Category

Thematic (Sector/Industry)

Daily Brief Thematic (Sector/Industry): Ohayo Japan | A Big Week for the BoJ and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Ohayo Japan | A Big Week for the BoJ
  • China BIG-3 Mainland Airlines Traffic 18% Higher than 2019!
  • Important New Policy for China’s Innovative Drugs – The Game Rule Is About to Change Radically
  • GEMWeekly (15 Mar 2024): China, South Korea, India Macro; TSMC, Samsung Electronics, Xiaomi, Alibaba


Ohayo Japan | A Big Week for the BoJ

By Mark Chadwick

  • Last week, most major indices experienced slight declines, with the SPX down by 0.1% and the Nasdaq by 0.7%, on higher bond yields.
  • Looking ahead to this week, there are several key events that could drive market movement: both the Fed and BOJ hold monetary policy meetings. Elsewhere, focus on Nvidia GPU Conference
  • Nissan (7201) and Honda (7267), facing challenges in competing with rivals like Tesla in electric vehicle (EV) investments, are considering a partnership to collaborate on EVs

China BIG-3 Mainland Airlines Traffic 18% Higher than 2019!

By Mohshin Aziz

  • In aggregate, traffic among the Big-3 Chinese airlines was up 67% YoY in February and +18% vs 2019. Incontestable proof that China has regained its air travel mojo. 
  • Published March schedules show total implied capacity is 31% higher YoY and 9% higher than 2019 levels. This is driven by domestic travel, international remains depressed. 
  • Driven by domestic travel, international remains depressed. POSITIVE for China Eastern and other North Asian carriers that provide the missing North America link. 

Important New Policy for China’s Innovative Drugs – The Game Rule Is About to Change Radically

By Xinyao (Criss) Wang

  • A document titled “Soliciting Opinions on the Implementation Plan for Supporting the Development of Innovative Drugs throughout the Whole Chain” attracted widespread attention, which is significantly different from past policies. 
  • Restrictions on payment end and deteriorating investment and financing situations will be improved, marking a new starting point for China’s innovative drug business. We have reasons to start being optimistic.
  • If approved and implemented, it would be a significant reversal of the previous expectation and investment logic of innovative drugs. So, investors should not overlook the importance of this document.

GEMWeekly (15 Mar 2024): China, South Korea, India Macro; TSMC, Samsung Electronics, Xiaomi, Alibaba

By Wium Malan, CFA


💡 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 Thematic (Sector/Industry): India’s Mutual Fund Stress Testing Is Not the Solution Which Is Need of Hour. and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • India’s Mutual Fund Stress Testing Is Not the Solution Which Is Need of Hour.
  • [Blue Lotus Daily]9926HK/1801HK/1877HK/BGNE/ZLAB/9995HK/1211HK/XPEV/1810HK/Chery Automobile/LI/NIO
  • [Blue Lotus Daily – TMT Update]:BABA/002352 SZ/1519 HK/3690 HK/META/700 HK/259960 KRX


India’s Mutual Fund Stress Testing Is Not the Solution Which Is Need of Hour.

By Nimish Maheshwari

  • What is a stress test? How it is being calculated?
  • Key Takeaways of Mutual Fund’s Stress Test Results. What should investors know?  
  • Flaws in SEBI’s Stress Testing Results and Way Ahead for investors

[Blue Lotus Daily]9926HK/1801HK/1877HK/BGNE/ZLAB/9995HK/1211HK/XPEV/1810HK/Chery Automobile/LI/NIO

By Eric Wen

  • 9926 HK /1801 HK /1877 HK/ BGNE/ ZLAB/9995 HK: US lobbying group distanced itself from Wuxi AppTec after being accused(/)
  • 1211 HK/ XPEV/ 1810 HK:GAC AION orders surged after price cuts(/)
  • Chery Automobile:It Is Reported that Chery Automobile Is in Talks with the Italian government to build a factory(/)

[Blue Lotus Daily – TMT Update]:BABA/002352 SZ/1519 HK/3690 HK/META/700 HK/259960 KRX

By Ying Pan

  • BABA/002352.SZ/1519.HK: Taobao/Tmall adjusts algorithm to favor merchants with better service capabilities (+/+/-)
  • 3690 HK: Meituan QuanQuan shift from direct operating into third party operating, and cut nearly 200 BD job positions(+)
  • 700 HK/259960 KRX:The development team of <PUBG> has unveiled its major game update plan for 2024.(+)  

💡 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 Thematic (Sector/Industry): The Stocks to Own in Thailand – Vol. 44 and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • The Stocks to Own in Thailand – Vol. 44
  • AUCTUS ON FRIDAY – 15/03/2024


