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Smartkarma Daily Briefs

Daily Brief Energy/Materials: Evolution Mining, Crude Oil, Enterprise Products Partners, Transocean Ltd and more

By | Daily Briefs, Energy & Materials Sector

In today’s briefing:

  • MV Global Junior Gold Miners Index Rebalance: Round-Trip Trade of Over US$1bn
  • OPEC and EIA Cut Oil Demand Forecasts; EIA Projects Nat-Gas Rise in 2025 on Strong LNG Exports
  • Enterprise Products Partners L.P.: Enhanced LPG Export Capacity & Major Drivers
  • Transocean Ltd.: Advanced Drilling Technology Adoption & Other Major Developments! – Financial Forecasts


MV Global Junior Gold Miners Index Rebalance: Round-Trip Trade of Over US$1bn

By Brian Freitas


OPEC and EIA Cut Oil Demand Forecasts; EIA Projects Nat-Gas Rise in 2025 on Strong LNG Exports

By Suhas Reddy

  • OPEC cuts demand growth estimates for the second straight month, lowering its 2024 and 2025 forecasts by 3.8% and 2.2%, respectively, citing demand weakness in China.
  • Total production of OPEC members obliged to implement supply cuts averaged 21.48m bpd in August, exceeding the target by 1.6%.
  • EIA lowered its 2024 and 2025 oil price forecasts due to slower demand growth. However, it expects a quick recovery in prices driven by declining inventories.

Enterprise Products Partners L.P.: Enhanced LPG Export Capacity & Major Drivers

By Baptista Research

  • Enterprise Products Partners L.P. reported robust results for the second quarter of 2024, with $1.4 billion in net income, marking a 12% increase over the same quarter the previous year.
  • This performance is grounded in the company’s extensive project initiatives and strategic operations in various segments, including natural gas and NGL pipelines and services.
  • Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Transocean Ltd.: Advanced Drilling Technology Adoption & Other Major Developments! – Financial Forecasts

By Baptista Research

  • Transocean’s recent quarterly earnings results present a dual narrative with strong operational performance reflecting positively on the company’s strategic initiatives and market positioning, while also highlighting areas of concern that potential investors should consider.
  • In terms of positive developments, Transocean reported adjusted EBITDA of $284 million with contract drilling revenues of $861 million, translating to an impressive EBITDA margin of approximately 33%.
  • This strong performance is a testament to the company’s operational efficiency, marked by a revenue efficiency of approximately 97% in the quarter.

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Daily Brief Industrials: Tuhu Car , easyJet PLC and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Tuhu Car (9690 HK | BUY | TP:HKD24): Poised to Capture China’s Auto Aftersales Service Market
  • European Airlines – Fare Data Suggests Risk to EasyJet/Wizz Peak Summer but Winter More Encouraging


Tuhu Car (9690 HK | BUY | TP:HKD24): Poised to Capture China’s Auto Aftersales Service Market

By Mohshin Aziz

  • Tuhu Car (9690 HK) is poised to capture the lion share of China’s automotive aftersales service industry that is forecasted to grow at 7.3% CAGR from 2023:30. 
  • Tuhu is on an inflection of high earnings growth (+30% CAGR) as it has reached scalability, cost efficiency, and its younger shops are maturing profitably.    
  • Our fair value of HKD24 implies 25x FY25 PE – average for US peers. A bargain with 3-year CAGR of 30%, net cash, and churns high free cash flow.

European Airlines – Fare Data Suggests Risk to EasyJet/Wizz Peak Summer but Winter More Encouraging

By Neil Glynn

  • Latest RDC fare data deep dive suggests scope for negative surprises at easyJet and Wizz Air – we publish a detailed analysis across booking windows.
  • ​easyJet fare data suggest potential for late-market disappointment, albeit winter prospects more encouraging.
  • Wizz Air fare data cast doubt on hopes for fare growth.

