Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Cross Asset Strategy

<ul>
<li>The prospect of jumbo US rate cuts is juicing asset markets</li>
<li>Overseas Capital is starting to move into domestic Chinese equities</li>
<li>The Precious metals ETFs are breaking out -looking at laggards</li>
</ul>


The prospect of jumbo US rate cuts is juicing asset markets
Overseas Capital is starting to move into domestic Chinese equities
The Precious metals ETFs are breaking out -looking at laggards


Overview #32 – International Money Starts to Flow to Chinese Domestic Markets

Thematic (Sector/Industry)

<ul>
<li>Declining Chinese inventory and rising premiums bode well for the copper price.</li>
<li>Speculative interest, as per the COT reports, is low, providing room for new buyers.</li>
<li>Infrastructure and defence spending are on the rise in most regions of the world</li>
</ul>


Declining Chinese inventory and rising premiums bode well for the copper price.
Speculative interest, as per the COT reports, is low, providing room for new buyers.
Infrastructure and defence spending are on the rise in most regions of the world


From Rust to Riches: The Next Copper Boom

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Commodities

<ul>
<li>Copper retreated by more than 5% due to China's weak print on TSF. The plenum's lack of concrete stimulus measures also did not help matters. </li>
<li>Check out our initiation, <a href="https://www.smartkarma.com/insights/copper-primer-what-we-like-about-copper-and-what-to-play" target="_blank" data-smartkarma-citation="insights:141017" rel="noopener">Copper Primer: What We Like About Copper And What to Play</a>, where we provide our long-term bullish outlook on copper. </li>
<li>Also, see our initiation, <a href="https://www.smartkarma.com/insights/southern-copper-in-a-league-of-its-own" target="_blank" data-smartkarma-citation="insights:139839" rel="noopener">Southern Copper: In a League of Its Own</a>. The company reported a stellar Q2 FY24, beating the street estimates by 20%.</li>
</ul>


Copper retreated by more than 5% due to China's weak print on TSF. The plenum's lack of concrete stimulus measures also did not help matters. 
Check out our initiation, Copper Primer: What We Like About Copper And What to Play, where we provide our long-term bullish outlook on copper. 
Also, see our initiation, Southern Copper: In a League of Its Own. The company reported a stellar Q2 FY24, beating the street estimates by 20%.


Copper Tracker July 22nd, 2024: Physical/​Equity Screens And Trades, Copper Weak

<ul>
<li>Copper rebounded last week, rising 4% on the LME and 6% on the COMEX, led by improved sentiment but in line with most of its commodity complex peers.</li>
<li>Check out our initiation, <a href="https://www.smartkarma.com/insights/copper-primer-what-we-like-about-copper-and-what-to-play" target="_blank" data-smartkarma-citation="insights:141017" rel="noopener">Copper Primer: What We Like About Copper and What to Play</a>, and our equity initiation, <a href="https://www.smartkarma.com/insights/southern-copper-in-a-league-of-its-own" target="_blank" data-smartkarma-citation="insights:139839" rel="noopener">Southern Copper: In a League of Its Own</a>. </li>
<li>We provide updates on the long copper-short gold trade we explored last week and the iron condor in <a href="https://www.smartkarma.com/entities/freeport-mcmoran-inc" target="_blank" data-smartkarma-citation="entities:12491:1" rel="noopener">Freeport Mcmoran (FCX US)</a> </li>
</ul>


Copper rebounded last week, rising 4% on the LME and 6% on the COMEX, led by improved sentiment but in line with most of its commodity complex peers.
Check out our initiation, Copper Primer: What We Like About Copper and What to Play, and our equity initiation, Southern Copper: In a League of Its Own. 
We provide updates on the long copper-short gold trade we explored last week and the iron condor in Freeport Mcmoran (FCX US) 


