1. Exit Case: MINISO Group Holding Limited (NYSE: MNSO) 

Overview: MINISO Group Holding Ltd is a China-based holding company mainly engaged in the development, retail and wholesale of lifestyle and pop toy products featuring intellectual property (IP) design. The Company's brands include MINISO and TOP TOY.

TME has been a part of the ‘Value Model Portolio’ since 30 September 2024, however, considering the recent rally, trading near the resistance in the stock, support & resistance levels, and ~20.81% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of USD 21.19, as on (07^th October 2024, at 06:40 am PDT).

MINISO Group Holding Limited (NYSE: MNSO), part of Kalkine’s US Value Model Portfolio, has reached near its resistance level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 30th September 2024.

1.2 MINISO Group Holding Limited (NYSE: MNSO)

2. New Entry Case: Tencent Music Entertainment Group (NYSE: TME) 

Overview: Tencent Music Entertainment Group (NYSE: TME) is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China.

Technical Analysis: The Relative Strength Index (RSI) over a 14-day period stands at a value of 64.55, currently upward trending, with expectations of a consolidation or an upward momentum once USD 11.00-USD12.00 important support holds. Additionally, the stock's current positioning is above both the 50-period SMA and 200-period SMA, which may serve as dynamic short to medium-term support levels.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Value Model Portfolio’ at the current market price of USD 13.09, as on (07^th October 2024).

2.1 Support and Resistance Summary as on 07^th October 2024

2.2 One Year Technical Price Chart (NYSE: TME)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (07^thOctober 2024). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not consider the objectives, financial situation or needs of any investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.