HK/China Equity Long-Short

Osbert Tang, CFA

Thematic (Sector/Industry)

<ul>
<li>The HSI has already recovered to 2.2% above the pre-"reciprocal tariff" level, and the top 10 best-performing constituents have registered an average return of 15.6%.</li>
<li>Despite so, there are still 40 under-performing stocks, with 32 of them remain in the negative zone with an average of 4.8% loss. </li>
<li>Among them, <a href="https://www.smartkarma.com/entities/zto-express-cayman-inc" target="_blank" data-smartkarma-citation="entities:33488:1" rel="noopener">ZTO Express Cayman (2057 HK)</a>, <a href="https://www.smartkarma.com/entities/budweiser-brewing-co-apac-ltd" target="_blank" data-smartkarma-citation="entities:28077:1" rel="noopener">Budweiser Brewing APAC (1876 HK)</a>, <a href="https://www.smartkarma.com/entities/byd-electronic-international-co-ltd" target="_blank" data-smartkarma-citation="entities:1927:1" rel="noopener">BYD Electronics (285 HK)</a>, and <a href="https://www.smartkarma.com/entities/meituan" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> look well-positioned to catch up.</li>
</ul>


The HSI has already recovered to 2.2% above the pre-"reciprocal tariff" level, and the top 10 best-performing constituents have registered an average return of 15.6%.
Despite so, there are still 40 under-performing stocks, with 32 of them remain in the negative zone with an average of 4.8% loss. 
Among them, ZTO Express Cayman (2057 HK), Budweiser Brewing APAC (1876 HK), BYD Electronics (285 HK), and Meituan (3690 HK) look well-positioned to catch up.


HK Strategy: What Are Some of the HSI Laggards to Pick Up?

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

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Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

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BABA US: Ele.me's Retail Digital System Integrated into Taobao Instashopping (+)
JD US/3690 HK: JD, Meituan, Ele.me Summoned by Government (///)


[Blue Lotus Daily-TMT Update]:BABA US/JD US/3690 HK/PDD US/Red Note/BILI US/1810 HK

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Exporters / In Depth: China’s exporters get more help to withstand Trump’s trade warChina-U.S. /: U.S. tariff relief offers limited reprieve for Chinese small-parcel exportersTakeaway /In Depth: JD.com wants to unseat China’s takeout king

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<ul>
<li>JD US/3690 HK:Both JD and Metiuan Raise Standards for Premium Food Delivery (+)</li>
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<li>BILI US: Bilibili Launches New AI Advertising Tool “Insight Agent” (+)</li>
</ul>


JD US/3690 HK:Both JD and Metiuan Raise Standards for Premium Food Delivery (+)
700 HK/1024 HK: Tencent Releases Multimodal Video Generation AI Model Hunyuan Custom (+/-)
BILI US: Bilibili Launches New AI Advertising Tool “Insight Agent” (+)


[Blue Lotus Daily-TMT Update]:JD US/3690 HK/700 HK/1024 HK/BILI US/BIDU US/BABA US

China

JD.com is a Chinese e-commerce company and a supply chain-based technology and service provider. It offers a wide range of products through its online retail platform, including electronics, general merchandise, and fresh food, complemented by its logistics and digital health services. Headquartered in Beijing, China, the company was founded in 1998.

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JD.com (9618 HK)

HK Strategy: What Are Some of the HSI Laggards to Pick Up?

HSI has rebounded above pre-reciprocal tariff levels, with top stocks up 15.6%. However, 32 stocks remain negative, with ZTO Express, Budweiser...

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TOP STORIES Hospitals / In Depth: China’s public hospitals face debt crisis amid health care reforms In the autumn of 2024, a public hospital in...

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[Blue Lotus Daily-TMT Update]:BABA US/JD US/3690 HK/PDD US/Red Note/BILI US/1810 HK

Alibaba's Qwen Team to offer AGI-like deep research for free, Ele.me's retail system integrated into Taobao Instashopping, JD, Meituan, Ele.me...

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Caixin Global

[Blue Lotus Daily-TMT Update]:JD US/3690 HK/700 HK/1024 HK/BILI US/BIDU US/BABA US

JD and Meituan raise standards for premium food delivery, Tencent releases new AI model, Bilibili launches AI advertising tool.

Blue Lotus Research Institute

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HK Strategy: What Are Some of the HSI Laggards to Pick Up?

​HSI has rebounded above pre-reciprocal tariff levels, with top stocks up 15.6%. However, 32 stocks remain negative, with ZTO Express, Budweiser...

Osbert Tang, CFA

CX Daily: China’s Public Hospitals Face Debt Crisis Amid Health Care Reforms

TOP STORIES Hospitals / In Depth: China’s public hospitals face debt crisis amid health care reforms In the autumn of 2024, a public hospital in...

Caixin Global

[Blue Lotus Daily-TMT Update]:BABA US/JD US/3690 HK/PDD US/Red Note/BILI US/1810 HK

​Alibaba's Qwen Team to offer AGI-like deep research for free, Ele.me's retail system integrated into Taobao Instashopping, JD, Meituan, Ele.me...

Blue Lotus Research Institute

CX Daily: China’s Exporters Get More Help to Withstand Trump’s Trade War

TOP STORIES Exporters / In Depth: China’s exporters get more help to withstand Trump’s trade war Uncertainty over the outlook for China’s exports...

Caixin Global

[Blue Lotus Daily-TMT Update]:JD US/3690 HK/700 HK/1024 HK/BILI US/BIDU US/BABA US

​JD and Meituan raise standards for premium food delivery, Tencent releases new AI model, Bilibili launches AI advertising tool.

Blue Lotus Research Institute

HSI has rebounded above pre-reciprocal tariff levels, with top stocks up 15.6%. However, 32 stocks remain negative, with ZTO Express, Budweiser...

Alibaba's Qwen Team to offer AGI-like deep research for free, Ele.me's retail system integrated into Taobao Instashopping, JD, Meituan, Ele.me...

JD and Meituan raise standards for premium food delivery, Tencent releases new AI model, Bilibili launches AI advertising tool.