Bairong IPO Trading - Strong Overall Demand but Comes with Large Retail Allocation
Bairong raised around US$508m in its Hong Kong IPO. We have covered various aspects of the deal in our earlier notes. In this note, we will talk...
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Tencent Music Announces US$1bn Buyback After Shares Dip Double-Digit
We would recommend making an entry at the current multiple as we believe the announced buyback will likely help share price to move up in the short...
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China ADRs- Blocks, Liquidation, Buyback - Implications
On 25th Mar 2021, we wrote about the knee jerk correction in some of the China ADRs. Since then the ADRs have corrected further. In this note, we...
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Hong Kong Connect Flows: Tencent/Meituan Flow Divergence
We highlight inflows into Tencent Holdings Limited (700 HK), as well as outflows from Meituan (3690 HK), and Smoore International Holdings Limited...
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HK Short Interest: Xiaomi Short Cover
Hong Kong SFC reported aggregate short position as of Mar 19. We highlight that the short interests (measured by shares) of Tencent was 24.5%...
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