In today’s briefing:
- [Blue Lotus Daily – TMT Update]:BABA/CPNG/PDD/700 HK/NTES/3690 HK
- [Blue Lotus Daily]:LKNCY/XPEV/LI/NIO/1211 HK/300750 CH
- Picking a Benchmark
- Weekly Sustainable Investing Surveyor – Week Ended February 2, 2024
[Blue Lotus Daily – TMT Update]:BABA/CPNG/PDD/700 HK/NTES/3690 HK
- BABA/CPNG/PDD: AliExpress offering 0% commission to sellers of Korean brand products (+/-/-)
- 700 HK/NTES:NPPA has released the latest approvals for imported games, and Tencent’s highly anticipated <DNF Mobile> has received approval(+)
- 3690 HK: Meituan changed organizational structure by consolidating In-store and food delivery business(+)
[Blue Lotus Daily]:LKNCY/XPEV/LI/NIO/1211 HK/300750 CH
- LKNCY: Luckin Coffee further raised subsidy to franchisees in winter season(-)
- XPEV/LI/NIO/1211 HK:Deliveries of new energy vehicles generally continued to pick up in the last three days of January, except for NIO(+/+/-/+)
- 300750 CH: EVE’s large cylindrical battery in production, increasing the threat to CATL a little bit(-)
Picking a Benchmark
- As I reflected on my performance in 2023, I was reminded that benchmarking can be a brutal process.
- But it keeps you humble. I don’t spend a lot of time thinking about my chosen benchmark, the S&P 500.
- I occasionally think as an international investor I should change it.
Weekly Sustainable Investing Surveyor – Week Ended February 2, 2024
- The WTR Sustainable Index was up by 1.0% W/W versus the S&P 500 Index (up 1.4%), the Russell 2000 Index (down 0.8%), and the Nasdaq Index (up 1.3%).
- Energy Technology (13.9% of the index) was up by 5.1%, while Industrial Climate and Ag Technology (54.5% of the index) was up 1.1%, ClimateTech Mining was down 5.4%, and Advanced Transportation Solutions was up 0.1%.
- Top 10 Performers: EVTV, PLUG, JEV, NXT, VIEW, PGTK, LCID, NAAS, ANRG, ELBM
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