China/Asia TMT

Shawn Yang

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>TSLA/JD：JD.com will launch Tesla car ordering service ( + )</li>
<li>JD：JD.com launches "Enjoy now, pay later" service, with high barriers and limited impact (/)</li>
<li>ATAT/TCOM: Highway traffic during national holiday will reach historicalhigh（ +）</li>
</ul>


TSLA/JD：JD.com will launch Tesla car ordering service ( + )
JD：JD.com launches "Enjoy now, pay later" service, with high barriers and limited impact (/)
ATAT/TCOM: Highway traffic during national holiday will reach historicalhigh（ +）


China TMT Update(Oct.8)-TSLA/JD/ATAT/TCOM/3690.HK-JD.com Launches "Enjoy Now, Pay Later" Service

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Cross Asset Strategy

<ul><li>Technically, the SET Index is likely to recover, with the expected rebound point at 1,461 points, which was the lowest level reached this year on June 29.</li><li>The risk of a US government shutdown has been temporarily averted, with both houses of Congress approving a draft budget bill.</li><li>The Core PCE Price Index for August turned out lower than expected at +0.1% MoM and +3.9% YoY (down significantly from July at +0.2% MoM and +4.3% YoY).</li></ul>

Technically, the SET Index is likely to recover, with the expected rebound point at 1,461 points, which was the lowest level reached this year on June 29.The risk of a US government shutdown has been temporarily averted, with both houses of Congress approving a draft budget bill.The Core PCE Price Index for August turned out lower than expected at +0.1% MoM and +3.9% YoY (down significantly from July at +0.2% MoM and +4.3% YoY).

Expect Index Rebound in Early 4Q23 and No US Government Shutdown

<ul>
<li>NTES US/HK 700: NetEase Reveals More Information About Future Game Pipeline at Tokyo Game Show (+)/(-)</li>
<li>3690.HK/TCOM: Meituan publishes early consumption data for the upcoming “Golden Week” Holiday (+)</li>
<li>Futu Holdings : Futu Japan launched U.S. stock trading service</li>
</ul>


NTES US/HK 700: NetEase Reveals More Information About Future Game Pipeline at Tokyo Game Show (+)/(-)
3690.HK/TCOM: Meituan publishes early consumption data for the upcoming “Golden Week” Holiday (+)
Futu Holdings : Futu Japan launched U.S. stock trading service


China TMT Update-NTES/HK700/3690.HK/FUTU- NetEase Pipeline In Tokyo Game Show/Golden Week/Futu Japan

<ul>
<li>JD/ AAPL/ 1810.HK: Apple launches new iPhones in China (-/-/+)</li>
<li>LI/NIO:Huawei AITO New M7 was launched today, limiting impact on LI auto(-)</li>
<li>Meituan/Ctrip.com/Atour: Thailand announced to implement a 5-months visa-free policy for Chinese tourists（+/+/-）</li>
</ul>


JD/ AAPL/ 1810.HK: Apple launches new iPhones in China (-/-/+)
LI/NIO:Huawei AITO New M7 was launched today, limiting impact on LI auto(-)
Meituan/Ctrip.com/Atour: Thailand announced to implement a 5-months visa-free policy for Chinese tourists（+/+/-）


China TMT Update-JD/AAPL/1810.HK/LI/NIO/Meituan/Ctrip/Atour-New IPhones in China;Thailand Visa-Free

<ul>
<li>Meituan/Ctrip.com/Atour: MCT announce the third batch of destination list for outbound group travel, bodes well for outbound travel recovery</li>
<li>ZTO: Cainiao Guoguo launches RMB 1.3bn in logistics subsidies for new Taobao/Tmall SMEs (-)</li>
<li>Tencent held the 2023 WeChat Advertising Ecology Partnership Conference (+)</li>
</ul>


Meituan/Ctrip.com/Atour: MCT announce the third batch of destination list for outbound group travel, bodes well for outbound travel recovery
ZTO: Cainiao Guoguo launches RMB 1.3bn in logistics subsidies for new Taobao/Tmall SMEs (-)
Tencent held the 2023 WeChat Advertising Ecology Partnership Conference (+)


China TMT Update-Meituan/Ctrip/Atour/Baba/ZTO/Tencent/-Cainiao/WeChat Ads Conference/Outbound Travel

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.

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Trip.com (TCOM US)

China TMT Update(Oct.8)-TSLA/JD/ATAT/TCOM/3690.HK-JD.com Launches "Enjoy Now, Pay Later" Service

JD.com will launch Tesla car ordering service; JD.com launches "Enjoy now, pay later" service, with high barriers and limited impact; Highway...

Blue Lotus Research Institute

Expect Index Rebound in Early 4Q23 and No US Government Shutdown

Technically, the SET Index is likely to recover, with the expected rebound point at 1,461 points, which was the lowest level reached this year on...

Krungthai XSpring

China TMT Update-NTES/HK700/3690.HK/FUTU- NetEase Pipeline In Tokyo Game Show/Golden Week/Futu Japan

NetEase Reveals More Information About Future Game Pipeline at Tokyo Game Show; Meituan publishes data for the “Golden Week” Holiday;Futu Holdings...

Blue Lotus Research Institute

China TMT Update-JD/AAPL/1810.HK/LI/NIO/Meituan/Ctrip/Atour-New IPhones in China;Thailand Visa-Free

JD/ AAPL/ 1810.HK: Apple launches new iPhones in China;LI/NIO:Huawei AITO New M7 was launched today;Meituan/Ctrip.com/Atour: Thailand announced to...

Blue Lotus Research Institute

China TMT Update-Meituan/Ctrip/Atour/Baba/ZTO/Tencent/-Cainiao/WeChat Ads Conference/Outbound Travel

MCT announce the third batch of destination list for outbound group travel;Cainiao Guoguo launches RMB 1.3bn in logistics subsidies;Tencent 2023...

Blue Lotus Research Institute

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