Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
 <li>
<a href="https://smartkarma.com/entities/deepexi-technology-co-ltd-class-h">Deepexi Technology</a> is a high-growth enterprise AI solutions provider in China, capitalizing on the significant demand for digital transformation and operational efficiency across various industries.</li>
 <li>The company is demonstrating a powerful revenue trajectory, with sales more than doubling in the first half of 2026, driven by the strong uptake of its upgraded AI platform, DeepexiOS.</li>
 <li>Despite rapid top-line growth and improving gross margins, the company remains significantly unprofitable and faces intense competition from established technology giants and a crowded field of AI startups.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Deepexi Technology is a high-growth enterprise AI solutions provider in China, capitalizing on the significant demand for digital transformation and operational efficiency across various industries.
  The company is demonstrating a powerful revenue trajectory, with sales more than doubling in the first half of 2026, driven by the strong uptake of its upgraded AI platform, DeepexiOS.
  Despite rapid top-line growth and improving gross margins, the company remains significantly unprofitable and faces intense competition from established technology giants and a crowded field of AI startups.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Deepexi Technology (1384 HK) - Aug 2026

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

Contemporary Amperex Technology / Index Rebalance

Contemporary Amperex Technology (3750 HK)

<ul>
<li>On 10 August, Hang Seng Index launched a market consultation on potential changes to the <a href="https://www.smartkarma.com/entities/hang-seng-tech-index" target="_blank" data-smartkarma-citation="entities:31367:1" rel="noopener">Hang Seng TECH Index (HSTECH INDEX)</a> methodology.</li>
<li>If the proposals are approved, there will be 20 stocks added to the index in December creating a lot of flow and impact for the index constituents.</li>
<li>One way turnover is estimated at 13.4% leading to a round-trip trade of HK$73.3bn (US$9.3bn), so this could be implemented in a phased manner.</li>
</ul>


On 10 August, Hang Seng Index launched a market consultation on potential changes to the Hang Seng TECH Index (HSTECH INDEX) methodology.
If the proposals are approved, there will be 20 stocks added to the index in December creating a lot of flow and impact for the index constituents.
One way turnover is estimated at 13.4% leading to a round-trip trade of HK$73.3bn (US$9.3bn), so this could be implemented in a phased manner.


HSTECH Index: Market Consultation, 20 Adds in December, Trade of US$9.3bn

<ul>
<li>There are 53 adds and 28 deletes for the Hang Seng Composite Index (HSCI) at the March rebalance to take the number of index constituents up to 532.</li>
<li>We expect 44 of the 53 HSCI inclusions to be Stock Connect adds from the open on 9 March. 25 of the 28 deletions could be removed from Stock Connect.</li>
<li>On average, stocks that are expected to be added to Southbound Stock Connect have massively outperformed stocks that are expected to be removed from Southbound Stock Connect.</li>
</ul>


There are 53 adds and 28 deletes for the Hang Seng Composite Index (HSCI) at the March rebalance to take the number of index constituents up to 532.
We expect 44 of the 53 HSCI inclusions to be Stock Connect adds from the open on 9 March. 25 of the 28 deletions could be removed from Stock Connect.
On average, stocks that are expected to be added to Southbound Stock Connect have massively outperformed stocks that are expected to be removed from Southbound Stock Connect.


HSCI Index Rebalance: 53 Adds, 28 Deletes, Changes to Southbound Stock Connect & BIG Outperformance

APAC IPOs & Placements, Aequitas Research

Hong Jie Seow

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Deepexi Technology / Equity Capital Markets

<ul>
<li>Deepexi Technology is looking to raise US$100m in its upcoming Hong Kong IPO.</li>
<li>Deepexi Tech has demonstrated strong topline growth, with declines in average order value being offset by growth in customers. Despite growth in the topline, the company still remains deeply unprofitable. </li>
<li>In this note, we look at the company’s past performance.</li>
</ul>


Deepexi Technology is looking to raise US$100m in its upcoming Hong Kong IPO.
Deepexi Tech has demonstrated strong topline growth, with declines in average order value being offset by growth in customers. Despite growth in the topline, the company still remains deeply unprofitable. 
In this note, we look at the company’s past performance.


