In today’s briefing:
- Xiabuxiabu (520 HK): Strong CNY Bodes Well for the Year of 2023
- Quiddity Flow Expectations HSCEI Mar 23: One Change + Caps for Meituan, Alibaba, and Tencent
Xiabuxiabu (520 HK): Strong CNY Bodes Well for the Year of 2023
- China catering players have seen strong recovery during the Chinese New Year starting from Jan 22th, amidst a broad-based revival of the service sector as a whole.
- For Xiabuxiabu, latest data points suggest significant progress in turnaround and higher visibility into 2023 performance.
- We see upside to our financial projection for 2023 and are more confident that Xiabuxiabu is the most attractively-priced to play re-opening in China catering sector. Expect 50% upside.
Quiddity Flow Expectations HSCEI Mar 23: One Change + Caps for Meituan, Alibaba, and Tencent
- In this insight, we take a look at the potential index changes and the resultant capping flows for the Hang Seng China Enterprises Index (HSCEI INDEX) in March 2023.
- According to our estimation, there could be one change for the HSCEI in March 2023 and there could be one-way index flows of US$440mn.
- The final index changes along with indicative capping and index weights could be published in Mid/Late-February 2023 and implemented in early-March 2023.
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