Companies / 0189
HKGDongyue Group (0189) in our theses
Dongyue Group appears in one of our theses. Below is why it entered the basket and how it has done since publication.
Heatwaves are driving air conditioning demand, and a global cap on refrigerants has turned Chinese plants into a pricing oligopoly
Kigali quotas have frozen refrigerant supply while record heat drives air conditioning demand: the margin goes to Chinese gas producers, not the equipment makers.
Why this company: One of the largest Chinese HFC producers with a big quota, plus fluoropolymers. Direct leverage to the rally in refrigerant prices, through a more convenient and accessible Hong Kong listing.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
Open in Invesaro →