Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>As reported by <a href="https://www.smartkarma.com/profiles/brian-freitas" target="_blank" data-smartkarma-citation="accounts:4091" rel="noopener">Brian Freitas</a><a href="https://www.smartkarma.com/entities/baidu-inc-class-a" target="_blank" data-smartkarma-citation="entities:32212:1" rel="noopener">Baidu (9888 HK)</a> was added to the CSI Hong Kong Connect Internet Index at the close of trading on September 18, 2026.</li>
<li>Baidu has been downtrending since mid-January 2026 when it peaked at 161.20. Closed this week at 87.20, a<strong> -45% drop in price, and the lowest price reached this year</strong>.</li>
<li>
<strong>The stock is oversold in our view</strong>, and getting close to the 73 price zone floor that has been historically a solid support since 2021. Tactical positioning could be rewarding.</li>
</ul>


As reported by Brian FreitasBaidu (9888 HK) was added to the CSI Hong Kong Connect Internet Index at the close of trading on September 18, 2026.
Baidu has been downtrending since mid-January 2026 when it peaked at 161.20. Closed this week at 87.20, a -45% drop in price, and the lowest price reached this year.

The stock is oversold in our view, and getting close to the 73 price zone floor that has been historically a solid support since 2021. Tactical positioning could be rewarding.


Baidu (9888 HK) Tactical Outlook After CSI HK Connect Internet Inclusion, Multi-Month Downtrend

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/baidu-inc-class-a" target="_blank" data-smartkarma-citation="entities:32212:1" rel="noopener">Baidu (9888 HK)</a> converts from a Secondary Listing to an HKEX Dual-Primary Listing on 1 September. That should lead to Southbound Stock Connect inclusion from the open on 7 September.</li>
<li>
<a href="https://www.smartkarma.com/entities/baidu-inc-class-a" target="_blank" data-smartkarma-citation="entities:32212:1" rel="noopener">Baidu (9888 HK)</a> should be added to the CSI Hong Kong Connect Internet Index at the close on 18 September. That will add to the Southbound buying.</li>
<li>Passive trackers of the <a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">HSI INDEX</a>, <a href="https://www.smartkarma.com/entities/hang-seng-china-enterprises-index" target="_blank" data-smartkarma-citation="entities:22900:1" rel="noopener">HSCEI INDEX</a>, <a href="https://www.smartkarma.com/entities/hang-seng-tech-index" target="_blank" data-smartkarma-citation="entities:31367:1" rel="noopener">HSTECH INDEX</a> and HSIII Index will buy <a href="https://www.smartkarma.com/entities/baidu-inc-class-a" target="_blank" data-smartkarma-citation="entities:32212:1" rel="noopener">Baidu (9888 HK)</a> at the December rebalance due to an increase in free float.</li>
</ul>



Baidu (9888 HK) converts from a Secondary Listing to an HKEX Dual-Primary Listing on 1 September. That should lead to Southbound Stock Connect inclusion from the open on 7 September.

Baidu (9888 HK) should be added to the CSI Hong Kong Connect Internet Index at the close on 18 September. That will add to the Southbound buying.
Passive trackers of the HSI INDEX, HSCEI INDEX, HSTECH INDEX and HSIII Index will buy Baidu (9888 HK) at the December rebalance due to an increase in free float.


Baidu (9888 HK): Dual Primary Today, Stock Connect Next Week, Then Index Flows

Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>BIDU US: Baidu Apollo Partners with CAR Inc to Pioneer Autonomous Ride-Hailing in Tourism Hubs (+)</li>
<li>JD US: JD.com Launches Unlimited-Salary Tech Talent Program to Rival Google DeepMind (-)</li>
<li>PDD US : Slight Increase in Technology Service Fees (+)</li>
</ul>


BIDU US: Baidu Apollo Partners with CAR Inc to Pioneer Autonomous Ride-Hailing in Tourism Hubs (+)
JD US: JD.com Launches Unlimited-Salary Tech Talent Program to Rival Google DeepMind (-)
PDD US : Slight Increase in Technology Service Fees (+)


[Blue Lotus Daily-TMT Update]:BIDU US/JD US/PDD US/AAPL US/BILI US/700 HK

<ul>
<li>AI Sector Update: AI Sector Update: DeepSeek R2 Technical Parameters Leaked with Significant Price Reduction(+)</li>
<li>700 HK: WeChat Gift Feature Integrated into Official Account Lottery Function (+)</li>
<li>TME US: Reports indicate Tencent Music Entertainment is in acquisition talks with Chinese audiobook app Ximalaya (+)</li>
</ul>


