• The sell-off and subsequent rebound last year 2020 resembles the happens in 1987 October crash.
• The “quadruple witching” period where 4 different kind of financial asset and derivatives expires simultaneously on third Friday of every Month. Historically, periods of market weakness. (Fig 1.b). Historically, the this event has seen heavy correction during September and October period whereby the latest 1000 point drop occurs last year September 2020.
• Technicals point to a correction lasting until year-end if October does not enjoy

Investment summary In1H21, the company's revenue recorded CNY 4.14 billion, an increase of 12.4% Yoy; net profit attributable to the parent company was CNY 427 million, an increase of 72.0% Yoy. The net profit margin for 1H was 10.3%, an improvement of 3.6 ppts Yoy, mainly due to 1) the improvement in GPM, and 2) the Xinjiang cotton incident brought organic traffic to the company's products and improved the expense ratio during the period. EPS recorded CNY 17.1 cent, an...
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■Sony  vs  Nintendo Sony Group and Nintendo’s Game business is recently gathering attention in three areas. First, in the hardware/platform space- measuring by the number of users utilizing the game communication network via a monthly paid subscription service, Sony’s Playstation has already achieved over one hundred million accounts, whereas Nintendo as a latecomer, has its membership users growing steadily alongside  Nintendo Switch sales. Second, in the Game IP (Intellectual Property) space, despite Nintendo leading by far, Sony is catching up via its subsidiary Aniplex’s release of the global blockbuster “Demon Slayer-Kimetsu no Yaiba-The Movie”. Third, in other game related areas, Sony is still the unrivalled lead in movies and music,  however Nintendo has decided to make use of its abundant game IP licenses in its forthcoming launch of theme park Super Nintendo World in collaboration with Universal Studios. ■Win for Square Enix by a large margin   On July 23rd, 2021 the whole world watched as the athletes of the Tokyo 2020 Olympic Games made their entrance in the opening ceremony amid the theme songs from some of the most popular Japanese game titles. It was a shame that Japan’s largest video game company Nintendo did not have any of...
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