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Caixin Global

Articles from Caixin Global

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Cross Asset Strategy

<ul><li>Renewables / Analysis: Chinese renewables firms turn to new markets, models as trade barriers rise</li><li>Wahaha /In Depth: How Wahaha founder’s daughter took control amid a family squabble</li><li>Law /In Depth: China mulls changes to grassroots governance</li></ul>

Renewables / Analysis: Chinese renewables firms turn to new markets, models as trade barriers riseWahaha /In Depth: How Wahaha founder’s daughter took control amid a family squabbleLaw /In Depth: China mulls changes to grassroots governance

CX Daily: Chinese Renewables Firms Turn to New Markets, Models as Trade Barriers Rise 

<ul><li>Stocks / Cover Story: China’s stock market roars back to life — but can it outrun economic gravity?</li><li>Trade /: China offers Brazil’s coffee-makers a partial escape from U.S. tariffs</li><li>Chips /: AI chipmaker Cambricon inches closer to becoming China’s priciest stock</li></ul>

Stocks / Cover Story: China’s stock market roars back to life — but can it outrun economic gravity?Trade /: China offers Brazil’s coffee-makers a partial escape from U.S. tariffsChips /: AI chipmaker Cambricon inches closer to becoming China’s priciest stock

CX Daily: China’s Stock Market Roars Back to Life — But Can It Outrun Economic Gravity? 

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

Maxio Technology Hangzhou / Index Rebalance

<ul>
<li>There could be 2 constituent change for the STAR Chip Index at the September rebalance. There will also be a few capping changes.</li>
<li>Estimated one-way turnover is 1.4% resulting in a round-trip trade of CNY 983m (US$137m). Passives need to trade between 0.4-1.9x ADV in the potential changes.</li>
<li>Both forecast inclusions are newly eligible for index inclusion and the passive buying could provide some support following the drop in the stock price post listing.</li>
</ul>


There could be 2 constituent change for the STAR Chip Index at the September rebalance. There will also be a few capping changes.
Estimated one-way turnover is 1.4% resulting in a round-trip trade of CNY 983m (US$137m). Passives need to trade between 0.4-1.9x ADV in the potential changes.
Both forecast inclusions are newly eligible for index inclusion and the passive buying could provide some support following the drop in the stock price post listing.


STAR Chip Index Rebalance Preview: Forecast Changes for September

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 analysed the earning revision of component stocks of STAR50 in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Bestechnic (Shanghai), Csi Solar, Biwin Storage Technology, Transsion, Xinjiang Daqo.</li>
</ul>


We analysed the earning revision of component stocks of STAR50 in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Bestechnic (Shanghai), Csi Solar, Biwin Storage Technology, Transsion, Xinjiang Daqo.


STAR50 Index Earning Revision (Jun): Bestechnic, Csi Solar, Biwin Storage Technology

<ul>
<li>We analysed the earning revision of component stocks of CSI 100 in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Industrial Bank, Satellite Chemical, Zhejiang Nhu, Zhongjin Gold, Wus Printed Circuit (Kunshan), Longi Green, Tcl Zhonghuan, Cambricon Technologies.</li>
</ul>


We analysed the earning revision of component stocks of CSI 100 in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Industrial Bank, Satellite Chemical, Zhejiang Nhu, Zhongjin Gold, Wus Printed Circuit (Kunshan), Longi Green, Tcl Zhonghuan, Cambricon Technologies.


CSI 100 Index Earning Revision (Jun): Industrial Bank, Satellite Chemical, Zhejiang Nhu

China

Cambricon Technologies Corporation Limited develops and distributes software products. The Company produces terminal intelligent processors, cloud intelligent chips, accelerator cards, intelligent computing cluster systems, and other products. Cambricon Technologies also produces computer peripheral products.

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Cambricon Technologies Lt (688256 CH)

CX Daily: Chinese Renewables Firms Turn to New Markets, Models as Trade Barriers Rise

TOP STORIES Renewables / Analysis: Chinese renewables firms turn to new markets, models as trade barriers rise Faced with increasing tariffs and...

Caixin Global

CX Daily: China’s Stock Market Roars Back to Life — But Can It Outrun Economic Gravity?

TOP STORIES Stocks / Cover Story: China’s stock market roars back to life — but can it outrun economic gravity? A blistering rally has lifted...

Caixin Global

STAR Chip Index Rebalance Preview: Forecast Changes for September

There could be 2 changes for the STAR Chip Index in September. Passives will need to trade 0.4-1.9x ADV in the stocks. Estimated one-way turnover...

Brian Freitas

STAR50 Index Earning Revision (Jun): Bestechnic, Csi Solar, Biwin Storage Technology

We analyzed STAR50's consensus for Jun 2025 and highlighted changes of EPS in Bestechnic (Shanghai), Csi Solar, Biwin Storage Technology,...

Ke Yan, CFA, FRM

CSI 100 Index Earning Revision (Jun): Industrial Bank, Satellite Chemical, Zhejiang Nhu

We analyzed CSI 100's consensus for Jun 2025 and highlighted changes of EPS in Industrial Bank (601166 CH), Satellite Chemical (002648 CH),...

Ke Yan, CFA, FRM

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52-week Range

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