Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Agricultural Bank Of China / Event-Driven

<ul>
<li>SOUTHBOUND was a net buyer this week. Over five days, it was +HK$12.5bn on high gross volume, but all of that net buying was on <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd-d7b798e2-202d-4e01-9a1e-799e2ae8f0c7" target="_blank" data-smartkarma-citation="entities:28434:1" rel="noopener">Alibaba Group Holding (9988 HK)</a>. </li>
<li>
<a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd-d7b798e2-202d-4e01-9a1e-799e2ae8f0c7" target="_blank" data-smartkarma-citation="entities:28434:1" rel="noopener">Alibaba Group Holding (9988 HK)</a> became SOUTHBOUND-eligible on Tuesday, and mainland buyers bought US$2.1bn of BABA shares, more than total SOUTHBOUND net buys.</li>
<li>Gross volumes were highest in months. This was a big week. Even bigger than just BABA. After BABA the story was banks buying. </li>
</ul>


SOUTHBOUND was a net buyer this week. Over five days, it was +HK$12.5bn on high gross volume, but all of that net buying was on Alibaba Group Holding (9988 HK). 

Alibaba Group Holding (9988 HK) became SOUTHBOUND-eligible on Tuesday, and mainland buyers bought US$2.1bn of BABA shares, more than total SOUTHBOUND net buys.
Gross volumes were highest in months. This was a big week. Even bigger than just BABA. After BABA the story was banks buying. 


HK Connect SOUTHBOUND Flows (To 13 Sep 2024); Weak Data, Weak Markets, but BABA and Banks!

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Equity Capital Markets

<ul>
<li>Biden Administration rule would make "de minimis" items subject to tariffs</li>
<li>Besides adding to landed cost of those items, reporting requirements would rise</li>
<li>In addition, US/EU governments launch probes of SHEIN/Temu product safety</li>
</ul>


Biden Administration rule would make "de minimis" items subject to tariffs
Besides adding to landed cost of those items, reporting requirements would rise
In addition, US/EU governments launch probes of SHEIN/Temu product safety


SHEIN and Temu: New Rule Could Crush "De Minimis" Imports | New Front In "War"  Vs DTC Platforms

Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>PDD US/BABA US: PDD’s updated ad-tool to launch this week (+/-)</li>
<li>BABA US: Freshippo private-brand food products to launch in Australia supermarket eBest (/)</li>
<li>PDD US/SE US : Temu remains most-downloaded app in LATAM during August (+/-)</li>
</ul>


PDD US/BABA US: PDD’s updated ad-tool to launch this week (+/-)
BABA US: Freshippo private-brand food products to launch in Australia supermarket eBest (/)
PDD US/SE US : Temu remains most-downloaded app in LATAM during August (+/-)


[Blue Lotus Daily-TMT Update]:PDD US/BABA US/SE US/JD US/

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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.

Hozon New Energy Automobile Co Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hozon-new-energy-automobile-co-ltd" target="_blank" data-smartkarma-citation="entities:43704:1" rel="noopener">Hozon New Energy Automobile</a> is looking to raise up to US$1bn in its upcoming HK IPO.</li>
<li>Hozon New Energy Automobile (HNEA) is a NEV technology company which sells cars under the Neta brand. The prices of its vehicles generally range between US$15,000 to US$45,000.</li>
<li>In this note, we talk about the not-so-positive aspects of the deal.</li>
</ul>



Hozon New Energy Automobile is looking to raise up to US$1bn in its upcoming HK IPO.
Hozon New Energy Automobile (HNEA) is a NEV technology company which sells cars under the Neta brand. The prices of its vehicles generally range between US$15,000 to US$45,000.
In this note, we talk about the not-so-positive aspects of the deal.


