Category

Daily Briefs

Nov 08
0

Daily Brief ESG: Will Strengthened Disclosure Rules and Tax Incentives Drive Growth Investment? and more

By | Daily Briefs, ESG

In today’s briefing:

  • Will Strengthened Disclosure Rules and Tax Incentives Drive Growth Investment?

Will Strengthened Disclosure Rules and Tax Incentives Drive Growth Investment?

By Aki Matsumoto

  • Corporate Governance Code seems to be revised in ‘verifying and disclosing cash allocation’ in addition to ‘requests for disclosure in annual securities reports to enhance items related to human capital.’
  • This time, the disclosure request concerns cash allocation. Previously, disclosure regarding policy shareholdings was requested, but the elimination of cross-shareholdings did not progress smoothly.
  • The government plans to encourage growth investment in accumulated cash reserves without business plans for growth by strengthening disclosure rules and offering tax incentives.

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Nov 08
0

Daily Brief Quantitative Analysis: Hong Kong Buybacks Weekly (Nov 7th): Cosco Shipping and more

By | Daily Briefs, Quantitative Analysis

In today’s briefing:

  • Hong Kong Buybacks Weekly (Nov 7th): Cosco Shipping, China Feihe, Sinopec

Hong Kong Buybacks Weekly (Nov 7th): Cosco Shipping, China Feihe, Sinopec

By Ke Yan, CFA, FRM

  • We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Nov 7th based on HKEx daily reports.
  • In the past 7 days, the top 3 companies that repurchased the most shares from the market were Cosco Shipping (1919 HK), China Feihe (6186 HK), Sinopec (386 HK).
  • In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), Xiaomi (1810 HK), China Feihe (6186 HK).

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Nov 08
0

Daily Brief Technical Analysis: Expecting Upside to Continue into Early-2026 for Global Equities $ACWI and more

By | Daily Briefs, Technical Analysis

In today’s briefing:

  • Expecting Upside to Continue into Early-2026 for Global Equities $ACWI

Expecting Upside to Continue into Early-2026 for Global Equities $ACWI

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment
  • Our bullish near-term outlook will remain in place as long as the 6-month uptrend continues on ACWI-US, which generally coincides with the 50-day MA.
  • Short-Term supports to watch on ACWI-US include the 6-month uptrend (currently at $139.40), the 50-day MA (currently $137.95), and $135.70.

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Nov 08
0

Daily Brief United States: Rollins Inc, Taiwan Semiconductor (TSMC) – ADR, Entergy Corp, Microsoft Corp, Otis Worldwide , Chipotle Mexican Grill, Meta, Ebay Inc, Cognizant Tech Solutions A, BillionToOne and more

By | Daily Briefs, United States

In today’s briefing:

  • Rollins Is Building a Pest Control Empire – Here’s How Its Acquisition Spree Is Paying Off!
  • Margin Call at 2nm: What TSMC’s Price Hike Means for the Chip Ecosystem
  • Entergy’s $41 Billion Energy Surge: Is It Powering the Next Tech Revolution?
  • Microsoft’s Q3 Earnings: How A Strategic AI Upgrade Could Trigger a Cloud Supercycle!
  • Otis Worldwide Corporation’s Modernization Push in China: Will It Pay Off?
  • Chipotle Mexican Grill: Unit Growth & Operational Enhancements Boosting Store-Level Economics!
  • Meta Platforms Q3 Earnings: Why Advertisers Are Calling Advantage+ a Game Changer!
  • eBay Live Growth Explodes 5X – Can It Beat Amazon at Its Own Game?
  • Cognizant Technology Solutions: How Large-Deal Momentum & Talent Stabilization Are Supporting Revenue Trajectory?
  • BillionToOne, Inc. (BLLN): Precision Diagnostics Firm Soars 82% in One of 2025’s Best IPO Debuts

Rollins Is Building a Pest Control Empire – Here’s How Its Acquisition Spree Is Paying Off!

By Baptista Research

  • Rollins, Inc. has reported its third-quarter results for 2025, highlighting several key areas of growth and operational efficiency.
  • The company experienced a total revenue growth of 12%, driven by organic growth of 7.2%.
  • Acquisitions, including Saela, further contributed to these results.

