Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

An inquisitive investment analyst with background in both finance and computing. Covering ECM research, biotech, market data analytics.

Asia Pac IPO & Placement Research, China biotech

Hong Kong's Future? 3 structural bears for retailer/tourism

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Thematic (Sector/Industry)

Hong kong Financials / Thematic (Sector/Industry)

I talked about 3 structural bears for Hong Kong's tourism <a href="http://www.smartkarma.com/insights/hong-kong-s-future-3-structural-bears-for-retailer-tourism" target="_blank">earlier this year</a> in February:1. How Hong Kong is losing its attractiveness as tourist spot as China develops. 2. How loosening Visa requirement by other countries draws tourist crowds away from Hong Kong. 3. How Hong Kong is losing its shopping destination halo for mainland Chinese.I re-iterate my bearish view on Hong Kong's tourism and provide updates from touristm data reported around the world which paints a clear picture of where the herd of Chinese tourist are heading.Our data shows that Japan and Thailand are the most sought after tourist destination this year, with arrivals from China growing by 117% and 107% respectively YTD. We also provide interesting media references of Chinese shopping in Japan just two days into one-week long Chinese National Day holiday.

I talked about 3 structural bears for Hong Kong's tourism earlier this year in February:1. How Hong Kong is losing its attractiveness as tourist spot as China develops. 2. How loosening Visa requirement by other countries draws tourist crowds away from Hong Kong. 3. How Hong Kong is losing its shopping destination halo for mainland Chinese.I re-iterate my bearish view on Hong Kong's tourism and provide updates from touristm data reported around the world which paints a clear picture of where the herd of Chinese tourist are heading.Our data shows that Japan and Thailand are the most sought after tourist destination this year, with arrivals from China growing by 117% and 107% respectively YTD. We also provide interesting media references of Chinese shopping in Japan just two days into one-week long Chinese National Day holiday.  

Greaterchina Professional Services (8193 HK)

Southwest Securities Intl Securities (812 HK)

Orient Securities Intl Holdings (8001 HK)

China Financial International Investment (721 HK)

China Ding Yi Feng Holdings Limited (612 HK)

Freeman FinTech Corporation Limited (279 HK)

China Merchants China Direct Investments (133 HK)

China Medical & HealthCare Group Limited (383 HK)

China Smarter Energy Group Holdings (1004 HK)

China Development Bank Intrntnl Invstmnt (1062 HK)

Cosmopolitan International Holdings Limited (120 HK)

Cosmopolitan International Holdings Limited

Oi Wah Pawnshop Credit Holdings (1319 HK)

Haitong International Securities Group (665 HK)

China Development Bank Financial Leasing (1606 HK)

(QUICK UPDATE) Tracking the herd of Chinese tourist: Japan and Thailand top the list