All Posts By

Smartkarma Daily Briefs

Daily Brief United States: Newmont , Amer Sports , Zoetis Inc, Crude Palm Oil Active Contract, Herbalife Ltd, E2open Parent Holdings Inc, ClimateRock, Callon Petroleum and more

By | Daily Briefs, United States

In today’s briefing:

  • S&P/​​​​​​​​​ASX Index Rebalance Preview: Lots of Changes; A$1bn to Sell in Newmont
  • Amer Sports Pre-IPO – The Negatives – COVID Rebound, Weak Margins
  • Under The Lens of Disruption: Zoetis – VetKiosk
  • Another Textbook Buy the Rumor Sell the Fact Trade Incoming?
  • Herbalife (HLF) – Sunday, Oct 15, 2023
  • E2Open Parent Holdings Inc (ETWO) – Monday, Oct 16, 2023
  • Scripting the Future
  • Callon Petroleum’s Sale Saga: A Golden Opportunity for Investors or a Risky Gamble? – Major Drivers


S&P/​​​​​​​​​ASX Index Rebalance Preview: Lots of Changes; A$1bn to Sell in Newmont

By Brian Freitas

  • With over 80% of the review period complete, there could be 26 adds/deletes across the S&P/ASX family of indices in March.
  • The largest flow will be on Newmont (NEM AU) due to the potential S&P/ASX 20 Index deletion and a large decrease in the number of shares held in Australia.
  • There will be 1.2-38 days of ADV to buy in the inclusions while the impact on the deletions will range between 1-21 days of ADV.

Amer Sports Pre-IPO – The Negatives – COVID Rebound, Weak Margins

By Sumeet Singh

  • Amer Sports (AS US) plans to raise more than US$1bn in its US IPO. Proceeds will be used to pay down loans to Anta Sports Products (2020 HK) led consortium.
  • Amer Sports is a sports and outdoor brands company making clothing and other sporting equipment for use in snow sports, running, climbing, baseball, american football, tennis and other sports.
  • In this note, we talk about the not-so-positive aspects of the deal.

Under The Lens of Disruption: Zoetis – VetKiosk

By From 0 to 1 in the Stock Market

  • Honestly, I’m stunned I’m writing this. I did my research on Zoetis during June, July and August, and my conclusion seemed, funnily, conclusive.
  • My suspicion was that Zoetis was as close to being a truly durable company as possible.
  • Even though the object of this article does not claim otherwise, it does indeed reveal something I completely overlooked. My conclusion was ultimately drawn from the following:

Another Textbook Buy the Rumor Sell the Fact Trade Incoming?

By The Commodity Report

  • Conditions in the Energy Industry Continue To Worsen The quarterly Dallas Fed Energy Survey highlighted that business uncertainty is worsening again.
  • It seems like the past two quarterly reports were only outliers – the trend remains worsening business conditions for gas and oil companies.
  • The conflict in the Red Sea started to impact shipping rates. But as we wrote over the past couple of weeks, it is not substantially higher

Herbalife (HLF) – Sunday, Oct 15, 2023

By Value Investors Club

Key points (machine generated)

  • Herbalife’s international business is seeing an increase in volume trends, which is expected to result in a return to top-line growth in the current quarter.
  • Investors are mainly focused on the 20% of revenue generated from the US market, but there is significant growth potential in the other 80% of the company’s international operations.
  • Despite the performance of the US market, Herbalife is projected to earn more than $3.00 per share this year and $4.00 per share next year.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.


E2Open Parent Holdings Inc (ETWO) – Monday, Oct 16, 2023

By Value Investors Club

Key points (machine generated)

  • E2open provides a comprehensive supply chain management platform, offering solutions for planning, execution, and procurement, making it a major player in the industry.
  • E2open has a large customer base and long average tenure, indicating the trust and reliability of their services.
  • The vast amount of data gathered from partners enhances E2open’s AI/ML capabilities, allowing for more accurate analysis and forecasting, positioning the company well to meet ongoing demand for efficient supply chain management solutions.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.


