In today’s briefing:
- Tencent/Netease: September Batch of Game Approval & Thoughts on Trading
- Sector Vs Factor-Based Benchmark Selection
Tencent/Netease: September Batch of Game Approval & Thoughts on Trading
- China just announced game approval for September batch. More games were approved in September compared to July, June and August.
- Pace of China game approval continued to pick up albeit at a much slower pace than pre-tightening.
- Tencent continue to score zero and Netease managed to get one game approved in 14 months.
Sector Vs Factor-Based Benchmark Selection
- Manager-Selected benchmarks are suboptimal as they are not free of conflict of interests
- Perhaps, investors can use sectors to identify more appropriate benchmarks
- However, this ignores factors, which are better at explaining investment returns
💡 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
