KONG MARKET

HOW HAS TRUMP CONTRACTING TRADING MATTERS SERIES: TRADING FLOWS COVID-19 AFFECTED MARKETS? An overview of the performance DIGITAL ENGAGEMENT TEAM of companies in the market 9 OCTOBER 2020

Hang Seng Index Key Events Summary

200 Day MA 32,000 100 Day MA 2 Oct 30,000 50 Day MA Stocks fall 28,000 following Trump’s positive virus test, but close off the 26,000 worst levels on stimulus hopes 5 Oct 24,000 Dow ends 465 09 Oct 2020: points higher 22,000 after Trump 24,119.13 cleared to leave hospital after 3- 20,000 12 Oct night stay Jan Feb Mar Apr May Jun Jul Aug Sep Oct China Sep Exports release Market Commentary • China’s yuan climbs, stocks gain in upbeat return 15 Oct for traders (09 oct, Bloomberg) China Sep CPI o Stock Connect/Markets reopen after national Release Golden Week holiday in China • A slew of China data will give the latest read on the

strength of the economy’s recovery in the final 19 Oct month of 3Q (09 Oct, Bloomberg) o 12 Oct: China Sep Exports, estimate +8.4% China 3Q GDP Release o 15 Oct: China Sep CPI, estimate +1.8% • Macau casinos drop as golden week results don’t impress market (09 oct, bloomberg) o Gross gaming revenue -76% from the same 3 Nov period a year ago, according to Bernstein • holding support at 24,000 US Presidential psychological level, below key 50/100/200 Day Elections Moving Averages

Data extractedfromBloomberg asof previous closing unlessotherwisestated Hang Seng Index Components: Movers and Laggards

TOP PERFORMING SINCE 05 OCTOBER 2020

LAST TRADED VOLUME VS COUNTER TOTAL PRICE CHANGE (%) 30D AVG (%)

WUXI BIOLOGICS CAYMAN INC 7.42% -60.44%

AAC TECHNOLOGIES HOLDINGS IN 6.95% 7.12%

SUNNY OPTICAL TECH 6.34% -5.39%

HSBC HOLDINGS PLC 5.54% -52.41%

TENCENT HOLDINGS LTD 5.47% -0.44%

COUNTRY GARDEN HOLDINGS CO 5.06% -10.83%

AIA GROUP LTD 4.94% -47.34%

TECHTRONIC INDUSTRIES CO LTD 4.63% -52.01%

CSPC PHARMACEUTICAL GROUP 4.40% -39.50%

HANG LUNG PROPERTIES LTD 4.19% -35.00%

WORST PERFORMING SINCE 05 OCTOBER 2020

LAST TRADED VOLUME VS COUNTER TOTAL PRICE CHANGE (%) 30D AVG (%)

SANDS CHINA LTD -5.03% 74.49%

WHARF REAL ESTATE INV -3.33% 74.56%

LINK REIT -2.38% 1.69%

CHINA UNICOM LTD -0.59% -32.19%

WH GROUP LTD -0.48% 24.24%

BANK OF CHINA LTD-H -0.42% -30.01%

SUN HUNG KAI PROPERTIES -0.30% -3.85%

IND & COMM BK OF CHINA-H -0.25% -30.14%

HENGAN INTL GROUP CO LTD -0.18% -7.93%

CITIC LTD -0.18% -36.00%

Data extractedfromBloomberg asof previous closing unlessotherwisestated Overnight Flows Summary: As of 09 October 2020

TOP 10 MOST ACTIVE SECURITIES BY TRADED VALUE

TRADED VALUE COUNTER LAST PRICE PRICE CHANGE (%) ($’000s)

1 HOLDINGS LTD 539.50 0.84% 8,213,727

2 HOLDING LTD 286.20 -1.17% 6,415,638

3 DIANPING-CLASS B 270.00 1.20% 6,304,381

4 EVEREST MEDICINES LTD 72.75 32.27% 3,078,792

5 CORP-CLASS B 20.95 0.48% 2,447,587

6 JD.COM INC - CL A 307.80 0.92% 1,948,431

7 GROUP CO-H 80.80 0.62% 1,815,818

8 XINYI SOLAR HOLDINGS LTD 13.66 -10.13% 1,392,688

9 BYD CO LTD-H 122.40 -4.67% 1,260,378

10 AUTOMOBILE HOLDINGS LT 15.80 1.28% 1,095,910

STOCKS HITTING 52 WEEKS HIGHS (TOP 5 BY MARKET CAP)

COUNTER LAST PRICE PRICE CHANGE (%) 52 WEEK HIGH

1 ALIBABA GROUP HOLDING LTD 286.20 -1.17% 293.00

2 HAIDILAO INTERNATIONAL HOLDI 59.55 -3.64% 63.00

3 GROUP 135.40 0.59% 138.60

4 GREAT WALL MOTOR COMPANY-H 11.00 -1.61% 11.48

5 YUM CHINA HOLDINGS INC 413.60 0.63% 416.60

STOCKS HITTING 52 WEEKS LOWS (TOP 5 BY MARKET CAP)

