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Caixin Global

Articles from Caixin Global

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Cross Asset Strategy

<ul><li>In Depth: China Tightens Rules for Freewheeling Drone Hobbyists</li><li>China’s Factory Activity Returns to Expansion in March Amid Surging Costs</li><li>Hong Kong Delays Issuance of First Compliant Stablecoin Licenses</li></ul>

In Depth: China Tightens Rules for Freewheeling Drone HobbyistsChina’s Factory Activity Returns to Expansion in March Amid Surging CostsHong Kong Delays Issuance of First Compliant Stablecoin Licenses

CX Daily: China Tightens Rules for Freewheeling Drone Hobbyists 

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

<ul>
<li>So far, global markets remain optimistic that the damage from the war in Iran will be repaired relatively soon; however, that will change as the war enters its second month.</li>
<li>Asian countries are highly dependent on oil and gas shipments from the Middle East, with airlines, petrochemical companies, and gas distribution companies all negatively affected.</li>
<li>Iran now controls when the flow of energy from the Middle East starts and thereby when the war stops. Gulf countries will not allow Iran to be the Straits gatekeeper.</li>
</ul>


So far, global markets remain optimistic that the damage from the war in Iran will be repaired relatively soon; however, that will change as the war enters its second month.
Asian countries are highly dependent on oil and gas shipments from the Middle East, with airlines, petrochemical companies, and gas distribution companies all negatively affected.
Iran now controls when the flow of energy from the Middle East starts and thereby when the war stops. Gulf countries will not allow Iran to be the Straits gatekeeper.


OIL: When a Short-Term Spike Becomes Long-Term Reality

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Thematic (Sector/Industry)

<ul>
<li>The Iran War has shifted attention  to the oil and gas sector</li>
<li>The E&amp;P companies have been front running the move in oil prices</li>
<li>We look at some smaller companies adjacent to the E&amp;P industry</li>
</ul>


The Iran War has shifted attention  to the oil and gas sector
The E&amp;P companies have been front running the move in oil prices
We look at some smaller companies adjacent to the E&amp;P industry


A High‑Beta Basket of HK Stocks Leveraged to a Cyclical Oil Bull Market.

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We maintain our near-term bullish outlook on MSCI ACWI (ACWI-US) and the S&amp;P 500, which has remained in place since 4/22/25, aside from one week (11/19/25-11/25/25) when we went neutral.</li>
<li>We will stay near-term bullish as long as crucial support levels of 6824 on SPX and $141.50 on ACWI-US continue to hold. We are buying Energy and Consumer Staples</li>
<li>We are monitoring a few potential concerns--notably the 10-year Treasury yield holding above 4.20%, global Consumer Staples (KXI-US) near 4+ month RS highs, and crude oil prices bottoming.</li>
</ul>


We maintain our near-term bullish outlook on MSCI ACWI (ACWI-US) and the S&amp;P 500, which has remained in place since 4/22/25, aside from one week (11/19/25-11/25/25) when we went neutral.
We will stay near-term bullish as long as crucial support levels of 6824 on SPX and $141.50 on ACWI-US continue to hold. We are buying Energy and Consumer Staples
We are monitoring a few potential concerns--notably the 10-year Treasury yield holding above 4.20%, global Consumer Staples (KXI-US) near 4+ month RS highs, and crude oil prices bottoming.


Emerging Markets Leading the Way; Buying Energy; Crude Oil Bottoming -- Buy

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 analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Oct 2nd based on HKEx daily reports.</li>
<li>In the past 7 days, the top 3 companies that repurchased the most shares from the market were HSBC (5 HK), Tencent (700 HK), Bidu (9888 HK).</li>
<li>In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), Bidu (9888 HK), Bilibili (9626 HK).</li>
</ul>


We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Oct 2nd based on HKEx daily reports.
In the past 7 days, the top 3 companies that repurchased the most shares from the market were HSBC (5 HK), Tencent (700 HK), Bidu (9888 HK).
In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), Bidu (9888 HK), Bilibili (9626 HK).


Hong Kong Buybacks Weekly (Oct 2nd): HSBC, Tencent, Bidu

China

China Petroleum & Chemical Corporation produces and trades petroleum and petrochemical products. The Company offers gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers. China Petroleum & Chemical markets its products throughout China.

China Petroleum & Chemical Cor (600028 CH)

Price Gauge
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China Petroleum & Chemical Cor (600028 CH)

CX Daily: China Tightens Rules for Freewheeling Drone Hobbyists

TOP STORIES In Depth: China Tightens Rules for Freewheeling Drone Hobbyists In January, Sun Wei was detained by authorities after flying a drone...

Caixin Global

OIL: When a Short-Term Spike Becomes Long-Term Reality

So far, global markets remain optimistic that the damage from the war in Iran will be repaired relatively soon; however, that will change as the...

David Mudd

A High‑Beta Basket of HK Stocks Leveraged to a Cyclical Oil Bull Market.

As the Iran war brings focus tot he oil and gas sector, we look at some high-beta companies with leverage to the oil bull market

Rikki Malik

Emerging Markets Leading the Way; Buying Energy; Crude Oil Bottoming -- Buy

Emerging Markets Leading the Way; Buying Global Energy and Consumer Staples Names; Crude Oil Bottoming -- Buy. Monitoring a few potential concerns

Vermilion Research

Hong Kong Buybacks Weekly (Oct 2nd): HSBC, Tencent, Bidu

We analyzed the Hong Kong buyback data in the past week and highlight the top 3 companies that repurchased the most shares were HSBC (5 HK),...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)