Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Hong Kong' Short Interest: From the Wuhan Lockdown, The Market Low, Until Now

Quiddity Advisors

Event-Driven

Alibaba Health Information Tec / Event-Driven

In <a href="https://skr.ma/rHAUM" target="_blank" rel="noopener">Hong Kong Short Interest: From the Wuhan Lockdown, The Market Low, Until Now</a> at end May, I thought it would be a useful exercise to see how shorts behaved in 2020, using specific notable points in time as reference points (at the time of the lockdown in Wuhan (23 Jan), the low of stock markets in late March) against where we were then.
In something of a companion piece, this insight looks at the holdings via the Shanghai &amp; Shenzhen Connect into Hong Kong stocks (i.e. southbound holdings) at these moments in time.
I've broken down these holdings into various industries, both in HK$ terms and as a % of the accumulated market caps of the companies into which the Shanghai/Shenzhen holdings are held.
And finally, I've looked into the top price to book companies via these connect holdings to gauge if any meaningful pattern emerges.
Information for this insight is all sourced from the HKEx disclosure page. There are, by last count, <a href="http://www.sse.com.cn/services/hkexsc/disclo/eligible/" target="_blank" rel="noopener">318</a> Hong Kong-listed companies under the Shanghai Connect and, and <a href="http://www.szse.cn/szhk/hkbussiness/underlylist/" target="_blank" rel="noopener">477</a> under Shenzhen; although every HK-listed company under the Shanghai connect can also be found in the Shenzhen eligible list. 
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As always, more below the fold.
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In Hong Kong Short Interest: From the Wuhan Lockdown, The Market Low, Until Now at end May, I thought it would be a useful exercise to see how shorts behaved in 2020, using specific notable points in time as reference points (at the time of the lockdown in Wuhan (23 Jan), the low of stock markets in late March) against where we were then.
In something of a companion piece, this insight looks at the holdings via the Shanghai &amp; Shenzhen Connect into Hong Kong stocks (i.e. southbound holdings) at these moments in time.
I've broken down these holdings into various industries, both in HK$ terms and as a % of the accumulated market caps of the companies into which the Shanghai/Shenzhen holdings are held.
And finally, I've looked into the top price to book companies via these connect holdings to gauge if any meaningful pattern emerges.
Information for this insight is all sourced from the HKEx disclosure page. There are, by last count, 318 Hong Kong-listed companies under the Shanghai Connect and, and 477 under Shenzhen; although every HK-listed company under the Shanghai connect can also be found in the Shenzhen eligible list. 

As always, more below the fold.


Tech Pro Technology Development (3823 HK)

China Ding Yi Feng Holdings Limited (612 HK)

Shenji Group Kunming Mach Tool Co Ltd (SGKMT HK)

Ping An Healthcare and Technology (1833 HK)

Shanghai/Shenzhen Connect: Holdings From the Wuhan Lockdown, The Market Low, Until Now