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Daily Brief Consumer: SHEIN, Seven & I Holdings, Alibaba Group Holding , Midea Group Co Ltd A, Great Wall Motor, TSE Tokyo Price Index TOPIX, GameStop, Toll Brothers and more

By | Consumer, Daily Briefs

In today’s briefing:

  • SHEIN and Temu: New Rule Could Crush “De Minimis” Imports | New Front In “War”  Vs DTC Platforms
  • (Mostly) Asia-Pac M&A: Seven & I, Hotel Property, Hulic, Joban Kosan, Dyna Mac, Fuji Soft, Descente
  • Last Week in Event SPACE: Alibaba, Young Poong/Korea Zinc, Shinko Electric, Guotai Junan/Haitong Sec
  • Weekly Deals Digest (15 Sep) – Midea, Seven & I, Raysum, Haitong/GJTA, Dyna-Mac
  • A/H Premium Tracker (To 13 Sep 2024): SB Buying of H Underperformance
  • Share Trading Unit System, Which Made AGM Skeleton and Spurred Cross-Shareholdings, Has Done Its Job
  • GameStop’s Bumpy Road to Recovery: Is The Meme Stock Worth The Risk?
  • Toll Brothers: Expanding Geographic Footprint & Emphasis on Spec Homes Driving Growth! – Major Drivers


SHEIN and Temu: New Rule Could Crush “De Minimis” Imports | New Front In “War”  Vs DTC Platforms

By Daniel Hellberg

  • Biden Administration rule would make “de minimis” items subject to tariffs
  • Besides adding to landed cost of those items, reporting requirements would rise
  • In addition, US/EU governments launch probes of SHEIN/Temu product safety


Last Week in Event SPACE: Alibaba, Young Poong/Korea Zinc, Shinko Electric, Guotai Junan/Haitong Sec

By David Blennerhassett


Weekly Deals Digest (15 Sep) – Midea, Seven & I, Raysum, Haitong/GJTA, Dyna-Mac

By Arun George


A/H Premium Tracker (To 13 Sep 2024): SB Buying of H Underperformance

By Travis Lundy

  • Repeat of last week: Miserable economic data continues. Trade geopol is mixed. Territorial geopol getting more serious. But SOUTHBOUND gross volumes way up.
  • AH Premia rose slightly as HK-listed shares outperformed mainland share indices. The HK/mainland spread is consistently better than H/A performance. It’s not clear why. This week no exception.
  • This week will see limited H/A action because of the long Mid-Autumn Festival. Hopes are high for non-durables purchases this month. Maybe even homes. But I am skeptical…

Share Trading Unit System, Which Made AGM Skeleton and Spurred Cross-Shareholdings, Has Done Its Job

By Aki Matsumoto

  • Rather than lowering the minimum investment amount, attention is focused on whether the essence of the issue is whether the long-standing unit share system can be abolished.
  • This system, which doesn’t grant voting rights to shareholders who don’t hold more than certain number shares, has led companies to turn inward-looking by making AGMs skeleton and accelerating cross-shareholdings.
  • With corporate racketeer, who triggered the introduction of this system, gone and the reduction of cross-shareholdings beginning, shareholder units that can exercise voting rights for open AGMs should be reexamined.

GameStop’s Bumpy Road to Recovery: Is The Meme Stock Worth The Risk?

By Baptista Research

  • GameStop, a major player in the video game retail industry, revealed a complex scenario in its latest earnings presentation for the fourth quarter and full year 2022.
  • The company’s leadership highlighted substantial shifts in strategies aimed at improving profitability and creating sustainable long-term growth.
  • From a financial perspective, GameStop reported a net income of $48.2 million for the quarter, compared to a considerable net loss of $147.5 million in the same quarter of the previous year.

Toll Brothers: Expanding Geographic Footprint & Emphasis on Spec Homes Driving Growth! – Major Drivers

By Baptista Research

  • Toll Brothers, a prominent homebuilder, showcased an optimistic third quarter for the 2024 fiscal year, reflecting growth and stability despite varied market conditions.
  • In this quarter, the company reported record home sale revenues of $2.72 billion, demonstrating a strong performance with the delivery of 2,814 homes at an average price of $968,000.
  • The adjusted gross margin significantly outperformed projections, reaching 28.8%, aided by operational efficiencies and a favorable mix of home sales.

