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

DZT Research

DZT 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.

Index Rebalance

<ul>
<li>HSCI entry. MiniMax becomes a strong HSCI candidate for June 2026 with MV12 of HKD 225bn.</li>
<li>HS TECH entry. We expect MiniMax to enter HS TECH at the May 2026 review.</li>
<li>HSI barrier. The FY25 net loss will likely fail it for the immediate HSI review.</li>
</ul>


HSCI entry. MiniMax becomes a strong HSCI candidate for June 2026 with MV12 of HKD 225bn.
HS TECH entry. We expect MiniMax to enter HS TECH at the May 2026 review.
HSI barrier. The FY25 net loss will likely fail it for the immediate HSI review.


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

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform using the Discovery Tool.  Notable themes include:<ul><li>Energy and Materials stocks continue to strengthen, with the exception of Australian names. </li><li>Financial stocks are strengthening, excluding Australian names. </li><li>Regional casino and education stocks are exhibiting uptrends.</li></ul>See the attached report for a complete list of our recommendations from this list.

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform using the Discovery Tool.  Notable themes include:Energy and Materials stocks continue to strengthen, with the exception of Australian names. Financial stocks are strengthening, excluding Australian names. Regional casino and education stocks are exhibiting uptrends.See the attached report for a complete list of our recommendations from this list.

Popular Stocks, Attractive and Unattractive Charts

Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ck-asset-holdings-ltd" target="_blank" data-smartkarma-citation="entities:22650:1" rel="noopener">CK Asset Holdings (1113 HK)</a> is among the stocks that will be subject to some passive selling flows at the end of May as discussed in <a href="https://www.smartkarma.com/profiles/brian-freitas" target="_blank" data-smartkarma-citation="accounts:4091" rel="noopener">Brian Freitas</a>' recent insights.</li>
<li>The stock announced a cash dividend of HKD 1.39 with an ex-date of May. 27, 2026. The pre-dividend drift and index-driven passive flows create a conflicted setup.</li>
<li>Our models see potential for a rally continuation,the details and the profit target prices and the timing are discussed in the insight.</li>
</ul>



CK Asset Holdings (1113 HK) is among the stocks that will be subject to some passive selling flows at the end of May as discussed in Brian Freitas' recent insights.
The stock announced a cash dividend of HKD 1.39 with an ex-date of May. 27, 2026. The pre-dividend drift and index-driven passive flows create a conflicted setup.
Our models see potential for a rally continuation,the details and the profit target prices and the timing are discussed in the insight.


CK Asset Holdings (1113 HK) Tactical Outlook: Dividend Yield Compresses Ahead of Passive Outflows

Quantitative Analysis

<ul>
<li>We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of April 30th.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight flows for Alibaba, China Mobile, CNOOC, Tencent, Xiaomi, CCB, Cig Shanghai, Geely Automobile.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of April 30th.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight flows for Alibaba, China Mobile, CNOOC, Tencent, Xiaomi, CCB, Cig Shanghai, Geely Automobile.


HK Connect Flows Weekly (Apr 30th): Alibaba, China Mobile, CNOOC, Tencent, Xiaomi, CCB, Cig Shanghai

Independent Insight Provider

Stewart Paterson

Thematic (Sector/Industry)

IntroductionThere have been three key growth drivers of residential property development in China in my view: 1) The increase in urban population; 2) the increase in living space per person and 3) the upgrading of sub-standard housing.  The result of these three drivers is that private urban residential property development in China has grown in nominal terms from USD300bn in 2008 to USD1.4tr now - a cagr of 21%. Residential property sales in China are now larger than the GDP of Russia or…

IntroductionThere have been three key growth drivers of residential property development in China in my view: 1) The increase in urban population; 2) the increase in living space per person and 3) the upgrading of sub-standard housing.  The result of these three drivers is that private urban residential property development in China has grown in nominal terms from USD300bn in 2008 to USD1.4tr now - a cagr of 21%. Residential property sales in China are now larger than the GDP of Russia or…

Money Matters: Have the Drivers of Residential Property Investment in China Run Their Course?

Hong Kong

China Resources Land is a leading property developer, investor, and operator focused on urban construction and operation in Mainland China. The company develops and manages residential properties, shopping malls, offices, and hotels, and also engages in asset-light management and eco-system elementary businesses. It was founded in 1994 and is headquartered in Hong Kong.

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China Resources Land (1109 HK)

MiniMax-W: Index Events Reassessed

We analyze Minimax's upcoming index event and reassess the possibility of its HSI entry. HS TECH and HSCI enter in June; HSI is deferred until the...

Ke Yan, CFA, FRM

Popular Stocks, Attractive and Unattractive Charts

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform...

Vermilion Research

CK Asset Holdings (1113 HK) Tactical Outlook: Dividend Yield Compresses Ahead of Passive Outflows

CK Asset Holdings (1113 HK)'s dividend capture opportunity ex-May 27 collides with index rebalancing passive selling on May 29. Yield compresses as...

Nico Rosti

HK Connect Flows Weekly (Apr 30th): Alibaba, China Mobile, CNOOC, Tencent, Xiaomi, CCB, Cig Shanghai

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Alibaba, China Mobile, CNOOC, Tencent, Xiaomi, CCB, Cig...

Ke Yan, CFA, FRM

Money Matters: Have the Drivers of Residential Property Investment in China Run Their Course?

IntroductionThere have been three key growth drivers of residential property development in China in my view: 1) The increase in urban population;...

Stewart Paterson

Price Gauge

52-week Range

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