Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Equity Bottom-Up

<ul>
<li>China's National Team was steadily buying ETF's during and after the Third Plenum.  Southbound Connect Flows continue to be positive during July.</li>
<li>
<a href="https://www.smartkarma.com/entities/smoore-international-holdings" target="_blank" data-smartkarma-citation="entities:28241:1" rel="noopener">Smoore International Holdings (6969 HK)</a> , <a href="https://www.smartkarma.com/entities/xinjiang-goldwind-science-technology-h" target="_blank" data-smartkarma-citation="entities:10112:1" rel="noopener">Xinjiang Goldwind Science &amp; Technology (2208 HK)</a> and <a href="https://www.smartkarma.com/entities/hisense-home-appliances-group-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20107:1" rel="noopener">Hisense Home Appliances Group Co., Ltd. H (921 HK)</a>  benefited from positive news sentiment this week.</li>
<li>
<a href="https://www.smartkarma.com/entities/chow-tai-fook-jewellery-group" target="_blank" data-smartkarma-citation="entities:549:1" rel="noopener">Chow Tai Fook Jewellery (1929 HK)</a> and <a href="https://www.smartkarma.com/entities/asm-pacific-technology-ltd" target="_blank" data-smartkarma-citation="entities:15061:1" rel="noopener">ASM Pacific Technology (522 HK)</a> suffered on negative news, while <a href="https://www.smartkarma.com/entities/meituan" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> continued its pullback in concert with the retail food sector.</li>
</ul>


China's National Team was steadily buying ETF's during and after the Third Plenum.  Southbound Connect Flows continue to be positive during July.

Smoore International Holdings (6969 HK) , Xinjiang Goldwind Science &amp; Technology (2208 HK) and Hisense Home Appliances Group Co., Ltd. H (921 HK)  benefited from positive news sentiment this week.

Chow Tai Fook Jewellery (1929 HK) and ASM Pacific Technology (522 HK) suffered on negative news, while Meituan (3690 HK) continued its pullback in concert with the retail food sector.


The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (July 26)

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Altria Group recent 2024 first quarter earnings highlighted numerous key insights into the company's performance and future prospects.</li><li>Altria's CEO, Billy Gifford, highlighted that the company made significant progress despite the challenging business environment.</li><li>The company is also committed to investment returns, as demonstrated by its sale of a portion of its investment in ABI and the subsequent expansion of its share repurchase program.</li></ul>

Altria Group recent 2024 first quarter earnings highlighted numerous key insights into the company's performance and future prospects.Altria's CEO, Billy Gifford, highlighted that the company made significant progress despite the challenging business environment.The company is also committed to investment returns, as demonstrated by its sale of a portion of its investment in ABI and the subsequent expansion of its share repurchase program.

Altria Group: Can Its Oral Tobacco Category and Smoke-Free Products Reshape The Future? - Major Drivers

<ul><li>Altria Group's recent earnings call has raised important topics worth considering for investors.</li><li>The company, known for its strong position in the tobacco industry, showed a clear intent to diversify into smoke-free product categories, such as heated tobacco, oral tobacco, and e-vapor.</li><li>These steps are seen as a strategic move to cushion the company from declining cigarette volumes and broaden its consumer base, thereby improving its long-term growth prospects.</li></ul>

Altria Group's recent earnings call has raised important topics worth considering for investors.The company, known for its strong position in the tobacco industry, showed a clear intent to diversify into smoke-free product categories, such as heated tobacco, oral tobacco, and e-vapor.These steps are seen as a strategic move to cushion the company from declining cigarette volumes and broaden its consumer base, thereby improving its long-term growth prospects.

Altria Group: Promotion Of Smoke-Free Products & 5 Other Factors Driving Growth! - Financial Forecasts

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

AdvisorShares Pure US Cannabis ETF / Equity Bottom-Up

AdvisorShares Pure US Cannabis ETF (MSOS US)

<ul>
<li>A bombed-out sector down 80% from the peak is worth another look</li>
<li>Weaker companies have exited the industry or have already gone under </li>
<li>The sector ETF has a good risk reward  with catalysts ahead</li>
</ul>


A bombed-out sector down 80% from the peak is worth another look
Weaker companies have exited the industry or have already gone under 
The sector ETF has a good risk reward  with catalysts ahead


<ul><li>Altria Group delivered a decent result managed to exceed analyst expectations in terms of earnings.</li><li>In the last quarter, the company demonstrated resilience and adaptability by navigating challenges in the tobacco industry while expanding its product portfolio.</li><li>The acquisition of NJOY marked a transformative step in Altria's journey toward Moving Beyond Smoking, reinforcing the company's commitment to alternative products.</li></ul>

Altria Group delivered a decent result managed to exceed analyst expectations in terms of earnings.In the last quarter, the company demonstrated resilience and adaptability by navigating challenges in the tobacco industry while expanding its product portfolio.The acquisition of NJOY marked a transformative step in Altria's journey toward Moving Beyond Smoking, reinforcing the company's commitment to alternative products.

Altria Group Inc.: From Traditional Tobacco to Modern Marvels – What Is Their Growth Strategy? - Key Drivers

United States

Altria Group, Inc. is a holding company.  The Company, through subsidiaries, manufactures and sells cigarettes and other tobacco products, including cigars and pipe tobacco.  Altria holds an interest in a brewery company.

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

Altria Group (MO US)

The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (July 26)

China's National Team continued buying in the ETF market. Smoore International, Xinjiang Goldwind and Hisense had positive news sentiment, while...

David Mudd

Altria Group: Can Its Oral Tobacco Category and Smoke-Free Products Reshape The Future? - Major Drivers

Altria Group recent 2024 first quarter earnings highlighted numerous key insights into the company's performance and future prospects. Altria's...

Baptista Research

Altria Group: Promotion Of Smoke-Free Products & 5 Other Factors Driving Growth! - Financial Forecasts

Altria Group's recent earnings call has raised important topics worth considering for investors. The company, known for its strong position in the...

Baptista Research

MSOS – Going Higher!

A bombed-out sector showing good potential upside. The sector ETF offers good risk reward with catalysts on the horizon.

Rikki Malik

Altria Group Inc.: From Traditional Tobacco to Modern Marvels – What Is Their Growth Strategy? - Key Drivers

Altria Group delivered a decent result managed to exceed analyst expectations in terms of earnings. In the last quarter, the company demonstrated...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (July 26)

China's National Team continued buying in the ETF market. Smoore International, Xinjiang Goldwind and Hisense had positive news sentiment, while...

David Mudd

Altria Group: Can Its Oral Tobacco Category and Smoke-Free Products Reshape The Future? - Major Drivers

Altria Group recent 2024 first quarter earnings highlighted numerous key insights into the company's performance and future prospects. Altria's...

Baptista Research

Altria Group: Promotion Of Smoke-Free Products & 5 Other Factors Driving Growth! - Financial Forecasts

Altria Group's recent earnings call has raised important topics worth considering for investors. The company, known for its strong position in the...

Baptista Research

MSOS – Going Higher!

​A bombed-out sector showing good potential upside. The sector ETF offers good risk reward with catalysts on the horizon.

Rikki Malik

Altria Group Inc.: From Traditional Tobacco to Modern Marvels – What Is Their Growth Strategy? - Key Drivers

Altria Group delivered a decent result managed to exceed analyst expectations in terms of earnings. In the last quarter, the company demonstrated...

Baptista Research

A bombed-out sector showing good potential upside. The sector ETF offers good risk reward with catalysts on the horizon.