cletibals

cletibals Updated 

Merry Christmas everyone! With holidays just right around the corner, trading activity has slowed down with most people taking leave - so has mine too. I have taken most of my profits and achieved a total return of 48% this year. Will be taking the next two weeks off to rest and reflect on my trades this year but not without leaving everyone with a long term play...

cletibals Updated 

China sportswear players in 1H20 overall delivered in line or better-than expected results. Li Ning has outperformed its peers (Anta and Xtep) this year with core earnings up 22% y-o-y. This is mainly due to its elevated brand presence and increase efficiencies in the business. Although sales and margins were evidently impacted by Covid-19, I remain extremely...

cletibals Updated 

In JLL's latest report - "Reimagine the Future of Real Estate"; Nearly half of 80 real estate firms in China surveyed foresee proptech budget to be up by 30% in the next two years. JLL cites competitive advantage, enhancing human experience, streamlining operations, and health & safety as reasons. Additionally, China accounted for a third of all proptech funding...

cletibals

HKEX posted positive earnings today. Below are the financial highlights: YTD Q3 2020 revenue and other income was 12 per cent higher than YTD Q3 2019, a nine-month record high - - Core business revenue was up 21 per cent against YTD Q3 2019, reflecting higher trading and clearing fees driven by record headline ADT2 - Stock Connect revenue and other income reached...

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Vaccine news from Pfizer (PFE) and BioNTech (BNTX) seems to have cause another sector rotation from "Covid" proof stay at home (Look at PTON) stocks to the more cyclical stocks (Think airlines, banks, etc...). The HSI futures are also up 600 points which indicates that we will be seeing another green day tomorrow for the HK markets. Pay special attention to real...

cletibals Updated 

SEHK 2013 Weimob just formed a double bottom pattern. MACD just turned bullish and Money Flow is pointing upwards which indicates a suitable swing trade for the next few days. Views are my own and should be meant for discussion and educational purposes only. Please make your own investment/trading decisions!

cletibals Updated 

The Hang Seng Index has finally broken out of the short-medium term downtrend, as you can see, the market opened out of the channel I have drawn previously and is looking to challenge the 25,700 level. Expectations of a Biden win has led to positive expectations on the future growth prospects of the China/Hong Kong market. In my opinion, I expect a contested...

cletibals Updated 

China's 5-year plan towards 5G and Clean Energy may stimulate both sectors over the short to medium term. China Tower has been a large benefactor towards the construction of 5G towers. Therefore, on a fundamental level, China's current price of $1.29 seems like an attractive level to enter. On a technical perspective, while the price action is showing that 788 is...

cletibals Updated 

Xiaomi is forming a triangular wedge pattern on the daily. Both buyers and sellers are getting increasingly impatient as you can see lower lows and higher highs (blue lines). Two things can happen: (1) Buyers beat the sellers and we will see a breakout to retest all-time highs or (2) Sellers will beat buyers, key support levels will break and Xiaomi will sell off....

cletibals Updated 

Smoore International Holdings has finally broken out of the wedge patterns with both buyers and sellers getting increasingly impatient. MACD, Money Flow, and Price Action indicates bullish movement in the short-term. Will need to continue to observe if it can proceed to break it's previous all-time high.

cletibals

SEHK 1810 Xiaomi has made a rounding bottom pattern on the weekly charts, suggesting that the company has taken a turn for the better. It's positive earnings results yesterday bolstered this thesis, I believe Xiaomi has additional room to grow in the future.