Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Derivatives

<ul>
<li>Alibaba ( <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd-d7b798e2-202d-4e01-9a1e-799e2ae8f0c7" target="_blank" data-smartkarma-citation="entities:28434:1" rel="noopener">9988 HK</a> / <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:787:1" rel="noopener">BABA US</a> ) will announce <strong>FY2026 results on 13 May</strong>, with 15 May HK- and US-listed options providing direct exposure to the earnings event.</li>
<li>HK options price an earnings move above the historical range, while straddle break-evens set a high bar for long-volatility strategies.</li>
<li>Gain insight into Alibaba’s HK-listed earnings-day price history, US/HK pricing consistency, volatility term structure, and index implications ahead of the upcoming results announcement.</li>
</ul>


Alibaba ( 9988 HK / BABA US ) will announce FY2026 results on 13 May, with 15 May HK- and US-listed options providing direct exposure to the earnings event.
HK options price an earnings move above the historical range, while straddle break-evens set a high bar for long-volatility strategies.
Gain insight into Alibaba’s HK-listed earnings-day price history, US/HK pricing consistency, volatility term structure, and index implications ahead of the upcoming results announcement.


Alibaba (9988 HK / BABA US): HK Options Price a Larger-Than-Usual Earnings Move

<ul>
<li>
<a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd-d7b798e2-202d-4e01-9a1e-799e2ae8f0c7" target="_blank" data-smartkarma-citation="entities:28434:1" rel="noopener">Alibaba (9988 HK</a> / <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:787:1" rel="noopener">BABA US)</a> will announce FY2026 results on 13 May, three trading days before the 15 May US-listed options expiry.</li>
<li>Options markets price an earnings move above the historical range, while elevated straddle break-evens set a high bar for long-volatility strategies.</li>
<li>Gain insight into Alibaba’s earnings-day price history, upside/downside reaction pattern, and volatility term structure ahead of the upcoming results announcement.</li>
</ul>



Alibaba (9988 HK / BABA US) will announce FY2026 results on 13 May, three trading days before the 15 May US-listed options expiry.
Options markets price an earnings move above the historical range, while elevated straddle break-evens set a high bar for long-volatility strategies.
Gain insight into Alibaba’s earnings-day price history, upside/downside reaction pattern, and volatility term structure ahead of the upcoming results announcement.


Alibaba (BABA US): Options Price a Big Earnings Move on 13 May

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Equity Bottom-Up

<ul><li>Alibaba Group Holding Ltd. on Thursday released Qwen 3.6-Plus, a new large language model it says markedly improves automated coding and AI-agent capabilities, as the company tries to regain momentum in the fast-moving artificial-intelligence race.</li><li>Alibaba is pitching the update around “agentic coding,” saying the model can break down complex programming tasks, write and test code, and troubleshoot iteratively until completion. As a native multimodal model, Qwen 3.6-Plus can also generate front-end web pages and produce code from screenshots, design drafts and text prompts.</li><li>The launch comes as Alibaba reshapes its AI organization to better connect foundational model research with real-world product needs, amid intensifying competition from domestic rivals including ByteDance Ltd. and DeepSeek.</li></ul>

Alibaba Group Holding Ltd. on Thursday released Qwen 3.6-Plus, a new large language model it says markedly improves automated coding and AI-agent capabilities, as the company tries to regain momentum in the fast-moving artificial-intelligence race.Alibaba is pitching the update around “agentic coding,” saying the model can break down complex programming tasks, write and test code, and troubleshoot iteratively until completion. As a native multimodal model, Qwen 3.6-Plus can also generate front-end web pages and produce code from screenshots, design drafts and text prompts.The launch comes as Alibaba reshapes its AI organization to better connect foundational model research with real-world product needs, amid intensifying competition from domestic rivals including ByteDance Ltd. and DeepSeek.

Alibaba Releases Qwen 3.6-Plus AI Model With Enhanced Coding Capabilities 

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

Shenton Research

Shenton 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.

