Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Inside is a recap of movements in the last week relating to the Shanghai and Shenzhen-Hong Kong Stock Connect facilities, broken down by company and industry.</li>
<li>Overall, the net inflow over the past week was ~US$1.3bn, split US$0.7bn for Shanghai and US$0.6bn for Shenzhen.</li>
<li>The largest inflows were into <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a> and <a href="https://www.smartkarma.com/entities/li-auto-inc-3dbe6187-544f-40dd-b9f9-72fba9c0110e" target="_blank" data-smartkarma-citation="entities:33811:1" rel="noopener">Li Auto (2015 HK)</a>. The largest outflow was in <a href="https://www.smartkarma.com/entities/meituan-dianping" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> and <a href="https://www.smartkarma.com/entities/great-wall-motor-co-ltd-cb302af9-398c-4d2d-ba39-023e43287eef" target="_blank" data-smartkarma-citation="entities:128:1" rel="noopener">Great Wall Motor (2333 HK)</a>.</li>
</ul>


Inside is a recap of movements in the last week relating to the Shanghai and Shenzhen-Hong Kong Stock Connect facilities, broken down by company and industry.
Overall, the net inflow over the past week was ~US$1.3bn, split US$0.7bn for Shanghai and US$0.6bn for Shenzhen.
The largest inflows were into Tencent (700 HK) and Li Auto (2015 HK). The largest outflow was in Meituan (3690 HK) and Great Wall Motor (2333 HK).


Shanghai/​​​​​​​Shenzhen Southbound Connect: Weekly Moves (8 July 2022)

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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.

Quantitative Analysis

<ul>
<li>We analyze the monthly Hong Kong Connect flows with our data engine.</li>
<li>We tabulate the top stocks by inflows, outlfows, and holding by mainland investors. There have been 7 months of southbound inflows.</li>
<li>We highlight monthly flows for Li Auto, Kuaishou, HKEx, Xpeng. </li>
</ul>


We analyze the monthly Hong Kong Connect flows with our data engine.
We tabulate the top stocks by inflows, outlfows, and holding by mainland investors. There have been 7 months of southbound inflows.
We highlight monthly flows for Li Auto, Kuaishou, HKEx, Xpeng. 


Hong Kong Connect Flows Monthly (June): Li Auto, Kuaishou, HKEx, Xpeng

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Jun 24th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short interest increases in Alibaba, Geely, Wuxi Biologics, Li Auto.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Jun 24th.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short interest increases in Alibaba, Geely, Wuxi Biologics, Li Auto.


HK Short Interest: Short Increased for Alibaba, Geely, Wuxi Biologics, Li Auto

<ul>
<li>We analyze the weekly Hong Kong Connect flows with our data engine.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight inflows into automobile companies: Li Auto, Geely, Xpeng.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight inflows into automobile companies: Li Auto, Geely, Xpeng.


Hong Kong Connect Flows: Li Auto, Geely, XPeng

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/li-auto-inc" target="_blank" data-smartkarma-citation="entities:28812:1" rel="noopener">Li Auto Inc. (LI US)</a> has announced an ATM offering to sell US$2.0 billion of ADS. The offering appears to be timed to take advantage of the share price rally.</li>
<li>
<a href="https://www.smartkarma.com/entities/li-auto-inc-3dbe6187-544f-40dd-b9f9-72fba9c0110e" target="_blank" data-smartkarma-citation="entities:33811:1" rel="noopener">Li Auto (2015 HK)</a>'s strong balance sheet and cash generation do not necessitate the need for the offering. The impending launch of the Li L9 underpins its prospects. </li>
<li>However, with the recent rally, the shares are at best fully valued at the last close. We prefer remaining on the sidelines for now. </li>
</ul>



Li Auto Inc. (LI US) has announced an ATM offering to sell US$2.0 billion of ADS. The offering appears to be timed to take advantage of the share price rally.

Li Auto (2015 HK)'s strong balance sheet and cash generation do not necessitate the need for the offering. The impending launch of the Li L9 underpins its prospects. 
However, with the recent rally, the shares are at best fully valued at the last close. We prefer remaining on the sidelines for now. 


China

Li Auto Inc. manufactures automobiles. The Company designs, develops, and sells smart new energy electric sport utility vehicles. Li Auto conducts businesses in China.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Li Auto (2015 HK)

Shanghai/Shenzhen Southbound Connect: Weekly Moves (8 July 2022)

Inside is a recap of movements in the last week in the Shanghai/Shenzhen-Hong Kong Connect. The net inflow over the past week was ~US$1.3bn, split...

David Blennerhassett

Hong Kong Connect Flows Monthly (June): Li Auto, Kuaishou, HKEx, Xpeng

We highlight the 7th month of consecutive inflows from mainland to HK and individual stocks with top inflows: Li Auto, Kuaishou, HKEx, Xpeng.

Ke Yan, CFA, FRM

HK Short Interest: Short Increased for Alibaba, Geely, Wuxi Biologics, Li Auto

We highlight week on week short interest increases in Alibaba, Geely, Wuxi Biologics, Li Auto based on the latest Hong Kong SFC short aggregate...

Ke Yan, CFA, FRM

Hong Kong Connect Flows: Li Auto, Geely, XPeng

We highlight southbound Hong Kong Connect inflows into automobile companies last week including Li Auto (2015 HK), Geely (175 HK), Xpeng (9868 HK).

Ke Yan, CFA, FRM

Li Auto’s US$2 Billion ATM Offering

The offering appears to be timed to take advantage of the share price rally. The shares are at best fully valued at the last close. We prefer...

Arun George

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Shanghai/​​​​​​​Shenzhen Southbound Connect: Weekly Moves (8 July 2022)

Inside is a recap of movements in the last week in the Shanghai/Shenzhen-Hong Kong Connect. The net inflow over the past week was ~US$1.3bn, split...

David Blennerhassett

Hong Kong Connect Flows Monthly (June): Li Auto, Kuaishou, HKEx, Xpeng

We highlight the 7th month of consecutive inflows from mainland to HK and individual stocks with top inflows: Li Auto, Kuaishou, HKEx, Xpeng.

Ke Yan, CFA, FRM

HK Short Interest: Short Increased for Alibaba, Geely, Wuxi Biologics, Li Auto

We highlight week on week short interest increases in Alibaba, Geely, Wuxi Biologics, Li Auto based on the latest Hong Kong SFC short aggregate...

Ke Yan, CFA, FRM

Hong Kong Connect Flows: Li Auto, Geely, XPeng

We highlight southbound Hong Kong Connect inflows into automobile companies last week including Li Auto (2015 HK), Geely (175 HK), Xpeng (9868 HK).

Ke Yan, CFA, FRM

Li Auto’s US$2 Billion ATM Offering

The offering appears to be timed to take advantage of the share price rally. The shares are at best fully valued at the last close. We prefer...

Arun George

Shanghai/Shenzhen Southbound Connect: Weekly Moves (8 July 2022)