In today’s briefing:
- Short Interest Movements (Q1 2023): HK, Korea, Taiwan, Australia
- A-H Premium Weekly (Mar 31st): Yankuang Energy, CRRC, China Telecom, CCCC
- HK Short Interest Weekly: Bidu, Baba, Byd Company
- Hong Kong Connect Flows (Mar 31st): Tencent, Meituan, Bilibili, Lenovo, Kingsoft, CCB
- Northbound Flows (Mar 31st): Moutai, CATL, Byd, Sinopec, Foxconn, Haier Smart Home
Short Interest Movements (Q1 2023): HK, Korea, Taiwan, Australia
- Total short interest in Hong Kong is HK$435.1bn, marginally higher from end-December. Short notional has moved in line with the Hong Kong Hang Seng Index (HSI INDEX).
- Total short notional of the KOSPI and KOSDAQ market has moved up since end-December and is in line with the move higher in the KOSPI2 INDEX and KOSDAQ 150 Index.
- Short notional in Taiwan is lower over the quarter even as the TWSE INDEX has moved higher over the period. There has been big short covering on some stocks.
A-H Premium Weekly (Mar 31st): Yankuang Energy, CRRC, China Telecom, CCCC
- We analyse the changes of A-H premium on 143 stocks over the last week. The average A-H premium was 113.6% as of Mar 31st.
- The average A-H premium changed by -0.5ppt week on week, led by communication services, energy, utilities and offset by consumer staples, health care.
- We highlight weekly changes in A-H premium for Yankuang Energy, CRRC, China Telecom, CCCC.
HK Short Interest Weekly: Bidu, Baba, Byd Company
- We analyzed the latest HK SFC report for aggregate short position as of Mar 24th.
- Top short increases and decreases were tabulated for one week and four week period.
- We estimate the total short interest to increase by 1.4% week on week and highlight short changes in Bidu, Baba, Byd Company.
Hong Kong Connect Flows (Mar 31st): Tencent, Meituan, Bilibili, Lenovo, Kingsoft, CCB
- We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of March 31st.
- The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
- We highlight flows for Tencent, Meituan, Bilibili, Lenovo, Kingsoft, China Construction Bank.
Northbound Flows (Mar 31st): Moutai, CATL, Byd, Sinopec, Foxconn, Haier Smart Home
- We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine for holding position as of March 31st.
- We estimate the weekly inflows to be US$1,598.1 million, led by consumer staples, industrials, communication services sectors, and offset by financials, materials.
- We highlight flows for Kweichow Moutai, Contemporary Amperex Technology, Byd, China Petroleum And Chemical, Foxconn Industrial Internet, Haier Smart Home, Beijing Kingsoft Office Software.Inc, East Money Information, Gree Electric Appliances.
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