Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>For the week ending 18/Apr, U.S. crude inventories rose by 0.2m barrels (vs. expectations of a 0.7m barrel fall). Gasoline and distillate stockpiles fell more than expected.</li>
<li>Henry Hub is headed for a fourth straight weekly decline. U.S. natural gas inventories rose by 88 Bcf, exceeding analyst expectations of a 69 Bcf build.</li>
<li>Analysts cut price targets for Exxon, Chevron, Occidental, and Halliburton. Activist investor Elliott raised its stake in BP to just over 5% via derivative contracts.</li>
</ul>


For the week ending 18/Apr, U.S. crude inventories rose by 0.2m barrels (vs. expectations of a 0.7m barrel fall). Gasoline and distillate stockpiles fell more than expected.
Henry Hub is headed for a fourth straight weekly decline. U.S. natural gas inventories rose by 88 Bcf, exceeding analyst expectations of a 69 Bcf build.
Analysts cut price targets for Exxon, Chevron, Occidental, and Halliburton. Activist investor Elliott raised its stake in BP to just over 5% via derivative contracts.


[ETP 2025/17] WTI Tumbles Amid U.S. Trade Policy Uncertainty, Henry Hub Continues to Slide

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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.

Quantitative Analysis

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Apr 11th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in China Mobile, Sinopec, Ishares A50, Smic, CNOOC, Meituan, Kuaishou, Tracker Fund.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Apr 11th.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in China Mobile, Sinopec, Ishares A50, Smic, CNOOC, Meituan, Kuaishou, Tracker Fund.


HK Short Interest Weekly: China Mobile, Sinopec, Smic, CNOOC, Meituan, Kuaishou

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>Solactive has announced the review results for the Global Lithium Index. There are no constituent changes for the index but there will be capping changes for a few stocks.</li>
<li>Estimated one-way turnover is 10.8% and will result in a round-trip trade of US$208m. There are some stocks with over 0.5x ADV to trade.</li>
<li>The index has been in a secular downtrend over the last few years and there have been big redemptions from ETFs tracking the index.</li>
</ul>


Solactive has announced the review results for the Global Lithium Index. There are no constituent changes for the index but there will be capping changes for a few stocks.
Estimated one-way turnover is 10.8% and will result in a round-trip trade of US$208m. There are some stocks with over 0.5x ADV to trade.
The index has been in a secular downtrend over the last few years and there have been big redemptions from ETFs tracking the index.


Solactive Global Lithium Index Rebalance: Passive Flows Next Week

Blue Lotus China New Economy Research, Blue Lotus Research Institute

Eric Wen

Blue Lotus China New Economy 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>300750 SZ/1211 HK: CATL launched 2nd generation Shenxing LFP battery, surprassing BYD in fast charging (///)</li>
<li>ATAT US : Hotel RevPAR Decline Narrows Marginally  (+ /+)</li>
<li>NIO US: ONVO L90 Appears in MIIT's New Vehicle List(+)</li>
</ul>


300750 SZ/1211 HK: CATL launched 2nd generation Shenxing LFP battery, surprassing BYD in fast charging (///)
ATAT US : Hotel RevPAR Decline Narrows Marginally  (+ /+)
NIO US: ONVO L90 Appears in MIIT's New Vehicle List(+)


[Blue Lotus Daily]:300750 SZ/1211 HK/ATAT US/NIO US

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

Equity Capital Markets

BenQ BM Holding Cayman Corp. / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/benq-bm-holding-cayman-corp" target="_blank" data-smartkarma-citation="entities:41124:1" rel="noopener">BenQ BM Holding Cayman Corp. (BBHC HK)</a>  is looking to raise at least $US100m in its upcoming Hong Kong IPO.</li>
<li>BenQ is a leading private for-profit general hospital group in mainland China, operating two general hospitals - Nanjing BenQ Hospital and Suzhou BenQ Hospital.</li>
<li>In this note, we provide updates on the firm's past performance. </li>
</ul>



BenQ BM Holding Cayman Corp. (BBHC HK)  is looking to raise at least $US100m in its upcoming Hong Kong IPO.
BenQ is a leading private for-profit general hospital group in mainland China, operating two general hospitals - Nanjing BenQ Hospital and Suzhou BenQ Hospital.
In this note, we provide updates on the firm's past performance. 


BenQ BM Pre-IPO: PHIP Updates - Performance Continues to Deteriorate

China

BYD Company Limited, through its subsidiaries, manufactures and sells automobiles. The Company also researches, develops, manufactures and sells batteries, which are applied on mobile phones, cordless phones, power tools and other kinds of portable electronic devices.

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BYD (1211 HK)

[ETP 2025/17] WTI Tumbles Amid U.S. Trade Policy Uncertainty, Henry Hub Continues to Slide

US crude inventories rose unexpectedly, while gasoline and distillate stockpiles fell. Analysts lowered price targets for major oil companies,...

Mint Finance

HK Short Interest Weekly: China Mobile, Sinopec, Smic, CNOOC, Meituan, Kuaishou

We analyzed the latest HK SFC report for aggregate short position as of Apr 11th and highlight short interest changes in China Mobile, Sinopec,...

Ke Yan, CFA, FRM

Solactive Global Lithium Index Rebalance: Passive Flows Next Week

There are capping changes for the Global Lithium Index next week. Estimated one-way turnover is 10.8% resulting in a round-trip trade of US$208m....

Brian Freitas

[Blue Lotus Daily]:300750 SZ/1211 HK/ATAT US/NIO US

CATL surpasses BYD in fast charging with 2nd generation Shenxing LFP battery. Hotel RevPAR decline narrows slightly. ONVO L90 from NIO appears in...

Blue Lotus Research Institute

BenQ BM Pre-IPO: PHIP Updates - Performance Continues to Deteriorate

BenQ BM is looking to raise at least $US100m in its upcoming Hong Kong IPO. In this note, we provide updates on the firm's past performance.

Nicholas Tan

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[ETP 2025/17] WTI Tumbles Amid U.S. Trade Policy Uncertainty, Henry Hub Continues to Slide

​US crude inventories rose unexpectedly, while gasoline and distillate stockpiles fell. Analysts lowered price targets for major oil companies,...

Mint Finance

HK Short Interest Weekly: China Mobile, Sinopec, Smic, CNOOC, Meituan, Kuaishou

We analyzed the latest HK SFC report for aggregate short position as of Apr 11th and highlight short interest changes in China Mobile, Sinopec,...

Ke Yan, CFA, FRM

Solactive Global Lithium Index Rebalance: Passive Flows Next Week

There are capping changes for the Global Lithium Index next week. Estimated one-way turnover is 10.8% resulting in a round-trip trade of US$208m....

Brian Freitas

[Blue Lotus Daily]:300750 SZ/1211 HK/ATAT US/NIO US

​CATL surpasses BYD in fast charging with 2nd generation Shenxing LFP battery. Hotel RevPAR decline narrows slightly. ONVO L90 from NIO appears in...

Blue Lotus Research Institute

BenQ BM Pre-IPO: PHIP Updates - Performance Continues to Deteriorate

BenQ BM is looking to raise at least $US100m in its upcoming Hong Kong IPO. In this note, we provide updates on the firm's past performance.

Nicholas Tan

US crude inventories rose unexpectedly, while gasoline and distillate stockpiles fell. Analysts lowered price targets for major oil companies,...

CATL surpasses BYD in fast charging with 2nd generation Shenxing LFP battery. Hotel RevPAR decline narrows slightly. ONVO L90 from NIO appears in...