The Stocks to Own in Thailand – Vol. 44

By Dr. Andrew Stotz, CFA

  • We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
  • Portfolio changes: Six stocks remain, eight new join the fray
  • Since inception, it has gained 118% versus the SET 100 Index’s return of 23%

AUCTUS ON FRIDAY – 15/03/2024

By Auctus Advisors

  • Chariot (CHAR LN)C; target price of £0.50 per share: Feasibility study as a first step to unlocking a mega green hydrogen project – The feasibility study for the green hydrogen “Project Nour” has now been presented to the government of Mauritania.
  • Chariot holds a 50% interest in the project and TotalEnergies is a partner.
  • Mauritania benefits from an ideal geography for wind and solar energy.

💡 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 Thematic (Sector/Industry): Ohayo Japan | Inflation Print Hotter than Expected…again and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Ohayo Japan | Inflation Print Hotter than Expected…again
  • Funds Pour Into Chinese AI Startups Challenging OpenAI’s Sora in Video Generation


Ohayo Japan | Inflation Print Hotter than Expected…again

By Mark Chadwick

  • US Stocks declined, halting a 3-day winning streak, as U.S. inflation data exceeded expectations, driving Treasury yields higher
  • Feb’s Producer Price Index rose 0.6% from last month, higher than market expecations of 0.3%. Oil prices rallied again on IEA warning that supplies would lag this year
  • U.S. President Joe Biden expressed his desire that steelmaker U.S. Steel remains American-owned

Funds Pour Into Chinese AI Startups Challenging OpenAI’s Sora in Video Generation

By Caixin Global

  • Venture capital investors are pouring hundreds of millions of yuan into China’s burgeoning video generation startups, betting on their potential in the artificial intelligence race to rival OpenAI’s text-to-video model Sora.
  • This week, two leading Chinese generative AI startups announced the successful closure of their latest funding rounds, with each securing more than 100 million yuan ($14 million).
  • Both aim to catch up with Sora in the coming months.

💡 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 Thematic (Sector/Industry): Ohayo Japan | Energy Boost and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Ohayo Japan | Energy Boost
  • [Blue Lotus Daily – TMT Update]:BABA/097950.KS/CPNG/PDD/ByteDance/3690 HK/JD
  • [Blue Lotus Daily]:BGNE/LI/XPEV/300750 CH


Ohayo Japan | Energy Boost

By Mark Chadwick

  • Dow ekes out small gains on stronger energy stocks, but a slump in tech continues to keep Nasdaq in check. Tesla -4% on broker downgrade, Dollar Tree -14%
  • Oil prices rose about 2% to a four-month high on a surprise drop in US inventories and supply disruptions in Russia
  • Japan’s largest employers have announced record pay increases, marking a departure from the deflationary mindset that characterized the country’s “lost decades”

[Blue Lotus Daily – TMT Update]:BABA/097950.KS/CPNG/PDD/ByteDance/3690 HK/JD

By Ying Pan

  • BABA/PDD/CPNG: South Korean commissions investigating compliance of Chinese ecommerce platforms (-/-/+)
  • ByteDance/3690 HK: Douyin life service business had organizational restructure, and set annual sales target at RMB600bn, 100% yoy(-)
  • JD: JD provides free AI services for new 3P merchants (+)

[Blue Lotus Daily]:BGNE/LI/XPEV/300750 CH

By Eric Wen

  • BGNE: BeiGene’s Brukinsa received fifth indication from FDA but might be the last driver (+)
  • LI/XPEV: Li MEGA delivered 413 units in three days after its launch, in line with our predictions, better than market predictions(/)
  • 300750 CH:Samsung SDI announces production of large cylindrical batteries in 2025 and mass production of solid-state batteries in 2027(-)

💡 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 Thematic (Sector/Industry): Semiconductor 2023 Key Indicators In Review and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Semiconductor 2023 Key Indicators In Review, 2024 Forecasts
  • Ohayo Japan | Inflation Runs Hot…but Nvidia Is Hotter
  • Increasing HK Duty Free Quota: The Beneficaries
  • LG Electronics: Investment In Bear Robotics and Aggressive Plans to Expand in Global Robotics


Semiconductor 2023 Key Indicators In Review, 2024 Forecasts

By William Keating

  • Forecasting PC & Smartphone unit shipments to increase 5% YoY on the back on “AI Enablement”
  • Server unit shipments declined ~20% in 2023 but overall revenues remained flat, a consequence of higher ASPs associated with AI-accelerated servers
  • Server shipments will return to growth in 2024, likely +10% YoY. Server ASPs will increase yet again YoY as AI-server mix grows. 

