Quiddity Weekly H/A: Consumer Strong, Spreads Narrowing Masks A-Share Weakness
The move in H/A spreads was 96bp this week. The strength in spreads masks some A-share weakness in the big and liquid names. Quiddity long/short...
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Tencent Placement Lock-Up Expiry - Block and Buyback Linked Holdco Trade Update
On 22nd March 2018, in Hong Kong one of the largest overnight placements was launched. On that day, Naspers sold US$10bn worth of Tencent shares....
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Rakuten - Strategic Investments Raise Needed Cash and Level the Playing Field
The investments in Rakuten solve near-term cash concerns but it is the presence of powerful allies that make this a milestone
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Hong Kong Connect Weekly: $3.7bn Outflows Biggest Seen in a Year
We look at the Hong Kong Connect flow last week. We highlight the $3.7bn outflows from Hong Kong and the inflows into Xiaomi Corporation (1810 HK)...
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Baidu Secondary Listing - Smaller than Expected, Doing the Bare Minimum
Baidu plans to raise around US$3bn in its secondary listing in Hong Kong. I have covered most aspects of the deal in my earlier note. In this note,...
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