Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Equity Bottom-Up

<ul><li>Mapletree, a real estate firm, has sold Scottish student housing to a Dutch fund manager, expanding its international portfolio.</li><li>Shanghai office rents have decreased for the 12th consecutive quarter, reflecting a downward trend in the local real estate market.</li><li>Central Tokyo office rents have increased due to rising construction costs, impacting rates for new supply and attracting investor interest.</li></ul>

Mapletree, a real estate firm, has sold Scottish student housing to a Dutch fund manager, expanding its international portfolio.Shanghai office rents have decreased for the 12th consecutive quarter, reflecting a downward trend in the local real estate market.Central Tokyo office rents have increased due to rising construction costs, impacting rates for new supply and attracting investor interest.

Asia Real Estate Tracker (21-Apr-2025): Mapletree sells Scotland student housing.

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Hydrocarbon related names traded well with Trump set to remove limits on carbon and mercury emissions...watch MHI, Yokogawa and Chiyoda.</li>
<li>Intel +7.8% may help Ibiden, Micron +2.9% positive for Micronics, while semi-cap and power-semi's continued to move up.</li>
<li>Lock-Up expiry for Kioxia fast approaching could see shorts increase in a Kokusai Elec type situation.</li>
</ul>


Hydrocarbon related names traded well with Trump set to remove limits on carbon and mercury emissions...watch MHI, Yokogawa and Chiyoda.
Intel +7.8% may help Ibiden, Micron +2.9% positive for Micronics, while semi-cap and power-semi's continued to move up.
Lock-Up expiry for Kioxia fast approaching could see shorts increase in a Kokusai Elec type situation.


Japan Morning Connection: Trump Signals End to Biden Greenhouse Gas Emission Restrictions

<ul>
<li>Trump names including banks, energy and tech rally hard, while renewables are sold heavily</li>
<li>Underperformance by semi-capex plays with high China sales may be reflected in Japan SPE today</li>
<li>Global defense rallied on the spectre of higher spend requirements for EU countries</li>
</ul>


Trump names including banks, energy and tech rally hard, while renewables are sold heavily
Underperformance by semi-capex plays with high China sales may be reflected in Japan SPE today
Global defense rallied on the spectre of higher spend requirements for EU countries


Japan Morning Connection: Trump Names Rally in the Wake of Re-Election

<ul>
<li>Big move higher for oil set to spike the JP oil major Inpex although the refiners have large outstanding short interests and may squeeze</li>
<li>The higher oil price is negative for Japan’s utilities which have yet to restart reactors and are dependent on oil/gas imports to fuel their thermal generation</li>
<li>Details are limited on a potential Seven Bank stake sale by 7&amp;I, but there should be room for upside as shorts continue to cover</li>
</ul>


Big move higher for oil set to spike the JP oil major Inpex although the refiners have large outstanding short interests and may squeeze
The higher oil price is negative for Japan’s utilities which have yet to restart reactors and are dependent on oil/gas imports to fuel their thermal generation
Details are limited on a potential Seven Bank stake sale by 7&amp;I, but there should be room for upside as shorts continue to cover


Japan Morning Connection: Spike in Oil Positive for Inpex and Refiners

<ul>
<li>Echoes of August with Japan looking to start the day very weak on the lead from US semi related.</li>
<li>Expect heavy selling for recent retail margin favourites e.g. Mercari, IHI, KHI and Socionext, and SPE winners such as Kokusai and Advantest, although the sector will start under heavy pressure.</li>
<li>Nothing from Nikkei Inc. yet on their NKY225 rebalance decision, but expect outsized volatility today with many multi-strategy pods shuttered during the August sell off.</li>
</ul>


Echoes of August with Japan looking to start the day very weak on the lead from US semi related.
Expect heavy selling for recent retail margin favourites e.g. Mercari, IHI, KHI and Socionext, and SPE winners such as Kokusai and Advantest, although the sector will start under heavy pressure.
Nothing from Nikkei Inc. yet on their NKY225 rebalance decision, but expect outsized volatility today with many multi-strategy pods shuttered during the August sell off.


Japan Morning Connection: Expect Volatility with Retail and SPE Stocks Under Pressure

Japan

CHIYODA CORPORATION constructs, inspects, and maintains industrial plants around the world.  Those plants include oil refinery, petrochemical, food, and pharmaceutical plants.  The Company also provides comprehensive engineering services for such as energy saving, factory automation (FA), and environmental preservation for water treatment and soil purification.

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Chiyoda Corp (6366 JP)

Asia Real Estate Tracker (21-Apr-2025): Mapletree sells Scotland student housing.

Mapletree sells Scottish student housing, Shanghai office rents decline, and Central Tokyo office rents rise due to construction costs.

Asia Real Estate Tracker

Japan Morning Connection: Trump Signals End to Biden Greenhouse Gas Emission Restrictions

Fossil fuel related names lead the way higher as restrictions on toxic gas emissions are rolled back. Hydrocarbon names also benefit.

Andrew Jackson

Japan Morning Connection: Trump Names Rally in the Wake of Re-Election

Trump names rally while renewables sold heavily. Underperformance by semi-capex with high China sales may reflect in Japan SPE. Global defense...

Andrew Jackson

Japan Morning Connection: Spike in Oil Positive for Inpex and Refiners

Surge in oil may squeeze refiners with short interests. Negative for Japanese utilities yet to restart reactors. Potential upside for Seven Bank as...

Andrew Jackson

Japan Morning Connection: Expect Volatility with Retail and SPE Stocks Under Pressure

Japan's market set to open weak following US semi-related lead, heavy selling expected for retail margin favorites and SPE winners, potential...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Asia Real Estate Tracker (21-Apr-2025): Mapletree sells Scotland student housing.

Mapletree sells Scottish student housing, Shanghai office rents decline, and Central Tokyo office rents rise due to construction costs.

Asia Real Estate Tracker

Japan Morning Connection: Trump Signals End to Biden Greenhouse Gas Emission Restrictions

Fossil fuel related names lead the way higher as restrictions on toxic gas emissions are rolled back. Hydrocarbon names also benefit.

Andrew Jackson

Japan Morning Connection: Trump Names Rally in the Wake of Re-Election

Trump names rally while renewables sold heavily. Underperformance by semi-capex with high China sales may reflect in Japan SPE. Global defense...

Andrew Jackson

Japan Morning Connection: Spike in Oil Positive for Inpex and Refiners

Surge in oil may squeeze refiners with short interests. Negative for Japanese utilities yet to restart reactors. Potential upside for Seven Bank as...

Andrew Jackson

Japan Morning Connection: Expect Volatility with Retail and SPE Stocks Under Pressure

​Japan's market set to open weak following US semi-related lead, heavy selling expected for retail margin favorites and SPE winners, potential...

Andrew Jackson

Japan's market set to open weak following US semi-related lead, heavy selling expected for retail margin favorites and SPE winners, potential...