Category

Daily Briefs

Oct 05
0

Daily Brief Industrials: Jardine Matheson Holdings, Eva Airways and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Primer: Jardine Matheson Holdings (JM SP) – Oct 2025
  • Monthly Air Cargo Tracker | August Shows Pockets of Growth | But LF, Pricing Both Still Very Weak

Primer: Jardine Matheson Holdings (JM SP) – Oct 2025

By αSK

  • Jardine Matheson is a diversified, Asia-focused conglomerate with a portfolio of market-leading businesses in sectors such as property, retail, automotive, and hospitality.
  • The company is currently undergoing a strategic shift from an ‘owner-operator’ model to that of an engaged, investment-focused portfolio company, aiming to enhance long-term shareholder returns.
  • While facing headwinds from its exposure to the Hong Kong and mainland China property markets, the company’s diversified portfolio and strong presence in Southeast Asia, particularly through its subsidiary Astra International, provide a degree of resilience and growth potential.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Monthly Air Cargo Tracker | August Shows Pockets of Growth | But LF, Pricing Both Still Very Weak

By Daniel Hellberg

  • Despite a few pockets of improved demand, key Transpacific trade remains weak
  • Most carriers reported low (48% – 68%) but stable cargo load factors in August
  • For carriers, still lots of empty space to sell; macro view shows no “snap-back”

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Oct 05
0

Daily Brief Energy/Materials: Crude Oil, CRB Commodity Index and more

By | Daily Briefs, Energy & Materials Sector

In today’s briefing:

  • Oil futures: Crude heads for steep weekly losses ahead of OPEC+
  • Q4 Outlook for Our Investment Themes

Oil futures: Crude heads for steep weekly losses ahead of OPEC+

By Quantum Commodity Intelligence

  • Crude oil futures steadied Friday after four consecutive losses left prices sharply lower on the week, coming ahead of Sunday’s keenly anticipated online OPEC+ meeting.
  • Front-month Dec25 ICE Brent futures were trading at $64.42/b (2005 BST) versus Thursday’s settle of $64.11/b, while Nov25 NYMEX WTI was at $60.73/b against a previous close of $60.48/b.
  • Benchmarks had traded higher earlier in the day before losing steam in late trading.

Q4 Outlook for Our Investment Themes

By Rikki Malik

  • How have our major investment themes performed so far in 2025?
  • Review of the performance of the major markets and asset classes we focus on
  • We revisit our outlook for each of those asset classes for Q4 25

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Oct 05
0

Daily Brief Industrials: Jardine Matheson Holdings, Eva Airways and more

By | Daily Briefs, Industrials

In today’s briefing:

  • Primer: Jardine Matheson Holdings (JM SP) – Oct 2025
  • Monthly Air Cargo Tracker | August Shows Pockets of Growth | But LF, Pricing Both Still Very Weak

Primer: Jardine Matheson Holdings (JM SP) – Oct 2025

By αSK

  • Jardine Matheson is a diversified, Asia-focused conglomerate with a portfolio of market-leading businesses in sectors such as property, retail, automotive, and hospitality.
  • The company is currently undergoing a strategic shift from an ‘owner-operator’ model to that of an engaged, investment-focused portfolio company, aiming to enhance long-term shareholder returns.
  • While facing headwinds from its exposure to the Hong Kong and mainland China property markets, the company’s diversified portfolio and strong presence in Southeast Asia, particularly through its subsidiary Astra International, provide a degree of resilience and growth potential.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Monthly Air Cargo Tracker | August Shows Pockets of Growth | But LF, Pricing Both Still Very Weak

By Daniel Hellberg

  • Despite a few pockets of improved demand, key Transpacific trade remains weak
  • Most carriers reported low (48% – 68%) but stable cargo load factors in August
  • For carriers, still lots of empty space to sell; macro view shows no “snap-back”

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Oct 05
0

Daily Brief TMT/Internet: Reddit , Intel Corp, Hang Seng Index, Taiwan Semiconductor (TSMC) – ADR and more

By | Daily Briefs, TMT/Internet

In today’s briefing:

  • Reddit’s ChatGPT Collapse: A Warning Sign For All AI Content Sellers!
  • Intel Could Build Chips For AMD?! Wall Street Stunned By Shocking Twist!
  • Hong Kong Single Stock Options (Sept 29 – Oct 03): Materials and IT Lead Amid Rising Option Activity
  • Taiwan Dual-Listings Monitor: TSMC Premium Remains High Ahead of 3Q Results; CHT Rare ADR Discount

Reddit’s ChatGPT Collapse: A Warning Sign For All AI Content Sellers!