Margin Call at 2nm: What TSMC’s Price Hike Means for the Chip Ecosystem

By Raghav Vashisht

  • TSMC’s advanced-node wafer costs are rising sharply, with 2nm pricing now 50% above 3nm and multi-year price hikes expected; margin pressures likely for fabless players like Qualcomm, MediaTek, and AMD.
  • U.S. fab expansion eroding TSMC’s cost advantage; production reportedly 30–50% more expensive than in Taiwan. This opens the door for Intel and Samsung as geopolitical and cost dynamics shift.
  • Presently, TSMC remains irreplaceable in yield and process leadership, but one key moat may no longer be unchallenged; foundry competition to reshape over the next three years.

Entergy’s $41 Billion Energy Surge: Is It Powering the Next Tech Revolution?

By Baptista Research

  • Entergy Corporation, an integrated energy company engaged in electric power production and distribution, released a largely positive third-quarter earnings report, showcasing strong financial performance and strategic progress in regulatory and business matters.
  • The company reported an adjusted earnings per share of $1.53, prompting it to narrow the 2025 guidance range upwards by $0.10 at the lower boundary due to solid results and strategic flex spending.
  • This financial robustness underpins the company’s sustained confidence in its long-term growth outlook which projects an annual EPS growth rate of greater than 8% through 2029.

Microsoft’s Q3 Earnings: How A Strategic AI Upgrade Could Trigger a Cloud Supercycle!

By Baptista Research

  • Microsoft reported a robust financial performance for its fiscal year 2026 first quarter, underscoring its leadership in the burgeoning cloud and AI sectors.
  • The company’s revenue reached $77.7 billion, an 18% increase from the previous year, driven significantly by Microsoft Cloud, which generated $49.1 billion, up 26% year-over-year.
  • This growth was attributed to strong demand for Azure and AI-driven solutions, particularly through strategic partnerships like that with OpenAI.

Otis Worldwide Corporation’s Modernization Push in China: Will It Pay Off?

By Baptista Research

  • The latest earnings call for Otis Worldwide Corporation reveals a mixture of positive growth metrics and ongoing challenges, providing a comprehensive overview for potential investors.
  • On the positive side, Otis reported a return to growth, with organic sales increasing by 2% in the third quarter, driven primarily by the Service segment, which increased by 6%.
  • Modernization sales showed a significant jump, with organic sales climbing 14%, reflecting a robust demand and effective order backlog conversion.

Chipotle Mexican Grill: Unit Growth & Operational Enhancements Boosting Store-Level Economics!

By Baptista Research

  • Chipotle Mexican Grill’s third-quarter performance for fiscal 2025 reveals a mixed picture.
  • The company reported a 7.5% increase in sales, reaching $3 billion, though same-store sales increased by only 0.3%.
  • Digital sales contributed significantly, making up 36.7% of total sales.

Meta Platforms Q3 Earnings: Why Advertisers Are Calling Advantage+ a Game Changer!

By Baptista Research

  • Meta Platforms, Inc. recently reported its financial performance for the third quarter of 2025.
  • The company showcased robust user engagement across its suite of applications, with 3.5 billion people using one or more Meta apps daily.
  • Instagram reported an impressive 3 billion monthly active users, marking a significant milestone.

eBay Live Growth Explodes 5X – Can It Beat Amazon at Its Own Game?

By Baptista Research

  • eBay’s third-quarter financial performance for 2025 highlighted a balance of strengths and areas for potential improvement.
  • The company’s gross merchandise volume (GMV) grew by 8% year-over-year, amounting to $20.1 billion, and revenue increased by over 8% to $2.82 billion.
  • Furthermore, non-GAAP earnings per share rose over 14% to $1.36.

Cognizant Technology Solutions: How Large-Deal Momentum & Talent Stabilization Are Supporting Revenue Trajectory?