Scripting the Future

By subSPAC

  • The last week was packed with activity from SPACs ranging from Deals to LOIs and Lawsuits.
  • A SPAC will take a holding company public while a blank-cheque firm signs a letter of intent to take an AI-focused company public.
  • Also, a SPAC filed a suit against an investment firm and fintech De-SPACs outperformed their IPO peers in Q4. Read on to find out the latest about all things SPACs.

Callon Petroleum’s Sale Saga: A Golden Opportunity for Investors or a Risky Gamble? – Major Drivers

By Baptista Research

  • This is a special, one-time report Callon Petroleum, currently exploring a sale, which presents a nuanced investment opportunity with several critical factors to consider.
  • The company has demonstrated consistent financial performance, notably its 14th consecutive quarter of adjusted free cash flow generation, which is being strategically used for debt reduction and share repurchases.
  • This fiscal prudence, coupled with a clear focus on cost reduction and operational efficiency, positions Callon well in the competitive energy sector.

💡 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



Daily Brief China: Zhejiang Expressway Co H, Suzhou Novosense Microelectron, China Mobile, Porton Pharma Solutions, PDD Holdings, Shandong Weigao Group Medical Polymer Co, Seazen (Formerly Future Land) and more

By | China, Daily Briefs

In today’s briefing:

  • Zhejiang Expressway (576 HK): Life In The (Too) Fast Lane
  • Quiddity Leaderboard STAR 50 Mar 24: Three Changes; ~US$1bn One-Way; Some Trade Ideas
  • A/H Premium Tracker (To 12 Jan 2024):  STAY Long Hs Vs As: Premia Still Wide, Huge High-Div SOE Perf
  • Quiddity Leaderboard ChiNext & ChiNext 50 Jun 24: Double Impacts for Some Names
  • Pinduoduo (PDD US): Another Strong Beat Around the Corner
  • Shandong Weigao Group Medical Polymer Co (1066.HK) – 2023 Full-Year Results Could Be Ugly
  • Morning Views Asia: Vedanta Resources


Zhejiang Expressway (576 HK): Life In The (Too) Fast Lane

By David Blennerhassett


Quiddity Leaderboard STAR 50 Mar 24: Three Changes; ~US$1bn One-Way; Some Trade Ideas

By Janaghan Jeyakumar, CFA

  • STAR 50 Index is a tech-focused, blue-chip index in Mainland China which tracks the top 50 largest and most liquid names in the STAR market of the Shanghai Stock Exchange.
  • In this insight, we take a look at our expectations for potential ADDs and DELs for the STAR 50 index during the March 2024 index rebal event.
  • I currently expect three changes for the STAR 50 index in March 2024.

A/H Premium Tracker (To 12 Jan 2024):  STAY Long Hs Vs As: Premia Still Wide, Huge High-Div SOE Perf

By Travis Lundy

  • The New and Better (5mos old) A-H Premium Tracker has tables, charts, measures galore to track A/H premium positioning, southbound and northbound positioning/volatility in pairs over time, etc.
  • SOUTHBOUND flows were net negative (ETFs negative, high-div SOEs positive) and NORTHBOUND flows a small net sell. AH premia rose slightly on average. Especially at narrow premia.
  • STILL time to go long Hs vs As for the new year. 52wk wide discounts were just four weeks ago. Wide A/H premia in renewables space look vulnerable.

Quiddity Leaderboard ChiNext & ChiNext 50 Jun 24: Double Impacts for Some Names

By Janaghan Jeyakumar, CFA

  • The ChiNext Index represents the performance of the 100 largest and most liquid A-share stocks listed on the ChiNext Market of the Shenzhen Stock Exchange.
  • The ChiNext 50 index is a subset of the ChiNext Index and it consists of the top 50 names in the ChiNext index with the highest daily average turnover.
  • In this insight, we take a look at the names leading the race to become ADDs and DELs in the June 2024 index rebal event.