COUNTER LAST PRICE PRICE CHANGE (%) 52 WEEK LOW

1 SHENZHEN EXPRESSWAY CO-H 6.72 0.45% 6.65

2 HUI XIAN REIT 1.54 0.00% 1.36

3 DEVELOPMENT CO LTD 7.83 -1.02% 6.28

Stocks have been filtered to show only those >US$1b in market capitalisation. Figures as of previous closing

Data extractedfromBloomberg asof previous closing unlessotherwisestated Hang Seng Index Components Summary (1/2)

Analysts Upside/Downside Consensus from Analyst Counter Price RSI Latest Dividend Ex Date 12M Target Consensus Price (%) AAC TECHNOLOGIES HOLDINGS IN 44.65 51.35 0.1 9/9/2020 53.89 20.70%

AIA GROUP LTD 79.65 56.63 0.35 7/9/2020 85.76 7.67%

ALIBABA GROUP HOLDING LTD 286.20 65.99 N/A N/A 313.90 9.68%

BANK OF CHINA LTD-H 2.39 38.02 0.191 7/7/2020 3.47 45.05%

BANK OF COMMUNICATIONS CO-H 3.79 37.83 0.315 6/7/2020 5.08 34.16%

BOC HONG KONG HOLDINGS LTD 21.25 48.31 0.447 15/9/2020 27.00 27.06%

CHINA CONSTRUCTION BANK-H 5.02 29.08 0.32 2/7/2020 7.30 45.39%

CHINA LIFE INSURANCE CO-H 17.96 50.72 0.73 7/7/2020 25.72 43.20%

CHINA CO 37.45 56.85 0.181 5/6/2020 41.25 10.15%

CHINA MOBILE LTD 49.95 38.78 1.53 27/8/2020 70.42 40.98%

CHINA OVERSEAS LAND & INVEST 19.90 34.75 0.45 18/9/2020 32.01 60.85%

CHINA PETROLEUM & CHEMICAL-H 3.17 37.64 0.07 14/10/2020 4.61 45.50%

CHINA RESOURCES LAND LTD 36.10 55.75 0.168 24/9/2020 43.82 21.38%

CHINA UNICOM HONG KONG LTD 5.02 43.88 0.148 1/6/2020 7.17 42.81%

CITIC LTD 5.68 26.57 0.1 14/9/2020 9.02 58.89%

CK ASSET HOLDINGS LTD 38.40 37.50 0.34 7/9/2020 54.19 41.12%

CK HUTCHISON HOLDINGS LTD 47.25 43.32 0.614 7/9/2020 68.65 45.30%

CK INFRASTRUCTURE HOLDINGS L 36.60 38.72 0.68 4/9/2020 51.13 39.69%

CLP HOLDINGS LTD 73.00 47.12 0.63 2/9/2020 88.62 21.39%

CNOOC LTD 7.65 38.89 0.2 3/9/2020 10.92 42.79%

COUNTRY GARDEN HOLDINGS CO 9.96 59.17 0.2055 16/9/2020 12.84 28.90%

CSPC PHARMACEUTICAL GROUP LT 15.66 52.36 0.06 10/9/2020 19.70 25.79%

GALAXY ENTERTAINMENT GROUP L 52.10 39.93 N/A 25/9/2020 63.12 21.15%

GEELY AUTOMOBILE HOLDINGS LT 15.80 48.86 0.25 28/5/2020 19.10 20.87%

HANG LUNG PROPERTIES LTD 20.40 52.01 0.17 11/9/2020 22.60 10.76%

Data extractedfromBloomberg asof previous closing unlessotherwisestated Hang Seng Index Components Summary (2/2)

Analysts Upside/Downside Consensus from Analyst Counter Price RSI Latest Dividend Ex Date 12M Target Consensus Price (%) LTD 117.30 45.66 0.8 15/10/2020 120.88 3.05%