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Daily Brief Health Care: Beijing Tiantan Biological Products, Insulet Corp and more

By | Daily Briefs, Healthcare

In today’s briefing:

  • China Healthcare Weekly (Sep15)- Tiantan’s New Deal, BeiGene-AbbVie Lawsuit, BIOSECURE Act Will Pass
  • Insulet Corporation: Will The Enhanced Focus on MDI Market Segments Pay Off? – Major Drivers


China Healthcare Weekly (Sep15)- Tiantan’s New Deal, BeiGene-AbbVie Lawsuit, BIOSECURE Act Will Pass

By Xinyao (Criss) Wang

  • Tiantan plans to acquire 100% equity of Zhongyuan Ruide from CSL Behring ASIA PACIFIC LIMITED for US$185 million, so as to consolidate its leading position in blood products industry.
  • BeiGene is accused of trade secrets theft by AbbVie. Considering AbbVie is good at using legal means to profit for itself, this lawsuit may become full of uncertainty in US.
  • The House passed BIOSECURE Act to make drug companies stop doing business with Chinese CXO.The probability of this Bill passing is high. We recommend prepare for worst-case scenario in advance.

Insulet Corporation: Will The Enhanced Focus on MDI Market Segments Pay Off? – Major Drivers

By Baptista Research

  • Insulet Corporation has demonstrated robust financial performance in the second quarter of 2024, aligning with the company’s primary goal of enhancing diabetes management through its Omnipod products.
  • Jim Hollingshead, the CEO, highlighted the significant demand for Omnipod 5, which has been central to the company’s growth both domestically and internationally.
  • The company’s innovation trajectory remains strong with numerous product launches, including the full market release of Omnipod 5 integrated with Dexcom’s G7.

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Daily Brief Financials: Raysum Co Ltd, K Bank, China Construction Bank H, Agricultural Bank Of China, Longfor Properties and more

By | Daily Briefs, Financials

In today’s briefing:

  • Raysum (8890 JP): Hulic (3033 JP)’s Tender Offer a Done Deal
  • K Bank IPO Preview
  • China Banks; Challenged on Credit Quality Trends, with Selective Opportunities to Be Found
  • HK Connect SOUTHBOUND Flows (To 13 Sep 2024); Weak Data, Weak Markets, but BABA and Banks!
  • Quiddity Leaderboard HSCEI Dec 24: Two Changes Possible; US$265mn Capping Flows One-Way
  • K-Bank’s IPO Details Out: Aggressive Pricing, but as a Crypto Play, It Might Surprise


Raysum (8890 JP): Hulic (3033 JP)’s Tender Offer a Done Deal

By Arun George

  • Raysum Co Ltd (8890 JP) has recommended Hulic Co Ltd (3003 JP)’s tender offer at JPY5,913, a 94.2% premium to the last close price of JPY3,045.
  • The tender offer runs from 17 September to 30 October (30 business days), with payment commencing from 7 November. The offer represents an all-time high. 
  • This is a done deal, as the irrevocable (Oasis) represents a 63.88% ownership ratio. With a knockout offer, the required 7.7% minority acceptance rate is easily achieved.  

K Bank IPO Preview

By Douglas Kim

  • K Bank finally provided its IPO prospectus which includes more details of the IPO than what the company already announced about the IPO several days ago. 
  • Bankers used KakaoBank, SBI Sumishin Net Bank, and Bancorp Inc as comps. Average PBR of 2.56x was used to value K Bank. 
  • Some investors will question the inclusion of overseas comps including SBI Sumishin Net Bank and Bancorp in the valuation of K Bank.

China Banks; Challenged on Credit Quality Trends, with Selective Opportunities to Be Found

By Victor Galliano

  • In this China banks screen, we focus on the credit quality headwinds going forward and which are the better positioned banks to confront the challenge
  • China bank shares’ PBV ratios have eroded over time, due to low growth and credit quality concerns; yet through our analysis of these bank, we see selective contrarian positive opportunities
  • CCB is a core GEM bank buy for its deeply discounted valuations and strong balance sheet; Ping An Bank is the deep value contrarian pick; Minsheng is our fundamental sell

HK Connect SOUTHBOUND Flows (To 13 Sep 2024); Weak Data, Weak Markets, but BABA and Banks!

By Travis Lundy

  • SOUTHBOUND was a net buyer this week. Over five days, it was +HK$12.5bn on high gross volume, but all of that net buying was on Alibaba Group Holding (9988 HK)
  • Alibaba Group Holding (9988 HK) became SOUTHBOUND-eligible on Tuesday, and mainland buyers bought US$2.1bn of BABA shares, more than total SOUTHBOUND net buys.
  • Gross volumes were highest in months. This was a big week. Even bigger than just BABA. After BABA the story was banks buying. 

