Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>I tally 41 - mostly firm, mostly Asia-Pac - arb transactions currently being discussed and analysed on Smartkarma.</li>
<li>Five new deal was discussed on Smartkarma this week: <a href="https://www.smartkarma.com/entities/infomedia-ltd" target="_blank" data-smartkarma-citation="entities:11385:1" rel="noopener">Infomedia Ltd (IFM AU)</a>,<a href="https://www.smartkarma.com/entities/ci-medical-co-ltd" target="_blank" data-smartkarma-citation="entities:26170:1" rel="noopener">Ci Medical (3540 JP)</a>, <a href="https://www.smartkarma.com/entities/soft99-corp" target="_blank" data-smartkarma-citation="entities:18486:1" rel="noopener">Soft99 Corp (4464 JP)</a>, <a href="https://www.smartkarma.com/entities/technopro-holdings-inc" target="_blank" data-smartkarma-citation="entities:6955:1" rel="noopener">Technopro Holdings (6028 JP)</a>, and <a href="https://www.smartkarma.com/entities/kolon-mobility-group" target="_blank" data-smartkarma-citation="entities:45648:1" rel="noopener">Kolon Mobility (450140 KS)</a>.</li>
<li>Key updates/news took place on <a href="https://www.smartkarma.com/entities/iress-ltd" target="_blank" data-smartkarma-citation="entities:15342:1" rel="noopener">Iress Ltd (IRE AU)</a>, <a href="https://www.smartkarma.com/entities/pointsbet-holdings-ltd" target="_blank" data-smartkarma-citation="entities:29102:1" rel="noopener">PointsBet Holdings (PBH AU)</a>, <a href="https://www.smartkarma.com/entities/hkbn-ltd" target="_blank" data-smartkarma-citation="entities:289:1" rel="noopener">HKBN Ltd (1310 HK)</a>, <a href="https://www.smartkarma.com/entities/tourism-holdings-ltd" target="_blank" data-smartkarma-citation="entities:2787:1" rel="noopener">Tourism Holdings (THL NZ)</a>, and <a href="https://www.smartkarma.com/entities/furukawa-battery-co-ltd" target="_blank" data-smartkarma-citation="entities:6513:1" rel="noopener">Furukawa Battery (6937 JP)</a>.</li>
</ul>


I tally 41 - mostly firm, mostly Asia-Pac - arb transactions currently being discussed and analysed on Smartkarma.
Five new deal was discussed on Smartkarma this week: Infomedia Ltd (IFM AU),Ci Medical (3540 JP), Soft99 Corp (4464 JP), Technopro Holdings (6028 JP), and Kolon Mobility (450140 KS).
Key updates/news took place on Iress Ltd (IRE AU), PointsBet Holdings (PBH AU), HKBN Ltd (1310 HK), Tourism Holdings (THL NZ), and Furukawa Battery (6937 JP).


(Mostly) Asia-Pac M&A: Technopro, Infomedia, Kolon Mobility, Iress, HKBN, Furukawa Battery

Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Chief Executive Officer

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Cross Asset Strategy

<ul>
<li>Our analysis of quarterly returns of each Asian market and each of the sectors within them shows clear cyclical patterns of performance, driven, we believe, by market/sector rotation by investors.</li>
<li>These cyclical patterns indicate that in the near-term, investors could rotate out of onshore China, India, Singapore, Indonesia and Thailand and rotate into Hong Kong, Korea, Malaysia and Philippines.</li>
<li>Korean Technology, Financials and Industrials, Hong Kong Energy, Communications and Technology Services, and Malaysian and Philippines Industrial Services are the secularly outperforming sectors among these likely beneficiary sectors.  </li>
</ul>


Our analysis of quarterly returns of each Asian market and each of the sectors within them shows clear cyclical patterns of performance, driven, we believe, by market/sector rotation by investors.
These cyclical patterns indicate that in the near-term, investors could rotate out of onshore China, India, Singapore, Indonesia and Thailand and rotate into Hong Kong, Korea, Malaysia and Philippines.
Korean Technology, Financials and Industrials, Hong Kong Energy, Communications and Technology Services, and Malaysian and Philippines Industrial Services are the secularly outperforming sectors among these likely beneficiary sectors.  


Asian Equities: Cyclical Patterns and Sector/Market Rotations Tell Us Where to Look Next

<ul>
<li>On the 1st August, <a href="https://www.smartkarma.com/entities/hkbn-ltd" target="_blank" data-smartkarma-citation="entities:289:1" rel="noopener">HKBN Ltd (1310 HK)</a> announced <a href="https://www.smartkarma.com/entities/china-mobile-ltd" target="_blank" data-smartkarma-citation="entities:27:1" rel="noopener">China Mobile (941 HK)</a> had satisfied all pre-cons. <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0806/2025080600035.pdf" target="_blank" rel="noopener">The Offer Doc is now out</a>.</li>
<li>The First Close is the 3rd September with payment potentially on or around the 12th September - if the Offer turns unconditional on the First Close.</li>
<li>
There is no IFA opinion in this Doc. That will be present in the Response Doc, which is expected to be dispatched on or before the 20th August. </li>
</ul>


On the 1st August, HKBN Ltd (1310 HK) announced China Mobile (941 HK) had satisfied all pre-cons. The Offer Doc is now out.
The First Close is the 3rd September with payment potentially on or around the 12th September - if the Offer turns unconditional on the First Close.