Hozon New Energy Automobile Pre-IPO - The Negatives - Remains Far from Being Profitable

<ul>
<li>700 HK: Tencent's &lt;Honor of Kings: World&gt;to Launch in 2025.(+)</li>
<li>700 HK: Tencent's &lt;Delta Force&gt; to Launch on September 26 for PC and Mobile (+)</li>
<li>700 HK/NTES US: Tencent and NetEase Announce Playtime Restrictions for Minors During Mid-Autumn and National Day Holidays (/)</li>
</ul>


700 HK: Tencent's &lt;Honor of Kings: World&gt;to Launch in 2025.(+)
700 HK: Tencent's &lt;Delta Force&gt; to Launch on September 26 for PC and Mobile (+)
700 HK/NTES US: Tencent and NetEase Announce Playtime Restrictions for Minors During Mid-Autumn and National Day Holidays (/)


[Blue Lotus Daily-TMT Update]:700 HK/NTES US/1024 HK/3690 HK/PDD US/JD US/BABA US/1810 HK/SE US

China

Alibaba Group Holding Limited provides online sales services. The Company provides internet infrastructure, electronic commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding offers its products and services worldwide.

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Alibaba Group Holding (9988 HK)

HK Connect SOUTHBOUND Flows (To 13 Sep 2024); Weak Data, Weak Markets, but BABA and Banks!

The biggest week for SOUTHBOUND gross volumes in many months. It would have been the biggest week even without the launch of Alibaba Southbound...

Travis Lundy

SHEIN and Temu: New Rule Could Crush "De Minimis" Imports | New Front In "War" Vs DTC Platforms

The Biden administration announced dramatic changes which could threaten SHEIN and Temu. Elsewhere, US & EU authorities launched efforts to test...

Tracking Traffic

[Blue Lotus Daily-TMT Update]:PDD US/BABA US/SE US/JD US/

PDD to launch updated ad-tool, BABA to introduce private-brand food products in Australia, Temu app remains popular in LATAM.

Blue Lotus Research Institute

Hozon New Energy Automobile Pre-IPO - The Negatives - Remains Far from Being Profitable

Hozon New Energy Automobile is looking to raise up to US$1bn in its upcoming HK IPO. In this note, we talk about the not-so-positive aspects of the...

Sumeet Singh

[Blue Lotus Daily-TMT Update]:700 HK/NTES US/1024 HK/3690 HK/PDD US/JD US/BABA US/1810 HK/SE US

Tencent announces new game launches and playtime restrictions for minors during holidays in collaboration with NetEase.

Blue Lotus Research Institute

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52-week Range

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HK Connect SOUTHBOUND Flows (To 13 Sep 2024); Weak Data, Weak Markets, but BABA and Banks!

The biggest week for SOUTHBOUND gross volumes in many months. It would have been the biggest week even without the launch of Alibaba Southbound...

Travis Lundy

SHEIN and Temu: New Rule Could Crush "De Minimis" Imports | New Front In "War" Vs DTC Platforms

The Biden administration announced dramatic changes which could threaten SHEIN and Temu. Elsewhere, US & EU authorities launched efforts to test...

Tracking Traffic

[Blue Lotus Daily-TMT Update]:PDD US/BABA US/SE US/JD US/

​PDD to launch updated ad-tool, BABA to introduce private-brand food products in Australia, Temu app remains popular in LATAM.

Blue Lotus Research Institute

Hozon New Energy Automobile Pre-IPO - The Negatives - Remains Far from Being Profitable

Hozon New Energy Automobile is looking to raise up to US$1bn in its upcoming HK IPO. In this note, we talk about the not-so-positive aspects of the...

Sumeet Singh

[Blue Lotus Daily-TMT Update]:700 HK/NTES US/1024 HK/3690 HK/PDD US/JD US/BABA US/1810 HK/SE US

​Tencent announces new game launches and playtime restrictions for minors during holidays in collaboration with NetEase.

Blue Lotus Research Institute

PDD to launch updated ad-tool, BABA to introduce private-brand food products in Australia, Temu app remains popular in LATAM.

Tencent announces new game launches and playtime restrictions for minors during holidays in collaboration with NetEase.