Quiddity Leaderboard HSCEI Dec 24: Two Changes Possible; US$265mn Capping Flows One-Way

By Janaghan Jeyakumar, CFA

  • The HSCEI serves as a benchmark to reflect the overall performance of the top 50 “Mainland China” securities listed in Hong Kong.
  • In this insight, we take a look at the potential index changes and the resultant capping flows for HSCEI index rebal event in December 2024.
  • At present, we see two ADDs/DELs based on the latest available data but the rankings can change until 30th September 2024.

K-Bank’s IPO Details Out: Aggressive Pricing, but as a Crypto Play, It Might Surprise

By Sanghyun Park

  • Compared to its overseas peers, K-Bank’s high valuation still stands out due to a significant gap in net income size relative to market cap.
  • The offering structure, with 50% secondary sales and weak lock-up commitments, means post-IPO float could spike to around 40%, making a stock price bump unlikely.
  • K-Bank’s crypto-focused model might attract investors valuing it as a crypto play, potentially influencing IPO pricing and post-listing stock performance.

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Daily Brief TMT/Internet: Taiwan Semiconductor (TSMC) – ADR, Palo Alto Networks, Ambarella Inc, Descartes Systems Grp, Teradyne Inc and more

By | Daily Briefs, TMT/Internet

In today’s briefing:

  • MV US Listed Semiconductor 25 Index Rebalance: Round-Trip Trade Over US$2bn
  • Palo Alto Networks’ Bold Shift: Can AI-Driven Security Keep Up with Cyber Threats?
  • Ambarella’s AI Surge: Can IoT and Automotive Growth Drive Future Success?
  • The Descartes Systems Group: Advantage Through Strategic Acquisitions – Focus on BoxTop Technologies! – Major Drivers
  • Teradyne Inc.: Expansion into High-Payload Robotics and Channel Growth Is A Critical Growth Lever! – Major Drivers


MV US Listed Semiconductor 25 Index Rebalance: Round-Trip Trade Over US$2bn

By Brian Freitas


Palo Alto Networks’ Bold Shift: Can AI-Driven Security Keep Up with Cyber Threats?

By Baptista Research

  • Palo Alto Networks’ fiscal fourth quarter 2024 earnings announcement underscores both strides and challenges in the cybersecurity landscape, reflecting a dynamic sector intensively engaged with technological advancements and emerging threats.
  • Chairman and CEO Nikesh Arora detailed the company’s response to significant cybersecurity threats, including ransomware and public data extortion, emphasizing a heightened focus on AI and platformization to simplify client security architectures.
  • Financially, Palo Alto Networks reported exceeding its quarterly revenue and EPS guidance.

Ambarella’s AI Surge: Can IoT and Automotive Growth Drive Future Success?

By Baptista Research

  • Ambarella’s Q2 Fiscal Year 2025 earnings revealed a mixed yet promising scenario as the company navigates through a challenging economic environment while seizing growing demands for AI-powered solutions.
  • Dr. Fermi Wang, President and CEO, alongside CFO John Young, presented a detailed account of the company’s performance and future outlook which provides a comprehensive understanding of its position and strategies moving forward.
  • Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

The Descartes Systems Group: Advantage Through Strategic Acquisitions – Focus on BoxTop Technologies! – Major Drivers

By Baptista Research

  • The Descartes Systems Group has reported its quarterly financial results, illustrating a strong performance across several key financial metrics.
  • This performance is anchored by a 14% increase in total revenues yearover-year, with a significant component of this growth being organic, estimated at about 9%.
  • Furthermore, the company enjoyed a 23% increase in net income compared to the previous year, and adjusted EBITDA climbed by 17%, surpassing the company’s target growth range of 10%-15% annually.

Teradyne Inc.: Expansion into High-Payload Robotics and Channel Growth Is A Critical Growth Lever! – Major Drivers

By Baptista Research

  • Teradyne, a leading provider of automated test equipment, exhibited mixed financial results in the second quarter of 2024, grappling with various segment-specific dynamics and macroeconomic factors.
  • The company reported a robust performance in its System on Chip (SOC) and Memory segments, primarily boosted by elevated demand from cloud AI applications.
  • Additionally, Teradyne noted solid deliveries in the Compute sector, attributed to the dense network requirements of AI data centers.

