ChinaDaily Briefs

Daily Brief China: Beijing Kunlun Tech, Hong Kong Hang Seng Index, Li Auto, Meituan and more

In today’s briefing:

  • Index Rebalance & ETF Flow Recap: MSCI KR, S&P/ASX, SSE50, ChiNext, NIFTY, KQ150, AMFI, Rakuten Bank
  • EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades
  • Li Auto: First Quarterly Profit, Route to Sustained Annual Profits Will Be Harder
  • ECM Weekly (26th Mar 2023) – Meituan, Rakuten Bank, SBI, Harita, Trial, DPC, Onewo, Leap, Growatt

Index Rebalance & ETF Flow Recap: MSCI KR, S&P/ASX, SSE50, ChiNext, NIFTY, KQ150, AMFI, Rakuten Bank

By Brian Freitas


EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades

By Simon Harris

  • Weekly summary of vol changes and moves across Global Markets
  • Analysing ATM volatility and skew changes over the last 5 days
  • We suggest a few trades to take advantage of the implied vol surfaces

Li Auto: First Quarterly Profit, Route to Sustained Annual Profits Will Be Harder

By Victoria Li

  • First quarterly profit in 4Q’22 (first amongst the 3 main emerging brands) has raised expectations of full year profitability in ‘2023
  • Launch of BEV will increase production, R&D, platform depreciation and marketing costs
  • Despite our expection of revenues doubling y/y in ’23, profitability may not increase accordingly

ECM Weekly (26th Mar 2023) – Meituan, Rakuten Bank, SBI, Harita, Trial, DPC, Onewo, Leap, Growatt

By Sumeet Singh

  • Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
  • Japan and Indonesia appear to be the hubs of APAC ECM activity with Rakuten Bank (5838 JP) and PT Trimegah Bangun Persada Tbk (Harita Nickel) (2230010D IJ) going live
  • On the placements front, this week was comparatively quiet, given the market volatility. There are a few lockup expiries coming up next week.

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