In this report, we screen for stocks at the extreme ends of their positioning or momentum ranges. We synthesize current and historical data on fund positioning with recent manager activity to accurately assess sentiment for each stock in our coverage.  In focus this month:

• High Positioning, Positive Momentum: 
  Tencent Music Entertainment Group Sponsored ADR Class A    
  Trip Com Group Ltd    
  
  
• High Positioning, Negative Momentum: 
  Hong Kong Exchanges & Clearing Ltd.    
  Pinduoduo, Inc. Sponsored ADR Class A    
  
  
• Low Positioning, Negative Momentum: 
  China Tourism Group Duty Free Corporation Limited Class H    
  CITIC Securities Co. Ltd. Class H    
  
  
• Low Positioning, Positive Momentum
  Bank of China Limited Class H    
  CGN Power Co., Ltd. Class H