Deepexi Technology Pre-IPO: Decent Topline Growth But Still Unprofitable

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>The Hong Kong Alpha portfolio beat the Hong Kong indexes in June and was flat to its benchmark with a loss of 6.98%.</li>
<li>The Hong Kong market experienced heavy selling in the second half of June, as both foreign and mainland investors reduced their exposure.</li>
<li>At the end of June, we sold positions in the electric utilities, technology, consumer, and property sectors. We added positions in the broker, biotech, telecom, and industrial sectors.</li>
</ul>


The Hong Kong Alpha portfolio beat the Hong Kong indexes in June and was flat to its benchmark with a loss of 6.98%.
The Hong Kong market experienced heavy selling in the second half of June, as both foreign and mainland investors reduced their exposure.
At the end of June, we sold positions in the electric utilities, technology, consumer, and property sectors. We added positions in the broker, biotech, telecom, and industrial sectors.


China

Deepexi Technology is an enterprise large-model artificial intelligence (AI) application solution provider. It offers AI-driven solutions, including its FastData Foil Data Fusion Platform and FastAGI enterprise AI solutions, to help businesses integrate data, optimize decision-making, and improve operational efficiency across sectors like consumer goods, manufacturing, healthcare, and transportation. The company was founded in 2018 and is headquartered in Beijing, China.

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Deepexi Technology (1384 HK)

Primer: Deepexi Technology (1384 HK) - Aug 2026

Deepexi Technology is a high-growth enterprise AI solutions provider in China, capitalizing on the significant demand for digital...

αSK Primers

HSTECH Index: Market Consultation, 20 Adds in December, Trade of US$9.3bn

Following a market consult, there could be 20 adds for the index in Dec leading to a one-way turnover of 13.4% and a round-trip trade of US$9.3bn....

Brian Freitas

HSCI Index Rebalance: 53 Adds, 28 Deletes, Changes to Southbound Stock Connect & BIG Outperformance

There are 53 adds and 28 deletes for the HSCI in March. For Stock Connect, we expect 44 adds and 25 deletes. The forecast Connect adds have...

Brian Freitas

Deepexi Technology Pre-IPO: Decent Topline Growth But Still Unprofitable

Deepexi Technology plans to raise US$100m in Hong Kong IPO despite remaining deeply unprofitable, with strong topline growth driven by increased...

Hong Jie Seow

HONG KONG ALPHA PORTFOLIO: (June 2026)

At mid-month, we note that pc makers are passing on higher chip and component costs to consumers. For this reason, we sold our positions in Lenovo...

David Mudd

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Primer: Deepexi Technology (1384 HK) - Aug 2026

Deepexi Technology is a high-growth enterprise AI solutions provider in China, capitalizing on the significant demand for digital...

αSK Primers

HSTECH Index: Market Consultation, 20 Adds in December, Trade of US$9.3bn

Following a market consult, there could be 20 adds for the index in Dec leading to a one-way turnover of 13.4% and a round-trip trade of US$9.3bn....

Brian Freitas

HSCI Index Rebalance: 53 Adds, 28 Deletes, Changes to Southbound Stock Connect & BIG Outperformance

There are 53 adds and 28 deletes for the HSCI in March. For Stock Connect, we expect 44 adds and 25 deletes. The forecast Connect adds have...

Brian Freitas

Deepexi Technology Pre-IPO: Decent Topline Growth But Still Unprofitable

​Deepexi Technology plans to raise US$100m in Hong Kong IPO despite remaining deeply unprofitable, with strong topline growth driven by increased...

Hong Jie Seow

HONG KONG ALPHA PORTFOLIO: (June 2026)

At mid-month, we note that pc makers are passing on higher chip and component costs to consumers. For this reason, we sold our positions in Lenovo...

David Mudd

Deepexi Technology plans to raise US$100m in Hong Kong IPO despite remaining deeply unprofitable, with strong topline growth driven by increased...