HONG KONG ALPHA PORTFOLIO (August 2025)
Hong Kong Alpha portfolio gained 11.34% in October outperforming its benchmark and HK indexes. The portfolio's Sharpe ratio increased to 2.91 and...
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Alibaba (BABA, 9988HK): June Quarter, Actually 2-Digit Growth, To Win Price War
The de facto total revenue increased by 10% YoY excluding two disposed shopping malls. We believe Alibaba will win the price war for food...
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SHEIN IPO Update: HQ Shifted (Back) To China | End of US De Minimis Exemption, Everywhere
Two pieces of news that could affect SHEIN: 1) the company reportedly will shift its HQ back to China soon to pave the way for a HK IPO; 2) the US...
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HK Short Interest Weekly: Xiaomi, ZTE, Anta, Cathay Pacific Airways
We analyzed the latest HK SFC report for aggregate short position as of Aug 22nd and highlight short interest changes in Xiaomi, TraHK HSI ETF,...
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HK Connect Flows Weekly (Aug 29th): Meituan, Alibaba, Tencent, AIA, Pop Mart Intl, Kuaishou, SMIC
We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Meituan, Alibaba, Tencent, AIA, Pop Mart Intl, Kuaishou,...
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