26th January 2021 (Tuesday)
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Market Commentary
Tencent retreats after remarkable rally and approaching US$1 trillion market value

Hong Kong stocks soared on Monday with record Southbound fund net inflow of RMB 19 billion from Chinese investors, about twice as much as the net inflow on last Friday. Recent signs suggested Chinese hunger for Hong Kong stocks will continue for the time being, with investors piling money into new-economy shares especially.

Being the prime target of Chinese investors, Tencent attacted more than one quarter of the fund net inflow and rallied 11% on Monday to HK$766.50, its biggest gain since October 2011. It also led Hang Seng Index to surpass the 30,000 point-level for the first time since May 2019.

Tencent got an additional boost from participating in the Hong Kong IPO market. Kuaishou Technology, being the world’s second-largest video sharing app and backed by Tencent, is seeking to raise as much as US$5.4 billion through IPO.

At the time of writing, Tencent is trading at HK$720.00, with a 6.06% drop from Monday close.

DSBW
Tencent 5xLongSG220318
0700.HK 5x Long
Last Price1
1.460 -0.172
(-10.54%)
Last Update: 28/01/2021 15:24
 
DMIW
Tencent 5xShortSG231214
0700.HK 5x Short
Last Price1
0.345 +0.041
(+13.47%)
Last Update: 28/01/2021 15:24
1 The DLC price displayed is based on the 'bid price' instead of the 'traded price'. This is to provide a more accurate representation of the DLC value at each particular point in time and a more accurate reflection of DLC price changes. DLCs may not trade as frequently as shares and sometimes may not record a trade for a long period of time while the bid/offer prices quoted by the Designated Market Maker continue to move with the Underlying Asset, therefore using the bid price is usually a better indicator of the value of a DLC.The variation of the last price is the difference between the last price and the intrinsic close of a DLC in the last trading day.
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DLC Funds Flow Chart
Data calculated based on the net change in money flow between 26/01/2021 and 27/01/2021.
 
Top Gainers / Losers
Code Name Bid Change
(%)
DTJW CNOOC 5xLongSG230331 +0.014
(+29.66%)
DCDW Geely 5xShortSG231214 +0.005
(+21.71%)
DKHW BYDElec 5xShortSG231220 +0.003
(+21.18%)
DARW Meituan 5xShortSG231214 +0.014
(+20.77%)
DTHW BYD 5xShortSG231214 +0.004
(+16.34%)
Code Name Bid Change
(%)
DQBW CMOB 5xShortSG221208 -0.039
(-26.77%)
DGAW Geely 5xLongSG220530 -0.148
(-21.82%)
DVPW Geely 5xLongSG230331 -1.182
(-21.14%)
DRWW Geely 5xLongSG220225 -0.023
(-20.86%)
DMEW Meituan 5xLongSG230712 -0.221
(-18.96%)
Data calculated based on the percentage change in last bid price between 26/01/2021 and 27/01/2021.
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Top 5 traded DLCs
Code Name Underlying
Chg (%)
Intrinsic Close1
(Chg %)
Sensitivity Value traded
DXLW Xiaomi 5xLongSG230712 -2.80% 0.594621
(-14.21%)
0.050 1M
DGAW Geely 5xLongSG220530 -5.09% 0.503971
(-25.70%)
0.063 717K
DSNW Sunny 5xLongSG220630 +0.75% 0.650014
(+3.52%)
0.332 674K
DINW BYD 5xLongSG231012 -2.83% 1.39282
(-14.39%)
0.182 645K
DNSW NetEase 5xLongSG230615 -0.48% 1.30372
(-2.59%)
0.144 569K
Data calculated based on the percentage change in underlying price and intrinsic close between 26/01/2021 and 27/01/2021 respectively.
1 Intrinsic Close is the value computed using the valuation formula of the Certificates stated on the relevant supplemental listing documents at market close.
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