The World Is Underweight Alibaba [BABA-US]. Capacity to Take Softbank Placement.
In this report, we analyze investor positioning in Alibaba Group (BABA US). The analysis brings in new data from 130 dedicated China equity funds,...
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JAPAN DELTA V - MOAR Meaningful March-End Div Trade Data
As discussed in JAPAN DELTA III - The Annual TOPIX Dividend Trade, the absolute returns on these days show significant divergence around the...
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Alibaba's Softbank Driven Placement - Sounds Big but May Not Be as Large in the End
Softbank Group (9984 JP) announced yesterday that it would sell assets worth US$41bn in order to fund the repurchase of US$18bn worth of its own...
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Softbank Group: Implications of an Unprecedented Buyback and Asset Sale Program
Softbank's surprise announcement of a buy-back/de-leveraging program should continue to be well received and we expect that today's limit-up 19%...
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The Month the World Stood Still (Part III) - Not Time to Bottom Fish Yet
In my two previous insights I provided my thoughts on what policy makers need to do to get over this relatively quickly and with as little pain to...
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