British American Tobacco’s (BAT) 1H21 core net profit made up 47% of our full-year forecast. Sales tend to nudge up hoh in 2H. However, the 41.5% drop in Jun 2021’s sales volume from 5M21’s monthly average raises a red flag over BAT’s sales outlook.....

MCT’s 1QFY22 NPI (+23% yoy) came in line at 26% of our FY21F, driven by lower rental rebates and pre-term lease compensation. VivoCity’s occupancy improved but office/business parks were weak. Reiterate Hold. With its best-in-class assets, MCT coul....

On 24 Jul 2021, the SAMR issued its decision on anti-trust issues related to Tencent’s [0700.HK] acquisition of China Music Corporation in 2016. SAMR ordered Tencent (Tencent Music) to give up its exclusive music licensing rights within 30 days. W....

The HKSFC released the aggregate short positions data for July 16. S-Enjoy Service Group (1755.HK) requires close monitoring, based on the latest short positions outstanding. There was a sizable decline in short positions in Ascentage (6855.HK) and.....