Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Big Beautiful Skew was again a no-show. But the SFC's expectation of dual counter eligibility for Connect by year-end approaches its endgame.</li>
<li>The GAC (2238 HK) reco 2wks ago worked well. One extra week was bad. Last week's reco on <a href="https://www.smartkarma.com/entities/cnooc-ltd" target="_blank" data-smartkarma-citation="entities:175:1" rel="noopener">CNOOC Ltd (883 HK)</a> was a disaster. H underperformed A by 8.4%.</li>
<li>The data tables below update on a daily basis in the <a href="https://www.smartkarma.com/tools" target="_blank" rel="noopener">Tools</a> section of Smartkarma. The <a href="https://www.smartkarma.com/tools/quiddity/south-flow-monitor" target="_blank" rel="noopener">SOUTHBOUND Flow Monitor</a> and <a href="https://www.smartkarma.com/tools/quiddity/ah-shares-monitor" target="_blank" rel="noopener">AH Pairs Monitor</a> are both there - free - for all SK readers.</li>
</ul>


Big Beautiful Skew was again a no-show. But the SFC's expectation of dual counter eligibility for Connect by year-end approaches its endgame.
The GAC (2238 HK) reco 2wks ago worked well. One extra week was bad. Last week's reco on CNOOC Ltd (883 HK) was a disaster. H underperformed A by 8.4%.
The data tables below update on a daily basis in the Tools section of Smartkarma. The SOUTHBOUND Flow Monitor and AH Pairs Monitor are both there - free - for all SK readers.


A/H Premium Tracker (Week to 31 Oct 2025):  Beautiful Skew Behaving Badly But RMB Counters Approach

<ul>
<li>The last two weeks have seen "Beautiful Skew" behave badly across the ten trading days. <a href="https://www.smartkarma.com/entities/cnooc-ltd" target="_blank" data-smartkarma-citation="entities:175:1" rel="noopener">CNOOC Ltd (883 HK)</a> is trading too wide for its div into year-end.</li>
<li>The long reco on <a href="https://www.smartkarma.com/entities/guangzhou-automobile-group-co-ltd" target="_blank" data-smartkarma-citation="entities:11082:1" rel="noopener">Guangzhou Automobile Group (2238 HK)</a> two weeks ago saw the H-share rise 6.8% from the next day through Friday, and the H OUTperformed its A by 2.62%.</li>
<li>The data tables below update on a daily basis in the <a href="https://www.smartkarma.com/tools" target="_blank" rel="noopener">Tools</a> section of Smartkarma. The <a href="https://www.smartkarma.com/tools/quiddity/south-flow-monitor" target="_blank" rel="noopener">SOUTHBOUND Flow Monitor</a> and <a href="https://www.smartkarma.com/tools/quiddity/ah-shares-monitor" target="_blank" rel="noopener">AH Pairs Monitor</a> are both there - free - for all SK readers.</li>
</ul>


The last two weeks have seen "Beautiful Skew" behave badly across the ten trading days. CNOOC Ltd (883 HK) is trading too wide for its div into year-end.
The long reco on Guangzhou Automobile Group (2238 HK) two weeks ago saw the H-share rise 6.8% from the next day through Friday, and the H OUTperformed its A by 2.62%.
The data tables below update on a daily basis in the Tools section of Smartkarma. The SOUTHBOUND Flow Monitor and AH Pairs Monitor are both there - free - for all SK readers.


A/H Premium Tracker (2 Wks to 24 Oct 2025):  Beautiful Skew Behaving Badly; High Div SOEs

<ul>
<li>"Beautiful Skew" slightly visible but not huge, not consistent.On average, liquid Hs outperformed their As by 1.99% so +2.79% over 2 weeks.</li>
<li>Last week's long reco on <a href="https://www.smartkarma.com/entities/china-communications-construction-co-ltd" target="_blank" data-smartkarma-citation="entities:265:1" rel="noopener">China Communications Construction (1800 HK)</a> gained just over 1% on the week in Hs and the H outperformed the A by 0.6% Friday to Friday.</li>
<li>The data tables below update on a daily basis in the <a href="https://www.smartkarma.com/tools" target="_blank" rel="noopener">Tools</a> section of Smartkarma. The <a href="https://www.smartkarma.com/tools/quiddity/south-flow-monitor" target="_blank" rel="noopener">SOUTHBOUND Flow Monitor</a> and <a href="https://www.smartkarma.com/tools/quiddity/ah-shares-monitor" target="_blank" rel="noopener">AH Pairs Monitor</a> are both there for all SK readers.</li>
</ul>


"Beautiful Skew" slightly visible but not huge, not consistent.On average, liquid Hs outperformed their As by 1.99% so +2.79% over 2 weeks.
Last week's long reco on China Communications Construction (1800 HK) gained just over 1% on the week in Hs and the H outperformed the A by 0.6% Friday to Friday.
The data tables below update on a daily basis in the Tools section of Smartkarma. The SOUTHBOUND Flow Monitor and AH Pairs Monitor are both there for all SK readers.


