HSTECH Index Rebalance: Float & Capping Changes Result in 8% Turnover & US$2.5bn Round-Trip Trade
⬇ $JD.com (09618)$ - Float and capping changes will result in one-way turnover of 8% and in a round-trip trade of HK$19.2bn (US$2.46bn). Li Auto is the largest passive buy; Meituan, Xiaomi and JD.com are the big sells. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/hstech-index-rebalance-float-capping-changes-result-in-8-turnover-us-2-5bn-round-trip-trade?utm_source=tiger_community By Brian Freitas, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/brian-freitas?utm_source=tiger_community On JD.com (09618):- https://www.smartkarma.com/entities/jd-com-inc?utm_source=tiger_community
HSTECH June 2024 Rebal - No Changes But Big Capping Flows, As Expected; 8% US$1.6bn One-Way
⬆ $Li Auto (02015)$ - Quiddity did not expect any name changes to the HSTECH index in June 2024 but we expected big flows because of significant capping impact, mostly predictable. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/hstech-june-2024-rebal-no-changes-but-big-capping-flows-as-expected-8-us-1-6bn-one-way?utm_source=tiger_community By Travis Lundy, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/travis-lundy?utm_source=tiger_community On Li Auto (02015):- https://www.smartkarma.com/entities/li-auto-inc-3dbe6187-544f-40dd-b9f9-72fba9c0110e?utm_source=tiger_community
Quiddity HSTECH Jun 24 Final Expectations: US$1.6bn One-Way; Li Auto, JD, Xiaomi, Meituan, & Tencent
⬆ $Li Auto (02015)$ - I estimate one-way flow to be US$1,585mn which translates to a turnover of roughly 8.3%. I do not expect any constituent changes for the HSCEI June 2024 index rebal event. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/quiddity-hstech-jun-24-final-expectations-us-1-6bn-one-way-li-auto-jd-xiaomi-meituan-tencent?utm_source=tiger_community By Janaghan Jeyakumar, CFA, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/janaghan-jeyakumar-cfa?utm_source=tiger_community On Li Auto (02015):- https://www.smartkarma.com/entities/li-auto-inc-3dbe6187-544f-40dd-b9f9-72fba9c0110e?utm_source=tiger_community
HSTECH Index Rebalance Preview: Round-Trip Trade of US$2.4bn in June
⬇ $JD.com (09618)$ - We do not forecast any constituent changes for the HSTECH in June but there could be capping changes for 7 stocks. Li Auto is the big buy; there will be selling in Meituan, Xiaomi, JD.com and Tencent. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/hstech-index-rebalance-preview-round-trip-trade-of-us-2-4bn-in-june?utm_source=tiger_community By Brian Freitas, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/brian-freitas?utm_source=tiger_community On JD.com (09618):- https://www.smartkarma.com/entities/jd-com-inc?utm_source=tiger_community
HSTECH Index Rebalance Preview: Round-Trip Trade of US$1.5bn in June
⬆ $Li Auto (02015)$ - We do not expect any constituent changes for the HSTECH Index in June. Capping changes will result in a one-way turnover of 5.3% leading to a round-trip trade of US$1.51bn. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/hstech-index-rebalance-preview-round-trip-trade-of-us-1-5bn-in-june?utm_source=tiger_community By Brian Freitas, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/brian-freitas?utm_source=tiger_community On Li Auto (02015):- https://www.smartkarma.com/entities/li-auto-inc-3dbe6187-544f-40dd-b9f9-72fba9c0110e?utm_source=tiger_community
Hang Seng Tech Index Surges by 20%, Is There Still Opportunity?
Hello Tigers,As of the close of March 12, 2024, the Hang Seng Tech Index has surged by over 20% since February 1st, entering what's technically considered a bull market. After this significant rise, the Hang Seng Tech Index, which has been relatively obscure for over a year, is back in everyone's focus.There's an old saying in the stock market: the most painful thing isn't losing money, but missing out.Faced with such a market, should one stubbornly jump in or continue to wait and watch? At the end of this text, I'll give you a simple and scientifically-backed answer. But before that, let me explain what the Hang Seng Tech Index is.1.What is the Hang Seng Tech Index?A. Composition of the Hang Seng Tech IndexAs of September 20, 2023, the Hang Seng Tech Index consists of 30 stocks, with a re
Quiddity HSTECH Jun 24 Leaderboard: Capping Flows Li Auto, Meituan, and XPeng
⬆ $Li Auto (02015)$ - I expect one-way flow to be be around US$268mn which translates to a turnover of 2.1%. These expectations can change over the next few weeks as share prices change. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/quiddity-hstech-jun-24-leaderboard-capping-flows-li-auto-meituan-and-xpeng?utm_source=tiger_community By Janaghan Jeyakumar, CFA, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/janaghan-jeyakumar-cfa?utm_source=tiger_community On Li Auto (02015):- https://www.smartkarma.com/entities/li-auto-inc-3dbe6187-544f-40dd-b9f9-72fba9c0110e?utm_source=tiger_community
HSI, HSCEI, HSTECH, HSIII: Rebalance Flows Post Capping (Mar 2024)
⬇ $Li Auto (02015)$ - Tencent (700 HK), Meituan (3690 HK) and Tongcheng Travel (780 HK) are the biggest buys while Alibaba (9988 HK), Li Auto (2015 HK), HSBC (5 HK) are the biggest sells. Round-trip trade is over US$2bn. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/hsi-hscei-hstech-hsiii-rebalance-flows-post-capping-mar-2024?utm_source=tiger_community By Brian Freitas, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/brian-freitas?utm_source=tiger_community On Li Auto (02015):- https://www.smartkarma.com/entities/li-auto-inc-3dbe6187-544f-40dd-b9f9-72fba9c0110e?utm_source=tiger_community
⬆ $Tongcheng Travel Holdings (00780)$ - Tongcheng Travel replaces GDS Holdings in the HSTECH at the close on 1 March. GDS is also a delete from a global index on 29 Feb, Positioning in Tongcheng is smaller than the positioning in GDS. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/hstech-index-rebalance-tongcheng-780-hk-in-gds-9698-hk-out-round-trip-trade-us-1bn?utm_source=tiger_community By Brian Freitas, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/brian-freitas?utm_source=tiger_community On Tongcheng Travel Holdings (00780):- https://www.smartkarma.com/entities/tongcheng-travel-holdings-ltd?utm_source=tiger_community
Quiddity HSTECH Mar 24 Flow Expectations: US$415mn One-Way if the Low-Conviction Change Takes Place
⬇ $GDS Holdings (09698)$ - I see US$415mn one-way index flows assuming Tongcheng Travel (780 HK) gets added and GDS Holdings (9698 HK) gets deleted. However, I see these as low-conviction expectations. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/quiddity-hstech-mar-24-flow-expectations-us-415mn-one-way-if-the-low-conviction-change-takes-place?utm_source=tiger_community By Janaghan Jeyakumar, CFA, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/janaghan-jeyakumar-cfa?utm_source=tiger_community On GDS Holdings (09698):- https://www.smartkarma.com/entities/gds-holdings-ltd?utm_source=tiger_community