Ohayo Japan | Inflation Runs Hot…but Nvidia Is Hotter

By Mark Chadwick

  • US stocks rallied on Tuesday despite hotter-than-expected inflation data with core CPI +3.1% YoY
  • Bitcoin continued its record rally, surpassing $72,000. Oracle shares surged 12% on cloud computing progress. Nvidia climbed 7%.
  • BoJ Governor Ueda remarked that while the economy was on a path of recovery, there were signs of weakness, especially highlighted by recent soft data on consumption. 

Increasing HK Duty Free Quota: The Beneficaries

By Osbert Tang, CFA


LG Electronics: Investment In Bear Robotics and Aggressive Plans to Expand in Global Robotics

By Douglas Kim

  • In this insight, we discuss LG Electronics (066570 KS) ‘s investment in Bear Robotics (US) and LG Electronics’ aggressive ambitions to become a major player in the global robotics industry. 
  • LG Electronics announced that it invested a $60 million Series C funding round in Bear Robotics, a Silicon Valley based company that provides service robotics and artificial intelligence solutions.
  • One of the key goals of LG Electronics is to expand into the global robotics software market, which is expected to grow to about 100 trillion won in eight years.

💡 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 Thematic (Sector/Industry): Factors and Semiconductors and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Factors and Semiconductors
  • Ohayo Japan | US Mixed Ahead of CPI
  • Top APAC (Ex-China) Investment Worthy Healthcare Companies Using Smartkarma’s Smart Score Screener
  • Furniture/Furnishings Weekly – Earnings Beat Expectations, but Mostly Lower Than Last Year
  • The Highlights – Cannabis News for the Week Ending March 8, 2024


Factors and Semiconductors

By Douglas O’Laughlin

  • Markets always act erratically, but I thought I would highlight one aspect that disproportionately impacts semiconductors.
  • Factor investing is not new, but we are in a unique period where Momentum has quite a period of outperformance and short-term outperformance.
  • This matters because semiconductors are (as far as my memory holds) the most significant weight in Momentum I’ve ever witnessed. 

Ohayo Japan | US Mixed Ahead of CPI

By Mark Chadwick

  • US stocks were mixed ahead of Tuesday’s CPI report that should give some clues on the path of interest rates
  • Bitcoin rose to fresh record after the UK FCA said that it would not block requests for crypto-backed ETFs
  • Nippon Active Value Fund, a British activist, increased its stake in Goodspeed, an automotive retailer, raising its ownership to 9.81%

Top APAC (Ex-China) Investment Worthy Healthcare Companies Using Smartkarma’s Smart Score Screener

By Tina Banerjee

  • We have screened for APAC (ex-China) healthcare companies using their respective Smart Score, a compound score for a company indicating its overall outlook based on key factors.
  • Smart Score screens the stock based on five major components including value, dividends, growth, resilience, and momentum. It also provides a cumulative score, which puts equal weightage on each parameter.  
  • Parameters used to screen the stocks: market cap≥ $800M and smart score≥ 3.5. We have seen stocks having high smart score has strong growth prospects and qualify for investment proposition.

Furniture/Furnishings Weekly – Earnings Beat Expectations, but Mostly Lower Than Last Year

By Water Tower Research

  • Earnings from Culp, Arhaus, and Techtronic Industries led the sector news last week.
  • Culp reported $60.4 million in revenue and a $1.74 million loss on the operating line.
  • The revenue number was in line with our expectations and up 15% Y/Y. 

The Highlights – Cannabis News for the Week Ending March 8, 2024

By Water Tower Research

  • The US cannabis MSOS ETF fell for the fourth time in the last five weeks.
  • MSOS finished -8.68%, while the global YOLO ETF finished -7.99%. YTD, MSOS is +19.64% and YOLO is +10.59%.
  • MSOS hit a 52-week high on February 6 at $10.64 and has since fallen 23.87%. Interestingly, since February 6, the fund has received $77.13 million in inflows.

💡 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 Thematic (Sector/Industry): Japan Weekly | Tech Sell-Off to Continue? and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Japan Weekly | Tech Sell-Off to Continue?
  • Ohayo Japan | Laser-Eyed Larry


Japan Weekly | Tech Sell-Off to Continue?