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Daily Brief United States: UiPath Inc, Samsara, Apple , Advanced Micro Devices, Guidewire Software, DocuSign , Broadcom , Research Affiliates Deletions ETF, C3.ai Inc, Bitcoin and more

By | Daily Briefs, United States

In today’s briefing:

  • UiPath Inc.: Cloud First Strategy and Cloud ARR Growth Driving Our Optimism! – Major Drivers
  • Samsara Inc.: Market Expansion through Customer ROI and New Segments & Other Major Drivers
  • Episode 84: Apple’s Technology and AI
  • AMD Strengthens CPU Market Position as Intel Faces Challenges in Data Center Growth
  • Guidewire Software: A Bear’s Perspective/ 4 Reasons Why We Are Not Too Optimistic! – Major Drivers
  • DocuSign Inc.: Expanding Use of Intelligent Agreement Management (IAM) & The Agreement Cloud Are Critical Growth Levers! – Major Drivers
  • Broadcom’s Revenue Forecast A Bit Optimistic? Can AI and VMware Keep the Growth Streak Alive?
  • This ETF Is All About Rejection
  • C3.ai Inc.: Expanding Partnership with Hyperscalers & Enhancement of Enterprise AI Applications To Drive Growth! – Major Drivers
  • Crypto Moves #43 – Trading Crypto on the First U.S. Rate Cut


UiPath Inc.: Cloud First Strategy and Cloud ARR Growth Driving Our Optimism! – Major Drivers

By Baptista Research

  • UiPath, a leader in AI-powered automation platforms, has exhibited a positive performance in its fiscal second quarter of 2025, as discussed in their recent earnings call.
  • The company surpassed the upper end of its financial guidance across key metrics, an indication of effective execution and robust value delivery to customers.
  • The report showed significant advancements, with UiPath achieving a 19% increase in Annual Recurring Revenue (ARR), reaching $1.551 billion.

Samsara Inc.: Market Expansion through Customer ROI and New Segments & Other Major Drivers

By Baptista Research

  • Samsara’s second quarter fiscal 2025 earnings report reflects a period of substantial growth and profitability, underscoring the company’s strategic positioning and operational efficiency in the Internet of Things (IoT) and connected operations market.
  • The company announced annual recurring revenue (ARR) of $1.26 billion, marking a significant year-over-year increase of 36%.
  • Additionally, a notable achievement includes a quarterly record for non-GAAP operating margin, which highlights Samsara’s ability to scale profitably.

Episode 84: Apple’s Technology and AI

By The Circuit

  • Apple’s latest iPhone release received mixed reviews, with some finding it to be a ho-hum upgrade
  • The base level iPhone 16 was seen as having more significant improvements compared to previous models
  • There is a shift in Apple’s strategy to attract more users to upgrade to the base model iPhone 16, potentially increasing sales volume but leading to a drop in average selling price

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


AMD Strengthens CPU Market Position as Intel Faces Challenges in Data Center Growth

By Uttkarsh Kohli

  • AMD’s market share in the desktop CPU segment has surged to 30%, driven by strong Ryzen sales and innovative product releases, challenging Intel’s longstanding dominance in this space.
  • Intel’s revenue in the data centre segment fell 20% year-over-year, reflecting challenges in product delays and increasing competition from AMD’s EPYC processors, impacting overall growth potential.
  • Both companies have ramped up AI-related investments, with AMD committing $1.5 billion and Intel investing $3 billion in AI technology development, aiming to capitalize on the growing market demand.

Guidewire Software: A Bear’s Perspective/ 4 Reasons Why We Are Not Too Optimistic! – Major Drivers

By Baptista Research

  • Guidewire Software Inc. concluded its fiscal fourth quarter and full year 2024 financials with robust performance, spearheaded by a successful shift towards cloud-based services.
  • The transition to a vertical software-as-a service (SaaS) model from an on-premise system appears to capture significant market interest, marked by an annual recurring revenue (ARR) growth of 14% and fully-ramped ARR acceleration of 19%.
  • This transition underscores the company’s strategic realignment towards offering more scalable and efficient cloud solutions.

DocuSign Inc.: Expanding Use of Intelligent Agreement Management (IAM) & The Agreement Cloud Are Critical Growth Levers! – Major Drivers

By Baptista Research

  • DocuSign, in its second quarter fiscal year 2025 earnings release, reported a continued trend of moderated but stable growth, enhanced operational efficiency, and progress in strategic initiatives including the rollout of its new Intelligent Agreement Management (IAM) platform.
  • With quarterly revenue reported at $736 million, representing a 7% year-over-year increase, the company manifests a steady financial trajectory albeit not at a high-growth pace.
  • The consistency in dollar net retention at 99% suggests a strong customer base, although the figure also signals limited expansion within the existing customers.

