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.

Quantitative Analysis

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Feb 20th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period.</li>
<li>We highlight short changes in Alibaba, CCB, CNOOC, Time Interconnect Technology.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Feb 20th.
Top short increases and decreases were tabulated for one week and four week period.
We highlight short changes in Alibaba, CCB, CNOOC, Time Interconnect Technology.


HK Short Interest Weekly: Alibaba, CCB, CNOOC, Time Interconnect Technology

<ul>
<li>We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of January 16th.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight flows for Tencent, Kuaishou, China Mobile, Xiaomi, CCB, China Life, Meituan, Hua Hong Semiconductor, Hang Seng Bank, Laopu Gold.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of January 16th.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight flows for Tencent, Kuaishou, China Mobile, Xiaomi, CCB, China Life, Meituan, Hua Hong Semiconductor, Hang Seng Bank, Laopu Gold.


HK Connect Flows Weekly (Jan 16th): Tencent, Kuaishou, China Mobile, Xiaomi, CCB, China Life

Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Equity Derivatives

<ul>
<li>Third straight week in which HSI recorded a weekly absolute price change greater than 3%.</li>
<li>Breadth improved sharply, though single stock option volumes remained subdued. Strong North American market son Friday point to higher open for stocks on Monday. </li>
<li>A heavy slate of earnings reporters awaits in the week ahead.</li>
</ul>


Third straight week in which HSI recorded a weekly absolute price change greater than 3%.
Breadth improved sharply, though single stock option volumes remained subdued. Strong North American market son Friday point to higher open for stocks on Monday. 
A heavy slate of earnings reporters awaits in the week ahead.


Hong Kong Single Stock Options Weekly (Oct 20–24): Subdued Volumes Ahead of Busy Earnings Schedule

<ul>
<li>Single stock options showed early signs of stress, with both volumes and implied vols moving higher as Put trading outpaced Calls.</li>
<li>Breadth was weak across single names, with only 3 of 11 sectors trading higher.</li>
<li>We provide a table of earnings events for the week ahead.</li>
</ul>


Single stock options showed early signs of stress, with both volumes and implied vols moving higher as Put trading outpaced Calls.
Breadth was weak across single names, with only 3 of 11 sectors trading higher.
We provide a table of earnings events for the week ahead.


Hong Kong Single Stock Options Weekly (Oct 13 – 17): Option Stress Builds, Breadth Weakens

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jst-group" target="_blank" data-smartkarma-citation="entities:39885:1" rel="noopener">JST Group (1703609D CH)</a> is looking to raise up to US$270m in its upcoming Hong Kong IPO.</li>
<li>It is China’s largest and most popular e-commerce SaaS ERP provider. </li>
<li>In this note, we examine the IPO dynamics, and look at the firm’s valuation.</li>
</ul>



JST Group (1703609D CH) is looking to raise up to US$270m in its upcoming Hong Kong IPO.
It is China’s largest and most popular e-commerce SaaS ERP provider. 
In this note, we examine the IPO dynamics, and look at the firm’s valuation.


JST Group Pre-IPO: Premium to Peers but Potentially a Domestic “Shopify”

China

Kingdee International Software Group is a leading provider of cloud-based enterprise management SaaS solutions and enterprise resource planning (ERP) software. The company offers solutions for financial management, human resources, supply chain, and manufacturing, often powered by AI. It was established in 1993 and is headquartered in Shenzhen, China.

Kingdee International Software Group (268 HK)

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Kingdee International Software Group (268 HK)

HK Short Interest Weekly: Alibaba, CCB, CNOOC, Time Interconnect Technology

We analyzed the latest HK SFC report for aggregate short position as of Feb 20th and highlight short interest changes in Alibaba, CCB, CNOOC, Time...

Ke Yan, CFA, FRM

HK Connect Flows Weekly (Jan 16th): Tencent, Kuaishou, China Mobile, Xiaomi, CCB, China Life

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Tencent (700 HK), Kuaishou (1024 HK), China Mobile (941...

Ke Yan, CFA, FRM

Hong Kong Single Stock Options Weekly (Oct 20–24): Subdued Volumes Ahead of Busy Earnings Schedule

Hong Kong equities extended their rebound with stronger breadth and cooler volatility, setting the stage for a busy earnings week. Strong NA...

John Ley

Hong Kong Single Stock Options Weekly (Oct 13 – 17): Option Stress Builds, Breadth Weakens

Single stock options are showing signs of stress as Put trading surpasses Calls, while only 3 of 11 sectors are trading higher. Upcoming earnings...

John Ley

JST Group Pre-IPO: Premium to Peers but Potentially a Domestic “Shopify”

JST Group (JST) is looking to raise up to US$270m in its upcoming Hong Kong IPO. In this note, we examine the IPO dynamics, and look at the firm’s...

Nicholas Tan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

HK Short Interest Weekly: Alibaba, CCB, CNOOC, Time Interconnect Technology

We analyzed the latest HK SFC report for aggregate short position as of Feb 20th and highlight short interest changes in Alibaba, CCB, CNOOC, Time...

Ke Yan, CFA, FRM

HK Connect Flows Weekly (Jan 16th): Tencent, Kuaishou, China Mobile, Xiaomi, CCB, China Life

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Tencent (700 HK), Kuaishou (1024 HK), China Mobile (941...

Ke Yan, CFA, FRM

Hong Kong Single Stock Options Weekly (Oct 20–24): Subdued Volumes Ahead of Busy Earnings Schedule

Hong Kong equities extended their rebound with stronger breadth and cooler volatility, setting the stage for a busy earnings week. Strong NA...

John Ley

Hong Kong Single Stock Options Weekly (Oct 13 – 17): Option Stress Builds, Breadth Weakens

​Single stock options are showing signs of stress as Put trading surpasses Calls, while only 3 of 11 sectors are trading higher. Upcoming earnings...

John Ley

JST Group Pre-IPO: Premium to Peers but Potentially a Domestic “Shopify”

JST Group (JST) is looking to raise up to US$270m in its upcoming Hong Kong IPO. In this note, we examine the IPO dynamics, and look at the firm’s...

Nicholas Tan

Single stock options are showing signs of stress as Put trading surpasses Calls, while only 3 of 11 sectors are trading higher. Upcoming earnings...