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>PDD US: Temu merchants report a new round of forced price reductions (+)</li>
<li>3690 HK: Meituan Restructures Delivery Business to Boost Efficiency, Refine Operations Amid Slowing Order Growth(+)</li>
<li>Douyin/1797 HK/2618 HK/3690 HK: JD Logistics Partners with EastBuy to Launch "Delivery in hours" Service, Directly Competing with Meituan(+/-)</li>
</ul>


PDD US: Temu merchants report a new round of forced price reductions (+)
3690 HK: Meituan Restructures Delivery Business to Boost Efficiency, Refine Operations Amid Slowing Order Growth(+)
Douyin/1797 HK/2618 HK/3690 HK: JD Logistics Partners with EastBuy to Launch "Delivery in hours" Service, Directly Competing with Meituan(+/-)


[Blue Lotus Daily - TMT Update]:PDD US/3690 HK/Douyin/1797 HK/2618 HK/NTES US/TCOM US/ATAT US

<ul>
<li>700 HK：Tencent's &lt;Need for Speed Mobile&gt; is set to be released in 3Q24.(+)</li>
<li>Douyin/3690 HK: Douyin to acquire payment license for local life services biz, implying heightened competition for Meituan.（-）</li>
<li>TCOM: Railway passenger volume during Qingming holiday expected to reach 111% of 2019 level, showing a decline compared to the Spring Festival.</li>
</ul>


700 HK：Tencent's &lt;Need for Speed Mobile&gt; is set to be released in 3Q24.(+)
Douyin/3690 HK: Douyin to acquire payment license for local life services biz, implying heightened competition for Meituan.（-）
TCOM: Railway passenger volume during Qingming holiday expected to reach 111% of 2019 level, showing a decline compared to the Spring Festival.


[Blue Lotus Daily - TMT Update]:700 HK/Douyin/3690 HK/TCOM US/BABA US/NTES US

<ul>
<li>NTES US/1024 HK: The NPPA has released the approval results for domestic online games in March.(+/+)</li>
<li>BABA US/JD US/PDD US /1024 HK: Alibaba to start charging live-streaming commissions (+)</li>
<li>241 HK: Alibaba Health updates its guidance for fiscal year 2023-24 and fiscal year 2024-25, introducing Alimama advertising revenue, but it is still not cheap（/）</li>
</ul>


NTES US/1024 HK: The NPPA has released the approval results for domestic online games in March.(+/+)
BABA US/JD US/PDD US /1024 HK: Alibaba to start charging live-streaming commissions (+)
241 HK: Alibaba Health updates its guidance for fiscal year 2023-24 and fiscal year 2024-25, introducing Alimama advertising revenue, but it is still not cheap（/）


[Blue Lotus Daily - TMT Update]:NTES US/1024 HK/BABA US /JD US /PDD US /241 HK/Douyin/ 3690 HK/ TCOM

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Equity Bottom-Up

<ul>
<li>Chinese domestic and outbound air travel activity rebounded sharply in July - why?</li>
<li>If we're right about the reasons for July's recovery in traffic, bounce likely to be short-lived</li>
<li>We expect platform Trip.com to confirm a weak outlook when it reports Q226 results</li>
</ul>


Chinese domestic and outbound air travel activity rebounded sharply in July - why?
If we're right about the reasons for July's recovery in traffic, bounce likely to be short-lived
We expect platform Trip.com to confirm a weak outlook when it reports Q226 results


Monthly Chinese Tourism Tracker | Air Travel Growth Rebounded in July | Why? And Is It Sustainable?

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>Since early November 2023 we have been expecting global equities (MSCI ACWI) to stage a year-end rally that would continue into the early part of 2024.</li>
<li>As we progress through the “early part” of 2024, more global indexes and Sectors are breaking out and starting to participate in the upside. This is classic bull market behavior.</li>
<li>Our outlook remains bullish; continue to ride this trend higher, and treat pullbacks as buying opportunities. Actionable Themes: Hong Kong/China, Consumer Discretionary, Industrials, Energy/Coal, and Polish Banks</li>
</ul>


