Brief Hong Kong: Hong Kong Property: Protests, Covid-19, National Security Bill, WFH and more

In this briefing:

  1. Hong Kong Property: Protests, Covid-19, National Security Bill, WFH
  2. Asia Short Interest Weekly – HK Financials and Property, Japan Real Estate, Korea Tech, Taiwan Semis

1. Hong Kong Property: Protests, Covid-19, National Security Bill, WFH

Image

The Hong Kong Property market, apart from being one of the most expensive in the world, has analysts and market commentators divided on the future direction. The protest last year initially led to falling real estate prices and lower stock prices with the subsequent recovery cut short by the Covid-19 pandemic.

The passing of the National Security bill could now lead to a fresh downdraft in prices while the Work From Home (WFH) trend is expected to reduce the demand for office space.

In this Insight, we take a look at how the market has positioned itself on the short side and which stocks are more affected than others.

2. Asia Short Interest Weekly – HK Financials and Property, Japan Real Estate, Korea Tech, Taiwan Semis

Image

The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong Kong, Japan, Korea and Taiwan using the last available data published by the relevant authorities.

Hong Kong saw shorts rise on Tencent Holdings (700 HK), Sun Hung Kai Properties (16 HK) and China Construction Bank H (939 HK) while there was big short covering on Alibaba Group (9988 HK), Semiconductor Manufacturing (981 HK) and Xiaomi Corp (1810 HK). Shorts jumped on Financials, Communication Services and Real Estate and covered position in Information Technology, Consumer Discretionary and Consumer Staples.

Japan saw an increase in shorts on Shiseido Company (4911 JP), Kubota Corp (6326 JP), Japan Real Estate Investment (8952 JP) and a reduction is shorts on Softbank Corp (9434 JP) and Showa Denko K.K. (4004 JP). Sectorally, shorts increased in Real Estate, Industrials and Consumer Staples and shorts were covered in Communication Services.

Shorts in Korea increased led by Technology Hardware and Consumer Durables.

Shorts rose in Taiwan led by Semiconductors, Technology Hardware, and Materials while shorts covered small size in Capital Goods and Banks.

You are currently reading Executive Summaries of Smartkarma Insights.

Want to read on? Explore our tailored Smartkarma Solutions.