Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>A week after the State Council issued "Several Opinions" (关于加强监管防范风险推动资本市场高质量发展的若干意见》), the CSRC <a href="http://www.csrc.gov.cn/csrc/c100028/c7474875/content.shtml" target="_blank" rel="noopener">announced</a> Friday five capital market cooperation measures with HK Connect. The goals are to increase cross-border investor flows.</li>
<li>They include: a broader range of ETFs in Connect, including REITs in both directions, include RMB counters in Southbound, improve mutual recognition of funds, increasing China IPOs in Hong Kong.</li>
<li>RMB Dual Counters Southbound-eligible will take time. They have some homework, but it is on the "To Do" list "as soon as possible and smoothly." Watch impact on H/A Pairs.</li>
</ul>


A week after the State Council issued "Several Opinions" (关于加强监管防范风险推动资本市场高质量发展的若干意见》), the CSRC announced Friday five capital market cooperation measures with HK Connect. The goals are to increase cross-border investor flows.
They include: a broader range of ETFs in Connect, including REITs in both directions, include RMB counters in Southbound, improve mutual recognition of funds, increasing China IPOs in Hong Kong.
RMB Dual Counters Southbound-eligible will take time. They have some homework, but it is on the "To Do" list "as soon as possible and smoothly." Watch impact on H/A Pairs.


RMB Dual Counter Trading Is Coming - This Changes AH Relationships

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Thematic (Sector/Industry)

<ul>
<li>China's telecom sector is capitalizing on its position as an AI infrastructure play, launching AI Token packages this month to serve its business and retail customers.</li>
<li>China Telecom has rolled out nationwide packages starting at RMB 9.9/month.  China Mobile provides access to Qwen 3.6 Lite for up to 18k prompts for RMB 40/month.</li>
<li>Valuations in China's telecom sector remain attractive, with low-single-digit cash flow multiples and dividend yields of 6%.</li>
</ul>


China's telecom sector is capitalizing on its position as an AI infrastructure play, launching AI Token packages this month to serve its business and retail customers.
China Telecom has rolled out nationwide packages starting at RMB 9.9/month.  China Mobile provides access to Qwen 3.6 Lite for up to 18k prompts for RMB 40/month.
Valuations in China's telecom sector remain attractive, with low-single-digit cash flow multiples and dividend yields of 6%.


CHINA TELECOM SECTOR: AI Exposure With A Dividend!!

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

<ul><li>UOB Kay Hian rates CAO as 'buy' with a $2.09 TP due to strong travel demand.</li><li>DBS names Singtel as a top Asian telco due to ROIC potential and Optus sale.</li><li>Maybank initiates 'buy' rating on Soon Hock with 20% price upside.</li></ul>

UOB Kay Hian rates CAO as 'buy' with a $2.09 TP due to strong travel demand.DBS names Singtel as a top Asian telco due to ROIC potential and Optus sale.Maybank initiates 'buy' rating on Soon Hock with 20% price upside.

Singapore Market Roundup (14-Jan-2026): UOB Kay Hian rates CAO 'buy' with $2.09 target price.

Podcast by CEO, Norges Bank Investment Management, In Good Company with Nicolai Tangen

In Good Company with Nicolai Tangen

Podcast by CEO, Norges Bank Investment Management

The CEO of the largest single investor in the world, Norges Bank Investment Management, interviews leaders of some of the largest companies in the world. You will get to know the leader, their strategy, leadership principles, and much more. Hosted on Acast. See https://www.acast.com/privacy-policy for more information.

<ul><li>Technology plays a significant role in connecting people during both good and bad times, with the telecom sector being crucial in providing connectivity</li><li>The main trends in the sector currently include the fast adoption of AI, which is increasing traffic volume and creating new use cases</li><li>One of the main challenges in the telecom industry is the need for consolidation due to the capital-intensive nature of the business and the importance of scale in operations</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Technology plays a significant role in connecting people during both good and bad times, with the telecom sector being crucial in providing connectivityThe main trends in the sector currently include the fast adoption of AI, which is increasing traffic volume and creating new use casesOne of the main challenges in the telecom industry is the need for consolidation due to the capital-intensive nature of the business and the importance of scale in operationsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Orange CEO: Telecommunications Future, Network Investment and Leadership

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyse the changes of A-H premium on 196 stocks over the last week. The average A-H premium was 81.8% as of Sep 4th.</li>
<li>The average A-H premium changed by 0.4ppt week-on-week, led by communication services, consumer staples, consumer discretionary and offset by energy, financials, utilities.</li>
<li>We highlight weekly changes in A-H premium for China South Air, Remegen, China Telecom, Muyuan Foods, Conch Cement, Minsheng Bank.</li>
</ul>


We analyse the changes of A-H premium on 196 stocks over the last week. The average A-H premium was 81.8% as of Sep 4th.
The average A-H premium changed by 0.4ppt week-on-week, led by communication services, consumer staples, consumer discretionary and offset by energy, financials, utilities.
We highlight weekly changes in A-H premium for China South Air, Remegen, China Telecom, Muyuan Foods, Conch Cement, Minsheng Bank.


A-H Premium Weekly (Sep 4th): China South Air, Remegen, China Telecom, Muyuan Foods, Conch Cement

China

China Mobile Limited provides telecommunication services. The Company offers wireline voice, broadband, roaming, and other related services. China Mobile serves customers throughout the mainland of China and in Hong Kong.

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China Mobile (600941 CH)

RMB Dual Counter Trading Is Coming - This Changes AH Relationships

1 year+ after the CSRC said it was working towards expanding HKD RMB dual counter trading in HK, making RMB counters eligible, last month through...

Travis Lundy

CHINA TELECOM SECTOR: AI Exposure With A Dividend!!

China is preparing to spend around 2 trillion yuan ($295 billion) over the next five years on building data centers across the country. State...

David Mudd

Singapore Market Roundup (14-Jan-2026): UOB Kay Hian rates CAO 'buy' with $2.09 target price.

UOB Kay Hian rates CAO 'buy' at $2.09 TP; DBS names Singtel top Asian telco; Maybank initiates 'buy' on Soon Hock with 20% price upside.

Singapore Market Roundup

Orange CEO: Telecommunications Future, Network Investment and Leadership

The telecom industry has undergone significant transformation with the adoption of mobile technology, big data, and AI, presenting challenges such...

In Good Company with Nicolai Tangen

A-H Premium Weekly (Sep 4th): China South Air, Remegen, China Telecom, Muyuan Foods, Conch Cement

We analyzed A-H premium changes in the past week and highlight A-H premium changes for China South Air, Remegen, China Telecom, Muyuan Foods, Conch...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)