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>
<a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> closed up +4.37% on Monday, some analyst attribute the performance to the news that the company is about to deliver an innovative ultra-fast car charger.</li>
<li>Another factor may be a projected increased interest in EV vehicles, due to potentially higher fuel prices caused by the Iran War and Hormutz Strait blockade.</li>
<li>From a pure quantitative standpoint, our model flagged the stock as 'mildly oversold' last Friday at Close. We <a href="https://www.smartkarma.com/insights/byd-1211-hk-tactical-outlook-taking-off-not-yet" target="_blank" rel="noopener">previously</a> said that <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> may be ready to rally again.</li>
</ul>



BYD (1211 HK) closed up +4.37% on Monday, some analyst attribute the performance to the news that the company is about to deliver an innovative ultra-fast car charger.
Another factor may be a projected increased interest in EV vehicles, due to potentially higher fuel prices caused by the Iran War and Hormutz Strait blockade.
From a pure quantitative standpoint, our model flagged the stock as 'mildly oversold' last Friday at Close. We previously said that BYD (1211 HK) may be ready to rally again.


BYD (1211 HK) Tactical Outlook: Higher Oil Prices Could Boost EV Demand

<ul>
<li>
<a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> had a difficult week last week, dropped nearly 10%, but a recovery rally this week is bringing the stock back to previous price levels (last close=99.15).</li>
<li>We insist that <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> may be in the process of bottoming and possibly restart rallying.</li>
<li>This insight will update profit targets for this rally just before the start of the holidays in China, next week.</li>
</ul>



BYD (1211 HK) had a difficult week last week, dropped nearly 10%, but a recovery rally this week is bringing the stock back to previous price levels (last close=99.15).
We insist that BYD (1211 HK) may be in the process of bottoming and possibly restart rallying.
This insight will update profit targets for this rally just before the start of the holidays in China, next week.


BYD (1211 HK) Tactical Outlook: Taking Off? NOT YET!

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>AH Premia dropped slightly in the week to 30 Jan on average for liquid pairs. Then rose sharply las week. Energy and Communications Services saw Hs outperform.</li>
<li>The Quiddity Portfolio is +0.54% in 5 weeks on 10% H/A beta.</li>
<li>The data tables below update daily in the <a href="https://www.smartkarma.com/tools" target="_blank" rel="noopener">Tools</a> section of Smartkarma. The <a href="https://www.smartkarma.com/tools/quiddity/south-flow-monitor" target="_blank" rel="noopener">Southbound Flow Monitor</a> and <a href="https://www.smartkarma.com/tools/quiddity/ah-shares-monitor" target="_blank" rel="noopener">AH Pairs Monitor</a> are both there - free for all SK readers. Recently used are now sticky.</li>
</ul>


AH Premia dropped slightly in the week to 30 Jan on average for liquid pairs. Then rose sharply las week. Energy and Communications Services saw Hs outperform.
The Quiddity Portfolio is +0.54% in 5 weeks on 10% H/A beta.
The data tables below update daily in the Tools section of Smartkarma. The Southbound Flow Monitor and AH Pairs Monitor are both there - free for all SK readers. Recently used are now sticky.


A/H Premium Tracker (2 Weeks to 6 Feb 2026):  Slight H/A Under-Perf

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Index Rebalance

<ul>
<li>The HSTECH index tracks the performance of the top 30 technology companies listed in Hong Kong that have high business exposure to certain technology themes.</li>
<li>We continue to expect no index changes for March 2026. However, we estimate there to be around US$862mn in one-way flows triggered by capping.</li>
<li>The official index changes and indicative weights for the March 2026 index rebal event will be announced publicly after the close on Friday 13th February 2026.</li>
</ul>


The HSTECH index tracks the performance of the top 30 technology companies listed in Hong Kong that have high business exposure to certain technology themes.
We continue to expect no index changes for March 2026. However, we estimate there to be around US$862mn in one-way flows triggered by capping.
The official index changes and indicative weights for the March 2026 index rebal event will be announced publicly after the close on Friday 13th February 2026.


