Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Thematic (Sector/Industry)

<ul><li>CXL has made significant strides in server memory configurations, enhancing data access speeds and resource management capabilities.</li><li>SpaceX is initiating its IPO process, which could potentially value the company at an impressive $1.75 trillion in the market.</li><li>TCL's acquisition of a majority stake in Sony's home entertainment division marks a strategic global joint venture in the tech industry.</li></ul>

CXL has made significant strides in server memory configurations, enhancing data access speeds and resource management capabilities.SpaceX is initiating its IPO process, which could potentially value the company at an impressive $1.75 trillion in the market.TCL's acquisition of a majority stake in Sony's home entertainment division marks a strategic global joint venture in the tech industry.

Tech Supply Chain Tracker (03-Apr-2026): CXL advantages in server memory setup

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>Hong Kong market pullbacks with global markets due to war and oil price uncertainty.  HSI fell below 200 DMA but holds well above long-term support.</li>
<li>Value and dividend yield factors are outperforming in 2026.  The energy sector has overtaken the materials sector as the top performer year-to-date, with a 24% return.</li>
<li>
<a href="https://www.smartkarma.com/entities/techtronic-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:4561:1" rel="noopener">Techtronic Industries (669 HK)</a> is rated BUY by UBS and OVERWEIGHT by JP Morgan.   It is pursuing Asia and Latin America, aiming to be the dominant brand in these regions.
</li>
</ul>


Hong Kong market pullbacks with global markets due to war and oil price uncertainty.  HSI fell below 200 DMA but holds well above long-term support.
Value and dividend yield factors are outperforming in 2026.  The energy sector has overtaken the materials sector as the top performer year-to-date, with a 24% return.

Techtronic Industries (669 HK) is rated BUY by UBS and OVERWEIGHT by JP Morgan.   It is pursuing Asia and Latin America, aiming to be the dominant brand in these regions.



BUY/SELL/HOLD: Hong Kong Market Update (March 10)

<ul>
<li>Hong Kong had a strong January performance which saw a continuation of material sector outperformance.  China saw ETF outflows as the National Team sole and margin requirements were tightened.</li>
<li>Hong Kong's market continues to enjoy net inflows with the most active IPO market in the world.  </li>
<li>
<a href="https://www.smartkarma.com/entities/aux-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:45549:1" rel="noopener">Aux Electric (2580 HK)</a> share price is under pressure ahead of its lockup expiration on March 1st.  The HVAC supplier's share price has declined by 30% since its IPO.
</li>
</ul>


Hong Kong had a strong January performance which saw a continuation of material sector outperformance.  China saw ETF outflows as the National Team sole and margin requirements were tightened.
Hong Kong's market continues to enjoy net inflows with the most active IPO market in the world.  

Aux Electric (2580 HK) share price is under pressure ahead of its lockup expiration on March 1st.  The HVAC supplier's share price has declined by 30% since its IPO.



The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (February 22)

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, when we discussed that 5110-5120 on the S&amp;P 500 (SPX) was a bounce spot and a level to trade [long] against.</li>
<li>We'll maintain our bullish view as long as market dynamics remain healthy and SPX and ACWI-US are above 5500 and $115; we would be buyers on pullbacks to these levels.</li>
<li>We would also be buyers at 5700-5785 on SPX and $120-$121 on ACWI-US, which are shorter-term supports.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, when we discussed that 5110-5120 on the S&amp;P 500 (SPX) was a bounce spot and a level to trade [long] against.
We'll maintain our bullish view as long as market dynamics remain healthy and SPX and ACWI-US are above 5500 and $115; we would be buyers on pullbacks to these levels.
We would also be buyers at 5700-5785 on SPX and $120-$121 on ACWI-US, which are shorter-term supports.


MSCI ACWI (ACWI-US) Testing All-Time Highs; Buy Pullbacks to $120-$121 or $115 Supports. Many Buys

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>Skyworth’s monthly update confirms there has been "no substantial update since the Monthly Update Announcement dated 17 August 2026" and that it is "still preparing the listing application." </li>
<li>Skyworth is behind on every precedent's filing milestone; the lack of proof of filing Skyworth Photovoltaic’s application (AP) is now the standout red flag.</li>
<li>The delay could reflect unusually complex documentation or a sector policy risk resulting in informal regulatory discouragement before formal filing. Caution is warranted until the AP is filed. </li>
</ul>


Skyworth’s monthly update confirms there has been "no substantial update since the Monthly Update Announcement dated 17 August 2026" and that it is "still preparing the listing application." 
Skyworth is behind on every precedent's filing milestone; the lack of proof of filing Skyworth Photovoltaic’s application (AP) is now the standout red flag.
The delay could reflect unusually complex documentation or a sector policy risk resulting in informal regulatory discouragement before formal filing. Caution is warranted until the AP is filed. 


Skyworth (751 HK): Behind Every Precedent's Filing Clock

Hong Kong

TCL Electronics is a Chinese multinational corporation that specializes in the research, development, manufacturing, and distribution of consumer electronics. Its core products include televisions, mobile phones, air conditioners, washing machines, refrigerators, and smart home devices. The company was founded on November 26, 1999, and is headquartered in Hong Kong.

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TCL Electronics (1070 HK)

Tech Supply Chain Tracker (03-Apr-2026): CXL advantages in server memory setup

Recent tech and aerospace updates include CXL's memory advancements, SpaceX's IPO plans, TCL's Sony stake acquisition, Intel's stock buyback,...

Tech Supply Chain Tracker

BUY/SELL/HOLD: Hong Kong Market Update (March 10)

Hong Kong market pullbacks with global markets due to war and oil price uncertainty. HSI fell below 200 DMA but holds well above long-term support.

David Mudd

The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (February 22)

Hong Kong had a strong January performance which saw a continuation of material sector outperformance. China saw ETF outflows as the National Team...

David Mudd

MSCI ACWI (ACWI-US) Testing All-Time Highs; Buy Pullbacks to $120-$121 or $115 Supports. Many Buys

MSCI $ACWI Testing All-Time Highs; Buy Pullbacks to $120-$121 or $115 Supports; Bullish Outlook Intact. Discussed Thursday pre-market that a...

Vermilion Research

Skyworth (751 HK): Behind Every Precedent's Filing Clock

Skyworth is behind on every precedent's filing milestone; the lack of proof of filing Skyworth Photovoltaic’s application is now the standout red...

Arun George

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