By Baptista Research

  • Reddit shares have taken a sharp dive following a troubling drop in references from OpenAI’s ChatGPT platform, sparking fresh concerns over the stability of its AI licensing revenue stream.
  • Once hailed as one of the most valuable sources of human-generated conversational data, Reddit has increasingly leaned into its role as a supplier of AI training material, boasting of its extensive corpus being the “#1 most cited domain” for large language models (LLMs).
  • However, recent data showing a sharp decline in ChatGPT references has jolted investors, raising red flags about the longevity and sustainability of this monetization route.

Intel Could Build Chips For AMD?! Wall Street Stunned By Shocking Twist!

By Baptista Research

  • Intel’s stock recently spiked on a stunning twist in the semiconductor saga: reports indicate Intel could manufacture chips for longtime rival AMD.
  • This development is sending shockwaves through the chip sector and has investors re-evaluating what was once unthinkable.
  • As Intel CEO Lip-Bu Tan pushes to reinvent the company’s future, this move—if confirmed—signals a seismic shift in strategy.

Hong Kong Single Stock Options (Sept 29 – Oct 03): Materials and IT Lead Amid Rising Option Activity

By John Ley

  • HSI extended gains to fresh highs, supported by strong breadth, surging Materials and IT names, and rising single stock option activity
  • Broad gains across all sectors highlighted strong momentum, with leadership from Materials and Information Technology.
  • We examine the distribution of returns since the April lows finding that the tails are distinctly unbalanced.

Taiwan Dual-Listings Monitor: TSMC Premium Remains High Ahead of 3Q Results; CHT Rare ADR Discount

By Vincent Fernando, CFA

  • TSMC: +26.8% Premium; Remains at Historical Extreme; Earnings Release Ahead
  • ChipMOS: +1.3% Premium; Wait for Higher Level Before Shorting the Spread
  • CHT: -1.0% Discount; Good Level to Go Long the ADR Spread

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Oct 05
0

Daily Brief Financials: Sony Financial Group, Dollar Index and more

By | Daily Briefs, Financials

In today’s briefing:

  • Primer: Sony Financial Group (8729 JP) – Oct 2025
  • Beyond the Current Account Deficit: What Drives the US Dollar?

Primer: Sony Financial Group (8729 JP) – Oct 2025

By αSK

  • Recent Spin-off and Independent Growth Trajectory: Sony Financial Group (SFG) recently completed its spin-off from Sony Group, becoming a publicly traded entity on the Tokyo Stock Exchange. This strategic move is designed to allow SFG to pursue its own growth strategies with greater agility and focus on its core financial services businesses, while still leveraging the strong brand recognition of Sony.
  • Diversified Financial Services Portfolio: SFG operates a well-established and diversified business portfolio consisting of life insurance (Sony Life), non-life insurance (Sony Assurance), and banking (Sony Bank). This diversification provides multiple revenue streams and helps to mitigate risks associated with any single segment of the financial services industry.
  • Shareholder Return Initiatives Amidst Market Volatility: In conjunction with its listing, SFG has announced a significant share buyback program of up to ¥100 billion. This is intended to enhance capital efficiency and mitigate potential selling pressure from index rebalancing, demonstrating a commitment to shareholder returns during a transitional period for the stock.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Beyond the Current Account Deficit: What Drives the US Dollar?

By Kok Peng Chan

  • Investors are under-appreciating a sharp narrowing of the US current account deficit in 2Q25. This is a sustainable trend as net government borrowing normalises to around 5% of GDP
  • The US is not losing its ability to attract long term capital flows. In 2Q25, net foreign direct investment reached $121b, the strongest since 3Q22
  • The result is a sharp improvement in the basic balance. Investors should monitor this indicator to assess whether Trump’s policy mix of fiscal consolidation and re-shoring is succeeding or not

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Oct 05
0

Daily Brief Health Care: Acadia Healthcare Co, Ganzhou Hemay Pharmaceutical, Halozyme Therapeutics and more

By | Daily Briefs, Healthcare

In today’s briefing:

  • Acadia Healthcare’s Survival Strategy? Activist Investor Khrom Capital Pushes For Full-Scale Sale!
  • Pre-IPO Ganzhou Hemay Pharmaceutical – The Concerns on the Pipelines
  • Halozyme’s $900M Hypercon Bet: Will Elektrofi Redefine SubQ Drug Delivery?

Acadia Healthcare’s Survival Strategy? Activist Investor Khrom Capital Pushes For Full-Scale Sale!

By Baptista Research

  • Acadia Healthcare faces mounting pressure from Khrom Capital Management LLC, a 5.5% shareholder, which has launched an activist campaign urging the company to explore strategic alternatives, including a potential sale.
  • This comes amid prolonged underperformance, a burdensome debt profile, and investor dissatisfaction.
  • In a strongly worded letter to Acadia’s board, Khrom pointed to a 71% stock price decline over the past three years and echoed calls from another activist, Engine Capital, which recently took a 3% stake.

