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.

After the Rally. What Next for the Hong Kong Market?

China Crosses the Rubicon - Direct Payments to Kickstart Consumption

Overview #10 -China Knocks It Out of the Park

Cheers! Raise a Glass to China Resources Beer (0291.HK)

CR Beer (291 HK) – 1H rev/EBIT +13%/26%; Heineken grew 60%

China Resources Beer Holdings (291.HK) Starts 2024 with a Bang!

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Further Opportunities in the Hong Kong Market

Equity Bottom-Up

China Resources Beer Holdings / Equity Bottom-Up

<ul>
<li>The company's strategy of premiumisation continues to be executed to plan</li>
<li>Despite the derating, investors will wait until seeing concrete signs of a turn in the Chinese consumer</li>
<li>Continues to be a liquid proxy for Chinese consumption with no technology regulation risk</li>
</ul>


The company's strategy of premiumisation continues to be executed to plan
Despite the derating, investors will wait until seeing concrete signs of a turn in the Chinese consumer
Continues to be a liquid proxy for Chinese consumption with no technology regulation risk


China Resources Beer Holdings - Interim Results Show Progress but Macro Headwinds Remain