Podcast by Eric Golden on Web3 businesses, Web3 Breakdowns

Web3 Breakdowns

Podcast by Eric Golden on Web3 businesses

Web3 Breakdowns is a series of conversations exploring innovation in the decentralized internet. Each episode will focus on a different topic - we will cover NFT projects, crypto assets, blockchain-based protocols, and businesses being built with Web3 architecture. We will talk to founders, artists, investors and influencers to understand this emerging ecosystem. Visit joincolossus.com to find more episodes, transcripts and a library of content to continue your learning.

Cross Asset Strategy

<ul><li>Guest is Saurabh Mukherjeeya, founder of Marcellus Investment Managers and advocate for investing in India</li><li>Contrasts India and China, highlighting India's better performance over the years</li><li>Discusses the reasons behind India not receiving as much attention in terms of foreign investment compared to China, with recent shift towards investing in India</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Guest is Saurabh Mukherjeeya, founder of Marcellus Investment Managers and advocate for investing in IndiaContrasts India and China, highlighting India's better performance over the yearsDiscusses the reasons behind India not receiving as much attention in terms of foreign investment compared to China, with recent shift towards investing in IndiaThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Saurabh Mukherjea: The Case for Investing in India - [Making Markets, EP.42]

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>CPI inflation receded to a 59-month low of 3.5%YoY in Jul'24, with food inflation abating to 5.1%YoY (from 8.4%YoY in Jun'24), as vegetable inflation fell to 6.8%YoY (from Jun'24's 29.3%YoY).</li>
<li>Whilst retaining its 6.5% policy rate on 8/8/24, RBI forecast 4.4%YoY inflation in Jul-Sep'24, and 4.7%YoY in Oct-Dec'24; we expect 4.2%YoY and 4.3%YoY respectively, amid 8-10% above-normal monsoon rainfall.</li>
<li>The policy repo rate will likely decline 50bp by Dec'24 and a further 50bp to 5.5% by Jun'25. Rate sensitives like banks, auto-companies, NBFCs and property stocks will benefit. </li>
</ul>


CPI inflation receded to a 59-month low of 3.5%YoY in Jul'24, with food inflation abating to 5.1%YoY (from 8.4%YoY in Jun'24), as vegetable inflation fell to 6.8%YoY (from Jun'24's 29.3%YoY).
Whilst retaining its 6.5% policy rate on 8/8/24, RBI forecast 4.4%YoY inflation in Jul-Sep'24, and 4.7%YoY in Oct-Dec'24; we expect 4.2%YoY and 4.3%YoY respectively, amid 8-10% above-normal monsoon rainfall.
The policy repo rate will likely decline 50bp by Dec'24 and a further 50bp to 5.5% by Jun'25. Rate sensitives like banks, auto-companies, NBFCs and property stocks will benefit. 


India: Relief on Food Inflation Makes an Oct'24 Rate Cut Near-Certain

<ul><li>Sajeet Pai, a VC at Bloom Ventures, provides insights on the Indian market, discussing unique features like low levels of debt and lack of trust.</li><li>India's massive population presents challenges and opportunities for investors, with a large segment of the population having low per capita income.</li><li>Cultural differences, such as the prevalence of cash on delivery in e-commerce, highlight the need for a nuanced approach when entering the Indian market.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Sajeet Pai, a VC at Bloom Ventures, provides insights on the Indian market, discussing unique features like low levels of debt and lack of trust.India's massive population presents challenges and opportunities for investors, with a large segment of the population having low per capita income.Cultural differences, such as the prevalence of cash on delivery in e-commerce, highlight the need for a nuanced approach when entering the Indian market.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Sajith Pai: Unpacking India - [Making Markets, EP.40]

<ul>
<li>The FY25 Budget projects a fiscal deficit of 4.9% of GDP (vs previous projection of 5.1%), but the 12mma of the fiscal deficit was already 4.8% of GDP by May'24. </li>
<li>With real GDP likely to grow 8.5% this year, direct tax revenue should considerably exceed official projections. Government's lower borrowing requirement should crowd-in private investment, further fuelling RGDP. </li>
<li>Hikes in LTCG and STT (on derivatives) are near-term negatives for stocks. But fiscal prudence, employment generation and agricultural productivity enhancements will create a virtuous circle in the medium-term. </li>
</ul>


The FY25 Budget projects a fiscal deficit of 4.9% of GDP (vs previous projection of 5.1%), but the 12mma of the fiscal deficit was already 4.8% of GDP by May'24. 
With real GDP likely to grow 8.5% this year, direct tax revenue should considerably exceed official projections. Government's lower borrowing requirement should crowd-in private investment, further fuelling RGDP. 
Hikes in LTCG and STT (on derivatives) are near-term negatives for stocks. But fiscal prudence, employment generation and agricultural productivity enhancements will create a virtuous circle in the medium-term. 