Pre-IPO Ganzhou Hemay Pharmaceutical – The Concerns on the Pipelines

By Xinyao (Criss) Wang

  • Mufemilast will face fierce competition and price reduction due to NRDL negotiation for related indications. For autoimmune disease drugs, overseas market space and ceiling are much higher than in China.
  • Hemay022’s market space is narrower than pan HER2 inhibitors and HER2 ADC. There is still uncertainty in efficacy/safety profile. Hemay022 will face challenges in terms of commercialization after market launch.
  • The current valuation logic for innovative drugs in China has changed. Without decent licensing cooperation, Hemay’s valuation will be discounted. Valuation of Hemay should be lower than peers.

Halozyme’s $900M Hypercon Bet: Will Elektrofi Redefine SubQ Drug Delivery?

By Baptista Research

  • In a bold strategic step, Halozyme Therapeutics announced its agreement to acquire Boston-based drug delivery innovator Elektrofi for $750 million in cash, with up to $150 million more in milestone payments tied to three product approvals.
  • The acquisition is expected to close in Q4 2025 and is being financed through a mix of cash reserves and debt, raising Halozyme’s net leverage to approximately 2x net debt-to-EBITDA.
  • The move complements Halozyme’s existing ENHANZE platform with Elektrofi’s Hypercon technology, which enables ultra-high biologic concentrations of 400–500 mg/mL—4–5x above current industry norms—allowing for subcutaneous administration of large-molecule drugs in smaller volumes.

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Oct 05
0

Daily Brief Consumer: TSE Tokyo Price Index TOPIX, LG Electronics India, MINISO Group Holding , Soft99 Corp and more

By | Consumer, Daily Briefs

In today’s briefing:

  • To Attract Long-Term Investors to Japanese Equities, Documents Disclosed in English Must Be Expanded
  • LG Electronics India IPO: Updates Support the Bull Case
  • Last Week In Event SPACE: MINISO, Sony Financial, Zijin Mining/Gold, Jardines/Mandarin Oriental
  • (Mostly) Asia-Pac M&A: Soft99, Seven West Media, ReNew Energy Global, Spindex Industries

To Attract Long-Term Investors to Japanese Equities, Documents Disclosed in English Must Be Expanded

By Aki Matsumoto

  • While 95% of companies now disclose mandatory documents in English, concerns remain that when only partial disclosure is made in English, important information may not be disclosed in English.
  • The simultaneous disclosure of Japanese and English versions of previously delayed disclosure materials has been well received by overseas investors.
  • Companies’ attitudes differ significantly between documents mandated by the TSE and those that are not. Documents not subject to mandatory requirements are left to the company’s discretion.

LG Electronics India IPO: Updates Support the Bull Case

By Arun George

Last Week In Event SPACE: MINISO, Sony Financial, Zijin Mining/Gold, Jardines/Mandarin Oriental

By David Blennerhassett

(Mostly) Asia-Pac M&A: Soft99, Seven West Media, ReNew Energy Global, Spindex Industries

By David Blennerhassett

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Oct 05
0

Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 05 Oct 2025

By | Private Markets, Smartkarma Newswire

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

  1. OpenAI becomes the world’s most valuable private company with a $500 billion valuation
    SoftBank, Thrive Capital, and UAE-based MGX among investors in the $6.6 billion employee share buyout.
  2. AI sector sees investor stampede despite VC activity slowdown
    Global AI deal value hits $192.7 billion in first three quarters of the year, setting a new record.
  3. South Korean AI chip startup Rebellions raises $250 million in Series C round
    Samsung Ventures and Pegatron VC lead funding for tech startup.
  4. Singaporean open-source database startup Supabase valued at $5 billion in Series E funding round
    Accel and Peak XV are the major investors in the latest funding round.
  5. Accel and GIC lead $300 million funding round in US-based AI coding startup Vercel
    Startup valued at almost $9.3 billion in the latest investment.
  6. Startup funding news – Advance Intelligence Group considers new equity fundraising
    Parent company of BNPL app Atome explores growth-stage funding options.
  7. LINE Corp. acquires majority shares in LINE MAN Wongnai
    Investment vehicles of GIC sell shares in Thai unicorn leading to regulatory changes.
  8. Velocitor Solutions acquires spatial data and AI platform Nextbillion.ai
    Lightspeed Venture Partners among investors in the acquisition deal.
  9. GIC leads $105 million secondary transaction in US-based workflow orchestration startup Temporal Technologies
    Startup valued at $2.5 billion in the latest funding round.
  10. Neptune Robotics raises $52 million in Series B funding for underwater robot development
    Granite Asia and NYK Line are major investors in the Singapore-based startup.

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Disclaimer:This article by is general in nature and based on publicly available information and not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material. While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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