In today’s briefing:
- “Buy the Worst” HSI Strategy: Big Win in 2022 and Let’s See if It Can Sustain in 2023
“Buy the Worst” HSI Strategy: Big Win in 2022 and Let’s See if It Can Sustain in 2023
- “Buy the Worst” strategy returned 1.9% in 2022, sharply outperformed HSI’s 15% drop. In the last two years, this strategy recorded massive aggregate outperformance of 41pp against HSI.
- For 2023, we expect to switch into Country Garden (2007 HK), Sunny Optical (2382 HK), Country Garden Services (6098 HK), Geely Auto (175 HK) and Techtronic Industries (669 HK).
- Aggressive investors can consider shorting 2022 best-performing portfolio of Sands China (1928 HK), Haidilao (6862 HK), Galaxy Entertainment (27 HK), China Shenhua (1088 HK) and China Unicom (762 HK).
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
