Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>SPACs / In Depth: SPACs appear to lose shine in Singapore and Hong Kong</li><li>Taiwan / Chinese envoy warns U.S. against further escalating tensions over Taiwan</li><li>Flood / Northwest China flash floods leave 16 dead, 36 missing</li></ul>

SPACs / In Depth: SPACs appear to lose shine in Singapore and Hong KongTaiwan / Chinese envoy warns U.S. against further escalating tensions over TaiwanFlood / Northwest China flash floods leave 16 dead, 36 missing

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

<ul><li>Why Southeast Asia is a battleground in the global China-U.S. rivalry</li><li>China threatens ‘strong and resolute countermeasures’ to Pelosi Taiwan visit</li><li>China semiconductor fund graft scandal widens as another executive probed, sources say</li></ul>

Why Southeast Asia is a battleground in the global China-U.S. rivalryChina threatens ‘strong and resolute countermeasures’ to Pelosi Taiwan visitChina semiconductor fund graft scandal widens as another executive probed, sources say

CX Daily: Why Southeast Asia Is a Battleground in the Global China-U.S. Rivalry

Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Thematic (Sector/Industry)

<ul>
<li>98 days since Russia invaded Ukraine and there is yet no end to the war in sight.</li>
<li>We concluded that the market remains on course for a global recession down the road.</li>
<li>India and Indonesia should be a better bond destination, in our view, for those who must keep their bond portfolio invested.</li>
</ul>


98 days since Russia invaded Ukraine and there is yet no end to the war in sight.
We concluded that the market remains on course for a global recession down the road.
India and Indonesia should be a better bond destination, in our view, for those who must keep their bond portfolio invested.


Bond Market Monitor: Not Out of the Woods

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 the weekly Hong Kong Connect flows with our data engine for holding position as of July 24th.</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 Tencent, Knowledge Atlas, Kingboard Laminates, Ntes, Meituan, Zijin Gold Intl, China Life, CNOOC, Hua Hong Semi, Xiaomi.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of July 24th.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight flows for Tencent, Knowledge Atlas, Kingboard Laminates, Ntes, Meituan, Zijin Gold Intl, China Life, CNOOC, Hua Hong Semi, Xiaomi.


HK Connect Flows Weekly (Jul 24th): Tencent, Knowledge Atlas, Kingboard Laminates, Ntes, Meituan

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>As discussed in <a href="https://skr.ma/y2J0O" target="_blank" rel="noopener">Z Fin (1168 HK)'s Suspension: Expect Ou To Make An Offer</a>, following <a href="https://www.smartkarma.com/entities/z-fin-limited" target="_blank" data-smartkarma-citation="entities:9999:1" rel="noopener">Z Fin (1168 HK)</a>'s suspension, an Offer from Ou Yaping, Z Fin's founder, was expected.</li>
<li>And that is what unfolded late last night (21st July). Ou is Offering HK$6.60/share, by way of a Scheme. Terms are final.</li>
<li>Terms are a 61.37% premium to undisturbed. Yet a 72.13% discount to NAV. Minorities are somewhat active looking at recent AGM voting. Yet terms are fair to listed peers. </li>
</ul>


As discussed in Z Fin (1168 HK)'s Suspension: Expect Ou To Make An Offer, following Z Fin (1168 HK)'s suspension, an Offer from Ou Yaping, Z Fin's founder, was expected.
And that is what unfolded late last night (21st July). Ou is Offering HK$6.60/share, by way of a Scheme. Terms are final.
Terms are a 61.37% premium to undisturbed. Yet a 72.13% discount to NAV. Minorities are somewhat active looking at recent AGM voting. Yet terms are fair to listed peers. 


Z Fin (1168 HK): Ou's "Fair" HK$6.60/Share Offer

China

Country Garden Holdings is a major real estate development company primarily engaged in property development, construction, property investment, property management, and hotel operations. The company offers a diverse portfolio including residential projects, commercial properties, and integrated urban developments. It was founded in 1992 and is headquartered in Foshan, China.

Price Gauge
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Country Garden Holdings (2007 HK)

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

In Depth: SPACs appear to lose shine in Singapore and Hong Kong. Chinese envoy warns U.S. against further escalating tensions over Taiwan

Caixin Global

CX Daily: Why Southeast Asia Is a Battleground in the Global China-U.S. Rivalry

Why Southeast Asia is a battleground in the global China-U.S. rivalry; China threatens ‘strong and resolute countermeasures’ to Pelosi Taiwan visit

Caixin Global

Bond Market Monitor: Not Out of the Woods

On-going maturity extensions and exchange offers will keep investors away from China. India and Indonesia should be a better bond destination for...

Bondcritic

HK Connect Flows Weekly (Jul 24th): Tencent, Knowledge Atlas, Kingboard Laminates, Ntes, Meituan

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Tencent (700 HK), Knowledge Atlas (2513 HK), Kingboard...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

In Depth: SPACs appear to lose shine in Singapore and Hong Kong. Chinese envoy warns U.S. against further escalating tensions over Taiwan

Caixin Global

CX Daily: Why Southeast Asia Is a Battleground in the Global China-U.S. Rivalry

Why Southeast Asia is a battleground in the global China-U.S. rivalry; China threatens ‘strong and resolute countermeasures’ to Pelosi Taiwan visit

Caixin Global

Bond Market Monitor: Not Out of the Woods

On-going maturity extensions and exchange offers will keep investors away from China. India and Indonesia should be a better bond destination for...

Bondcritic

HK Connect Flows Weekly (Jul 24th): Tencent, Knowledge Atlas, Kingboard Laminates, Ntes, Meituan

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Tencent (700 HK), Knowledge Atlas (2513 HK), Kingboard...

Ke Yan, CFA, FRM

Z Fin (1168 HK): Ou's "Fair" HK$6.60/Share Offer

This is an awful space to invest. 0.28x P/B appears a steal; but it's above the peer average. If illiquid arbs are your thing, pay up to HK$6.25...

David Blennerhassett