In today’s briefing:
- The Myth of a Rising Short Position by FII in Nifty: A Bottom for the Market?
- Beike (BEKE US): New Government Measures Aimed at Promoting New Home Sales Warrants Attention
- [Blue Lotus Daily]:1810 HK/ZK US/NIO US/TSLA US/XPEV US/600104 SH/1211 HK/ LI US/LKNCY US
- [Blue Lotus Daily – TMT Update]:NTES US/4689 JP/4755 JP/4385 JP/BABA US /BIDU US/700 HK
- AUCTUS ON FRIDAY – 17/05/2024
The Myth of a Rising Short Position by FII in Nifty: A Bottom for the Market?
- FII short contracts are at an all-time high, in the past which signifies the bottom of the market.
- But It’s a myth, as Number of contracts increased in Nifty due to change in lot size.
- Data is opposite to narrative. Believe on data, Not Narrative.
Beike (BEKE US): New Government Measures Aimed at Promoting New Home Sales Warrants Attention
- Today, multiple cities in China introduced property stimulus measures to encourage buying new over existing homes. These policies also discourages people from selling their homes.
- Past measures encouraged home purchases by lowering mortgage rates and down payments, resulting in an increase in existing home transactions, because new home has developer default risks.
- This time, we saw for the first time, local Chinese governments introduced supplemental policies to guide new home purchases. We believe more of such measures can be on its way.
[Blue Lotus Daily]:1810 HK/ZK US/NIO US/TSLA US/XPEV US/600104 SH/1211 HK/ LI US/LKNCY US
- 1810 HK/ZK US/NIO US/TSLA US/XPEV US/600104 SH: Xiaomi to start double-shift production of the SU7 in June （+/-/-/-/-）
- 1810 HK/1211 HK/ LI US/ NIO US/ XPEV US: The data shows that only 2% of FSD12 users are converted to paying users, which is good for China’s automatic driving(//////////)
- LI US / NIO US/1810 HK :Li Auto takes the lead in sales in the 18th week of 2024, while Xiaomi continues to lag behind（/////）
[Blue Lotus Daily – TMT Update]:NTES US/4689 JP/4755 JP/4385 JP/BABA US /BIDU US/700 HK
- NTES US : NetEase’s <Marvel Rivals> has commenced its first round of testing, with players providing positive feedback.（+）
- 4689 JP/4755 JP/4385 JP: PayPay QR-code system crashed for three hours (-/+/+)
- BABA US /BIDU US/700 HK: China’s generative AI starts price war mode, led by ByteDance and High-Flyer（/////）
AUCTUS ON FRIDAY – 17/05/2024
- Arrow Exploration (AXL LN/CN)C; target price of £0.50 per share: Spudding high impact well – Drilling operations have started at the Carrizales Norte B Pad Horizontal Well 1.
- This is the first horizontal well drilled in the Ubaque on Tapir.
- Three more horizontal wells will be drilled on the pad.
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