By Baptista Research

  • Cognizant Technology Solutions recently reported their Q3 2025 results, showcasing significant performance that suggests both enhancements in their operational capabilities and efforts to position themselves within the burgeoning AI landscape.
  • Revenue for the quarter reached $5.4 billion, reflecting a 6.5% increase year-over-year in constant currency.
  • This growth marks the fifth consecutive quarter of organic revenue increase, highlighting the company’s robust performance across multiple sectors and geographies.

BillionToOne, Inc. (BLLN): Precision Diagnostics Firm Soars 82% in One of 2025’s Best IPO Debuts

By IPO Boutique

  • BillionToOne priced above range at $60.00 and opened at $100.00, closing up 81.6% at $108.94.
  • The deal was more than 20x oversubscribed, driven by strong long-only and healthcare demand
  • Backed by top-tier investors and partnerships with Johnson & Johnson, BLLN’s profitability and precision platform stood out in a choppy IPO market.

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Nov 08
0

Daily Brief Thematic (Sector/Industry): Japan Strategy Weekly | Bears in the Shadows and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Japan Strategy Weekly | Bears in the Shadows
  • Mine-To-Magnet: Unlocking India’s Rare Earth Ascent.
  • AUCTUS ON FRIDAY – 07/11/2025
  • Parc Stocks (PARC) – Thursday, Aug 7, 2025
  • Singapore Market Roundup (07-Nov-2025): DBS hits record high; UOB falls 2.8%, OCBC still rates
  • Tech Supply Chain Tracker (07-Nov-2025): Global Server Market Forecast, Q4 2025

Japan Strategy Weekly | Bears in the Shadows

By Mark Chadwick

  • For the week: Nikkei: -4.1% | TPX -1% | JPY 153.49 (-0.52¥ )
  • Sector:  Services +3.3%, Agri +3.2%, Other Prod. +3%; Telco -7.1%, Shippers -4.1%, Elec. Equip. -3.8% 
  • Stocks: Anritsu +19%, Goldwin +18%, Ryohin Keikaku +17%, NH Foods +15%, NSK +14%, Japan Tobacco +13%

Mine-To-Magnet: Unlocking India’s Rare Earth Ascent.

By Sudarshan Bhandari

  • China dominates the Rare Earths market, but global diversification is accelerating due to supply chain security and export curbs.
  • India holds 8% of global reserves and is adopting a “mine-to-magnet” strategy, backed by the Rs. 16,300 crore Critical Mineral Mission.
  • India’s REE demand is expected to double by 2030 (driven by EVs/wind), supported by Rs.5,000 crore magnet incentives and export control policies.

AUCTUS ON FRIDAY – 07/11/2025

By Auctus Advisors

  • ADX Energy (ADX AU)C; Target price of A$0.30 per share: Busy 1H26 – 3Q25 WI sales averaged 251 boe/d, in line with expectations.
  • The company held ~A$4 mm in cash at the end of September, also in line with forecasts.
  • A busy operational period is anticipated in 1H26.

Parc Stocks (PARC) – Thursday, Aug 7, 2025

By Value Investors Club (VIC)

Key points (machine generated)

  • The strategy involves buying put options on low-priced PARC stocks (Palantir, Applovin, Robinhood, Coin) for potential high returns.
  • Investors are advised to allocate 1.5 to 2% of their portfolio to these puts to hedge against market downturns.
  • This method allows for a one-way bet with limited loss exposure, effectively de-risking the portfolio without directly targeting the stocks.

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.

Singapore Market Roundup (07-Nov-2025): DBS hits record high; UOB falls 2.8%, OCBC still rates

By Singapore Market Roundup

  • DBS reaches all-time high; UOB drops 2.8%, but OCBC’s research keeps ‘buy’ on UOB.
  • Analysts split on NetLink NBN Trust; commend its stable 5.5% yield.
  • uSMART initiates ‘buy’ on Centurion Corp for its strong margins and demand.

Tech Supply Chain Tracker (07-Nov-2025): Global Server Market Forecast, Q4 2025

By Tech Supply Chain Tracker

  • In Q4 2025, the global server market sees significant changes with E Ink and C3 launching Pixel Paper Labs in Sri Lanka.
  • China’s rare earth export controls are tightening, leading to major hiring initiatives that impact global supply chains.
  • Nintendo’s FY25 forecast improves due to strong Switch 2 sales, while Tesla faces challenges in India due to high import duties.