Copper Tracker July 2024: Physical/​Equity Screens And Trades

<ul>
<li>Copper continued its slide on concerns about inventory and the commencement of new projects and delivered a -9% return for the month. </li>
<li>Check out our initiation, <a href="https://www.smartkarma.com/insights/copper-primer-what-we-like-about-copper-and-what-to-play" target="_blank" data-smartkarma-citation="insights:141017" rel="noopener">Copper Primer: What We Like About Copper And What to Play</a>, and equity initiation <a href="https://www.smartkarma.com/insights/southern-copper-in-a-league-of-its-own" target="_blank" data-smartkarma-citation="insights:139839" rel="noopener">Southern Copper: In a League of Its Own</a> </li>
<li>We like the long copper-short gold trade and explore iron condors in the copper <a href="https://www.smartkarma.com/entities/freeport-mcmoran-inc" target="_blank" data-smartkarma-citation="entities:12491:1" rel="noopener">Freeport Mcmoran (FCX US)</a> . </li>
</ul>


Copper continued its slide on concerns about inventory and the commencement of new projects and delivered a -9% return for the month. 
Check out our initiation, Copper Primer: What We Like About Copper And What to Play, and equity initiation Southern Copper: In a League of Its Own 
We like the long copper-short gold trade and explore iron condors in the copper Freeport Mcmoran (FCX US) . 


Copper Tracker June 2024: Physical/Equity Screens And Trades For July

Australia

MMG Limited is a mid-tier global resources company which explores, develops and mines base metal projects around the world.  The Company currently owns and operates the Century, Golden Grove and Rosebery mines in Australia, the Kinsevere mine in the Democratic Republic of Congo (DRC) and the LXML Sepon mine in Laos.

Price Gauge
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MMG (1208 HK)

Overview #32 – International Money Starts to Flow to Chinese Domestic Markets

A review of recent events/data impacting our investment themes and outlook. We look at the Chinese breakout and laggards in the precious metal space

Rikki Malik

From Rust to Riches: The Next Copper Boom

Copper has now broken decisively through $5/lb on new cycle lows for the USD last night. $1208 MMG Ltd is nearing $4 resistance, and we would take...

Rikki Malik

Copper Tracker July 22nd, 2024: Physical/Equity Screens And Trades, Copper Weak

This brief insight summarizes Copper's performance and equities on our screens. We highlight our research and trades to explore.

Sameer Taneja

Copper Tracker July 2024: Physical/Equity Screens And Trades

This brief insight summarizes Copper's performance and equities on our screens. We highlight our research and trades to explore for July

Sameer Taneja

Copper Tracker June 2024: Physical/Equity Screens And Trades For July

This brief insight summarizes Copper's performance and equities on our screens. We highlight our research and trades to explore for July.

Sameer Taneja

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Overview #32 – International Money Starts to Flow to Chinese Domestic Markets

A review of recent events/data impacting our investment themes and outlook. We look at the Chinese breakout and laggards in the precious metal space

Rikki Malik

From Rust to Riches: The Next Copper Boom

Copper has now broken decisively through $5/lb on new cycle lows for the USD last night. $1208 MMG Ltd is nearing $4 resistance, and we would take...

Rikki Malik

Copper Tracker July 22nd, 2024: Physical/​Equity Screens And Trades, Copper Weak

This brief insight summarizes Copper's performance and equities on our screens. We highlight our research and trades to explore.

Sameer Taneja

Copper Tracker July 2024: Physical/​Equity Screens And Trades

This brief insight summarizes Copper's performance and equities on our screens. We highlight our research and trades to explore for July

Sameer Taneja

Copper Tracker June 2024: Physical/Equity Screens And Trades For July

This brief insight summarizes Copper's performance and equities on our screens. We highlight our research and trades to explore for July.

Sameer Taneja

Copper Tracker July 22nd, 2024: Physical/Equity Screens And Trades, Copper Weak

Copper Tracker July 2024: Physical/Equity Screens And Trades