HENDERSON LAND DEVELOPMENT 28.95 48.11 0.5 2/9/2020 35.94 24.15%

HENGAN INTL GROUP CO LTD 56.15 36.68 1.2 10/9/2020 77.27 37.61%

HONG KONG & CHINA GAS 11.20 47.04 0.12 31/8/2020 11.09 -0.95%

HONG KONG EXCHANGES & CLEAR 372.00 57.75 3.71 1/9/2020 408.04 9.69%

HSBC HOLDINGS PLC 31.45 50.32 N/A N/A 36.03 14.56%

IND & COMM BK OF CHINA-H 4.01 35.36 0.2628 22/6/2020 5.86 46.18%

LINK REIT 61.50 46.84 1.4572 12/6/2020 77.14 25.43%

MTR CORP 38.65 42.76 0.25 19/8/2020 44.17 14.28%

NEW WORLD DEVELOPMENT 38.10 52.91 1.48 30/11/2020 52.73 38.41%

PETROCHINA CO LTD-H 2.27 27.63 0.08742 29/9/2020 3.43 50.92%

PING AN INSURANCE GROUP CO-H 80.80 43.20 0.8 16/9/2020 102.85 27.29%

POWER ASSETS HOLDINGS LTD 41.00 42.38 0.77 3/9/2020 51.08 24.58%

SANDS CHINA LTD 28.35 31.72 N/A 3/2/2021 37.66 32.83%

SHENZHOU INTERNATIONAL GROUP 135.40 69.62 0.9 7/9/2020 133.01 -1.76%

SINO BIOPHARMACEUTICAL 8.47 43.98 0.02 14/9/2020 10.88 28.48%

SUN HUNG KAI PROPERTIES 98.50 49.28 3.7 9/11/2020 129.81 31.78%

SUNNY OPTICAL TECH 125.80 60.77 0.728 27/5/2020 143.49 14.06%

SWIRE PACIFIC LTD - CL A 37.80 42.67 0.7 9/9/2020 60.64 60.43%

TECHTRONIC INDUSTRIES CO LTD 106.30 69.79 0.53 1/9/2020 108.00 1.60%

TENCENT HOLDINGS LTD 539.50 58.74 1.2 15/5/2020 613.88 13.79%

WH GROUP LTD 6.25 42.20 0.05 24/8/2020 9.72 55.49%

WHARF REAL ESTATE INVESTMENT 30.45 44.61 0.78 17/8/2020 35.73 17.34%

WUXI BIOLOGICS CAYMAN INC 202.60 65.43 N/A N/A 208.61 2.97%

XIAOMI CORP-CLASS B 20.95 50.09 N/A N/A 23.99 14.52%

Data extractedfromBloomberg asof previous closing unlessotherwisestated Upcoming Economic, Trading and Earnings Calendar

Monday, 12 Oct

1. Institute of International Finance holds its annual membership meeting; BOJ Governor Haruhiko Kuroda is among speakers; live-streamed, through Oct. 16 2. ECB President Christine Lagarde leads off virtual annual meetings of the International Monetary Fund and the World Bank Group; through Oct. 18

Tuesday, 13 Oct

1. Indonesia Monetary Policy and Governor Warjiyo briefing 2. China Sept. Trade 3. U.S. Sept. CPI, Small Business Optimism; Monthly Budget Statement (until Oct. 16) 4. The IMF/World Bank Meetings continue 13 to 14 October 5. IMF World Economic Outlook is published 6. Earnings include Wipro, Toho, Izumi, J Front Retailing, Sansan 7. Earnings outside of Asia include JPMorgan, Citigroup, BlackRock, New Oriental Education, Fastenal

Wednesday, 14 Oct

1. Singapore Monetary Authority of Singapore Policy Statement; 3Q GDP 2. Bank of Korea Monetary Policy 3. Hong Kong Chief Executive delivers the annual policy address 4. Apple reveals four new iPhones at its latest product launch featuring 5G, upgraded cameras and a wider range of screen sizes 5. Earnings include Infosys, Nomura Real Estate Master Fund, Bank of Queensland, Hulic Reit 6. Earnings outside of Asia include Bank of America, , ASML Holding, UnitedHealth Group, Wells Fargo

Thursday, 15 Oct

1. China Sept. PPI, CPI 2. U.S. Sept. Import Price Index; Oct. 3 Continuing Claims; Oct 10 Initial Jobless Claims; Oct. 11 Bloomberg Consumer Comfort; Oct. Philadelphia Fed Business Outlook, Empire Manufacturing 3. Earnings include Taiwan Semiconductor, Fast Retailing, Mindtree, LaSalle Logiport REIT, Demae- Can 4. Earnings outside of Asia include Morgan Stanley, Intuitive Surgical, Truist Financial, Walgreens Boots Alliance, Kinnevik

Friday, 16 Oct

1. U.S. Sept. Capacity Utilization, Retail Sales, Industrial Production; Oct. University of Michigan Sentiment 2. Earnings include HCL Technologies, DiGi.Com, Daiwa House REIT Investment, Japan Retail Fund Investment, Total Access Communication 3. Earnings outside of Asia include Bank of New York Mellon, VF Corp, Sandvik, Schlumberger, State Street

Data extractedfromBloomberg asof previous closing unlessotherwisestated Market Closure Calendar

Date Markets

Monday, 12 Oct Nil

Tuesday, 13 Oct Thailand

Wednesday, 14 Oct Nil

Thursday, 15 Oct Nil

Friday, 16 Oct Nil

Data extractedfromBloomberg asof previous closing unlessotherwisestated Disclaimer

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