AI Sector Update: AI Sector Update: DeepSeek R2 Technical Parameters Leaked with Significant Price Reduction(+)
700 HK: WeChat Gift Feature Integrated into Official Account Lottery Function (+)
TME US: Reports indicate Tencent Music Entertainment is in acquisition talks with Chinese audiobook app Ximalaya (+)


[Blue Lotus Daily-TMT Update]:700 HK/TME US/PDD US/BIDU US/AI Sector Update

<ul>
<li>JD US/BABA US/PDD US: Government Regulation Forces Cancellation of "Refund Without Return" Policy (+/+/-)</li>
<li>700 HK: Tencent Games SPARK Conference Reveals R&amp;D Progress for Multiple Titles Including &lt;Honor of Kings: World&gt; (+)</li>
<li>BIDU US:Baidu launches the AI agent app "Xin Xiang," which is similar to Manus(/)</li>
</ul>


JD US/BABA US/PDD US: Government Regulation Forces Cancellation of "Refund Without Return" Policy (+/+/-)
700 HK: Tencent Games SPARK Conference Reveals R&amp;D Progress for Multiple Titles Including &lt;Honor of Kings: World&gt; (+)
BIDU US:Baidu launches the AI agent app "Xin Xiang," which is similar to Manus(/)


[Blue Lotus Daily-TMT Update]:JD US/BABA US/PDD US/700 HK/BIDU US/3690 HK/NTES US/BILI US/E-Commerce

China

Baidu, Inc. operates an Internet search engine. The Company offers algorithmic search, enterprise search, news, MP3, and image searches, voice assistance, online storage, and navigation services. Baidu serves clients globally.

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Baidu (BIDU US)

Baidu (9888 HK) Tactical Outlook After CSI HK Connect Internet Inclusion, Multi-Month Downtrend

Our quantitative models flagged Baidu (9888 HK) as severely oversold. We think a long-term bottom may be near, and a short-term tactical reversal...

Nico Rosti

Baidu (9888 HK): Dual Primary Today, Stock Connect Next Week, Then Index Flows

Buying via Southbound Stock Connect has been slow in Baidu. Mainland investors 'only' hold 32.87m shares (1.19% of shares out). That will receive a...

Brian Freitas

[Blue Lotus Daily-TMT Update]:BIDU US/JD US/PDD US/AAPL US/BILI US/700 HK

Baidu partners with CAR Inc for autonomous ride-hailing, JD.com launches tech talent program, Pinduoduo sees slight increase in service fees.

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:700 HK/TME US/PDD US/BIDU US/AI Sector Update

AI company DeepSeek R2's technical details leaked, WeChat integrates gift feature, Tencent Music in talks to acquire Ximalaya audiobook app.

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:JD US/BABA US/PDD US/700 HK/BIDU US/3690 HK/NTES US/BILI US/E-Commerce

Government regulation forces cancellation of "refund without return" policy at JD,BABA,andPDD;Tencent reveals R&D progress at SPARK...

Blue Lotus Research Institute

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Baidu (9888 HK) Tactical Outlook After CSI HK Connect Internet Inclusion, Multi-Month Downtrend

Our quantitative models flagged Baidu (9888 HK) as severely oversold. We think a long-term bottom may be near, and a short-term tactical reversal...

Nico Rosti

Baidu (9888 HK): Dual Primary Today, Stock Connect Next Week, Then Index Flows

Buying via Southbound Stock Connect has been slow in Baidu. Mainland investors 'only' hold 32.87m shares (1.19% of shares out). That will receive a...

Brian Freitas

[Blue Lotus Daily-TMT Update]:BIDU US/JD US/PDD US/AAPL US/BILI US/700 HK

​Baidu partners with CAR Inc for autonomous ride-hailing, JD.com launches tech talent program, Pinduoduo sees slight increase in service fees.

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:700 HK/TME US/PDD US/BIDU US/AI Sector Update

​AI company DeepSeek R2's technical details leaked, WeChat integrates gift feature, Tencent Music in talks to acquire Ximalaya audiobook app.

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:JD US/BABA US/PDD US/700 HK/BIDU US/3690 HK/NTES US/BILI US/E-Commerce

​Government regulation forces cancellation of "refund without return" policy at JD,BABA,andPDD;Tencent reveals R&D progress at SPARK...

Blue Lotus Research Institute

Baidu partners with CAR Inc for autonomous ride-hailing, JD.com launches tech talent program, Pinduoduo sees slight increase in service fees.

AI company DeepSeek R2's technical details leaked, WeChat integrates gift feature, Tencent Music in talks to acquire Ximalaya audiobook app.

Government regulation forces cancellation of "refund without return" policy at JD,BABA,andPDD;Tencent reveals R&D progress at SPARK...