Broadcom’s Revenue Forecast A Bit Optimistic? Can AI and VMware Keep the Growth Streak Alive?

By Baptista Research

  • Broadcom Inc. reported a strong fiscal third quarter in 2024, with consolidated net revenue of $13.1 billion, marking a 47% increase compared to the same period last year.
  • The operating profit also rose by 44% year-on year.
  • This performance can be largely attributed to the growth in AI revenue, accelerated bookings at VMware, and the stabilization of non-AI semiconductor revenue.

This ETF Is All About Rejection

By Trillions

  • Research Affiliates Deletions ETF, ticker symbol NIXED, pioneered by Rob Arnott, known as the grandfather of smart beta
  • ETF capitalizes on data showing better performance of stocks after being kicked out of an index
  • Index funds add new stocks at high valuations, causing underperformance, while stocks being deleted outperform in the first year

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


C3.ai Inc.: Expanding Partnership with Hyperscalers & Enhancement of Enterprise AI Applications To Drive Growth! – Major Drivers

By Baptista Research

  • C3 AI’s first quarter fiscal year 2025 earnings results present a close look at a company experiencing significant traction and visibility in the enterprise AI market.
  • The company reported a total revenue of $87.2 million for the quarter, which is a 21% year-over-year increase.
  • This performance is notably ahead of analyst expectations and underscores a trajectory of accelerating growth that C3 AI has demonstrated over six consecutive quarters.

Crypto Moves #43 – Trading Crypto on the First U.S. Rate Cut

By Mads Eberhardt

  • It is becoming increasingly clear that the first U.S. interest rate cut is just around the corner.
  • The next Federal Open Market Committee (FOMC) meeting, scheduled for September 18, will determine the Federal Reserve’s (FED) next move on U.S. Dollar interest rates.
  • The FED has strongly indicated its intent to reduce rates by at least 25 basis points, with a slim possibility of a 50 basis point cut, although this is highly unlikely following the release of a slightly higher-than-expected U.S. Consumer Price Index (CPI) yesterday.

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Daily Brief Quantitative Analysis: Hong Kong Buybacks Weekly (Sep 13th): Tencent and more

By | Daily Briefs, Quantitative Analysis

In today’s briefing:

  • Hong Kong Buybacks Weekly (Sep 13th): Tencent, Meituan, Aia


Hong Kong Buybacks Weekly (Sep 13th): Tencent, Meituan, Aia

By Ke Yan, CFA, FRM

  • We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Sep 13th based on HKEx daily reports.
  • In the past 7 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), Meituan (3690 HK), AIA (1299 HK).
  • In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), AIA (1299 HK), Meituan (3690 HK).

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Daily Brief Thematic (Sector/Industry): AUCTUS ON FRIDAY -136/09/2024 and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • AUCTUS ON FRIDAY -136/09/2024


AUCTUS ON FRIDAY -136/09/2024

By Auctus Advisors

  • Chariot (CHAR LN)C; Target price £0.40 per share: Anchois-3 encounters gas in the appraisal targets but one of the exploration target is dry – The Anchois-3 well has 3 objectives.
  • While the initial pilot hole encountered the targeted reservoirs at the Anchois Footwall prospect, they were interpreted as water wet.
  • Our ReNAV for this prospect was £0.03/sh.

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Daily Brief Crypto: Crypto Moves #43 – Trading Crypto on the First U.S. Rate Cut and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Crypto Moves #43 – Trading Crypto on the First U.S. Rate Cut


Crypto Moves #43 – Trading Crypto on the First U.S. Rate Cut

By Mads Eberhardt

  • It is becoming increasingly clear that the first U.S. interest rate cut is just around the corner.
  • The next Federal Open Market Committee (FOMC) meeting, scheduled for September 18, will determine the Federal Reserve’s (FED) next move on U.S. Dollar interest rates.
  • The FED has strongly indicated its intent to reduce rates by at least 25 basis points, with a slim possibility of a 50 basis point cut, although this is highly unlikely following the release of a slightly higher-than-expected U.S. Consumer Price Index (CPI) yesterday.

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