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Nov 08
0

Daily Brief South Korea: Douzone Bizon, CMTX, Hugel Inc and more

By | Daily Briefs, South Korea

In today’s briefing:

  • Douzone Bizon Situation: TOB Setup Looks Weak; Risks Remain, but Still a Tactical Angle in Play
  • CMTX IPO Book Building Results Analysis
  • EQT Partners Acquires a Controlling Stake in Douzone Bizon
  • Hugel Inc (145020 KS): Disappointing Domestic Sales Dragged 3Q Performance; Export Remains Strong

Douzone Bizon Situation: TOB Setup Looks Weak; Risks Remain, but Still a Tactical Angle in Play

By Sanghyun Park

  • EQT appears to be focused on IRR, prioritizing integration over equity; TOB looks low-return, rights issue chatter spooked markets today, so TOB-driven positioning isn’t realistic near term.
  • EQT also faces risks: FSS cap raise approval and a relatively light 34.85% stake limiting exit flexibility. Still, there’s a tactical angle in play.
  • EQT skipping TOB, but stealthy on-screen buys could spark a flow bounce; local market still eyes short-term setup trade on gradual stake-building.

CMTX IPO Book Building Results Analysis

By Douglas Kim

  • CMTX finalized its IPO price at 60,500, the high end of the IPO price range. The book building process saw participation from 2,423 institutions. Demand ratio was 756.19 to 1. 
  • Our base case valuation of CMTX is implied market cap of 1.0 trillion won or 106,847 won per share (65% higher than the IPO price). 
  • Given the excellent upside, we have a Positive View of this IPO. The 71.8% shares that are under lock-up periods is high and this suggests a very bullish sign. 

EQT Partners Acquires a Controlling Stake in Douzone Bizon

By Douglas Kim

  • On 7 November, it was announced that EQT Partners is acquiring a controlling stake (34.85%) in Douzone Bizon (012510 KS) for about 1.3 trillion won (US$900 million).
  • The acquisition price is 120,000 won per share (44.9% higher than the closing price on Friday).
  • There was no other announcement regarding tender offer of the remaining minority shares and some investors are likely to have bailed out after this disappointment. 

Hugel Inc (145020 KS): Disappointing Domestic Sales Dragged 3Q Performance; Export Remains Strong

By Tina Banerjee

  • Hugel Inc (145020 KS) has reported muted 3Q25 result, with flat revenue and profits decreasing compared to year-ago period. Domestic revenue decreased 19% YoY and dragged overall 3Q25 result.
  • However, strong export revenue of botulinum toxin and dermal fillers is the key bright spot in 3Q25 result. During 3Q25, international revenue grew 12% YoY.
  • Since declaring 2Q result, Hugel shares plunged ~40%. More downside cannot be ruled out. 4Q result showing recovering domestic business and improved profitability under new leadership should be near-term catalyst.     

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Nov 08
0

Daily Brief India: Pine Labs, HDFC Bank and more

By | Daily Briefs, India

In today’s briefing:

  • Pine Labs IPO – RHP Updates and Thoughts on Valuation
  • HDFC Bank (HDFCB IN) Vs. Union Bank Of India (UNBK IN): Pair Trade in Indian Banks Targeting 8%

Pine Labs IPO – RHP Updates and Thoughts on Valuation

By Sumeet Singh

  • Pine Labs is now looking to raise up to US$450m in its upcoming India IPO.
  • Pine Labs (PL) is a fintech firm focused on digitizing commerce through digital payments and issuing solutions for merchants, consumer brands and enterprises, and financial institutions.
  • We have looked at the company’s past performance in our earlier notes. In this note we talk about the RHP updates and provide our thoughts on valuations.

HDFC Bank (HDFCB IN) Vs. Union Bank Of India (UNBK IN): Pair Trade in Indian Banks Targeting 8%

By Gaudenz Schneider

  • Context: The HDFC Bank (HDFCB IN) vs. Union Bank Of India (UNBK IN) price-ratio has deviated more than two standard deviations from its average, presenting a potential relative value opportunity.
  • Highlights: Going long HDFC Bank (HDFCB IN) and short Union Bank of India (UNBK IN) targets an 8% return. 
  • Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.