There is no IFA opinion in this Doc. That will be present in the Response Doc, which is expected to be dispatched on or before the 20th August. 


HKBN (1310 HK): China Mobile's Offer Now Open

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>A quick synoptic look at the tactical models for the key indices, stocks, commodities and bonds we cover, for the week August 4 - August 8.</li>
<li>
OVERSOLD: <a href="https://www.smartkarma.com/entities/china-mobile-ltd" target="_blank" data-smartkarma-citation="entities:27:1" rel="noopener">China Mobile (941 HK)</a> , <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY Index</a> , <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">KOSPI 200 INDEX</a> </li>
<li>
OVERBOUGHT: <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a> is the only stock clearly overbought. </li>
</ul>


A quick synoptic look at the tactical models for the key indices, stocks, commodities and bonds we cover, for the week August 4 - August 8.

OVERSOLD: China Mobile (941 HK) , NIFTY Index , KOSPI 200 INDEX 

OVERBOUGHT: NVIDIA Corp (NVDA US) is the only stock clearly overbought. 


Global Markets Tactical Outlook: Week of August 4 – August 8

Derivatives and Quantitative Strategist

Gaudenz Schneider

<ul>
<li>
<a href="https://www.smartkarma.com/entities/china-mobile-ltd" target="_blank" data-smartkarma-citation="entities:27:1" rel="noopener">China Mobile (941 HK)</a> / <a href="https://www.smartkarma.com/entities/china-mobile-ltd-cca8f162-fa93-4d59-944e-86bad7251e5c" target="_blank" data-smartkarma-citation="entities:35371:1" rel="noopener">China Mobile (600941 CH)</a> will release 2024 interim results on Thursday, 7 August 2025. The stock is a key constituent of the HSI and HSCEI.</li>
<li>
Highlights: Past earnings moves have been modest, but the options skew hints at potential for surprises. Dividend decision also due.</li>
<li>
Why Read: Helps time exposure and evaluate short-term risks ahead of results and dividend announcement for cash investors and option traders.</li>
</ul>



China Mobile (941 HK) / China Mobile (600941 CH) will release 2024 interim results on Thursday, 7 August 2025. The stock is a key constituent of the HSI and HSCEI.

Highlights: Past earnings moves have been modest, but the options skew hints at potential for surprises. Dividend decision also due.

Why Read: Helps time exposure and evaluate short-term risks ahead of results and dividend announcement for cash investors and option traders.


China Mobile (941 HK) Results on 7 Aug: Low Volatility History Faces Test

Hong Kong

China Mobile Limited, through its subsidiaries, provides cellular telecommunications and related services in the People's Republic of China and Hong Kong SAR.

Price Gauge
52-week Range	0.00 - 0.00
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China Mobile Ltd Spon Adr (CHL US)

(Mostly) Asia-Pac M&A: Technopro, Infomedia, Kolon Mobility, Iress, HKBN, Furukawa Battery

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Asian Equities: Cyclical Patterns and Sector/Market Rotations Tell Us Where to Look Next

Asian market returns evince cyclical patterns driven by investor rotation. Near-term shifts likely from onshore CN, India, SG, Indonesia to HK,...

Manishi Raychaudhuri

HKBN (1310 HK): China Mobile's Offer Now Open

The Offer is now open for acceptances. Trading super tight at a gross/annualised spread of 0.5%/5% assuming 12th September payment. If in, stay...

David Blennerhassett

Global Markets Tactical Outlook: Week of August 4 – August 8

Our WEEKLY tactical models show oversold conditions for China Mobile, NIFTY Index, and KOSPI 200 Index, while NVIDIA Corp is the only stock...

Nico Rosti

China Mobile (941 HK) Results on 7 Aug: Low Volatility History Faces Test

Options markets remain calm ahead of results but price in a fat-tailed return distribution, indicating traders are hedging against potential...

Gaudenz Schneider

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

(Mostly) Asia-Pac M&A: Technopro, Infomedia, Kolon Mobility, Iress, HKBN, Furukawa Battery

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Asian Equities: Cyclical Patterns and Sector/Market Rotations Tell Us Where to Look Next

​Asian market returns evince cyclical patterns driven by investor rotation. Near-term shifts likely from onshore CN, India, SG, Indonesia to HK,...

Manishi Raychaudhuri

HKBN (1310 HK): China Mobile's Offer Now Open

The Offer is now open for acceptances. Trading super tight at a gross/annualised spread of 0.5%/5% assuming 12th September payment. If in, stay...

David Blennerhassett

Global Markets Tactical Outlook: Week of August 4 – August 8

​Our WEEKLY tactical models show oversold conditions for China Mobile, NIFTY Index, and KOSPI 200 Index, while NVIDIA Corp is the only stock...

Nico Rosti

China Mobile (941 HK) Results on 7 Aug: Low Volatility History Faces Test

Options markets remain calm ahead of results but price in a fat-tailed return distribution, indicating traders are hedging against potential...

Gaudenz Schneider

Asian market returns evince cyclical patterns driven by investor rotation. Near-term shifts likely from onshore CN, India, SG, Indonesia to HK,...

Our WEEKLY tactical models show oversold conditions for China Mobile, NIFTY Index, and KOSPI 200 Index, while NVIDIA Corp is the only stock...