Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Equity Capital Markets

SHEIN Global Holdings / Equity Capital Markets

<ul>
<li>More than three years after her arrest, Lijuan Chen was sentenced to 30 months in prison</li>
<li>The California woman ran a scheme linked to tens of millions of parcels from China</li>
<li>We believe US Feds may develop case against the companies who benefited from the fraud</li>
</ul>


More than three years after her arrest, Lijuan Chen was sentenced to 30 months in prison
The California woman ran a scheme linked to tens of millions of parcels from China
We believe US Feds may develop case against the companies who benefited from the fraud


Head of US$150M Postage Fraud Scheme Tied to Chinese EComm Parcels Sentenced to Prison in California

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

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.

Index Rebalance

<ul>
<li>Hang Seng Indexes added three stocks in the May review. The first implementation week is complete, and we review current-cycle performance vs history.</li>
<li>All three ADDs fell in the first implementation week. The cohort averaged -4.1%, vs the historical ADD mean of -0.6%.</li>
<li>The pre-implementation base rates held for the two negative-bridge names. Weeks 2 to 4 then split the cohort: Chalco fell -26.6% while J&amp;T Express and BeOne Medicines rebounded.</li>
</ul>


Hang Seng Indexes added three stocks in the May review. The first implementation week is complete, and we review current-cycle performance vs history.
All three ADDs fell in the first implementation week. The cohort averaged -4.1%, vs the historical ADD mean of -0.6%.
The pre-implementation base rates held for the two negative-bridge names. Weeks 2 to 4 then split the cohort: Chalco fell -26.6% while J&amp;T Express and BeOne Medicines rebounded.


HSI June 2026 Index Rebalance: Post-Implementation Review

Quantitative Analysis

<ul>
<li>We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Jul 3rd based on HKEx daily reports.</li>
<li>In the past 7 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), Li Auto (2015 HK), Xiaomi (1810 HK).</li>
<li>In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), AIA (1299 HK), Li Auto (2015 HK).</li>
</ul>


We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Jul 3rd based on HKEx daily reports.
In the past 7 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), Li Auto (2015 HK), Xiaomi (1810 HK).
In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), AIA (1299 HK), Li Auto (2015 HK).


Hong Kong Buybacks Weekly (Jul 3rd): Tencent, Li Auto, Xiaomi, Meituan

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>HSCEI serves as a benchmark to reflect the overall performance of the top 50 "Mainland China" securities listed in Hong Kong.</li>
<li>The reference period is now complete. We have presented our final expectations in this insight.</li>
<li>We expect one ADD/DEL and we estimate one-way flows of ~US$267mn.</li>
</ul>


HSCEI serves as a benchmark to reflect the overall performance of the top 50 "Mainland China" securities listed in Hong Kong.
The reference period is now complete. We have presented our final expectations in this insight.
We expect one ADD/DEL and we estimate one-way flows of ~US$267mn.


Quiddity Leaderboard HSCEI Sep26: Final Ranks; One Change Expected

<ul>
<li>We analysed the earning revision of component stocks of HSI 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 TENCENT, AIA, PETROCHINA, LONGFOR, TRIP.COM, MEITUAN.</li>
</ul>


We analysed the earning revision of component stocks of HSI 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 TENCENT, AIA, PETROCHINA, LONGFOR, TRIP.COM, MEITUAN.


HSI Index Earning Revision (Jun): TENCENT, AIA, PETROCHINA, LONGFOR, TRIP.COM, MEITUAN

China

J&T Global Express is an investment holding company primarily engaged in providing integrated express delivery and global logistics services. The company offers parcel sorting, line-haul transportation, dispatching, cross-border services, and cash-on-delivery. It was founded in 2015 and is headquartered in Shanghai, China.

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J&T Global Express (1519 HK)

Head of US$150M Postage Fraud Scheme Tied to Chinese EComm Parcels Sentenced to Prison in California

Leader of US international postage fraud tied to Chinese ecomm parcels has finally been sentenced to prison (and restitution). But Feds may still...

Tracking Traffic

HSI June 2026 Index Rebalance: Post-Implementation Review

HSI June 2026 rebalance has passed the first post-implementation week. We review what worked, what did not, and how current results compare with...

Ke Yan, CFA, FRM

Hong Kong Buybacks Weekly (Jul 3rd): Tencent, Li Auto, Xiaomi, Meituan

We analyzed the Hong Kong buyback data in the past week and highlight the top 3 companies that repurchased the most shares were Tencent (700 HK),...

Ke Yan, CFA, FRM

Quiddity Leaderboard HSCEI Sep26: Final Ranks; One Change Expected

The highest-ranked potential ADD Hua Hong Semiconductor (1347 HK) is ranked 38th and we see this as an ADD. The stock is up 520% over the past year...

Janaghan Jeyakumar, CFA

HSI Index Earning Revision (Jun): TENCENT, AIA, PETROCHINA, LONGFOR, TRIP.COM, MEITUAN

We analyzed HSI's consensus for Jun 2026 and highlighted changes of EPS in TENCENT, AIA, PETROCHINA, LONGFOR, TRIP.COM, MEITUAN.

Ke Yan, CFA, FRM

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52-week Range

Market Cap (USDm)

P/E

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