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

Rikki Malik

Equity Bottom-Up

Citic Resources Holdings / Equity Bottom-Up

<ul>
<li>One of a basket of Hong Kong commodity stocks we like</li>
<li>One off issues in 2023 which should reverse in 2024</li>
<li>Can also be viewed as  a tangential play on India's industrial growth</li>
</ul>


One of a basket of Hong Kong commodity stocks we like
One off issues in 2023 which should reverse in 2024
Can also be viewed as  a tangential play on India's industrial growth


Citic Resource Holdings (1205.HK) - A Play on Oil and Coal Demand

Thematic (Sector/Industry)

<ul>
<li>China’s economic data is continuing to surprise on the upside.</li>
<li>Investors are starting to take notice and good news is not being ignored – a sign of a change in sentiment.</li>
<li>Economically sensitive and commodity-related sectors a good hunting ground for absolute returns</li>
</ul>


China’s economic data is continuing to surprise on the upside.
Investors are starting to take notice and good news is not being ignored – a sign of a change in sentiment.
Economically sensitive and commodity-related sectors a good hunting ground for absolute returns


What's up with Hong Kong? Bull Market Dude!

<ul>
<li>
<a href="https://www.smartkarma.com/entities/citic-ltd" target="_blank" data-smartkarma-citation="entities:20590:1" rel="noopener">Citic Ltd (267 HK)</a> is a well-managed conglomerate trading at a big discount to its constituent parts</li>
<li>Earnings should move up from here and pays a decent dividend while you wait.</li>
<li>A member of both the the Hang Seng Index (HSI INDEX)  and the HSCCI and will attract inflows once institutional money returns</li>
</ul>



Citic Ltd (267 HK) is a well-managed conglomerate trading at a big discount to its constituent parts
Earnings should move up from here and pays a decent dividend while you wait.
A member of both the the Hang Seng Index (HSI INDEX)  and the HSCCI and will attract inflows once institutional money returns


Citic Limited - A Deeply Discounted Conglomerate in the Hang Seng Index

<ul>
<li>BHP’s bid for Anglo American highlights the value currently in the mining sector</li>
<li>Chinese material stocks outperforming and the world is following suit</li>
<li>Speculative buying exhaustion may prompt a correction in copper and provide a good entry point.</li>
</ul>


BHP’s bid for Anglo American highlights the value currently in the mining sector
Chinese material stocks outperforming and the world is following suit
Speculative buying exhaustion may prompt a correction in copper and provide a good entry point.


"There’s Gold in Them Thar Hills" – Value in the Diversified Mining Sector

Cosco Shipping Energy Transportation Co. Ltd. (H) / Equity Bottom-Up

Cosco Shipping Energy Transportation Co. Ltd. (H)

<ul>
<li>The Supply/ Demand imbalance in tankers will persist for longer, supporting earnings</li>
<li>A beneficiary of increased global tensions and higher oil and gas prices</li>
<li>Proposed Stock option scheme incentives management in the right way</li>
</ul>


The Supply/ Demand imbalance in tankers will persist for longer, supporting earnings
A beneficiary of increased global tensions and higher oil and gas prices
Proposed Stock option scheme incentives management in the right way


Cosco Shipping Energy 1138.HK - Higher for Longer

Hong Kong

CITIC Resources Holdings Limited, through its subsidiaries, operates the Portland Aluminum Smelter and sells aluminum finished products. The Company also imports and exports commodities. In addition, Citic Resources operates coal mining and exploration business.

Citic Resources Holdings (1205 HK)

Citic Resource Holdings (1205.HK) - A Play on Oil and Coal Demand

A HK commodity stock with earnings expected to improve over the next few years - also tied to India's industrial growth.

Rikki Malik

What's up with Hong Kong? Bull Market Dude!

China's stronger economic data is catching investors' attention, signalling a shift in sentiment and highlighting opportunities in economically...

Rikki Malik

Citic Limited - A Deeply Discounted Conglomerate in the Hang Seng Index

Citic Ltd (267 HK) is an undervalued conglomerate in the Hang Seng Index, offering a good dividend and potential for institutional inflows.

Rikki Malik

"There’s Gold in Them Thar Hills" – Value in the Diversified Mining Sector

BHP bid for Anglo highlights value in the mining sector. The long-term underperformance of the sector is in the process of being reversed and has...

Rikki Malik

Cosco Shipping Energy 1138.HK - Higher for Longer

Tanker market imbalance to continue, boosting earnings; global tensions and higher prices benefit the company; stock option scheme incentivizes...

Rikki Malik

Citic Resource Holdings (1205.HK) - A Play on Oil and Coal Demand

A HK commodity stock with earnings expected to improve over the next few years - also tied to India's industrial growth.

Rikki Malik

What's up with Hong Kong? Bull Market Dude!

​China's stronger economic data is catching investors' attention, signalling a shift in sentiment and highlighting opportunities in economically...

Rikki Malik

Citic Limited - A Deeply Discounted Conglomerate in the Hang Seng Index

​Citic Ltd (267 HK) is an undervalued conglomerate in the Hang Seng Index, offering a good dividend and potential for institutional inflows.

Rikki Malik

"There’s Gold in Them Thar Hills" – Value in the Diversified Mining Sector

​BHP bid for Anglo highlights value in the mining sector. The long-term underperformance of the sector is in the process of being reversed and has...

Rikki Malik

Cosco Shipping Energy 1138.HK - Higher for Longer

​Tanker market imbalance to continue, boosting earnings; global tensions and higher prices benefit the company; stock option scheme incentivizes...

Rikki Malik

China's stronger economic data is catching investors' attention, signalling a shift in sentiment and highlighting opportunities in economically...

Citic Ltd (267 HK) is an undervalued conglomerate in the Hang Seng Index, offering a good dividend and potential for institutional inflows.

BHP bid for Anglo highlights value in the mining sector. The long-term underperformance of the sector is in the process of being reversed and has...

Tanker market imbalance to continue, boosting earnings; global tensions and higher prices benefit the company; stock option scheme incentivizes...