Checking in on the Topix-Nikkei Skew Trade
Our TOPIX-Nikkei skew trade has a slight inherent short bias as Nikkei is more growth skewed but it has nevertheless generated a positive return...
297 Views
Revisiting the Topix-Nikkei Skew Trade
Early last year we suggested trading this skew which would have generated 10-12% pure alpha within four trading days. This trade is starting to...
387 Views
SMC – OP Beat Incoming but so Is the Downcycle
SMC's 2Q was a nice beat but cyclical patterns suggest a revenue downturn is incoming at a time when valuations are extremely stretched.
288 Views
MicroPort MedBot IPO Trading - Decent Demand But Upside Is Limited from the Top-End
Shanghai MicroPort MedBot Group (MM), a surgical robot company, raised around US$200m in its Hong Kong IPO. In this note we will talk about the...
185 Views
Fanuc – Whoomp! There It Is
On Friday we warned that Fanuc might come through with a surprise downgrade as a result of weakness in its Robomachine division. They did.
323 Views