Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Event-Driven

<ul>
<li>Reuters and several other news media outlets reported that <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a> is looking to raise its stake in French game publisher Ubisoft as it seeks to expand overseas.</li>
<li>Tencent owns approx. 5.0% of Ubisoft which was acquired in 2018 and is said to have reached out to the founding family Guillemot to buy a stake from their ownership.</li>
<li>As we mentioned in our previous insight, Tencent has been excluded for the fourth time from new game approvals which had impacted its online games biz.</li>
</ul>


Reuters and several other news media outlets reported that Tencent (700 HK) is looking to raise its stake in French game publisher Ubisoft as it seeks to expand overseas.
Tencent owns approx. 5.0% of Ubisoft which was acquired in 2018 and is said to have reached out to the founding family Guillemot to buy a stake from their ownership.
As we mentioned in our previous insight, Tencent has been excluded for the fourth time from new game approvals which had impacted its online games biz.


Tencent Looking to Raise Its Stake in Ubisoft at a Huge Premium

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>Tencent short from 390 is rewarding and reaching for new chart lows now that the 310 pivot support has given way and leading the likes of BABA.</li>
<li>MACD target support is the key input to align with a terminal wave 5 low to set up the macro long entry in September.</li>
<li>Undershoot risk to lower channel support with a low due in September and rally hurdles toward year end at 370/390. 420 remains the forward macro barrier to challenge/clear.</li>
</ul>


Tencent short from 390 is rewarding and reaching for new chart lows now that the 310 pivot support has given way and leading the likes of BABA.
MACD target support is the key input to align with a terminal wave 5 low to set up the macro long entry in September.
Undershoot risk to lower channel support with a low due in September and rally hurdles toward year end at 370/390. 420 remains the forward macro barrier to challenge/clear.


Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

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 Bottom-Up

<ul>
<li>Tencent aims to raise shareholdings in an overseas game company and reduce shareholdings in a domestic movie producer.</li>
<li>Tencent and NetEase have not got new game licenses and a license black market has emerged in China.</li>
<li>Autohome revenue decreased in 4Q22 due to the lockdown in Shanghai.</li>
</ul>


Tencent aims to raise shareholdings in an overseas game company and reduce shareholdings in a domestic movie producer.
Tencent and NetEase have not got new game licenses and a license black market has emerged in China.
Autohome revenue decreased in 4Q22 due to the lockdown in Shanghai.


China Internet Weekly (8Aug2022): Tencent, NTES, Kuaishou, Autohome

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Quantitative Analysis

<ul>
<li>We analyze the weekly Hong Kong Connect flows with our data engine for record date as of August 5th.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight flows for Tencent, Ganfeng Lithium, Meituan, Kuaishou, Wuxi Biologics.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine for record date as of August 5th.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight flows for Tencent, Ganfeng Lithium, Meituan, Kuaishou, Wuxi Biologics.


Hong Kong Connect Flows: Tencent, Ganfeng Lithium, Meituan, Kuaishou, Wuxi Biologics

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Jul 29th. </li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short interest changes in Kuaishou, Alibaba, Cifi, and Netease.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Jul 29th. 
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short interest changes in Kuaishou, Alibaba, Cifi, and Netease.


HK Short Interest: Kuaishou, Alibaba, Cifi, Netease

China

Tencent Holdings Limited operates as an investment holding company. The Company, through its subsidiaries, provides Internet and mobile value-added services (VAS), online advertising, and e-commerce transactions. Tencent Holdings offers services to users worldwide.

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Tencent (700 HK)

Tencent Looking to Raise Its Stake in Ubisoft at a Huge Premium

Tencent is looking to raise its stake in Ubisoft as it seeks to expand overseas. Stake increase would help Tencent expand into console gaming,...

Shifara Samsudeen, ACMA, CGMA

Tencent New Lows in Sight

Tencent short from 390 is rewarding and reaching for new chart lows now that the 310 pivot support has given way and leading the likes of BABA....

Thomas Schroeder

China Internet Weekly (8Aug2022): Tencent, NTES, Kuaishou, Autohome

Tencent aims to raise shareholdings in an overseas game company and reduce shareholdings in a domestic movie producer. Tencent and NetEase have not...

Ming Lu

Hong Kong Connect Flows: Tencent, Ganfeng Lithium, Meituan, Kuaishou, Wuxi Biologics

Southbound Hong Kong connected recorded inflows of $826m last week. We highlight inflows for Tencent, Ganfeng Lithium, and outflows from Meituan,...

Ke Yan, CFA, FRM

HK Short Interest: Kuaishou, Alibaba, Cifi, Netease

We highlight week on week short interest changes in Kuaishou, Alibaba, Cifi, and Netease based on the latest HK SFC Short Aggregate report.

Ke Yan, CFA, FRM

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