Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Cross Asset Strategy

<ul>
<li>A review of recent events/data impacting our investment themes or outlook</li>
<li>The Nasdaq, China and the JPY walk into a bar.</li>
<li>The world's biggest uranium miner cuts its 2025 production guidance</li>
</ul>


A review of recent events/data impacting our investment themes or outlook
The Nasdaq, China and the JPY walk into a bar.
The world's biggest uranium miner cuts its 2025 production guidance


Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

Premium Economic & Investment Research

<ul>
<li>We will look into the "well-known "correlation among the Aussie and well-known benchmarks to give  a closer look towards factors that have been affecting the movement of the Australian Dollar.</li>
<li>We will look into the performance of the Aussie relative to the Kiwi. The Aussie and Kiwi are viewed to be closely correlated given their geographic proximity and trade partnerships.</li>
<li>They are also being categorized as commodity currencies, with their dependence in commodity export.</li>
</ul>


We will look into the "well-known "correlation among the Aussie and well-known benchmarks to give  a closer look towards factors that have been affecting the movement of the Australian Dollar.
We will look into the performance of the Aussie relative to the Kiwi. The Aussie and Kiwi are viewed to be closely correlated given their geographic proximity and trade partnerships.
They are also being categorized as commodity currencies, with their dependence in commodity export.


<ul>
<li>Hang Seng barely moves this week, as we predicted. Hang Seng is likely to go sideway from 16000 to 18000 levels for the rest of the years.</li>
<li>S&amp;P500 likely wise moves little, up by 0.73% for the week. US equity market will likely has no clear direction before the Sep rate cut.</li>
<li>Gold retrieves little by less than 0.5% against a half year uprising trend that has accumulated to 23.6% up from half year ago.</li>
</ul>


Hang Seng barely moves this week, as we predicted. Hang Seng is likely to go sideway from 16000 to 18000 levels for the rest of the years.
S&amp;P500 likely wise moves little, up by 0.73% for the week. US equity market will likely has no clear direction before the Sep rate cut.
Gold retrieves little by less than 0.5% against a half year uprising trend that has accumulated to 23.6% up from half year ago.


Heard From Fortress Hill: Weekly Market Observations (23 Aug 2024)

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>F&amp;B / In Depth: A new Chinese food and beverage wave hits Southeast Asia Forget kung pao chicken and sweet and sour pork.</li><li>There’s a new wave of food and beverage chains flowing out of China, and it’s all about Sichuan hot pot, braised chicken rice and pickle fish soup — as well as mainstays like bubble tea.</li><li>Chinese food and beverage (F&amp;B) companies have expanded quickly into Southeast Asia, and even into North America and Europe, in the past few years, driven in part by saturation at home.</li></ul>

F&amp;B / In Depth: A new Chinese food and beverage wave hits Southeast Asia Forget kung pao chicken and sweet and sour pork.There’s a new wave of food and beverage chains flowing out of China, and it’s all about Sichuan hot pot, braised chicken rice and pickle fish soup — as well as mainstays like bubble tea.Chinese food and beverage (F&amp;B) companies have expanded quickly into Southeast Asia, and even into North America and Europe, in the past few years, driven in part by saturation at home.

CX Daily: A New Chinese Food and Beverage Wave Hits Southeast Asia 

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

<ul>
<li>Hong Kong market showed defensiveness during early August selloff and the overall breadth of the market continues to improve.</li>
<li>
<a href="https://www.smartkarma.com/entities/j-t-global-express-ltd" target="_blank" data-smartkarma-citation="entities:36819:1" rel="noopener">J&amp;T Global Express (1519 HK)</a> received upgrades after reporting strong 2Q24 results.  Its SEA and China business showed growth in revenue and profitability.</li>
<li>
<a href="https://www.smartkarma.com/entities/galaxy-entertainment-group-limited" target="_blank" data-smartkarma-citation="entities:806:1" rel="noopener">Galaxy Entertainment Group (27 HK)</a> received an upgrade after revenue and EBITDA approached pre-COVID levels.  <a href="https://www.smartkarma.com/entities/fit-hon-teng-ltd" target="_blank" data-smartkarma-citation="entities:22868:1" rel="noopener">FIT Hon Teng (6088 HK)</a> is seeing improvement in AI server, AirPod, and EV segments.</li>
</ul>


Hong Kong market showed defensiveness during early August selloff and the overall breadth of the market continues to improve.

J&amp;T Global Express (1519 HK) received upgrades after reporting strong 2Q24 results.  Its SEA and China business showed growth in revenue and profitability.

Galaxy Entertainment Group (27 HK) received an upgrade after revenue and EBITDA approached pre-COVID levels.  FIT Hon Teng (6088 HK) is seeing improvement in AI server, AirPod, and EV segments.


BUY/SELL/HOLD: Hong Kong Stock Updates (August 21)

Cross Asset Strategy
Cross Asset Strategy Insights

Overview #8 Plus Ca Change...

A review of recent events/data impacting our investment themes and outlook. Japan the Japanese Yen, China as well as Uranium

Rikki Malik

Aussie and Kiwi: A Tale of Two Countries

Exploring the correlation between the Australian Dollar and key benchmarks, including the Kiwi, due to geographic proximity, trade partnerships,...

Alex Ng

Heard From Fortress Hill: Weekly Market Observations (23 Aug 2024)

Hang Seng and S&P500 remain stable, while gold sees a slight dip against a long-term upward trend. US market uncertain before Sep rate cut.

Alex Ng

CX Daily: A New Chinese Food and Beverage Wave Hits Southeast Asia

F&B / In Depth: A new Chinese food and beverage wave hits Southeast Asia Forget kung pao chicken and sweet and sour pork. There’s a new wave...

Caixin Global

BUY/SELL/HOLD: Hong Kong Stock Updates (August 21)

The Hong Kong market breadth continues to improve as the market has shown defensive qualities during recent selloff. J&T Global, Galaxy and FIT...

David Mudd

Overview #8 Plus Ca Change...

A review of recent events/data impacting our investment themes and outlook. Japan the Japanese Yen, China as well as Uranium

Rikki Malik

Aussie and Kiwi: A Tale of Two Countries

​Exploring the correlation between the Australian Dollar and key benchmarks, including the Kiwi, due to geographic proximity, trade partnerships,...

Alex Ng

Heard From Fortress Hill: Weekly Market Observations (23 Aug 2024)

​Hang Seng and S&P500 remain stable, while gold sees a slight dip against a long-term upward trend. US market uncertain before Sep rate cut.

Alex Ng

CX Daily: A New Chinese Food and Beverage Wave Hits Southeast Asia

F&B / In Depth: A new Chinese food and beverage wave hits Southeast Asia Forget kung pao chicken and sweet and sour pork. There’s a new wave...

Caixin Global

BUY/SELL/HOLD: Hong Kong Stock Updates (August 21)

The Hong Kong market breadth continues to improve as the market has shown defensive qualities during recent selloff. J&T Global, Galaxy and FIT...

David Mudd

Exploring the correlation between the Australian Dollar and key benchmarks, including the Kiwi, due to geographic proximity, trade partnerships,...

Hang Seng and S&P500 remain stable, while gold sees a slight dip against a long-term upward trend. US market uncertain before Sep rate cut.