Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Railway / China’s railway investment falls for a third straight year</li><li>Covid-19 / China to end quarantine for travelers from Hong Kong to the mainland</li><li>Academic fraud / China punishes dozens for academic fraud at medical universities</li></ul>

Railway / China’s railway investment falls for a third straight yearCovid-19 / China to end quarantine for travelers from Hong Kong to the mainlandAcademic fraud / China punishes dozens for academic fraud at medical universities

CX Daily: China’s Railway Investment Falls for a Third Straight Year

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 Dec 23rd. </li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in Li Ning, Country Garden, HKEX, JD.com, Longfor. </li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Dec 23rd. 
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in Li Ning, Country Garden, HKEX, JD.com, Longfor. 


HK Short Interest Weekly: Li Ning, Country Garden, HKEX, JD.com, Longfor

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<ul>
<li>TSMC's revenue could drop in the near-term due to customers cutting orders, however full year 2023E growth still likely thanks to advanced chips.</li>
<li>Samsung has guided staff internally for a major slump in its semiconductor unit's operating profit.</li>
<li>Apple is pushing for price cuts amongst its suppliers due to weak end demand for its products.</li>
</ul>


TSMC's revenue could drop in the near-term due to customers cutting orders, however full year 2023E growth still likely thanks to advanced chips.
Samsung has guided staff internally for a major slump in its semiconductor unit's operating profit.
Apple is pushing for price cuts amongst its suppliers due to weak end demand for its products.


Taiwan Tech Weekly: Signs TSMC Winning the 3-Nm Battle Vs. Samsung, Apple Bargaining Down Suppliers

<ul>
<li>We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine for holding position as of December 30th.</li>
<li>We estimate the weekly inflows to be US$457.7 million, led by financials, consumer staples, utilities sectors, and offset by industrials, materials.</li>
<li>We highlight flows for Ping An Insurance, Yibin Wuliangye, CATL. </li>
</ul>


We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine for holding position as of December 30th.
We estimate the weekly inflows to be US$457.7 million, led by financials, consumer staples, utilities sectors, and offset by industrials, materials.
We highlight flows for Ping An Insurance, Yibin Wuliangye, CATL. 


Northbound Flows (Dec 30th): Ping An, Wuliangye, CATL

<ul>
<li>Covid-19 /: After China’s Covid U-turn, a ‘tsunami’ of infected strip bare pharmacy shelves</li>
<li>Economy /: China’s economy won’t get back to normal until ‘wartime’ Covid controls end, expert says</li>
<li>Hong Kong /: Hong Kong plans to reopen border with mainland in weeks</li>
</ul>


Covid-19 /: After China’s Covid U-turn, a ‘tsunami’ of infected strip bare pharmacy shelves
Economy /: China’s economy won’t get back to normal until ‘wartime’ Covid controls end, expert says
Hong Kong /: Hong Kong plans to reopen border with mainland in weeks


CX Daily: After China’s Covid U-Turn, A ‘Tsunami’ Of Infected Strip Bare Pharmacy Shelves

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)

CX Daily: China’s Railway Investment Falls for a Third Straight Year

China’s railway investment falls for a third straight year. China to end quarantine for travelers from Hong Kong to the mainland

Caixin Global

HK Short Interest Weekly: Li Ning, Country Garden, HKEX, JD.com, Longfor

We analyzed the latest HK SFC report for aggregate short position as of Dec 23rd and highlight short interest changes in Li Ning, Country Garden,...

Ke Yan, CFA, FRM

Taiwan Tech Weekly: Signs TSMC Winning the 3-Nm Battle Vs. Samsung, Apple Bargaining Down Suppliers

TSMC's revenue could drop in the near-term due to customers cutting orders, however full year 2023E growth still likely thanks to advanced chips.

Vincent Fernando, CFA

Northbound Flows (Dec 30th): Ping An, Wuliangye, CATL

We analyzed the Shanghai/Shenzhen Connect Scheme for last week and highlight flows for Ping An Insurance, Wuliangye, CATL.

Ke Yan, CFA, FRM

CX Daily: After China’s Covid U-Turn, A ‘Tsunami’ Of Infected Strip Bare Pharmacy Shelves

After China’s Covid U-turn, a ‘tsunami’ of infected strip bare pharmacy shelves. China’s economy won’t get back to normal until ‘wartime’ Covid...

Caixin Global

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