Since early November 2023 we have been expecting global equities (MSCI ACWI) to stage a year-end rally that would continue into the early part of 2024.
As we progress through the “early part” of 2024, more global indexes and Sectors are breaking out and starting to participate in the upside. This is classic bull market behavior.
Our outlook remains bullish; continue to ride this trend higher, and treat pullbacks as buying opportunities. Actionable Themes: Hong Kong/China, Consumer Discretionary, Industrials, Energy/Coal, and Polish Banks


Hong Kong/China Finally Bottoming?; Bullish Outlook Intact; DXY Rolling Over; Buys in Discretionary

China

Trip.com Group Ltd. provides online travel agency services. The Company offers mobile applications, hotel reservations, flight ticketing, package tours, corporate travel management, and train ticketing services.

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

Trip.com (TCOM US)

[Blue Lotus Daily - TMT Update]:PDD US/3690 HK/Douyin/1797 HK/2618 HK/NTES US/TCOM US/ATAT US

Merchants in Temu report forced price reductions, Meituan restructures delivery business for efficiency, JD Logistics partners with EastBuy for...

Blue Lotus Research Institute

[Blue Lotus Daily - TMT Update]:700 HK/Douyin/3690 HK/TCOM US/BABA US/NTES US

Tencent to release Need for Speed Mobile in 3Q24, Douyin acquires payment license for local services, railway passenger volume during Qingming...

Blue Lotus Research Institute

[Blue Lotus Daily - TMT Update]:NTES US/1024 HK/BABA US /JD US /PDD US /241 HK/Douyin/ 3690 HK/ TCOM

NPPA approves domestic online games in March; Alibaba to charge live-streaming commissions; Alibaba Health updates guidance for fiscal years 2023-25.

Blue Lotus Research Institute

Monthly Chinese Tourism Tracker | Air Travel Growth Rebounded in July | Why? And Is It Sustainable?

After weak growth in Q226, Chinese domestic and outbound air travel activity suddenly rebounded in July. But is the improvement sustainable? We...

Tracking Traffic

Hong Kong/China Finally Bottoming?; Bullish Outlook Intact; DXY Rolling Over; Buys in Discretionary

Hong Kong/China Finally Bottoming?; Bullish Overall Outlook Intact; $DXY Rolling Over; Actionable Themes: Hong Kong/China, Consumer Discretionary,...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Blue Lotus Daily - TMT Update]:PDD US/3690 HK/Douyin/1797 HK/2618 HK/NTES US/TCOM US/ATAT US

​Merchants in Temu report forced price reductions, Meituan restructures delivery business for efficiency, JD Logistics partners with EastBuy for...

Blue Lotus Research Institute

[Blue Lotus Daily - TMT Update]:700 HK/Douyin/3690 HK/TCOM US/BABA US/NTES US

​Tencent to release Need for Speed Mobile in 3Q24, Douyin acquires payment license for local services, railway passenger volume during Qingming...

Blue Lotus Research Institute

[Blue Lotus Daily - TMT Update]:NTES US/1024 HK/BABA US /JD US /PDD US /241 HK/Douyin/ 3690 HK/ TCOM

​NPPA approves domestic online games in March; Alibaba to charge live-streaming commissions; Alibaba Health updates guidance for fiscal years 2023-25.

Blue Lotus Research Institute

Monthly Chinese Tourism Tracker | Air Travel Growth Rebounded in July | Why? And Is It Sustainable?

After weak growth in Q226, Chinese domestic and outbound air travel activity suddenly rebounded in July. But is the improvement sustainable? We...

Tracking Traffic

Hong Kong/China Finally Bottoming?; Bullish Outlook Intact; DXY Rolling Over; Buys in Discretionary

Hong Kong/China Finally Bottoming?; Bullish Overall Outlook Intact; $DXY Rolling Over; Actionable Themes: Hong Kong/China, Consumer Discretionary,...

Vermilion Research

Merchants in Temu report forced price reductions, Meituan restructures delivery business for efficiency, JD Logistics partners with EastBuy for...

Tencent to release Need for Speed Mobile in 3Q24, Douyin acquires payment license for local services, railway passenger volume during Qingming...

NPPA approves domestic online games in March; Alibaba to charge live-streaming commissions; Alibaba Health updates guidance for fiscal years 2023-25.