Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

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News from Caixin

Cross Asset Strategy

<ul><li>Cover Story: Balancing China’s development with need for food production</li><li>Beijing drops more Covid rules as outbreak declared ‘under control’</li><li>China’s services activity shrinks a little less severely, Caixin PMI shows</li></ul>

Cover Story: Balancing China’s development with need for food productionBeijing drops more Covid rules as outbreak declared ‘under control’China’s services activity shrinks a little less severely, Caixin PMI shows

CX Daily: Balancing China’s Development With Need for Food Production

Thematic (Sector/Industry)

<ul><li>China has long been known to undertake ambitious projects that seek to move resources right across the country to develop areas critical to the economy. </li><li>Looking to replicate its early successes, Beijing has initiated a similar national resource channeling project. This time around, it is targeting data centers, which are seen by Beijing as critical infrastructure for today’s increasingly digitalized economy.</li><li>The main idea of the plan is to boost data centers in the country’s economically poorer but energy-rich western regions, taking part of the data processing workload currently handled predominantly in eastern facilities, where energy is more expensive.</li></ul>

China has long been known to undertake ambitious projects that seek to move resources right across the country to develop areas critical to the economy. Looking to replicate its early successes, Beijing has initiated a similar national resource channeling project. This time around, it is targeting data centers, which are seen by Beijing as critical infrastructure for today’s increasingly digitalized economy.The main idea of the plan is to boost data centers in the country’s economically poorer but energy-rich western regions, taking part of the data processing workload currently handled predominantly in eastern facilities, where energy is more expensive.

Five Things to Know About China’s Mega East-West Data Center Plan

<ul>
<li>
Cover Story: How a Fortune 500 company built a commodity colossus on a shell game
</li>
<li>
Analysis: Why Singapore could coexist with Covid, but not Hong Kong
</li>
<li>
China moves to protect vulnerable services sector from excessive local Covid control measures
</li>
</ul>



Cover Story: How a Fortune 500 company built a commodity colossus on a shell game


Analysis: Why Singapore could coexist with Covid, but not Hong Kong


China moves to protect vulnerable services sector from excessive local Covid control measures



CX Daily: How a Fortune 500 Company Built a Commodity Colossus on a Shell Game

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>The virtuous cycle of shareholder return commences as <a href="https://www.smartkarma.com/entities/china-mobile-ltd" target="_blank" data-smartkarma-citation="entities:27:1" rel="noopener">China Mobile (941 HK)</a> starts buying its H-shares.</li>
<li>
<a href="https://www.smartkarma.com/entities/suzuki-motor-corp" target="_blank" data-smartkarma-citation="entities:732:1" rel="noopener">Suzuki (7269 JP)</a>'s implied stub is currently around its all-time low, as is the simple ratio. <a href="https://www.smartkarma.com/entities/maruti-suzuki-india-ltd" target="_blank" data-smartkarma-citation="entities:733:1" rel="noopener">Maruti Suzuki (MSIL IN)</a> remains steadfast in its support for hybrid vehicles. That's a liability.</li>
<li>Quarz's intervention in <a href="https://www.smartkarma.com/entities/mapletree-north-asia-commercial-trust" target="_blank" data-smartkarma-citation="entities:5127:1" rel="noopener">Mapletree North Asia Commercial (MAGIC SP)</a> is NOT surprising. They have some past experience complaining about Singaporean REIT mergers and other takeovers. But their analysis is surprising.</li>
</ul>


The virtuous cycle of shareholder return commences as China Mobile (941 HK) starts buying its H-shares.

Suzuki (7269 JP)'s implied stub is currently around its all-time low, as is the simple ratio. Maruti Suzuki (MSIL IN) remains steadfast in its support for hybrid vehicles. That's a liability.
Quarz's intervention in Mapletree North Asia Commercial (MAGIC SP) is NOT surprising. They have some past experience complaining about Singaporean REIT mergers and other takeovers. But their analysis is surprising.


Last Week in Event SPACE: China Mobile, Suzuki, Mapletree Merger, Bapcor, Toyota Industries/Motor

Equity Bottom-Up

China Unicom Hong Kong / Equity Bottom-Up

<ul>
<li>Despite the recent share price gain, <a href="https://www.smartkarma.com/entities/china-unicom-hong-kong-ltd" target="_blank" data-smartkarma-citation="entities:1016:1" rel="noopener">China Unicom (762 HK)</a> is inexpensive with respect to parent <a href="https://www.smartkarma.com/entities/china-united-network-a" target="_blank" data-smartkarma-citation="entities:12620:1" rel="noopener">China United Network (600050 CH)</a> - its pseudo domestic A-share twin - and to peers.</li>
<li>Preceding my comments on Unicom, are the current setup/unwind tables for Asia-Pacific Holdcos. </li>
<li>These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.</li>
</ul>


Despite the recent share price gain, China Unicom (762 HK) is inexpensive with respect to parent China United Network (600050 CH) - its pseudo domestic A-share twin - and to peers.
Preceding my comments on Unicom, are the current setup/unwind tables for Asia-Pacific Holdcos. 
These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.


Hong Kong

China Unicom (Hong Kong) Limited, through its subsidiaries, provides telecommunications services in the People's Republic of China.  The Company's services include cellular, paging, long distance, data, and Internet services.

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China Unicom Hong Kong (Adr) (CHU US)

CX Daily: Balancing China’s Development With Need for Food Production

Cover Story: Balancing China’s development with need for food production. Beijing drops more Covid rules as outbreak declared ‘under control’

Caixin Global

Five Things to Know About China’s Mega East-West Data Center Plan

China has long been known to undertake ambitious projects that seek to move resources right across the country to develop areas critical to the...

Caixin Global

CX Daily: How a Fortune 500 Company Built a Commodity Colossus on a Shell Game

Cover Story: How a Fortune 500 company built a commodity colossus on a shell game Analysis: Why Singapore could coexist with Covid, but not...

Caixin Global

Last Week in Event SPACE: China Mobile, Suzuki, Mapletree Merger, Bapcor, Toyota Industries/Motor

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

StubWorld: Unicom's "Hs" Are Cheap

Unicom is inexpensive versus domestic and international peers, and compared to historical levels. The company is net cash with a solid yield....

David Blennerhassett

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