A/H Premium Tracker (To 12 Sep 2025):  AH Premia Contract More, Spreads Volatile

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Five stocks remain, nine new join the fray</li>
<li>Since its inception, it has generated a before-fee total return of 278% versus the MSCI Asia ex Japan of 151%</li>
</ul>


We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
Portfolio changes: Five stocks remain, nine new join the fray
Since its inception, it has generated a before-fee total return of 278% versus the MSCI Asia ex Japan of 151%


<ul>
<li>This is the Brand Spanking New and Extra Spiffy H/A-Share Discount/Premium Weekly designed to help investors see the relationships easily. We used to do it. </li>
<li>We decided to bring it back better. There are lots of cool interactive tables, and charts, heat maps, and comparative data. And 19 Trade Recommendations. </li>
<li>We hope this new version serves readers even better. Feedback is actively solicited to see if we can improve it from here. </li>
</ul>


This is the Brand Spanking New and Extra Spiffy H/A-Share Discount/Premium Weekly designed to help investors see the relationships easily. We used to do it. 
We decided to bring it back better. There are lots of cool interactive tables, and charts, heat maps, and comparative data. And 19 Trade Recommendations. 
We hope this new version serves readers even better. Feedback is actively solicited to see if we can improve it from here. 


The Brand Spanking New Extra Spiffy 🦄H/A-Share Discount/Premium Weekly (As of 11 Aug 2023)

China

CNOOC Limited, through its subsidiaries, explores, develops, produces, and sells crude oil and natural gas. The Company focuses in the areas such as Bohai, Western South China Sea, Eastern South China Sea and East China Sea in offshore China. Internationally, the Group has oil and gas assets in Asia, Africa, North America, South America, and Oceania.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

CNOOC Ltd (883 HK)

A/H Premium Tracker (Week to 31 Oct 2025): Beautiful Skew Behaving Badly But RMB Counters Approach

AH sees another week of non-beautiful skew as H premia or super narrow H discounts see Hs outperform, wider discounts the opposite. The SFC goal of...

Travis Lundy

A/H Premium Tracker (2 Wks to 24 Oct 2025): Beautiful Skew Behaving Badly; High Div SOEs

AH Pairs saw sharp NEGATIVE Beautiful Skew the past few weeks as narrow AH premia saw Hs advance and wide premia saw Hs underperform. Ugly. High...

Travis Lundy

A/H Premium Tracker (To 12 Sep 2025): AH Premia Contract More, Spreads Volatile

AH Premia contracted this past week. The volatility of pairs was significant. Many AH pairs moved spreads by 5-8% even 10%. There is a lot of noise...

Travis Lundy

The Stocks to Own in Asia – Vol. 51

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Five stocks remain, nine new join the...

A. Stotz Investment Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

A/H Premium Tracker (Week to 31 Oct 2025): Beautiful Skew Behaving Badly But RMB Counters Approach

AH sees another week of non-beautiful skew as H premia or super narrow H discounts see Hs outperform, wider discounts the opposite. The SFC goal of...

Travis Lundy

A/H Premium Tracker (2 Wks to 24 Oct 2025): Beautiful Skew Behaving Badly; High Div SOEs

AH Pairs saw sharp NEGATIVE Beautiful Skew the past few weeks as narrow AH premia saw Hs advance and wide premia saw Hs underperform. Ugly. High...

Travis Lundy

A/H Premium Tracker (To 12 Sep 2025): AH Premia Contract More, Spreads Volatile

AH Premia contracted this past week. The volatility of pairs was significant. Many AH pairs moved spreads by 5-8% even 10%. There is a lot of noise...

Travis Lundy

The Stocks to Own in Asia – Vol. 51

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Five stocks remain, nine new join the...

A. Stotz Investment Research

The Brand Spanking New Extra Spiffy 🦄H/A-Share Discount/Premium Weekly (As of 11 Aug 2023)

Quiddity's New & Improved And Really Quite Spiffy H/A Discount Monitor. All the H/A Pairs, universe & sector metrics, with interactive tables and...

Travis Lundy