Gold Intl, BYD.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Apr 24th.
Top short increases and decreases were tabulated for one week and four week period.
We highlight short changes in Hua Hong Semiconductor, Kuaishou, CCB, ICBC, Techtronic, Zijin Gold Intl, BYD.


HK Short Interest Weekly: Hua Hong Semiconductor, Kuaishou, CCB, ICBC, Techtronic, Zijin Gold Intl

China

Jiangxi Ganfeng Lithium Co., Ltd. researches and produces lithium products and operates import, export and manufacturing businesses for its own products.  The Company's products include lithium metal, lithium aluminum hydride, lithium fluoride, lithium chloride, and other chemical products of lithium.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Jiangxi Ganfeng Lithium (002460 CH)

Hong Kong Connect Flows (April): $5.6bn Inflows

We estimate inflows to be $5.6bn from mainland investors to HK stocks in April. We highlight flows for China Mobile, CCB, Pop Mart Intl, ICBC, Yofc.

Ke Yan, CFA, FRM

MS-China Index Earning Revision (Apr): KUNLUN TECH, ICBC, CCB, TENCENT, JD.COM, BOC, MEITUAN

We analyzed MS-China's consensus for Apr 2026 and highlighted changes of EPS in KUNLUN TECH, ICBC, CCB, TENCENT, JD.COM, BOC, MEITUAN, CHONGQING...

Ke Yan, CFA, FRM

CSI 300 Index Earning Revision (Apr): KUNLUN TECH, WENS FOODSTUFF, GIGADEVICE SEMICONDUCTOR, Moutai

We analyzed CSI 300's consensus for Apr 2026 and highlighted changes of EPS in KUNLUN TECH (300418 CH), WENS FOODSTUFF (300498 CH), GIGADEVICE...

Ke Yan, CFA, FRM

CSI 100 Index Earning Revision (Apr): TONGWEI, GIGADEVICE SEMICONDUCTOR, Moutai

We analyzed CSI 100's consensus for Apr 2026 and highlighted changes of EPS in TONGWEI (600438 CH), GIGADEVICE SEMICONDUCTOR (603986 CH), Moutai...

Ke Yan, CFA, FRM

HK Short Interest Weekly: Hua Hong Semiconductor, Kuaishou, CCB, ICBC, Techtronic, Zijin Gold Intl

We analyzed the latest HK SFC report for aggregate short position as of Apr 24th and highlight short interest changes in Hua Hong Semiconductor,...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)