By Mark Chadwick

  • The Nikkei 225 Index declined by 0.56%, closing at 39,689 for the week, while the broader Topix Index gained 0.64% to reach 2,727
  • In terms of sectors, defensive and domestic sectors posted the strongest gains this week. Gas Utilities (+9%), Electric Utilities (+5%), Construction (+7%), and Banks (+6.6%) were standout performers.
  • At the stock level, Tsumura (+28%) was the standout stock this week on revisions to NHI drug prices

Ohayo Japan | Laser-Eyed Larry

By Mark Chadwick

  • US Stocks stumbled on Friday as Nvidia’s remarkable surge paused, capping off a volatile week.
  • In the US, employers added 275,000 jobs in February, surpassing expectations despite a rise in the unemployment rate. This marks the third consecutive month of gains above 200,000
  • SEC Chair Gary Gensler cautioned investors about cryptocurrencies as bitcoin reached a new all-time high, labelling the field as “rife with abuses and fraud.” Larry Fink is a HODLer

💡 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 Thematic (Sector/Industry): [Blue Lotus Daily – TMT Update]:700 HK/BABA/BILI and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • [Blue Lotus Daily – TMT Update]:700 HK/BABA/BILI
  • [Blue Lotus Daily]:XPEV/LI/NIO/ 1211 HK/BZ/9926 HK/9995 HK/1801 HK/1877 HK/BGNE
  • GEMWeekly (8 Mar 2024): South Korea, China Macro; Tata Motors, SK Hynix, Indosat


[Blue Lotus Daily – TMT Update]:700 HK/BABA/BILI

By Ying Pan

  • 700 HK: Tencent has announced a new SLG mobile game titled <Civilization Mobile>(+)
  • BABA: Alibaba launches new AI tool targeting content creation for merchants (+)
  • BILI: Source suggested that Bilibili will establish a new game development department.(/)

[Blue Lotus Daily]:XPEV/LI/NIO/ 1211 HK/BZ/9926 HK/9995 HK/1801 HK/1877 HK/BGNE

By Eric Wen

  • 1211 HK: Tesla’s German factory caught on arson, interrupting production for a week (-)
  • BZ: Government’s 2024 new job creation guidance is relatively soft. (-)
  • 9926 HK/9995 HK/1801 HK/1877 HK/BGNE: US senator move forward with bill to constrain Wuxi Apptec-(/)

GEMWeekly (8 Mar 2024): South Korea, China Macro; Tata Motors, SK Hynix, Indosat

By Wium Malan, CFA

  • The Global Emerging Markets Weekly summarizes the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
  • Macro data points: South Korea industrial production and inflation data, China trade data.
  • Companies mentioned:Tata Motors Ltd (TTMT IN), SK Hynix (000660 KS), Indosat Tbk PT (ISAT IJ)

💡 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 Thematic (Sector/Industry): EU Real Estate Holds Steady Amidst Structural Slowdown and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • EU Real Estate Holds Steady Amidst Structural Slowdown
  • Silicon Wafers Area Shipments Decline 14.3% YoY in 2023
  • AUCTUS ON FRIDAY – 08/03/2024
  • Lithium producers pump brakes on North American projects amid low prices


EU Real Estate Holds Steady Amidst Structural Slowdown

By Raghav Chandra Mathur

  • Europe’s Real Estate sector has been dealing with a protracted slowdown in growth and financing availability that has seen the industry battle rising borrowing and refinancing costs, increasing the repayment burden on Developers, REITs and Real Estate Services providers.
  • The downturn has been especially pertinent for the Real Estate Owners and Developers as they navigate the higher-for-longer interest rate environment.
  • However, this trend hasn’t been pervasive throughout the Euro Area.

Silicon Wafers Area Shipments Decline 14.3% YoY in 2023

By William Keating

  • Silicon wafers area shipments (in MSI) declined by 14.3% YoY in 2023
  • Wafer revenues also declined by 10.9% to $12.3 billion over the same period
  • We expect Q124 revenues to be down ~20% QoQ and anticipate a further 5% YoY decline in full year 2024 shipments

AUCTUS ON FRIDAY – 08/03/2024

By Auctus Advisors

  • Panoro Energy (PEN NO)C; target price of NOK47 per share: Hibiscus South on stream at 5-6 mbbl/d – The Hibiscus South well has been put in production at a rate of 5-6 mbbl/d.
  • Once stabilized this should take production at Dussafu to ~30 mbbl/d.
  • Pulsar Helium (PLSR CN)C; target price of C$0.80 per share: High Helium concentration at high impact appraisal well – The Jetstream #1 appraisal well at the Topaz helium project in Minnesota encountered helium shows while drilling, with helium concentration of up to 12.4% according to the on-site spectrometer.

Lithium producers pump brakes on North American projects amid low prices

By Commodities Focus

  • Developers scrambled to advertise projects to potential investors in the US between 2021-2023
  • Prices for lithium reached all time highs due to impact of COVID on supply chains
  • Prices have since plunged nearing a three-year low, causing uncertainty for companies with viable projects and automakers scaling back EV production forecasts

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


💡 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