India: Mild Near-Term Negative for Stocks; Solidly Positive for Medium Term Growth

APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Premier Energies / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/premier-energies-limited" target="_blank" data-smartkarma-citation="entities:42190:1" rel="noopener">Premier Energies Limited (0377949D IN)</a> is looking to raise US$300m in its upcoming India IPO. It is a manufacturer of solar photovoltaic (PV) cells, and solar modules. </li>
<li>It also executes engineering, procurement, and construction (EPC) projects and provides follow-up operation and maintenance (O&amp;M) services. </li>
<li>In this note, we talk about the company’s historical performance.</li>
</ul>



Premier Energies Limited (0377949D IN) is looking to raise US$300m in its upcoming India IPO. It is a manufacturer of solar photovoltaic (PV) cells, and solar modules. 
It also executes engineering, procurement, and construction (EPC) projects and provides follow-up operation and maintenance (O&amp;M) services. 
In this note, we talk about the company’s historical performance.


Premier Energies Pre-IPO - Still Ramping up but Already Profitable

India

iShares MSCI India Index ETF is an exchange-traded fund registered in Singapore. The Fund seeks to provide investment results that, before expenses, closely correspond to the performance of the MSCI India Index. The Fund invests all or substantially all of its assets in shares comprising the MSCI India Index in substantially the same weightings as constituted in the underlying index.

iShares MSCI India Index ETF (INDIA SP)

Saurabh Mukherjea: The Case for Investing in India - [Making Markets, EP.42]

Saurabh Mukherjeeya from Marcellus Investment Managers explains why investing in India may be a better choice than China, citing consistent double...

Web3 Breakdowns

India: Relief on Food Inflation Makes an Oct'24 Rate Cut Near-Certain

CPI inflation at 59-month low 3.5%YoY in Jul'24. We expect CPI inflation to average 4.2%YoY in Jul-Dec'24, less in H1CY25, hence expect policy...

Prasenjit K. Basu

Sajith Pai: Unpacking India - [Making Markets, EP.40]

The podcast episode with Sajeet Pai from Bloom Ventures discusses the opportunities and challenges of investing in India, highlighting the...

Web3 Breakdowns

India: Mild Near-Term Negative for Stocks; Solidly Positive for Medium Term Growth

FY25 Budget advanced reforms, notably in fiscal consolidation, employment, farm productivity and rationalising LTCG. But the latter (and higher STT...

Prasenjit K. Basu

Premier Energies Pre-IPO - Still Ramping up but Already Profitable

Premier Energies Limited (0377949D IN) is looking to raise US$300m in its upcoming India IPO. It is a manufacturer of solar photovoltaic (PV)...

Ethan Aw

Saurabh Mukherjea: The Case for Investing in India - [Making Markets, EP.42]

Saurabh Mukherjeeya from Marcellus Investment Managers explains why investing in India may be a better choice than China, citing consistent double...

Web3 Breakdowns

India: Relief on Food Inflation Makes an Oct'24 Rate Cut Near-Certain

​CPI inflation at 59-month low 3.5%YoY in Jul'24. We expect CPI inflation to average 4.2%YoY in Jul-Dec'24, less in H1CY25, hence expect policy...

Prasenjit K. Basu

Sajith Pai: Unpacking India - [Making Markets, EP.40]

The podcast episode with Sajeet Pai from Bloom Ventures discusses the opportunities and challenges of investing in India, highlighting the...

Web3 Breakdowns

India: Mild Near-Term Negative for Stocks; Solidly Positive for Medium Term Growth

FY25 Budget advanced reforms, notably in fiscal consolidation, employment, farm productivity and rationalising LTCG. But the latter (and higher STT...

Prasenjit K. Basu

Premier Energies Pre-IPO - Still Ramping up but Already Profitable

Premier Energies Limited (0377949D IN) is looking to raise US$300m in its upcoming India IPO. It is a manufacturer of solar photovoltaic (PV)...

Ethan Aw

CPI inflation at 59-month low 3.5%YoY in Jul'24. We expect CPI inflation to average 4.2%YoY in Jul-Dec'24, less in H1CY25, hence expect policy...