Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Asia HY Monthly - China's Three Red Lines - Lucror Analytics

Quantitative Analysis

Hong kong Real estate / Quantitative Analysis

With <a href="https://www.smartkarma.com/entities/evergrande-real-estate-group-limited" target="_blank" data-smartkarma-citation="entities:479:1" rel="noopener">Evergrande Real Estate Group (3333 HK)</a> averting a cash crunch for now and kicking the can further down the road, the stock quickly soared over the last week and the media has started to highlight how shorts in the stock have been burned repeatedly over the last few years.Using data starting from March 2017, we estimate that shorts have lost in excess of HK$10.1bn till date. Most of the losses were sustained in 2017, starting with the buyback and then continuing as the stock soared nearly 400% from the lows. Losses to the shorts since then have not been very high with periods of sustained gains offset by sharp rallies in the stock leading to losses.In this Insight, we look at some of the recent news flow on the stock, the evolution of shorts, the company buybacks, and the losses sustained by the shorts.

With Evergrande Real Estate Group (3333 HK) averting a cash crunch for now and kicking the can further down the road, the stock quickly soared over the last week and the media has started to highlight how shorts in the stock have been burned repeatedly over the last few years.Using data starting from March 2017, we estimate that shorts have lost in excess of HK$10.1bn till date. Most of the losses were sustained in 2017, starting with the buyback and then continuing as the stock soared nearly 400% from the lows. Losses to the shorts since then have not been very high with periods of sustained gains offset by sharp rallies in the stock leading to losses.In this Insight, we look at some of the recent news flow on the stock, the evolution of shorts, the company buybacks, and the losses sustained by the shorts.

Evergrande - How Much Have the Shorts Lost?