This is SGX-listed DLCs with HK-listed underlyings. As a background, both NetEase and JD.com are listed on Nasdaq. As a second listing, NetEase and JD.com have been listed on HKEx on 11 June 2020 and 18 June 2020 respectively. Both shares of NetEase and shares of JD.com listed in Hong Kong will be fully fungible with their respective American Depository Shares listed on Nasdaq. As of 18 June 2020, IPO sizes of JD.com and NetEase are the two largest IPOs on HKEx in 2020.
| Code | DLC Name | Underlying Name | Underlying Code | Type | Leverage Factor | Listing Date | Issue Price (SGD) |
|---|---|---|---|---|---|---|---|
| DNSW | DLC SG5xLongNetEase | NetEase, Inc. | 9999.HK | Daily Long | 5x | 18/06/2020 | 0.50 |
| DNAW | DLC SG5xLongNetEase A | NetEase, Inc. | 9999.HK | Daily Long | 5x | 18/06/2020 | 2.50 |
| DJCW | DLC SG5xLongJD | JD.com, Inc. | 9618.HK | Daily Long | 5x | 18/06/2020 | 0.50 |
| DJDW | DLC SG5xLongJD A | JD.com, Inc. | 9618.HK | Daily Long | 5x | 18/06/2020 | 2.50 |
Please note the underlying assets of the 4 DLCs above are IPO stocks. Please refer to the Supplementary Listing Documents of the relevant DLC for the applicable risk factors, including those specific to IPO stocks and weighted voting rights (WVR) stocks such as JD.com which is controlled through WVR.
“In 2019, NetEase ranked as the second largest mobile app publisher globally in terms of combined iOS and Google Play revenue estimates, according to App Annie.”
Source: NetEase prospectus, published as of 2 June, 2020
Business focus: Gaming, online learning, music streaming
| Market cap (US)*: | USD 56.4 bn (as of 12th Jun) |
|---|---|
| HK IPO Size: | USD 2.72 bn |
| HK IPO Price: | HKD 123 |
| HK IPO listing date: | 11 June 2020 |
| Over subscription | 360x |
*Please note this refers to the US listed counter which is not the underlying asset of the DLCs.
Source: Bloomberg, data as of 12 June 2020
As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES) is dedicated to providing premium online services centered around innovative and diverse content, community, communication and commerce. NetEase develops and operates some of China’s most popular mobile and PC-client games. In more recent years, NetEase has expanded into international markets including Japan and North America. In addition to its self-developed game content, NetEase partners with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China. NetEase’s other innovative service offerings include the intelligent learning services of its majority-controlled subsidiary, Youdao (NYSE: DAO); music streaming through its leading NetEase Cloud Music business; and its private label e-commerce platform, Yanxuan.
Source: http://ir.netease.com/company-overview, extracted as of 18th June 2020
“We are the largest retail company in China by total revenues in 2019, according to Fortune Global 500. We believe our scale and market leadership are built upon our competitive edge in customer experience and operational efficiency, as well as our commitment to strategically invest in technology and logistics infrastructure for the long term.”
Source: JD prospectus, published as of 8 June, 2020
Business focus: E-commerce
| Market cap (US)*: | USD 84.6 bn (as of 12th Jun) |
|---|---|
| HK IPO Size: | USD 3.9 bn |
| HK IPO Price: | HKD 226 |
| HK IPO listing date: | 18 June 2020 |
| Over subscription | 180x |
*Please note this refers to the US listed counter which is not the underlying asset of the DLCs.
Source: Bloomberg, data as of 12 June 2020
JD.com is a leading technology driven e-commerce company transforming to become the leading supply chain based technology and service provider. The company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries. JD.com is the largest retailer in China, a member of the NASDAQ100 and a Fortune Global 500 company.
Source: http://ir.jd.com/investor-overview, extracted as of 18th June 2020
The charts refer to the US-listed counters of the stock only, which are not the underlying asset of the DLCs. Past performance is not indicative of future performance
For price chart of the HK counters, investors can go to here.
NetEase and JD are the biggest HK IPOs in 2020 so far
First time for DLCs to be listed on IPO stocks
Four 5x Long DLCs for investors to express bullish view
Full disclaimer here.
The stock price charts in the videos refer to the US-listed counters of the stock only, which are not the underlying assets of the 4 DLCs listed above. Past performance is not indicative of future performance.
Disclaimer
This advertisement is distributed by Société Générale, Singapore Branch. This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks.
Past performance is not indicative of future performance.