Pinduoduo (PDD US): Another Strong Beat Around the Corner

By Eric Chen

  • We expect PDD to report the highest growth in topline for 4Q23 over last three years. In particular, we believe its bottom line will beat by wide margin.
  • But easy days are gone for PDD’s domestic e-commerce business and high base will kick in from 1Q24, resulting in tough comps, notable deceleration and potentially short-term share price volatility.
  • We see 20% upside to current PDD valuation by assigning 20xPE to our US$12 billion adjusted net profit estimate for 2024.

Shandong Weigao Group Medical Polymer Co (1066.HK) – 2023 Full-Year Results Could Be Ugly

By Xinyao (Criss) Wang

  • Due to centralized procurement and anti-corruption campaign in 23H2, negative YoY revenue growth in 2023 seems to be inevitable. We are not optimistic about Weigao’s performance turnaround in 2024.
  • After new policy strictly prohibiting borrowing to purchase medical equipment in public hospitals was released, the investment logic of medical device sector changes, which would negatively affect Weigao’s outlook.
  • Weigao feels like “living off its past gains”.Current valuation is reasonable not undervalued. There’s no need to rush to long this stock when downward trend in share price hasn’t reversed.

Morning Views Asia: Vedanta Resources

By Charles Macgregor

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


💡 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



Daily Brief Japan: Japan Exchange Group, Seven & I Holdings, TRYT , ASICS Corp, Nippon Sanso Holdings, Softbank Group and more

By | Daily Briefs, Japan

In today’s briefing:

  • Japan Governance | The TSE Naughty List
  • Seven & I Spends Another $950mn on Acquisitions, A Possible Defense Against Investor Activism
  • TRYT Lock-Up – 60% of Outstanding to Be Released, Baring Would Have to Exit Sooner or Later
  • Asics: Aiming for No. 1
  • Ownership of Company Stock Is a Key in Managing the Company with the Same Goals as Shareholders
  • Aequitas 2024 Asia IPO Pipeline – Japan & Korea


Japan Governance | The TSE Naughty List

By Mark Chadwick

  • The TSE’s new efforts to encourage companies to disclose measures to improve their capital efficiency and stock prices correlate closely with general indicators of good governance.
  • Over 60% of companies that we classify as “Proactive” have already disclosed their status, while only around one third of “Obstructive” companies have done so.
  • Companies with higher levels of Board Independence and that are more aligned with shareholders are more likely to be better allocators of capital for long-term growth.

Seven & I Spends Another $950mn on Acquisitions, A Possible Defense Against Investor Activism

By Oshadhi Kumarasiri

  • Alongside results broadly aligning with consensus expectations, Seven & I Holdings (3382 JP) announced yet another major acquisition.
  • The company has agreed to acquire 204 convenience stores in the US for an acquisition price of $950m.
  • It seems that through aggressive overseas expansion and share buybacks, Seven & I is aiming to retain its overseas investors and simultaneously ward off potential investor activism.

TRYT Lock-Up – 60% of Outstanding to Be Released, Baring Would Have to Exit Sooner or Later

By Clarence Chu

  • TRYT (9164 JP) was listed on the TSE on 22nd July 2023. The IPO had been a 100% secondary offering. 
  • TRYT offers employee placement services and temporary staffing services for the elderly care, nursing care and childcare workers segments.
  • Coming up for six-month lockup is the sole pre-IPO investor who had sold some of its stake earlier in the IPO.

Asics: Aiming for No. 1

By Michael Causton

  • After forecasting record sales for this year, Asics now wants to become the leading performance running brand in Japan, Europe and the US by 2026.
  • To achieve this, Asics has invested in buying up many of the leading race platforms around the world to harvest data and link its brand to serious running events.
  • The sports firm could also see significant growth for the Onitsuka Tiger brand, particularly across Asia.

