Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Cross Asset Strategy

<ul>
<li>A review of recent events/data  impacting our investment themes or outlook</li>
<li>Expectations for future US interest rate cuts get dialed back - JPY impact</li>
<li>CFTC data shows speculative froth has come out of some markets</li>
</ul>


A review of recent events/data  impacting our investment themes or outlook
Expectations for future US interest rate cuts get dialed back - JPY impact
CFTC data shows speculative froth has come out of some markets


Overview #7 Speculative Positioning Review

Equity Bottom-Up

<ul>
<li>In H1 2024 Profits and cash flow grew year over year</li>
<li>Overall, operations tracking in line with previous guidance with some cost savings</li>
<li>The key is the copper price which is closer to bottoming</li>
</ul>


In H1 2024 Profits and cash flow grew year over year
Overall, operations tracking in line with previous guidance with some cost savings
The key is the copper price which is closer to bottoming


Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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.

Quantitative Analysis

<ul>
<li>We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of August 2nd.</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, China Petroleum &amp; Chemical Corporation, BOC, Power Assets, HSBC, China Mobile.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of August 2nd.
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, China Petroleum &amp; Chemical Corporation, BOC, Power Assets, HSBC, China Mobile.


Hong Kong Connect Flows (Aug 2nd): Tencent, China Petroleum & Chemical Corporation, Power Assets

<ul>
<li>We analyze the monthly Hong Kong Connect flows with our data engine.</li>
<li>We tabulate the top stocks by inflows, outflows, and holding by mainland investors.</li>
<li>We highlight inflows into ICBC, Tencent, CCB, Yankuang, Sinopec, and outflows from HSBC, Meituan, HKEx, China Hongqiao, CNOOC. </li>
</ul>


We analyze the monthly Hong Kong Connect flows with our data engine.
We tabulate the top stocks by inflows, outflows, and holding by mainland investors.
We highlight inflows into ICBC, Tencent, CCB, Yankuang, Sinopec, and outflows from HSBC, Meituan, HKEx, China Hongqiao, CNOOC. 


Hong Kong Connect Flows (July): 11 Months of Inflows

<ul>
<li>Gold has signalled a false breakout and is likely to tread water for a couple of months.</li>
<li>More strength ahead for the Japanese Yen and weakness for the Japanese markets?</li>
<li>Copper signals further lows to come unless it rallies soon</li>
</ul>


Gold has signalled a false breakout and is likely to tread water for a couple of months.
More strength ahead for the Japanese Yen and weakness for the Japanese markets?
Copper signals further lows to come unless it rallies soon


False Breakouts and Breakdowns - The Nikkei, Gold, Copper and the JPY

Australia

MMG Limited is a mid-tier global resources company which explores, develops and mines base metal projects around the world.  The Company currently owns and operates the Century, Golden Grove and Rosebery mines in Australia, the Kinsevere mine in the Democratic Republic of Congo (DRC) and the LXML Sepon mine in Laos.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

MMG (1208 HK)

Overview #7 Speculative Positioning Review

Recent events/data have led to a dialing back of expectations for US interest rate cuts, while CFTC data indicates a decrease in speculative...

Rikki Malik

MMG Limited Releases Interim Results

Profits and cash flow increased in H1 2024, operations on track with cost savings, key focus on copper price nearing bottom.

Rikki Malik

Hong Kong Connect Flows (Aug 2nd): Tencent, China Petroleum & Chemical Corporation, Power Assets

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Tencent, China Petroleum & Chemical Corporation, BOC,...

Ke Yan, CFA, FRM

Hong Kong Connect Flows (July): 11 Months of Inflows

We analyzed the Hong Kong Connect Scheme for July and highlighted inflows into ICBC, Tencent, CCB, Yankuang, Sinopec, and outflows from HSBC,...

Ke Yan, CFA, FRM

False Breakouts and Breakdowns - The Nikkei, Gold, Copper and the JPY

Gold's false breakout may lead to a period of stagnation, while the Japanese Yen strengthens and copper faces potential new lows.

Rikki Malik

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Overview #7 Speculative Positioning Review

​Recent events/data have led to a dialing back of expectations for US interest rate cuts, while CFTC data indicates a decrease in speculative...

Rikki Malik

MMG Limited Releases Interim Results

​Profits and cash flow increased in H1 2024, operations on track with cost savings, key focus on copper price nearing bottom.

Rikki Malik

Hong Kong Connect Flows (Aug 2nd): Tencent, China Petroleum & Chemical Corporation, Power Assets

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Tencent, China Petroleum & Chemical Corporation, BOC,...

Ke Yan, CFA, FRM

Hong Kong Connect Flows (July): 11 Months of Inflows

We analyzed the Hong Kong Connect Scheme for July and highlighted inflows into ICBC, Tencent, CCB, Yankuang, Sinopec, and outflows from HSBC,...

Ke Yan, CFA, FRM

False Breakouts and Breakdowns - The Nikkei, Gold, Copper and the JPY

​Gold's false breakout may lead to a period of stagnation, while the Japanese Yen strengthens and copper faces potential new lows.

Rikki Malik

Recent events/data have led to a dialing back of expectations for US interest rate cuts, while CFTC data indicates a decrease in speculative...

Profits and cash flow increased in H1 2024, operations on track with cost savings, key focus on copper price nearing bottom.

Gold's false breakout may lead to a period of stagnation, while the Japanese Yen strengthens and copper faces potential new lows.