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Nov 08
0

Daily Brief Credit: Vista 3Q25: Operational Execution and Political Momentum Strengthen Outlook and more

By | Credit, Daily Briefs

In today’s briefing:

  • Vista 3Q25: Operational Execution and Political Momentum Strengthen Outlook
  • Lucror Analytics – Morning Views Asia
  • MercadoLibre: How Fintech and Credit Expansion Are Enhancing Platform Stickiness!

Vista 3Q25: Operational Execution and Political Momentum Strengthen Outlook

By Leandro Gubler

  • We maintain our Overweight view and prefer the 2033 notes, which offer similar yield to the 2035s with lower duration risk.
  • Vista’s strong operating performance, growing exports, and lower sovereign risk than YPF support a resilient credit profile.
  • 3Q25 results showed higher production and EBITDA, though liquidity remains tight; continued execution and easing country risk could drive bond outperformance.

Lucror Analytics – Morning Views Asia

By Trung Nguyen

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: Nissan Motor
  • UST yields declined sharply yesterday, following the release of soft labour market data from alternative sources Challenger and Revelio Labs. The UST curve bull steepened, with the yield on the 2Y and 10Y UST falling 8 bps to 3.56% and 4.08%, respectively.
  • Equities were sold off for the second time in three days, led by declines in AI-related stocks. The S&P 500 retreated 1.1% to 6,720, while the Nasdaq slumped 1.9% to 23,054.

MercadoLibre: How Fintech and Credit Expansion Are Enhancing Platform Stickiness!

By Baptista Research

  • MercadoLibre reported notable financial results for its third quarter of 2025, showcasing a strong continuation of growth trends across its e-commerce and fintech platforms.
  • The company’s revenue grew by 39% year-on-year, marking the 27th consecutive quarter of growth above 30%.
  • This consistent growth is attributed to the company’s strategic investments in various areas such as logistics, free shipping, and financial services.

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Nov 08
0

Daily Brief China: Hainan Meilan International Airport, Alebund Pharmaceuticals Jiangsu, Chow Tai Fook Jewellery, Hang Seng Index, PetroChina and more

By | China, Daily Briefs

In today’s briefing:

  • Meilan Airport (357 HK)’s Special Deal And Tardy MGO
  • Alebund (礼邦生物) Pre-IPO Quick Take: A Niche Renal Specialist
  • Chow Tai Fook(1929 HK): Strong Q2 Operations, Tax Challenges, Future Remains Puzzling
  • Hong Kong Single Stock Options Weekly (Nov 03–07): Growing Split Between Old and New Economy Sectors
  • Expecting Upside to Continue into Early-2026 for Global Equities $ACWI

Meilan Airport (357 HK)’s Special Deal And Tardy MGO

By David Blennerhassett

  • Back on the 30th April 2025, Hainan Meilan International Airport (357 HK) (“Meilan Airport”) announced a potential change of control, via its domestic shares.
  • In principle, this situation involves the re-arrangement of Meilan Airport shares under the same ultimate beneficiary. Nevertheless, the share transfer will trigger an unconditional MGO at HK$10.62/share. 
  • Yesterday, H-class shareholders approved a “Special Deal” at an EGM. And the share price closed above terms. That vote has nothing to do with the share transfer. Perhaps …

Alebund (礼邦生物) Pre-IPO Quick Take: A Niche Renal Specialist

By Ke Yan, CFA, FRM

  • Alebund Pharmaceuticals, a China-based clinical-stage biotech company, is looking to raise at least USD 100 million via a Hong Kong listing. Jefferies, BoA, and HTSC are the joint sponsors.
  • In this note, we look at the company’s history and its core product, AP301, and AP306.
  • We are of the view that the company is worth following.