Ownership of Company Stock Is a Key in Managing the Company with the Same Goals as Shareholders

By Aki Matsumoto

  • Wouldn’t the shareholders of Mitsubishi Chemical want to either TOB for the growth of the subsidiary or invest the cash from the sale of shares in a value-generating business?
  • It’s difficult to exclude the influence of the parent company in business decisions that impact significantly on the parent’s earnings and shareholding. Is continued parent-subsidiary listing desirable for subsidiary’s shareholders?
  • The management of Nippon Sanso wants to continue the parent-subsidiary listing, but their small shareholding may make it difficult to manage the company from the same perspective as the shareholders.

Aequitas 2024 Asia IPO Pipeline – Japan & Korea

By Sumeet Singh

  • In this note, we will look at the Asia Pacific IPO pipeline for 2024, following up with Japan & Korea, after having looked at Hong Kong and India earlier.
  • This list has been compiled on a best effort basis from tracking the company filings and through various other sources
  • The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.

💡 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



Daily Brief Utilities: Greenvolt-Energias Renovaveis and more

By | Daily Briefs, Utilities Sector

In today’s briefing:

  • KKR/Greenvolt: Low Chances of Bump-Up


KKR/Greenvolt: Low Chances of Bump-Up

By Jesus Rodriguez Aguilar

  • KKR is pursuing the acquisition and delisting of the Portuguese renewable energy company Greenvolt-Energias Renovaveis (GVOLT PL) at €8.30/share in cash, an 11.5% premium to CSP, 95.3% premium to IPO price.
  • The price also represents 30% discount to the highest closing share price, but core shareholders (60.86%) seem happy to sell, which will trigger a mandatory offer.
  • The offer doesn’t seem generous. Although KKR could sweeten the price to encourage minorities to tender, precedents of Solarpack and Opdenergy do not invite much optimism. Long.

💡 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



Daily Brief Industrials: Evergreen Marine Corp and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Spot Container Rates Surge | New Fees Also Boosting Carrier Revenue | Increases Could Lift ’24 Rates


Spot Container Rates Surge | New Fees Also Boosting Carrier Revenue | Increases Could Lift ’24 Rates

By Daniel Hellberg

  • Spot container rates have surged, owing to conflict near Red Sea / Suez Canal
  • On top of higher spot rates, imposition of new fees also boosting carrier revenue
  • Evergreen’s average monthly US$ revenue increased from Q123 to Q423

💡 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



Daily Brief Energy/Materials: Irc Ltd, Strike Energy, Vedanta Resources and more

By | Daily Briefs, Energy & Materials Sector

In today’s briefing:

  • IRC Limited (1029 HK): Closing Date Extended as the Risk/Reward Turns Unattractive
  • Costa Group (CGC AU): Potential ASX200 Replacements
  • Morning Views Asia: Innergex Renewable Energy, Vedanta Resources


IRC Limited (1029 HK): Closing Date Extended as the Risk/Reward Turns Unattractive

By Arun George

  • Irc Ltd (1029 HK) notes that the offeror (Nikolai Levitskii) and acceptances reached 35.77% at the first closing date, materially short of the 50% minimum acceptance condition. 
  • The offeror has extended the closing date by 39 days (30 business days) to 20 February, the last day the offer can become or be declared unconditional. 
  • The rise in iron ore prices and a light offer pose challenges. The risk/reward profile is unfavourable as the upside (5.4% spread) outweighs the downside (20.5% to the undistributed price).

