Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Experienced PM in Asia-focused, long-short, equity hedge funds. Top-down macro overview  generating investment themes and ideas, before moving to sector and stock selection.
The analysis of macro themes can inform your own macro strategy and/or provide a backdrop for your own stock specific research.
All information is from publicly available sources and ideas are based on our own views and analysis.

Overview #11 – China Follows Through While Japan Dithers and India Feeds the Ducks

2024 High Conviction Idea: The Case for a Rotation Out of Japan into Hong Kong - Part 1

BUY: First Pacific Company (142 HK): Right Stock Trapped in the Wrong Market

Cross Asset Strategy

<ul>
<li>Risk reward favours this shift in allocation between these markets.  </li>
<li>Short to mid-term concerns on the Indian market warrant this strategic change</li>
<li>Slowing revenue growth and less government spending leading to decelerating profits which is not yet reflected in market multiples</li>
</ul>


Risk reward favours this shift in allocation between these markets.  
Short to mid-term concerns on the Indian market warrant this strategic change
Slowing revenue growth and less government spending leading to decelerating profits which is not yet reflected in market multiples


Hang Seng China Enterprises Index (HSCEI INDEX)

Korea Stock Exchange Kospi Index (KOSPI INDEX)

Taiwan Stock Exchange Weighted Index (TWSE INDEX)

S&P BSE SENSEX Index (SENSEX INDEX EQUITY)

2025 High Conviction Idea: The Case for a Rotation Out of India into Hong Kong - Part 1