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

Rikki Malik

Macroeconomics

<ul>
<li>Further weakness in the JPY poses a risk to RMB stability</li>
<li>If major stimulus is unleashed in China, it is likely the RMB will weaken</li>
<li>Continued incremental easing will benefit the economy in the long term but may disapoint equity investors looking for a quick fix despite Chinese data improving</li>
</ul>


Further weakness in the JPY poses a risk to RMB stability
If major stimulus is unleashed in China, it is likely the RMB will weaken
Continued incremental easing will benefit the economy in the long term but may disapoint equity investors looking for a quick fix despite Chinese data improving


Is a Major RMB Depreciation on the Cards?

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>The <a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">Hang Seng Index</a> is at a turning point: investors want to know if the current rally can continue into April.</li>
<li>Our MONTHLY seasonal matrix model indicates that to see the index rallying in April, usually we should have a negative close in March, so this week will be crucial. </li>
<li>Buy between 16281 and 15924 to ride the continuation of the rally in April.</li>
</ul>


The Hang Seng Index is at a turning point: investors want to know if the current rally can continue into April.
Our MONTHLY seasonal matrix model indicates that to see the index rallying in April, usually we should have a negative close in March, so this week will be crucial. 
Buy between 16281 and 15924 to ride the continuation of the rally in April.


EQD | The Hang Seng Index's Crucial Fork Is at the End of March

<ul>
<li>The <a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">Hang Seng Index</a> is rallying and could co higher this week but it seems there isn't much room to go really higher.</li>
<li>A good target to cover your LONG holdings would be 17500, for this coming week and/or the following week.</li>
<li>A pullback this coming week is also possible, so it's not sure the index can rally more from here, or at least not without some correction first.</li>
</ul>


The Hang Seng Index is rallying and could co higher this week but it seems there isn't much room to go really higher.
A good target to cover your LONG holdings would be 17500, for this coming week and/or the following week.
A pullback this coming week is also possible, so it's not sure the index can rally more from here, or at least not without some correction first.


EQD | Hang Seng (HSI): How Far Can It Rally Now?

<ul>
<li>Headline numbers disappoint investors hoping for a massive stimulus plan</li>
<li>"Around" 5 percent GDP growth should not be considered weak</li>
<li>Messages from the Two Sessions supports a positive outlook on China equity markets</li>
</ul>


Headline numbers disappoint investors hoping for a massive stimulus plan
"Around" 5 percent GDP growth should not be considered weak
Messages from the Two Sessions supports a positive outlook on China equity markets


China Two Sessions Output Gives Cause for Confidence

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul><li>Welcome to this week’s edition of our EM-angled editorial, which comes hot on the heels of the PBOC Key Ministry Briefing.</li><li>So, where better to turn first than China?</li><li>Findings in brief: More stimulus for the Chinese economy and markets; Spill-overs to manufacturing/China sensitive geographies and currencies; Both EM (particularly Asian) equity and FX appear cheap.</li></ul>

Welcome to this week’s edition of our EM-angled editorial, which comes hot on the heels of the PBOC Key Ministry Briefing.So, where better to turn first than China?Findings in brief: More stimulus for the Chinese economy and markets; Spill-overs to manufacturing/China sensitive geographies and currencies; Both EM (particularly Asian) equity and FX appear cheap.

EM Stimulus Showdown: From Beijing with Boost to EM?

Hong Kong

The Hang Seng Index is a free-float capitalization-weighted index of a selection of companies from the Stock Exchange of Hong Kong. The components of the index are divided into four subindices: Commerce and Industry, Finance, Utilities, and Properties. The index was developed with a base level of 100 as of July 31, 1964.

Hang Seng Index (HSI INDEX)

Is a Major RMB Depreciation on the Cards?

Potential signs of major stimulus excites markets but could weaken the RMB. Continued incremental easing in China may disappoint equity investors...

Rikki Malik

EQD | The Hang Seng Index's Crucial Fork Is at the End of March

Many investors are wondering if the Hang Seng Index rally can continue into April: the last week of March will be crucial to determine the index's...

Nico Rosti

EQD | Hang Seng (HSI): How Far Can It Rally Now?

Hang Seng Index rallying but may not have much room to go higher, target to cover LONG holdings at 17500 for next week, possible pullback ahead.

Nico Rosti

China Two Sessions Output Gives Cause for Confidence

While Investors may be disappointed by the lack of a major headline stimulus plan, the details offer more hope andvwe still believe China and...

Rikki Malik

EM Stimulus Showdown: From Beijing with Boost to EM?

Welcome to this week’s edition of our EM-angled editorial, which comes hot on the heels of the PBOC Key Ministry Briefing. So, where better to...

Steno Research

Is a Major RMB Depreciation on the Cards?

Potential signs of major stimulus excites markets but could weaken the RMB. Continued incremental easing in China may disappoint equity investors...

Rikki Malik

EQD | The Hang Seng Index's Crucial Fork Is at the End of March

Many investors are wondering if the Hang Seng Index rally can continue into April: the last week of March will be crucial to determine the index's...

Nico Rosti

EQD | Hang Seng (HSI): How Far Can It Rally Now?

​Hang Seng Index rallying but may not have much room to go higher, target to cover LONG holdings at 17500 for next week, possible pullback ahead.

Nico Rosti

China Two Sessions Output Gives Cause for Confidence

While ​Investors may be disappointed by the lack of a major headline stimulus plan, the details offer more hope andvwe still believe China and...

Rikki Malik

EM Stimulus Showdown: From Beijing with Boost to EM?

Welcome to this week’s edition of our EM-angled editorial, which comes hot on the heels of the PBOC Key Ministry Briefing. So, where better to...

Steno Research

Hang Seng Index rallying but may not have much room to go higher, target to cover LONG holdings at 17500 for next week, possible pullback ahead.

While Investors may be disappointed by the lack of a major headline stimulus plan, the details offer more hope andvwe still believe China and...