Costa Group (CGC AU): Potential ASX200 Replacements

By Brian Freitas


Morning Views Asia: Innergex Renewable Energy, Vedanta Resources

By Charles Macgregor

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


💡 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



Daily Brief TMT/Internet: Fuji Soft Inc, Shinko Electric Industries, Posco DX, Foxconn Industrial Internet, Alibaba (ADR), China Mobile and more

By | Daily Briefs, TMT/Internet

In today’s briefing:

  • Fuji Soft (9749) – Much Better Governance Process But The Stock Has Run Too Far
  • Merger Arb Mondays (15 Jan) – Shinko Electric, Benefit One, T&K Toka, Taisho, IJTT, IRC, Weiqiao
  • KOSPI200 Index Rebalance Preview: Four Potential Changes in June
  • Quiddity Leaderboard SSE50/180 Jun 24: US$1.3bn One-Way; Some New Names in the Expected Changes List
  • China Consumption Weekly (15 Jan 2024): Tencent, Douyin, Alibaba, JD.com, Dada, Meituan
  • HK Connect SOUTHBOUND Flows (To 12 Jan 2024); High Div SOEs Still the Biggest Buys


Fuji Soft (9749) – Much Better Governance Process But The Stock Has Run Too Far

By Travis Lundy

  • After 3D Investment Partners bought a large slug of Fuji Soft Inc (9749 JP) in early 2022, the company started a review of governance and capital allocation. 
  • The company updated investors in August, and bought in 4 listed subs in November-December 2023. The August update suggested a Q1 2024 decision on use/ownership of real estate.
  • The Final Report is due in a month. In the meantime, the stock rallied Friday off a news article suggesting the Board was reviewing take-private proposals. Yes, but…


KOSPI200 Index Rebalance Preview: Four Potential Changes in June

By Brian Freitas

  • Less than halfway through the review period, we see four changes for the Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX) at the June rebalance.
  • The impact on the potential inclusion ranges from 0.14-6 days of ADV while the impact on the potential deletions varies from 3.6-12 days of ADV.
  • There are small shorts on the potential inclusions while short interest on the potential deletions varies from 5-10 days of ADV and 1.7-8.2% of free float.

Quiddity Leaderboard SSE50/180 Jun 24: US$1.3bn One-Way; Some New Names in the Expected Changes List

By Janaghan Jeyakumar, CFA

  • SSE 50 and SSE 180, respectively, aim to represent the performance of the 50 and 180 largest and most liquid A-share stocks listed on the Shanghai Stock Exchange.
  • In this insight, we take a look at our expectations for potential index changes for SSE 50 and SSE 180 during the June 2024 index rebal event.
  • I continue to expect 5 changes for SSE 50 and 18 changes for SSE 180 but some of the names have changed since my last insight.

China Consumption Weekly (15 Jan 2024): Tencent, Douyin, Alibaba, JD.com, Dada, Meituan

By Ming Lu

  • Tencent will allow Douyin to broadcast the game Honor of Kings after a four-year ban.
  • Dada’s stock plunged after the company released its suspicious auditing result.
  • Alibaba’s mobile office app, Dingding, has accumulated 120,000 paying users.

HK Connect SOUTHBOUND Flows (To 12 Jan 2024); High Div SOEs Still the Biggest Buys

By Travis Lundy

  • SOUTHBOUND flows showing momentum tendencies this past week on a single-stock basis, still. 
  • SOUTHBOUND saw HK$6.8bn of net OUT-flows in the week to 12 Jan 2024. Total flows were HK$118bn.
  • SOUTHBOUND saw large net selling of ETFs (unwinding Week 1) and large net buying of high-div SOEs like CNOOC, China Mobile/Telecom/Unicom, and coal names.

💡 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



Daily Brief Industrials: Evergreen Marine Corp and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Spot Container Rates Surge | New Fees Also Boosting Carrier Revenue | Increases Could Lift ’24 Rates


Spot Container Rates Surge | New Fees Also Boosting Carrier Revenue | Increases Could Lift ’24 Rates

By Daniel Hellberg

  • Spot container rates have surged, owing to conflict near Red Sea / Suez Canal
  • On top of higher spot rates, imposition of new fees also boosting carrier revenue
  • Evergreen’s average monthly US$ revenue increased from Q123 to Q423

💡 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



Daily Brief Health Care: Wuxi Biologics, Sumitomo Pharma, Vanda Pharmaceuticals and more

By | Daily Briefs, Healthcare

In today’s briefing:

