China Last Night KraneShares Week in Review Pinduoduo and Meituan reported Q3 results over the Thanksgiving holiday. The former missed on topline but beat estimates on its bottom line, while the latter saw its margins curtailed by regulation-related expenses, but beat estimates slightly on topline revenue. China released the November manufacturing, non-manufacturing, and services PMIs…
China Last Night KraneShares Key News Asian equities were largely higher with Japan underperforming as investors come to grips with the Omicron outbreak and Fed Chair Powell’s taper talk. Hong Kong internet stocks were mixed following yesterday’s Bloomberg article that China will ban the VIE structure. The CSRC, China’s SEC, said succinctly in response that…
China Last Night KraneShares Key News Asian equities were mostly flat overnight as markets search for direction following Powell’s reinstatement as US Fed Chair and in preparation for the Thanksgiving holiday in the US. Mainland China was mostly unchanged as Shanghai, Shenzhen, and the STAR Board closed +0.10%, +0.00%, and -0.27%, respectively. Meanwhile, the Hang…
China Last Night KraneShares Key News Asian equities were mixed but mostly lower overnight as Mainland China mirrored choppy trading in the US yesterday. Value outperformed in China as growth stocks, including the largest China internet names, continued to come under pressure overnight following miniscule fines over the weekend. The re-nomination of Powell was a…
China Last Night KraneShares Key News Asian equities were mixed overnight as Mainland China outperformed, led by materials. The PBOC suggested easier policy in the near to medium term, adding a tailwind for Mainland-listed equities. Shanghai, Shenzhen, and the STAR Board gained 0.61%, 1.42%, and 2.44%, respectively. Meanwhile, the Hang Seng dipped -0.39% and the…
China Last Night KraneShares Week in Review China’s retail sales beat estimates for October, according to an official release Monday. Industrial production and fixed asset investment also came in slightly higher than anticipated for the month while property investment was weak as curbs on real estate lending continued to take effect in October. Asian equities…
Topline Shares of tech giant Alibaba continued to fall on Friday, adding to the stock’s massive selloff after the company said earlier this week that it expects weaker revenue growth amid China’s slowing economy and Beijing’s ongoing regulatory crackdown. As the tech giant’s regulatory troubles continue, founder Jack Ma is nearly $30 billion poorer than…
Alibaba reported fiscal year Q2 results prior to the US open. Alibaba’s fiscal year is different than the calendar year which explains why this is the company’s Q2 and not Q3. Expectations going into the release had been dropping as the company talked down analysts’ expectations. This led me to believe we might get a…
In recent years, when we think of hot stocks, names like Tesla, Facebook, Amazon, Alibaba, Alphabet, Microsoft and Peloton come to mind. These stocks have seen quite a bit of action among hedge funds every quarter for the last few years, but we uncovered an interesting trend in the third quarter. NEW YORK, NEW YORK…
China Last Night KraneShares Week in Review The reopening trade came back to life in Asia on Monday after Pfizer said that its covid-19 pill is nearly 90% effective at reducing deaths and hospitalizations for the most vulnerable. Beneficiaries of the news included Macau casinos and airlines. Clean energy names had a strong start to…