External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Thematic (Sector/Industry)

<ul><li>Continue to support digital economy development </li><li>Encouraging technology breakthroughs, innovations, and overseas expansion. </li><li>Business model robustness, operating leveraging improvement, and ability to expand to new revenue streams will be the key stock alpha drivers.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Continue to support digital economy development Encouraging technology breakthroughs, innovations, and overseas expansion. Business model robustness, operating leveraging improvement, and ability to expand to new revenue streams will be the key stock alpha drivers.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Internet – Quality growth and further digitization penetration provide growth support

Asia biased macro & technical analysis, Untying The Gordian Knot

Untying The Gordian Knot

Asia biased macro & technical analysis

A differentiated process with a primary focus on Asia. Technical Analysis as core and Macro drivers that could bring the view to fruition & changes that could make the idea fall apart. The objective is to be the best in class, hence corner shop.

Technical Analysis

<ul><li>The announcement of easing most Covid restrictions resulted in a new rally high, but the close was below at least the previous two-day open/closes, making it an outside day reversal pattern.</li><li>This note highlights the reversal patterns in HSI, HSTECH, AIA, and Tencent. These have some of the cleanest reversal patterns.</li><li>In real estate, SOEs like China Resource Land [-11.75% from 30th November intraday peak] and China Overseas Land [-9.7% from 29th intraday peak] reversed before the China Mainland Property index [6th December], a reflection of a short squeeze as a crucial driver of sector rally. Longfor peaked on 6th December and is down 17% after a 276% rally.</li></ul>

The announcement of easing most Covid restrictions resulted in a new rally high, but the close was below at least the previous two-day open/closes, making it an outside day reversal pattern.This note highlights the reversal patterns in HSI, HSTECH, AIA, and Tencent. These have some of the cleanest reversal patterns.In real estate, SOEs like China Resource Land [-11.75% from 30th November intraday peak] and China Overseas Land [-9.7% from 29th intraday peak] reversed before the China Mainland Property index [6th December], a reflection of a short squeeze as a crucial driver of sector rally. Longfor peaked on 6th December and is down 17% after a 276% rally.

Hang Seng Index, Hang Seng Tech Index, AIA, Tencent, and China Resource Land

<ul><li>Volume picked up on Tuesday, 29th November, just slightly below the 15th November volume, the previous buying climax.</li><li>Wednesday's Volume fell 10% with new price highs.</li><li>The erratic rather than trending Volume without capitulation volume on the 31st October price lows are hallmarks of a bear market rally.</li></ul>

Volume picked up on Tuesday, 29th November, just slightly below the 15th November volume, the previous buying climax.Wednesday's Volume fell 10% with new price highs.The erratic rather than trending Volume without capitulation volume on the 31st October price lows are hallmarks of a bear market rally.

Volume, Call Options, Tencent, and China Overseas

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Cover Story: China lines up yet more aid for the property sector, but will it be enough? (Part 1）</li><li>Guangzhou spares homebound from mass Covid testing</li><li>Cold snap in Northwest China leaves livestock trapped and herdsmen missing</li></ul>

Cover Story: China lines up yet more aid for the property sector, but will it be enough? (Part 1）Guangzhou spares homebound from mass Covid testingCold snap in Northwest China leaves livestock trapped and herdsmen missing

CX Daily: China Lines Up Yet More Aid for the Property Sector, But Will It Be Enough? (Part 1）

<ul><li>In Depth: Cosco alters course in the face of shipping headwinds.</li><li>China plans to put nuclear-powered base on the moon by 2028.</li><li>China’s ‘Big Six’ state banks offer developers $130 billion in credit lines.</li></ul>

In Depth: Cosco alters course in the face of shipping headwinds.China plans to put nuclear-powered base on the moon by 2028.China’s ‘Big Six’ state banks offer developers $130 billion in credit lines.

CX Daily: Cosco Alters Course in the Face of Shipping Headwinds

China

Tencent Holdings Limited operates as an investment holding company. The Company, through its subsidiaries, provides Internet and mobile value-added services (VAS), online advertising, and e-commerce transactions. Tencent Holdings offers services to users worldwide.

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Tencent (700 HK)

China Internet – Quality growth and further digitization penetration provide growth support

Continue to support digital economy development. Encouraging technology breakthroughs, innovations, and overseas expansion.

CMB International

Hang Seng Index, Hang Seng Tech Index, AIA, Tencent, and China Resource Land

The announcement of easing most Covid restrictions resulted in a new rally high, but the close was below at least the previous two-day open/closes,...

Untying The Gordian Knot

Volume, Call Options, Tencent, and China Overseas

Volume picked up on Tuesday, 29th November, just slightly below the 15th November volume, the previous buying climax. Wednesday's Volume fell 10%...

Untying The Gordian Knot

CX Daily: China Lines Up Yet More Aid for the Property Sector, But Will It Be Enough? (Part 1）

Cover Story: China lines up yet more aid for the property sector, but will it be enough? (Part 1). Guangzhou spares homebound from mass Covid testing

Caixin Global

CX Daily: Cosco Alters Course in the Face of Shipping Headwinds

In Depth: Cosco alters course in the face of shipping headwinds. China plans to put nuclear-powered base on the moon by 2028.

Caixin Global

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