  • Wuxi Biologics (2269.HK) – Dramatic Changes in Management Forecasts Fail to Bring Back Confidence
  • Sumitomo Pharma (4506 JP): FY24 Guidance Seems to Be Aggressive; Downtrend Will Likely To Continue
  • Vanda Pharmaceuticals Inc. (VNDA) – Sunday, Oct 15, 2023


Wuxi Biologics (2269.HK) – Dramatic Changes in Management Forecasts Fail to Bring Back Confidence

By Xinyao (Criss) Wang

  • WuXi Bio’s optimism about new orders failed to generated expected surge in its stock price. Many investors raised great doubts about the credibility and professionalism in communication of WuXi Bio.
  • It’s easy/cost-effective for WuXi Bio to “adjust” order number. However, it’s more difficult to inflate revenue/cash flow. We have to wait for future financial results to know the real situation.
  • XBI is essentially “a bond”.Recent surge of XBI is driven by the expectations of Fed’s rate cut + US soft landing, rather than virtual improvement of external environment.Much remains unclear.  

Sumitomo Pharma (4506 JP): FY24 Guidance Seems to Be Aggressive; Downtrend Will Likely To Continue

By Tina Banerjee

  • Sumitomo Pharma (4506 JP) still expects FY24 revenue of ¥362 billion (down 35% YoY). This implies H2FY24 revenue of ¥209.4 billion, up 37% compared with H1FY24.
  • To achieve this target, North America needs to perform strongly. H1FY24 revenue from North America has shown a progress rate of just 35% against full-year FY24 revenue guidance.
  • With the absence of any strong catalyst, we expect recent rally in Sumitomo shares fueled by encouraging clinical trial result and new drug approval in China, will be short-lived.

Vanda Pharmaceuticals Inc. (VNDA) – Sunday, Oct 15, 2023

By Value Investors Club

Key points (machine generated)

  • Vanda Pharmaceuticals has established revenue-generating drugs and a pipeline of potential candidates in development.
  • The company has a strong balance sheet with ample cash reserves, offering potential for investments or acquisitions.
  • Despite these positive traits, the market values Vanda as if its core business is worthless, presenting a potential investment opportunity with significant upside potential.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.


💡 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



Daily Brief Financials: Open House, NIFTY Index, Bank Of America and more

By | Daily Briefs, Financials

In today’s briefing:

  • Japan – Increasing Shorts on Some Interesting* Stocks; Positioning Appears Light
  • EQD | NIFTY Rising But SHORT Trade Possible From Friday…
  • Aequitas ASEAN IPOs + Placements Broker Performance 2023


Japan – Increasing Shorts on Some Interesting* Stocks; Positioning Appears Light

By Brian Freitas

  • Some stocks have continued to underperform the Nikkei 225 (NKY INDEX) and their peers and could be deleted from global passive portfolios next month.
  • Stocks that were expected to be deleted (but could now be safe) have outperformed the Nikkei 225 (NKY INDEX) over the last couple of weeks.
  • There has been two-way flow in a lot of stocks with market participants increasing and covering short positions as the stock prices have moved around.

EQD | NIFTY Rising But SHORT Trade Possible From Friday…

By Nico Rosti

  • The NIFTY Index closed up last week (CC=+1), it is not overbought yet but it could become so at the end of this week (Friday).
  • Resistance begins at 22280/22800, these are the price areas from where SHORT trades can be initiated (target: 1 weeks reversal, close trade at Close).
  • Covering LONG holdings with Covered CALLs is also possible, Strikes should be =>22800.

Aequitas ASEAN IPOs + Placements Broker Performance 2023

By Ethan Aw

  • In this note, we will take a look at broker performance for ASEAN IPOs and placements in 2023. 
  • The following dataset includes all ASEAN IPOs and placements above US$100m, which amounted to a total of 18 deals.
  • The deals you see in this note are based on our historical IPO and placement tracker. Feel free to drop us a message for additional information.

💡 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