In today’s briefing:
- Ohayo Japan | S&P 500 and Nasdaq Hit Records
- HK Strategy: Rate Hike Exposure – Fixed & Floating Rate Debt Analysis
- Sohn Tokyo Preview: SILQ Capital’s Hideki Kinuhata on Japan’s Mid-Cap Mispricings, Why Liquidity Is
- Singapore Market Roundup (06-Oct-2026): PhillipCapital rates AvePoint ‘accumulate’; Swaen warns
- AI Flow Industry Model : Tracking the Capex Flood and Revenue Streams – 6 October 2026
- Buffett Sherwood Foundation 2025 990 Filing: Revenue Climbs to $943 Million as Investment Portfolio
Ohayo Japan | S&P 500 and Nasdaq Hit Records
- US equities: S&P 500 and Nasdaq hit records, but narrow breadth highlights heavy concentration in chipmakers and the AI supply chain.
- Nuclear: Big Tech’s nuclear power commitments strengthen the outlook for Japanese nuclear equipment suppliers and utilities pursuing reactor restarts.
- HDDs: Seagate and Western Digital fell amid Toshiba’s planned capacity expansion and bidding competition for TDK’s magnetic-head business.
HK Strategy: Rate Hike Exposure – Fixed & Floating Rate Debt Analysis
- With the US$ rate likely to trend higher over the next 12 months, the Hang Seng Index (HSI INDEX) constituent stocks with high gearing will be exposed.
- Hong Kong and China Gas (3 HK) and CLP (2 HK) are on top of the list, given their leveraged balance sheet and relatively high proportion of floating-rate debt.
- Wharf Real Estate (1997 HK), Henderson Land Development (12 HK), and Sun Hung Kai Properties (16 HK) have lots of floating-rate debt, but their gearing levels are low.
Sohn Tokyo Preview: SILQ Capital’s Hideki Kinuhata on Japan’s Mid-Cap Mispricings, Why Liquidity Is
- The inaugural Sohn Tokyo conference is coming up on Oct. 16 at the Roppongi Hills Club.
- One of the Tokyo-based managers looking forward to presenting at it is Hideki Kinuhata, founder and chief investment officer of SILQ Capital, a Japan fundamental equity long/short manager.
- Hedge Fund Alpha caught up with him ahead of the conference to talk about his 24 years at Goldman Sachs, how SILQ builds its book, and where he sees the biggest mispricings in Japan today.
Singapore Market Roundup (06-Oct-2026): PhillipCapital rates AvePoint ‘accumulate’; Swaen warns
- PhillipCapital has started coverage of AvePoint with an “accumulate” rating and a $20 target price, reflecting an 11.1% upside from its $18 closing price.
- Analyst Helena Wang noted that AI errors can propagate quickly, emphasizing the importance of AvePoint’s backup software in minimizing disruptions.
- Swaen Capital’s Kenny Tan sees the company’s Resilience suite, comprising 60% of ARR, as stable against AI disruption, depending mainly on user growth and competition with Microsoft 365.
AI Flow Industry Model : Tracking the Capex Flood and Revenue Streams – 6 October 2026
- Our industry cash flow forecasts improved modestly, driven by revenue, but the buildout still burns cash through the end of the decade.
- Adjusted 2030 free cash flow is -$59B, against -$106B in the version we published on September 21.
- Revenue covers 0.94x of 2030 capex, up from 0.89x, and 0.77x on a cumulative basis, up from 0.71x.
Buffett Sherwood Foundation 2025 990 Filing: Revenue Climbs to $943 Million as Investment Portfolio
- The Sherwood Foundation is a private philanthropic organization based in Omaha, Nebraska, led by Susan Alice Buffett, the eldest daughter of Warren Buffett and the late Susan Thompson Buffett.
- Buffett established the foundation in 1999, aiming to support organizations that are focused on improving the quality of life across Nebraska.
- Special focus is set on grants that expand opportunities for “underserved communities”.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
