Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

China Renaissance Holdings / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/china-renaissance-holdings-l" target="_blank" data-smartkarma-citation="entities:27365:1" rel="noopener"><strong>China Renaissance (1911 HK)</strong></a> was once touted as a "<em>leading investment bank and asset manager dedicated to the new economy</em>". At the time of its 1Q21 post-IPO high, it was.</li>
<li>Late last Thursday, the 16 February, CR said it was <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0216/2023021600837.pdf" target="_blank" rel="noopener">unable to contact</a> (hours, days, weeks?) Bao Fan, its chairman, CEO, and controlling shareholder. Shares subsequently fell 28%.</li>
<li>Bao is the face of CR and instrumental in client dealing and complex large-scale deal making. Clarification is recommended before investors dip their toe back in the water.</li>
</ul>



China Renaissance (1911 HK) was once touted as a "leading investment bank and asset manager dedicated to the new economy". At the time of its 1Q21 post-IPO high, it was.
Late last Thursday, the 16 February, CR said it was unable to contact (hours, days, weeks?) Bao Fan, its chairman, CEO, and controlling shareholder. Shares subsequently fell 28%.
Bao is the face of CR and instrumental in client dealing and complex large-scale deal making. Clarification is recommended before investors dip their toe back in the water.


China Renaissance (1911 HK): Loss of Face

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

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.

Equity Bottom-Up

<ul>
<li>The Chinese online game market shrank for the first time in 2022.</li>
<li>Tencent's WeChat plans to launch a cooked food delivery platform.</li>
<li>Douyin dismissed 15% employees in PICO, which is Douyin's virtual reality team.</li>
</ul>


The Chinese online game market shrank for the first time in 2022.
Tencent's WeChat plans to launch a cooked food delivery platform.
Douyin dismissed 15% employees in PICO, which is Douyin's virtual reality team.


China Internet Weekly (20Feb2023): Tencent, Douyin, Yunda, Dingdong

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>[Daily 1]    3690HK：Meituan is testing short video and live streaming function for food delivery (+);  [Daily 2]   PDD: Shein is to launch its online marketplace in the US(-) </li>
<li>[Daily 3]    700HK/WB：WeChat official account makes key updates on image formatting（+/-）</li>
<li>[Daily 4]    700HK:Supercell 2022 topline down 6% YoY with several challenges(-)</li>
</ul>


[Daily 1]    3690HK：Meituan is testing short video and live streaming function for food delivery (+);  [Daily 2]   PDD: Shein is to launch its online marketplace in the US(-) 
[Daily 3]    700HK/WB：WeChat official account makes key updates on image formatting（+/-）
[Daily 4]    700HK:Supercell 2022 topline down 6% YoY with several challenges(-)


China TMT Update (Feb.17) - Meituan, PDD, Shein, Tencent, WB - Meituan Is Testing Short Video

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

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Quantitative Analysis

<ul>
<li>We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of February 17th.</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 estimate the total inflows to be USD 960m and  highlight flows for Meituan, Xiaomi, Tencent.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of February 17th.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We estimate the total inflows to be USD 960m and  highlight flows for Meituan, Xiaomi, Tencent.


Hong Kong Connect Flows (Feb 17th): Meituan, Xiaomi, Tencent

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Equity Capital Markets

<ul>
<li>Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.</li>
<li>On the IPO front, <a href="https://www.smartkarma.com/entities/pertamina-geothermal-energy-pt" target="_blank" data-smartkarma-citation="entities:36725:1" rel="noopener">Pertamina Geothermal</a> <a href="https://www.smartkarma.com/entities/pt-pertamina-persero" target="_blank" data-smartkarma-citation="entities:35862:1" rel="noopener"></a>is set to make its debut in the coming week.</li>
<li>Placements picked up pace this week, with multiple deals across geographies.</li>
</ul>


Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
On the IPO front, Pertamina Geothermal is set to make its debut in the coming week.
Placements picked up pace this week, with multiple deals across geographies.


ECM Weekly (19th Feb 2023) - Rakuten Bank, ZJLD, REPT, Link REIT, SoCar, Ryman, Indigo, ESR, Oasis

China

Meituan operates as a web based shopping platform for locally found consumer products and retail services. The Company offers deals of the day by selling vouchers on local services and entertainment, dining, delivery, and other services. Meituan provides its services throughout China.

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Meituan (3690 HK)

China Renaissance (1911 HK): Loss of Face

When your key man, who is instrumental to the company's fortunes - and its major shareholder - disappears without any explanation, it is a brave...

David Blennerhassett

China Internet Weekly (20Feb2023): Tencent, Douyin, Yunda, Dingdong

The Chinese online game market shrank for the first time in 2022. Tencent WeChat plans to launch a food delivery platform. Douyin dismissed 15%...

Ming Lu

China TMT Update (Feb.17) - Meituan, PDD, Shein, Tencent, WB - Meituan Is Testing Short Video

Meituan is testing short video and live streaming function for food delivery (+); PDD: Shein is to launch its online marketplace in the US(-);

Blue Lotus Research Institute

Hong Kong Connect Flows (Feb 17th): Meituan, Xiaomi, Tencent

We analyzed the Hong Kong Connect Scheme for last week and highlight inflows for Meituan, Xiaomi and outflows from Tencent.

Ke Yan, CFA, FRM

ECM Weekly (19th Feb 2023) - Rakuten Bank, ZJLD, REPT, Link REIT, SoCar, Ryman, Indigo, ESR, Oasis

Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.

Sumeet Singh

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52-week Range

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