Quiddity Leaderboard HSTECH Mar26: No Changes Likely; US$860mn One-Way; Announcement Next Week

<ul>
<li>This insight updates our previous: <a href="https://www.smartkarma.com/insights/byd-1211-hk-tactical-outlook-is-this-a-good-time-to-go-long-possibly-yes" target="_blank" rel="noopener">BYD (1211 HK) Tactical Outlook: Is This a Good Time To Go LONG? Possibly Yes.</a> (Published on Dec 29, boomeranged on Jan 2).</li>
<li>As previously signaled, <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> may be in the process of bottoming and possibly restart rallying. This tactical view is short term, our target is 106.4 (Q3 target).
</li>
<li>The stock is getting overbought, it does not mean the rally cannot continue past 106.4, but for now we will keep a conservative view, and we'll come back with updates.</li>
</ul>


This insight updates our previous: BYD (1211 HK) Tactical Outlook: Is This a Good Time To Go LONG? Possibly Yes. (Published on Dec 29, boomeranged on Jan 2).
As previously signaled, BYD (1211 HK) may be in the process of bottoming and possibly restart rallying. This tactical view is short term, our target is 106.4 (Q3 target).

The stock is getting overbought, it does not mean the rally cannot continue past 106.4, but for now we will keep a conservative view, and we'll come back with updates.


BYD (1211 HK) Tactical Outlook: Taking Off?

China

BYD Company Limited manufactures automotive products. The Company produces ordinary passenger cars, commercial vehicles, and other products. BYD also operates battery making, rail transportation construction, and other businesses.

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BYD (002594 CH)

BYD (1211 HK) Tactical Outlook: Higher Oil Prices Could Boost EV Demand

BYD (1211 HK) stock surged +4.37% on Monday after news of an innovative ultra-fast car charger, plus a potential rise in EV interest due to...

Nico Rosti

BYD (1211 HK) Tactical Outlook: Taking Off? NOT YET!

BYD (1211 HK) faced a tough week last week, nearly a -10% drop, but a recovery rally is bringing the stock back to previous levels, possibly...

Nico Rosti

A/H Premium Tracker (2 Weeks to 6 Feb 2026): Slight H/A Under-Perf

AH premia were down two weeks ago, and back up last week. Hs have underperformed ytd but the Quiddity Portfolio is up. I suggest staying long...

Travis Lundy

Quiddity Leaderboard HSTECH Mar26: No Changes Likely; US$860mn One-Way; Announcement Next Week

Geely Auto (175 HK) and Chery Automobile (9973 HK) are interesting cases. Deciding their suitability for HSTECH is a highly-subjective call and...

Janaghan Jeyakumar, CFA

BYD (1211 HK) Tactical Outlook: Taking Off?

As indicated in previous insight at the end of December, BYD (1211 HK) seems to be bottoming and restarting its rally. Our short-term target is...

Nico Rosti

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

BYD (1211 HK) Tactical Outlook: Higher Oil Prices Could Boost EV Demand

​BYD (1211 HK) stock surged +4.37% on Monday after news of an innovative ultra-fast car charger, plus a potential rise in EV interest due to...

Nico Rosti

BYD (1211 HK) Tactical Outlook: Taking Off? NOT YET!

​BYD (1211 HK) faced a tough week last week, nearly a -10% drop, but a recovery rally is bringing the stock back to previous levels, possibly...

Nico Rosti

A/H Premium Tracker (2 Weeks to 6 Feb 2026): Slight H/A Under-Perf

AH premia were down two weeks ago, and back up last week. Hs have underperformed ytd but the Quiddity Portfolio is up. I suggest staying long...

Travis Lundy

Quiddity Leaderboard HSTECH Mar26: No Changes Likely; US$860mn One-Way; Announcement Next Week

Geely Auto (175 HK) and Chery Automobile (9973 HK) are interesting cases. Deciding their suitability for HSTECH is a highly-subjective call and...

Janaghan Jeyakumar, CFA

BYD (1211 HK) Tactical Outlook: Taking Off?

As indicated in previous insight at the end of December, ​BYD (1211 HK) seems to be bottoming and restarting its rally. Our short-term target is...

Nico Rosti

BYD (1211 HK) stock surged +4.37% on Monday after news of an innovative ultra-fast car charger, plus a potential rise in EV interest due to...

BYD (1211 HK) faced a tough week last week, nearly a -10% drop, but a recovery rally is bringing the stock back to previous levels, possibly...

As indicated in previous insight at the end of December, BYD (1211 HK) seems to be bottoming and restarting its rally. Our short-term target is...