Chow Tai Fook(1929 HK): Strong Q2 Operations, Tax Challenges, Future Remains Puzzling

By Sreemant Dudhoria,CFA

  • Chow Tai Fook Jewellery (1929 HK) reported strong operational performance for the quarter ended September 2025. This insight shares details about the performance.
  • The recent changes in tax incentive will impact jewelry manufacturers. This insight details about this.
  • Finally, we cover various points which will drive the near term performance of the company.

Hong Kong Single Stock Options Weekly (Nov 03–07): Growing Split Between Old and New Economy Sectors

By John Ley

  • Markets steadied in North America suggesting a firmer open for Hong Kong stock on Monday.
  • Hong Kong market breadth improved notably, suggesting broader participation despite uneven performance across sectors.
  • Option activity eased slightly, though Call demand remained steady relative to overall volume.

Expecting Upside to Continue into Early-2026 for Global Equities $ACWI

By Joe Jasper

  • We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment
  • Our bullish near-term outlook will remain in place as long as the 6-month uptrend continues on ACWI-US, which generally coincides with the 50-day MA.
  • Short-Term supports to watch on ACWI-US include the 6-month uptrend (currently at $139.40), the 50-day MA (currently $137.95), and $135.70.

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Nov 08
0

Daily Brief Macro: HEW: Caution Echoes Outside the BoE and more

By | Daily Briefs, Macro

In today’s briefing:

  • HEW: Caution Echoes Outside the BoE
  • BUY/SELL/HOLD: Hong Kong Market Update (November 5)
  • Big Oil Gained in Q3 as Sanctions and Strikes on Russia Drove Refining Margins Higher
  • Oil futures: Crude off lows amid choppy trade, gasoil cracks eyed
  • CX Daily: How Corruption Burned Through China’s Firefighting Services

HEW: Caution Echoes Outside the BoE

By Phil Rush

  • The BoE resisted cavalier calls for a rate cut this week, but it is much less cautious than we expected. A December rate cut is now likely, absent significant upside surprises.
  • All other central bank announcements this week fit the trend, with cautious holds in Australia, Sweden, Norway, Malaysia and Brazil, and a more careful cut in Mexico.
  • Next week’s UK labour market (and GDP) data are one of the few things that could clear the evidential hurdle to block a cut, although we doubt good news will extend that far.

BUY/SELL/HOLD: Hong Kong Market Update (November 5)

By David Mudd

  • Hong Kong has entered a consolidation stage of its long-term Secular Bull Market.  Southbound buying declined in October from an all time high in the previous month.
  • Dividend yield and low volatility factors outperformed in October as growth and momentum factors declined.  
  • The technology and healthcare sectors declined in October, while the energy and utility sectors gained during the month.

Big Oil Gained in Q3 as Sanctions and Strikes on Russia Drove Refining Margins Higher

By Suhas Reddy

  • Major Western oil giants posted strong Q3 2025 profits as surging refining margins and trading gains offset volatility and sustained production strength.
  • Ukrainian strikes and escalating Western sanctions on Russia tightened global product supply, pushing refining margins higher and supporting downstream earnings.
  • Refining margins are likely to stay elevated as prolonged sanctions, supply disruptions, and seasonal maintenance sustain tightness despite potential demand headwinds.

Oil futures: Crude off lows amid choppy trade, gasoil cracks eyed

By Quantum Commodity Intelligence

  • Crude oil futures drifting amid choppy trade Thursday before regaining some ground after benchmarks broke out of the recent trading range to test two-week lows, although surging gasoil cracks were lending some support.
  • Front-month Jan25 ICE Brent futures were trading at $63.45/b (2100 BST) versus Wednesday’s settle of $63.52/b, while Dec25 NYMEX WTI was at $59.54/b against a previous close of $59.60/b.
  • Crude retreated midweek as concerns over a supply glut in Q1 continued to weigh on sentiment, with demand growth seen falling well short of fresh supply this year and next.

CX Daily: How Corruption Burned Through China’s Firefighting Services

By Caixin Global

  • In Depth: How Corruption Burned Through China’s Firefighting Services
  • To Counter Quantum Threat, Hong Kong Plans Overhaul of Financial Encryption
  • Hong Kong Charges 16 in JPEX Fraud as Interpol Hunts Three Fugitives

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