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.

Private Capital Markets

Pico Technology / Private Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/qingdao-pico-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:36878:1" rel="noopener">Pico Technology (1870309D CH)</a>  is a Virtual Reality (VR) / Extended reality (XR) technology company that develops and sells VR glasses and comprehensive XR solutions.</li>
<li>The company is the market leader in the XR market in China and has a global presence. It was acquired by ByteDance in 2021.</li>
<li>PICO is a company to watch for in the VR/XR segment given it operates in a growing market and has already established itself as a prominent player in this space.</li>
</ul>



Pico Technology (1870309D CH)  is a Virtual Reality (VR) / Extended reality (XR) technology company that develops and sells VR glasses and comprehensive XR solutions.
The company is the market leader in the XR market in China and has a global presence. It was acquired by ByteDance in 2021.
PICO is a company to watch for in the VR/XR segment given it operates in a growing market and has already established itself as a prominent player in this space.


China/Asia TMT

Shawn Yang

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>NIO: Wait times for NIO ET5 shortened to 2 weeks (-)</li>
<li>700HK: Tencent games now able to buy traffic on Bytedance (+)</li>
<li>BABA: Alibaba unveils implementation plans for its LLM AI and price cuts for Cloud (+)</li>
</ul>


NIO: Wait times for NIO ET5 shortened to 2 weeks (-)
700HK: Tencent games now able to buy traffic on Bytedance (+)
BABA: Alibaba unveils implementation plans for its LLM AI and price cuts for Cloud (+)


China TMT Updfate(Apr.13)- Nio/700hk/Baba:Alibaba Unveils Plans for LLM AI and Cloud Price Cuts (+)

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>Rivals ByteDance Ltd.’s Douyin and Tencent Holdings Ltd. have reached a deal to collaborate on video content, marking the latest move toward reconciliation between the two Chinese tech giants that have been locked in copyright disputes for years.</li><li>Under the agreement, Douyin — the Chinese version of TikTok — and Tencent Video will explore cooperating on areas including joint promotion of long and short videos as well as generation of secondary content, Douyin said in a statement on Friday.</li><li>The short-video platform said that Tencent Video will authorize the use of its copyrighted long videos to Douyin, and that rules over the creation of secondary content and publication have been clarified.</li></ul>

Rivals ByteDance Ltd.’s Douyin and Tencent Holdings Ltd. have reached a deal to collaborate on video content, marking the latest move toward reconciliation between the two Chinese tech giants that have been locked in copyright disputes for years.Under the agreement, Douyin — the Chinese version of TikTok — and Tencent Video will explore cooperating on areas including joint promotion of long and short videos as well as generation of secondary content, Douyin said in a statement on Friday.The short-video platform said that Tencent Video will authorize the use of its copyrighted long videos to Douyin, and that rules over the creation of secondary content and publication have been clarified.

ByteDance’s Douyin and Tencent Reach Video Cooperation Deal as Tensions Thaw

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

Hang Seng China Enterprises Index / Event-Driven

<ul>
<li>The HSCEI 2023 dividend futures have dropped over the last week as results have trickled in and some of the larger dividend payers have cut their final dividends.</li>
<li>Over 50% of the DIPS are confirmed now and that number will increase significantly over the next couple of days as the remaining companies announce their final dividends.</li>
<li>From our estimates, just over 80% of the DIPS will be confirmed by tomorrow though over 66% of the total DIPS will have CNYHKD risk attached to it.</li>
</ul>


The HSCEI 2023 dividend futures have dropped over the last week as results have trickled in and some of the larger dividend payers have cut their final dividends.
Over 50% of the DIPS are confirmed now and that number will increase significantly over the next couple of days as the remaining companies announce their final dividends.
From our estimates, just over 80% of the DIPS will be confirmed by tomorrow though over 66% of the total DIPS will have CNYHKD risk attached to it.


HSCEI Dividend Futures: Nearing the Pointy End of Results Season

Cross Asset Strategy

<ul><li>Sperm / In Depth: Why a sperm bank drive is fueling fears of infertility in China</li><li>Imprisonment / Chinese man exonerated after record 29 years of wrongful imprisonment</li><li>Covid-19 / China clears first homegrown mRNA Covid vaccine</li></ul>

Sperm / In Depth: Why a sperm bank drive is fueling fears of infertility in ChinaImprisonment / Chinese man exonerated after record 29 years of wrongful imprisonmentCovid-19 / China clears first homegrown mRNA Covid vaccine

CX Daily: Why a Sperm Bank Drive Is Fueling Fears of Infertility in China

China

Beijing Douyin Information Service Co. Ltd. provides online information and contents. The Company develops and operates short video platform, original short video community, news platform, and other related products. Beijing Douyin Information Service offers services worldwide.

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ByteDance (1439927D CH)

PICO: Leader in Chinese XR Market

PICO is the market leader in the XR market in China with a global presence and was acquired by ByteDance in 2021. PICO is a company to watch for...

Shifara Samsudeen, ACMA, CGMA

China TMT Updfate(Apr.13)- Nio/700hk/Baba:Alibaba Unveils Plans for LLM AI and Cloud Price Cuts (+)

NIO: Wait times for NIO ET5 shortened to 2 weeks (-) 700HK:Tencent games now able to buy traffic on Bytedance(+) BABA: Alibaba unveils...

Blue Lotus Research Institute

ByteDance’s Douyin and Tencent Reach Video Cooperation Deal as Tensions Thaw

Rivals ByteDance Ltd.’s Douyin and Tencent Holdings Ltd. have reached a deal to collaborate on video content, marking the latest move toward...

Caixin Global

HSCEI Dividend Futures: Nearing the Pointy End of Results Season

Over half of 2023 DIPS are now confirmed & will rise to 80% by close tomorrow. There is FX risk attached to most dividends. The 2023/24 steepener...

Brian Freitas

CX Daily: Why a Sperm Bank Drive Is Fueling Fears of Infertility in China

In Depth: Why a sperm bank drive is fueling fears of infertility in China. Chinese man exonerated after record 29 years of wrongful imprisonment....

Caixin Global

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