8th August 2024 (Thursday)
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Market Commentary
Tencent to report Q2 results on 14 August

Next week, Tencent's second quarter results announcement is due 14 August after market close while JD.com and Alibaba results are due 15 August after market close.

The following week, Kuaishou results announcement is due 20 August after market close, while Geely Auto and HKEx results is due 21 August after market close.

Baidu, Bilibili and Ping An Insurance is expected to report on 22 August after market close. Please refer to the actual announcements published by the company for the confirmed results release details. 

Tencent's share price performance has outperformed the broader market by a wide margin with a year-to-date total return of almost +24.8% as of 7 August close of HKD 363.40, as compared to the benchmark Hang Seng Index (HSI) +2.3% return.

In terms of year-to-date performance as fo 7 August, Alibaba has a total return of +3.4%, JD.com -8.8%, Kuaishou -18.4%, Geely Auto -10.9%, HKEx -13.4%, Baidu -30%, Bilibili +31.5% and Ping An -2.1%. 

To express their short-term view, investors can gain up to 7x Long and Short exposure on the Hang Seng Indices and up to 5x Long and Short exposure on HK-listed stocks with SocGen DLCs. View the full list of DLCs here. 
DUWW
Tencent 5xLongSG250904
0700.HK 5x Long
Last Price1
0.143 +0.016
(+12.57%)
Last Update: 07/08/2024 17:28
 
EGCW
Tencent 5xShortSG250320
0700.HK 5x Short
Last Price1
0.110 -0.013
(-10.60%)
Last Update: 07/08/2024 17:28
Last Price1: 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 do not trade as frequently as shares and sometimes may not record a trade for a long period of time though the bid/offer prices quoted by the Designated Market Maker may continue to move, therefore using the bid price is usually the best indicator of a DLC value.
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MOOMOO DLC PROMOTION 

PHILLIP NOVA DLC PROMOTION 

 
Education
How to select the right DLC for your target exposure?

Click here to watch the video

 
DLC Funds Flow Chart
DLC funds flow is calculated by change in DLC outstanding units (positive if there is increase in outstanding units, i.e. investors net bought DLCs from Designated Market Makers) multiplying by the last intrinsic close of the corresponding DLCs, aggregated by Underlying Asset and direction for the selected timeframe.
Last Update: 06/08/2024
 
Top Gainers / Losers
Code Name Bid Change1
(%)
DWOW BYD 5xShortSG241209 +0.046
(+14.89%)
HYNW Sands 5xShortSG250320 +0.482
(+14.62%)
DHXW Galaxy 5xShortSG250205 +0.136
(+12.31%)
KGIW Baidu 5xShortSG250515 +0.201
(+10.31%)
9ZYW HSTECH 7xShortSG260605 +0.219
(+9.95%)
Code Name Bid Change1
(%)
DJVW Bilibili 5xLongSG250306 -0.008
(-26.62%)
DEWW COSCO 5xLongSG250626 -0.143
(-18.25%)
DEVW BYD 5xLongSG250626 -0.009
(-14.30%)
DKOW BYD 5xLongSG250904 -0.018
(-14.17%)
DRJW Galaxy 5xLongSG250626 -0.002
(-13.61%)
Bid Change (%)1: Data calculated based on the percentage change in last intrinsic closing value on 07/08/2024 and last bid price on 08/08/2024 10:12.
Intinsic Closing Value: Last updated on 07/08/2024
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Top 10 traded DLCs
Code Name Underlying1
Chg (%)		 Bid Change2
(%)		 Bid Price Value traded
RQGW HSI 7xLongSG251216 -0.77% -0.05
(-4.59%)		 1.035 331K
9ZYW HSTECH 7xShortSG260605 -1.18% +0.219
(+9.95%)		 2.420 208K
CYJW HSI 5xLongSG240912 -0.77% -0.007
(-3.59%)		 0.187 183K
CWKW HSCEI 5xShortSG240912 -0.80% +0.006
(+4.12%)		 0.153 170K
ZYBW HSI 7xShortSG260605 -0.77% +0.134
(+7.72%)		 1.875 169K
CWLW HSI 7xLongSG241030 -0.77% -0.007
(-5.20%)		 0.128 142K
DYSW Tencent 5xLongSG251113 +0.60% +0.014
(+4.17%)		 0.350 106K
ECSW HSI 7xLongSG251218 -0.77% -0.029
(-4.97%)		 0.550 101K
DHXW Galaxy 5xShortSG250205 -2.60% +0.136
(+12.31%)		 1.245 98K
DYNW Kuaisho 5xShortSG250306 +0.35% -0.003
(-0.90%)		 0.330 82K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 07/08/2024 and 08/08/2024 10:12.
Bid Change (%)2: Data calculated based on the percentage change in last intrinsic closing value on 07/08/2024 and last bid price on 08/08/2024 10:12.
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