Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<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)

Guangzhou Automobile Group / Event-Driven

<ul>
<li>AH premia flat again among liquid names but "beautiful skew" of wide premia converging more than narrow premia continues bigly. It still pays well to be long wide H discounts.</li>
<li>Weeks ago I said, "It has paid to be long the H on those H/A pairs with the biggest H discounts. I would continue to ride that trend." Ride on.</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 Monitor</a> are both there free for SK readers.</li>
</ul>


AH premia flat again among liquid names but "beautiful skew" of wide premia converging more than narrow premia continues bigly. It still pays well to be long wide H discounts.
Weeks ago I said, "It has paid to be long the H on those H/A pairs with the biggest H discounts. I would continue to ride that trend." Ride on.
The data tables below update on a daily basis in the Tools section of Smartkarma. The SOUTHBOUND Flow Monitor and AH Monitor are both there free for SK readers.


A/H Premium Tracker (To 18 July 2025):  "Beautiful Skew" Continues Some More

<ul>
<li>AH premia flat among liquid names but "beautiful skew" of wide premia converging more than narrow premia continues bigly. It has paid well to be long wide H discounts.</li>
<li>Weeks ago I said, "It has paid to be long the H on those H/A pairs with the biggest H discounts. I would continue to ride that trend." Ride on.</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 Monitor</a> are both there free for SK readers. </li>
</ul>


AH premia flat among liquid names but "beautiful skew" of wide premia converging more than narrow premia continues bigly. It has paid well to be long wide H discounts.
Weeks ago I said, "It has paid to be long the H on those H/A pairs with the biggest H discounts. I would continue to ride that trend." Ride on.
The data tables below update on a daily basis in the Tools section of Smartkarma. The SOUTHBOUND Flow Monitor and AH Monitor are both there free for SK readers. 


A/H Premium Tracker (To 11 July 2025):  "Beautiful Skew" Continues - BIG AH Premia Compression

<ul>
<li>AH premia gives back previous week gains but the "beautiful skew" of wide premia converging more than narrow premia continues. It has paid to be long wide H discounts.</li>
<li>It has paid to be long the H on those H/A pairs with the biggest H discounts. I would continue to ride that trend.</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 Monitor</a> are both there free for SK readers. Technical issue delayed this week's Monitor.</li>
</ul>


AH premia gives back previous week gains but the "beautiful skew" of wide premia converging more than narrow premia continues. It has paid to be long wide H discounts.
It has paid to be long the H on those H/A pairs with the biggest H discounts. I would continue to ride that trend.
The data tables below update on a daily basis in the Tools section of Smartkarma. The SOUTHBOUND Flow Monitor and AH Monitor are both there free for SK readers. Technical issue delayed this week's Monitor.


A/H Premium Tracker (To 27 June 2025):  "Beautiful Skew" Continues as SB Buys, AH Premia Fall Back

<ul>
<li>AH spreads are SHARPLY narrower. The effect is dramatic across the "skew" i.e. very wide AH premia contracted more than very narrow premia. BYD is on its own.</li>
<li>This smells very much like someone knows something. I expect RMB dual counters may be in the works. Caixin had an <a href="https://www.caixinglobal.com/2025-06-13/cx-briefing-yuan-trading-of-hong-kong-stocks-expected-for-mainland-investors-102330224.html" target="_blank" rel="noopener">article</a> 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 Monitor</a> are both there free for SK readers.</li>
</ul>


AH spreads are SHARPLY narrower. The effect is dramatic across the "skew" i.e. very wide AH premia contracted more than very narrow premia. BYD is on its own.
This smells very much like someone knows something. I expect RMB dual counters may be in the works. Caixin had an article Friday.
The data tables below update on a daily basis in the Tools section of Smartkarma. The SOUTHBOUND Flow Monitor and AH Monitor are both there free for SK readers.


A/H Premium Tracker (To 13 June 2025):  HUGE H-Share Outperf Across The Board, "Beautiful Skew Move"

China

Guangzhou Automobile Group Company, Ltd. manufactures, sells, and services automobiles. The Company is also involved in automobile parts and components, and auto finance and related services for both overseas and domestic markets.

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

Guangzhou Automobile Group (2238 HK)

A/H Premium Tracker (To 18 July 2025): "Beautiful Skew" Continues Some More

Beautiful Skew (much sharper narrowing of AH Premia among wide premia than narrow premia pairs) continues its march. Convergence remains VERY...

Travis Lundy

A/H Premium Tracker (To 11 July 2025): "Beautiful Skew" Continues - BIG AH Premia Compression

Beautiful Skew continues in the AH Premia World with large AH premium names seeing greater H outperformance. High SB volumes Thurs/Fri especially...

Travis Lundy

A/H Premium Tracker (To 27 June 2025): "Beautiful Skew" Continues as SB Buys, AH Premia Fall Back

"Beautiful Skew" (highest premia among liquid AH see their H outperform (i.e. the discount shrinks) more than other AH pairs) continues. I would...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

A/H Premium Tracker (To 18 July 2025): "Beautiful Skew" Continues Some More

Beautiful Skew (much sharper narrowing of AH Premia among wide premia than narrow premia pairs) continues its march. Convergence remains VERY...

Travis Lundy

A/H Premium Tracker (To 11 July 2025): "Beautiful Skew" Continues - BIG AH Premia Compression

Beautiful Skew continues in the AH Premia World with large AH premium names seeing greater H outperformance. High SB volumes Thurs/Fri especially...

Travis Lundy

A/H Premium Tracker (To 27 June 2025): "Beautiful Skew" Continues as SB Buys, AH Premia Fall Back

"Beautiful Skew" (highest premia among liquid AH see their H outperform (i.e. the discount shrinks) more than other AH pairs) continues. I would...

Travis Lundy

A/H Premium Tracker (To 13 June 2025): HUGE H-Share Outperf Across The Board, "Beautiful Skew Move"

H-shares outperform A-shares dramatically with "beautiful skew" as very wide AH premia shrink most, medium less, smallest premia the least. Feels...

Travis Lundy