Thematic (Sector/Industry)

<ul>
<li>We tracked AI models, infrastructure, and M&amp;A this week: OpenAI and Anthropic refreshed frontier models while Moonshot started its Hong Kong IPO process.</li>
<li>MiniMax powered HUMAIN's Arabic sovereign model, Alibaba refreshed Qwen, and Artificial Analysis kept new US frontier releases at the top of the ranking.</li>
<li>Nvidia agreed to buy Hugging Face, Anthropic expanded compute financing, and AI infrastructure demand flowed through hyperscalers, hardware vendors, chips and memory.</li>
</ul>


We tracked AI models, infrastructure, and M&amp;A this week: OpenAI and Anthropic refreshed frontier models while Moonshot started its Hong Kong IPO process.
MiniMax powered HUMAIN's Arabic sovereign model, Alibaba refreshed Qwen, and Artificial Analysis kept new US frontier releases at the top of the ranking.
Nvidia agreed to buy Hugging Face, Anthropic expanded compute financing, and AI infrastructure demand flowed through hyperscalers, hardware vendors, chips and memory.


This Week in AI (Aug 30-Sep 5): GPT-6 Astra and Fable 5.1 in Same Week; Moonshot Files IPO

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Suzhou Dongshan Precision A / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/suzhou-dongshan-precision-a" target="_blank" data-smartkarma-citation="entities:8796:1" rel="noopener">Suzhou Dongshan Precision A (002384 CH)</a> (SDPM), a global PCB and other component provider, aims to raise up to US$3bn in its H-share listing.</li>
<li>SDPM was the third largest PCB supplier and seventh largest global transceiver supplier by revenue in 2025, according to CIC.</li>
<li>We have looked at the company’s past performance in our previous note. In this note, we talk about the recent updates and likely A/H premium.</li>
</ul>



Suzhou Dongshan Precision A (002384 CH) (SDPM), a global PCB and other component provider, aims to raise up to US$3bn in its H-share listing.
SDPM was the third largest PCB supplier and seventh largest global transceiver supplier by revenue in 2025, according to CIC.
We have looked at the company’s past performance in our previous note. In this note, we talk about the recent updates and likely A/H premium.


Aequitas: Suzhou Dongshan Precision A/H Listing - PHIP Updates and Thoughts on A/H Premium

China

Alibaba Group Holding Limited provides online sales services. The Company provides internet infrastructure, electronic commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding offers its products and services worldwide.

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Alibaba (BABA US)

Alibaba (9988 HK / BABA US): HK Options Price a Larger-Than-Usual Earnings Move

Alibaba reports FY2026 results on 13 May, with HK and US options pricing an above-historical earnings move as IV term structures align ahead of...

Gaudenz Schneider

Alibaba (BABA US): Options Price a Big Earnings Move on 13 May

Alibaba reports FY2026 results on 13 May, with options pricing a larger-than-usual move and volatility strategies facing a high break-even hurdle.

Gaudenz Schneider

Alibaba Releases Qwen 3.6-Plus AI Model With Enhanced Coding Capabilities

Alibaba Group Holding Ltd. on Thursday released Qwen 3.6-Plus, a new large language model it says markedly improves automated coding and AI-agent...

Caixin Global

This Week in AI (Aug 30-Sep 5): GPT-6 Astra and Fable 5.1 in Same Week; Moonshot Files IPO

This week in AI: GPT-6 Astra and Claude Fable 5.1 arrive together; Nvidia buys Hugging Face for USD 12.93bn; Moonshot files for a Hong Kong IPO.

Ke Yan, CFA, FRM

Aequitas: Suzhou Dongshan Precision A/H Listing - PHIP Updates and Thoughts on A/H Premium

Suzhou Dongshan Precision (002384 CH), a global PCB and other component provider, aims to raise up to US$3bn in its H-share listing. In this note,...

Sumeet Singh

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