Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Equity Bottom-Up

<ul>
<li>Hong Kong markets continue to outperform globally this year with short selling declining and mainland buying increasing.  These trends should accelerate going into next year.</li>
<li>
<a href="https://www.smartkarma.com/entities/sun-art-retail-group-ltd" target="_blank" data-smartkarma-citation="entities:401:1" rel="noopener">Sun Art Retail (6808 HK)</a>resumed trading after announcing that the company is entertaining one or more potential acquisition plans for the company.  The company also announced strong 1H25 earnings.
</li>
<li>
<a href="https://www.smartkarma.com/entities/shanghai-electric-group-company-limited-d542164d-4d5a-4ce0-b33e-5fe6bc34722c" target="_blank" data-smartkarma-citation="entities:8777:1" rel="noopener">Shanghai Electric Group Company (2727 HK) </a>announce a buyback plan for 10% of A and H shares outstanding.  The company also announced the acquisition of the China Fanuc robotics business.
</li>
</ul>


Hong Kong markets continue to outperform globally this year with short selling declining and mainland buying increasing.  These trends should accelerate going into next year.

Sun Art Retail (6808 HK)resumed trading after announcing that the company is entertaining one or more potential acquisition plans for the company.  The company also announced strong 1H25 earnings.


Shanghai Electric Group Company (2727 HK) announce a buyback plan for 10% of A and H shares outstanding.  The company also announced the acquisition of the China Fanuc robotics business.



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

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Time Interconnect Technology / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/time-interconnect-technology" target="_blank" data-smartkarma-citation="entities:34829:1" rel="noopener">Time Interconnect Technology (1729 HK)</a> is currently <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0204/2022020400169.pdf" target="_blank" rel="noopener">suspended</a> "pursuant to The Hong Kong Code on Takeovers and Mergers".</li>
<li>Paul Lo, the chairman, recently increased his stake to ~75% of shares out. A large parcel of shares moved into CCASS late last month. </li>
<li>Paul Lo, if he is the Offeror, is unlikely to table an Offer price significantly higher than the last close, given the recent price increase. A take under is possible. </li>
</ul>



Time Interconnect Technology (1729 HK) is currently suspended "pursuant to The Hong Kong Code on Takeovers and Mergers".
Paul Lo, the chairman, recently increased his stake to ~75% of shares out. A large parcel of shares moved into CCASS late last month. 
Paul Lo, if he is the Offeror, is unlikely to table an Offer price significantly higher than the last close, given the recent price increase. A take under is possible. 


Time Interconnect (1729 HK): Possible Offer

Hong Kong

Time Interconnect Technology Limited is an investment holding company primarily engaged in the manufacture and sale of cable assembly products, server products, and digital cable products. The company supplies a wide variety of copper and optical fiber cable assemblies, digital cable products, medical products, and servers. It was founded in 1992 and is headquartered in Hong Kong.

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Time Interconnect Technology (1729 HK)

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

HK out-perform global peers with short selling abating and mainland buying increasing. Sun Art resumed trading as it entertains potential buyout...

David Mudd

Time Interconnect (1729 HK): Possible Offer

There is, as yet, no definitive Offer. However, the suspension announcement and the recent large share price movement suggest one is imminent.

David Blennerhassett

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