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

Thematic (Sector/Industry)

<ul>
<li>NTES US: &lt;Naraka Mobile&gt; to Officially Launch on July 25(+)</li>
<li>BABA US /SE US /MELI US /AMZN US /MGLU3 BZ: Leading Brazil retailer announces partnership with AliExpress (+/-/-/-/+)</li>
<li>Douyin/3690 HK/TCOM US: Douyin Raises Software Service Fees for Life Services (+/+)</li>
</ul>


NTES US: &lt;Naraka Mobile&gt; to Officially Launch on July 25(+)
BABA US /SE US /MELI US /AMZN US /MGLU3 BZ: Leading Brazil retailer announces partnership with AliExpress (+/-/-/-/+)
Douyin/3690 HK/TCOM US: Douyin Raises Software Service Fees for Life Services (+/+)


[Blue Lotus Daily - TMT Update]:NTES/BABA/SE/MELI/AMZN/MGLU3 BZ/690 HK/TCOM/700HK/BIDU/PDD/JD

Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Cross Asset Strategy

<ul>
<li>EMEA Momentum: EMEA is experiencing positive momentum across multiple countries, with record investments in the MENA region, strong momentum in Greece, Turkey reversing long-term declines, and Poland nearing new ownership highs.</li>
<li>Asian Stall: Significant underweight in India suggests caution among investors, China weights remain depressed, Indonesia maintains a strong consensus overweight.  Select ASEAN nations show signs of potential comeback.</li>
<li>LATAM Overweights: Investor sentiment in LATAM remains bullish, with Brazil and Mexico seeing most funds positioned overweight. Argentina hits new highs in fund ownership driven by strong conviction in MercadoLibre.</li>
</ul>


EMEA Momentum: EMEA is experiencing positive momentum across multiple countries, with record investments in the MENA region, strong momentum in Greece, Turkey reversing long-term declines, and Poland nearing new ownership highs.
Asian Stall: Significant underweight in India suggests caution among investors, China weights remain depressed, Indonesia maintains a strong consensus overweight.  Select ASEAN nations show signs of potential comeback.
LATAM Overweights: Investor sentiment in LATAM remains bullish, with Brazil and Mexico seeing most funds positioned overweight. Argentina hits new highs in fund ownership driven by strong conviction in MercadoLibre.


Active GEM Funds: Top-Down Country Positioning Latest

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>MercadoLibre recently reported its earnings for Q1 of 2024.</li><li>The company has continued its robust trend, with Brazil and Mexico being their primary growth engines.</li><li>Both markets recorded growth in Gross Merchandise Value (GMV) of approximately 30% YoY. This expansion was propelled by their strategic investments in tech infrastructure, targeted marketing campaigns, and focus on enhancing user experience.</li></ul>

MercadoLibre recently reported its earnings for Q1 of 2024.The company has continued its robust trend, with Brazil and Mexico being their primary growth engines.Both markets recorded growth in Gross Merchandise Value (GMV) of approximately 30% YoY. This expansion was propelled by their strategic investments in tech infrastructure, targeted marketing campaigns, and focus on enhancing user experience.

MercadoLibre Inc.: Expansion of Fintech Offerings

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>WisdomTree has dropped ESG considerations while selecting stocks for the EMXSOE, CHXSOE and WTEMXC indices.</li>
<li>That results in a lot of inclusions and fewer deletions across indices that will be implemented at the close on 15 March.</li>
<li>The round-trip trade across the indices will exceed US$500m with <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a> as the largest buy.</li>
</ul>


WisdomTree has dropped ESG considerations while selecting stocks for the EMXSOE, CHXSOE and WTEMXC indices.
That results in a lot of inclusions and fewer deletions across indices that will be implemented at the close on 15 March.
The round-trip trade across the indices will exceed US$500m with Tencent (700 HK) as the largest buy.


WisdomTree Indexes Special Rebalance: ESG Considerations Dropped

<ul><li>MercadoLibre Inc., a Latin America-based eCommerce platform, had an impressive financial performance in Q4 of 2023, ending the fiscal year on a high note.</li><li>The company saw a 42% increase in revenues, a considerable enhancement of its EBIT margin, and a steadfast growth in its base of active users, surpassing the 50 million mark in a single quarter for the first time.</li><li>This considerable growth was spearheaded by the company's Commerce and FinTech initiatives.</li></ul>

MercadoLibre Inc., a Latin America-based eCommerce platform, had an impressive financial performance in Q4 of 2023, ending the fiscal year on a high note.The company saw a 42% increase in revenues, a considerable enhancement of its EBIT margin, and a steadfast growth in its base of active users, surpassing the 50 million mark in a single quarter for the first time.This considerable growth was spearheaded by the company's Commerce and FinTech initiatives.

MercadoLibre Inc: Expanded Logistics Network

Brazil

MercadoLibre, Inc. operates an online trading site for the Latin American markets. The Company's website allows businesses and individuals to list items, conduct sales, and purchases online in either a fixed-price and auction format. MercadoLibre offers classified advertisements for motor vehicles, vessels, aircraft, and real estate, as well as online payment services.

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MercadoLibre (MELI US)

[Blue Lotus Daily - TMT Update]:NTES/BABA/SE/MELI/AMZN/MGLU3 BZ/690 HK/TCOM/700HK/BIDU/PDD/JD

Naraka Mobile set to launch on July 25, leading Brazil retailer partners with AliExpress, Douyin increases software service fees for life services.

Blue Lotus Research Institute

Active GEM Funds: Top-Down Country Positioning Latest

In this Top-Down Country report, we analyse regional and country allocations among the 355 equity funds in our analysis. Highlights from the report:

Steven Holden

MercadoLibre Inc.: Expansion of Fintech Offerings

MercadoLibre recently reported its earnings for Q1 of 2024. The company has continued its robust trend, with Brazil and Mexico being their primary...

Baptista Research

WisdomTree Indexes Special Rebalance: ESG Considerations Dropped

WisdomTree has dropped ESG considerations while selecting stocks for the EMXSOE, CHXSOE and WTEMXC indices. The round-trip trade will be over...

Brian Freitas

MercadoLibre Inc: Expanded Logistics Network

MercadoLibre Inc., a Latin America-based eCommerce platform, had an impressive financial performance in Q4 of 2023, ending the fiscal year on a...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Blue Lotus Daily - TMT Update]:NTES/BABA/SE/MELI/AMZN/MGLU3 BZ/690 HK/TCOM/700HK/BIDU/PDD/JD

​Naraka Mobile set to launch on July 25, leading Brazil retailer partners with AliExpress, Douyin increases software service fees for life services.

Blue Lotus Research Institute

Active GEM Funds: Top-Down Country Positioning Latest

In this Top-Down Country report, we analyse regional and country allocations among the 355 equity funds in our analysis. Highlights from the report:

Steven Holden

MercadoLibre Inc.: Expansion of Fintech Offerings

MercadoLibre recently reported its earnings for Q1 of 2024. The company has continued its robust trend, with Brazil and Mexico being their primary...

Baptista Research

WisdomTree Indexes Special Rebalance: ESG Considerations Dropped

WisdomTree has dropped ESG considerations while selecting stocks for the EMXSOE, CHXSOE and WTEMXC indices. The round-trip trade will be over...

Brian Freitas

MercadoLibre Inc: Expanded Logistics Network

MercadoLibre Inc., a Latin America-based eCommerce platform, had an impressive financial performance in Q4 of 2023, ending the fiscal year on a...

Baptista Research

Naraka Mobile set to launch on July 25, leading Brazil retailer partners with AliExpress, Douyin increases software service fees for life services.