Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Derivatives

Contemporary Amperex Technology / Equity Derivatives

Contemporary Amperex Technology (3750 HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/contemporary-amperex-technology-catl-co-limited" target="_blank" data-smartkarma-citation="entities:45179:1" rel="noopener">Contemporary Amperex Technology (CATL) (3750 HK)</a> discounted H-share placement triggered a sharp drop, but the capital raise appears opportunistic rather than defensive, funding global expansion and zero-carbon initiatives.</li>
<li>CATL A-Share <a href="https://www.smartkarma.com/entities/contemporary-amperex-technolog" target="_blank" data-smartkarma-citation="entities:24404:1" rel="noopener">(300750 CH)</a> resilience suggests the H-share weakness may be largely placement-specific rather than a broader reassessment of CATL’s long-term outlook, leaving scope for a rebound from depressed levels.</li>
<li>Elevated, but not excessive, implied volatility supports a potential put-underwriting strategy for investors who expect limited further downside in the H-Shares and possible volatility normalisation.</li>
</ul>



Contemporary Amperex Technology (CATL) (3750 HK) discounted H-share placement triggered a sharp drop, but the capital raise appears opportunistic rather than defensive, funding global expansion and zero-carbon initiatives.
CATL A-Share (300750 CH) resilience suggests the H-share weakness may be largely placement-specific rather than a broader reassessment of CATL’s long-term outlook, leaving scope for a rebound from depressed levels.
Elevated, but not excessive, implied volatility supports a potential put-underwriting strategy for investors who expect limited further downside in the H-Shares and possible volatility normalisation.


CATL H-Share (3750 HK) Placement Dip Opens Put-Underwriting Setup

Asia Pac ECM and Index Rebal, DZT Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT 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 analysed the earning revision of component stocks of CSI 300 in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Cosco Shipping, Longi Green, Tongwei, China Railway, Trina Solar, Xinjiang Daqo, TCL Zhonghuan, Jiangsu Eastern Shenghong.</li>
</ul>


We analysed the earning revision of component stocks of CSI 300 in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Cosco Shipping, Longi Green, Tongwei, China Railway, Trina Solar, Xinjiang Daqo, TCL Zhonghuan, Jiangsu Eastern Shenghong.


CSI 300 Earning Revision Analysis (May): Cosco Shipping, Longi Green, Tongwei, China Railway

Hong Kong

iShares Core CSI 300 ETF is an exchange-traded fund established in Hong Kong. The investment objective of the iShares CSI 300 A-Share Index ETF is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI 300 Index.

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52-week Range	0.00 - 0.00
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iShares Core CSI 300 ETF (2846 HK)

CSI 300 Earning Revision Analysis (May): Cosco Shipping, Longi Green, Tongwei, China Railway

We analyzed CSI 300's consensus for May 2025 and highlighted changes of EPS in Cosco Shipping (601919 CH), Longi Green (601012 CH), Tongwei (600438...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

CATL H-Share (3750 HK) Placement Dip Opens Put-Underwriting Setup

CATL H-shares (3750 HK) have rebounded from their post-placement lows but still trade below the pre-offering level. With IV still in the low 40s,...

Gaudenz Schneider

CSI 300 Earning Revision Analysis (May): Cosco Shipping, Longi Green, Tongwei, China Railway

We analyzed CSI 300's consensus for May 2025 and highlighted changes of EPS in Cosco Shipping (601919 CH), Longi Green (601012 CH), Tongwei (600438...

Ke Yan, CFA, FRM