Tencent Music Entertainment Buyback– Are Archegos Hit Stocks Cheap Enough?
A number of US ADR stocks were hit hard over the past week, apparently driven by a liquidation of a US hedge fund. Tencent Music (TME US) shares...
263 Views
Bairong IPO Trading - Strong Overall Demand but Comes with Large Retail Allocation
Bairong raised around US$508m in its Hong Kong IPO. We have covered various aspects of the deal in our earlier notes. In this note, we will talk...
282 Views
Tencent Music Announces US$1bn Buyback After Shares Dip Double-Digit
We would recommend making an entry at the current multiple as we believe the announced buyback will likely help share price to move up in the short...
254 Views
China ADRs- Blocks, Liquidation, Buyback - Implications
On 25th Mar 2021, we wrote about the knee jerk correction in some of the China ADRs. Since then the ADRs have corrected further. In this note, we...
416 Views
Hong Kong Connect Flows: Tencent/Meituan Flow Divergence
We highlight inflows into Tencent Holdings Limited (700 HK), as well as outflows from Meituan (3690 HK), and Smoore International Holdings Limited...
187 Views