China Specialist, Auto and Industrial Specialist

Victoria Li

Equity Bottom-Up

<ul>
<li>Share performance of XPEV.US has been hit by market's fear on Chinese stocks' delisting in US market.  Xpeng's share price fell from US$55 to US$43.8 in three trading days.</li>
<li>We believe it's a good timing for US investors to switch to 9868.HK from XPEV.US, as HK share performance was hurt as well and has brought a great buying opportunity.</li>
<li>Fundamentally, Xpeng's monthly delivery hit a new high in Nov. Lately, EV batteries shortage is hitting Xpeng and may lead to lower than expected monthly delivery. Buy opportunity.</li>
</ul>


Share performance of XPEV.US has been hit by market's fear on Chinese stocks' delisting in US market.  Xpeng's share price fell from US$55 to US$43.8 in three trading days.
We believe it's a good timing for US investors to switch to 9868.HK from XPEV.US, as HK share performance was hurt as well and has brought a great buying opportunity.
Fundamentally, Xpeng's monthly delivery hit a new high in Nov. Lately, EV batteries shortage is hitting Xpeng and may lead to lower than expected monthly delivery. Buy opportunity.


Xpeng: Buying Opportunity on Dual Short-Term Headwinds

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<ul>
<li>Xpeng rise met the old high zone at 55 with near resistance at 53 to sell down. Bull support lies at 38 as the primary long support.</li>
<li>RSI bear divergence and break below wedge support. Reaction rise sets up a short.</li>
<li>Sell volumes picked up in the 53-55 zone that aligns with shorting a bounce to the 38/40 bull zone (MA, price and trend support)</li>
</ul>


Xpeng rise met the old high zone at 55 with near resistance at 53 to sell down. Bull support lies at 38 as the primary long support.
RSI bear divergence and break below wedge support. Reaction rise sets up a short.
Sell volumes picked up in the 53-55 zone that aligns with shorting a bounce to the 38/40 bull zone (MA, price and trend support)


Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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.

Equity Capital Markets

<ul>
<li>Weibo raised around US$440m in its secondary listing in Hong Kong.</li>
<li>We have covered most aspects of the deal in our previous notes, see <a href="https://www.smartkarma.com/insights/weibo-secondary-listing-needs-to-come-at-a-discount" target="_blank" rel="noopener">here</a> and <a href="https://www.smartkarma.com/insights/weibo-secondary-listing-going-down-the-autohome-route" target="_blank" rel="noopener">here</a>.</li>
<li>In this note, we'll talk about the allocation results and the trading dynamics.</li>
</ul>


Weibo raised around US$440m in its secondary listing in Hong Kong.
We have covered most aspects of the deal in our previous notes, see here and here.
In this note, we'll talk about the allocation results and the trading dynamics.


Weibo Secondary Trading - Delivered a Good Correction but Got Caught in the Wider Rout

Thematic (Sector/Industry)

<ul>
<li>China's overall auto retail sales remained week in November due to limit car storage in dealers (less supply), less promotions and interruptions from regional Covid lockdown/restrictions</li>
<li>Xpeng ranked No.1 among EV brands by delivering 15,613 new cars in November. P5 delivery is ramming up.</li>
<li>Zeekr 001 delivered 2,012 new cars in November, in line with latest market expectation.</li>
</ul>


China's overall auto retail sales remained week in November due to limit car storage in dealers (less supply), less promotions and interruptions from regional Covid lockdown/restrictions
Xpeng ranked No.1 among EV brands by delivering 15,613 new cars in November. P5 delivery is ramming up.
Zeekr 001 delivered 2,012 new cars in November, in line with latest market expectation.


Liontown Resources / Equity Capital Markets

<ul>
<li>Liontown Resource (LTR) is looking to raise around US$321m in its fully underwritten Australian placement.</li>
<li>The company will use the proceeds from the placement to develop its Kathleen Valley Lithium Project.</li>
<li>In this note, we will talk about the deal dynamics and run the deal through our ECM framework.</li>
</ul>


Liontown Resource (LTR) is looking to raise around US$321m in its fully underwritten Australian placement.
The company will use the proceeds from the placement to develop its Kathleen Valley Lithium Project.
In this note, we will talk about the deal dynamics and run the deal through our ECM framework.


Liontown Placement - Large Deal but Appears to Be Well Flagged

China

XPeng Inc. designs, produces, and distributes electric vehicles. The Company designs, develops, manufactures and markets smart smart electric vehicles, as well as finance, parts, and maintenance services. XPeng serves customers in China.

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XPeng (XPEV US)

Xpeng: Buying Opportunity on Dual Short-Term Headwinds

We believe it's a good timing for US investors to switch to 9868.HK from XPEV.US, as HK share performance was hurt as well and has brought a great...

Victoria Li

Xpeng 53 Sell with 38 Buy Support

Xpeng rise met the old high zone at 55 with near resistance at 53 to sell down. Bull support lies at 38 as the primary long support.

Thomas Schroeder

Weibo Secondary Trading - Delivered a Good Correction but Got Caught in the Wider Rout

Weibo raised around US$440m in its secondary listing in Hong Kong. In this note, we look at the allocation results and talk about the trading...

Sumeet Singh

China Auto: Another Weak Month

China's overall auto retail sales remained week in November due to limit car storage in dealers (less supply), less promotions and interruptions...

Victoria Li

Liontown Placement - Large Deal but Appears to Be Well Flagged

Liontown Resource (LTR) is looking to raise around US$321m in its fully underwritten Australian placement. In this note, we will talk about the...

Sumeet Singh

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