Category

Thematic (Sector/Industry)

Mar 28
0

Daily Brief Thematic (Sector/Industry): Ohayo Japan | Stocks Set New Record and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Ohayo Japan | Stocks Set New Record
  • Global Semiconductors: Winners Emerge as Fund Allocations Hit Record Highs
  • [Blue Lotus Daily – TMT Update]BABA/BIDU/PDD/1024 HK/3690HK

Ohayo Japan | Stocks Set New Record

By Mark Chadwick

  • US stocks rebounded Wednesday, with the S&P 500 setting a new record and the Dow surging over 475 points.
  • Japan plans to ease residency rules for foreign entrepreneurs, expanding eligible funding sources to meet capital requirements, often challenging for startups.
  • Mitsubishi Heavy Industries (7011) aims to develop a next-generation airliner by 2035, involving multiple private-sector companies.

Global Semiconductors: Winners Emerge as Fund Allocations Hit Record Highs

By Steven Holden

  • Semiconductor Sector Hits Historic Highs: Record allocations highlight investor confidence in the sector as second phase of bull market drives allocations to fresh peak.
  • Country Dynamics Shift: Peak Ownership in Taiwan, USA, Netherlands, while German Semiconductor holdings see strategic pullback through Infineon closures.  
  • TSMC, ASML, and NVIDIA establish dominance, reflecting investors’ preference for companies at the forefront of technological innovation, while traditional players like Infineon, Intel, and Texas Instruments face declining investor interest.

[Blue Lotus Daily – TMT Update]BABA/BIDU/PDD/1024 HK/3690HK

By Ying Pan

  • BABA/BIDU: Alibaba and Baidu follow up on long text LLM, the rise of startups is negative for Baidu（//-）
  • BIDU: Apple and Baidu Held Talks on Ernie Bot Pre-Installing IPhone IOS18（+）
  • BABA/PDD: Alibaba opens direct from factory 1688 store on Taobao (+/-)

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Mar 27
0

Daily Brief Thematic (Sector/Industry): Ohayo Japan | Nvidia Loses Steam and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Ohayo Japan | Nvidia Loses Steam
  • SC on Standardisation Rate for Medical Procedures: Likely Impact on Listed Hospital Players
  • Weekly Sustainable Investing Surveyor – NWeek Ended March 22, 2024

Ohayo Japan | Nvidia Loses Steam

By Mark Chadwick

  • The S&P 500 closed lower for the third consecutive session. Consumer confidence slips to lowest level since November
  • Meiji’s chocolate-themed “Mushroom Mountain” earphones vanished in 10 minutes, leaving fans craving more of the sweet sound experience.
  • Kirin’s “Sunny Wind” beer blows in with a refreshing taste and a breeze of tradition preservation.

SC on Standardisation Rate for Medical Procedures: Likely Impact on Listed Hospital Players

By Nimish Maheshwari

  • Supreme Court’s warning to enforce CGHS rates on private hospitals sparks market concerns, leading to a significant correction in hospital company stock prices.
  • Failure to standardize hospital pricing raises questions about patient affordability, quality of healthcare, and financial viability of private hospitals, impacting investors and healthcare consumers alike.
  • Explore the complexities of healthcare regulation, implications for hospital companies, and potential investment opportunities amid the evolving landscape of standardized medical treatment costs.

Weekly Sustainable Investing Surveyor – NWeek Ended March 22, 2024

By Water Tower Research

  • The WTR Sustainable Index was down by 1.1% W/W versus the S&P 500 Index (up 2.3%), the Russell 2000 Index (up 1.6%), and the Nasdaq Index (up 3.0%).
  • Energy Technology (12.5% of the index) was up by 1.5%, while Industrial Climate and Ag Technology (55.5% of the index) was up by 1.4%, ClimateTech Mining was down 3.0% and Advanced Transportation Solutions (24.2% of index) was down 8.1%.
  • Top 10 Performers: GOEV, AMTX, ZEV, LICY, LIDR, EVTV, FFIE, KULR, MVST, NEOV

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Mar 26
0

Daily Brief Thematic (Sector/Industry): Ohayo Japan | Wall Street Ends Lower and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Ohayo Japan | Wall Street Ends Lower
  • Global Easing Combined with a Resumption of Industrial Growth Is a Good Set-Up for Commodities
  • Furniture/Furnishings Weekly – SCS Results In Line; Home Sales Surprise on the Upside

Ohayo Japan | Wall Street Ends Lower

By Mark Chadwick

  • US stocks lost ground on Monday, the start of a holiday-shortened week, as investors await Friday’s inflation data
  • The Personal Consumption Expenditures (PCE) report is due on Friday, despite it being a market holiday. Core PCE expected to be up 2.8%
  • IHI Corp (7013) anticipates a 110 billion yen operating profit in fiscal year ending March 2025, rebounding from an 80 billion yen loss due to engine quality issue

Global Easing Combined with a Resumption of Industrial Growth Is a Good Set-Up for Commodities

By Rikki Malik

  • Central banks have set the stage for the next inflationary wave by moving to an easing bias despite higher inflation
  • The Federal Reserve, the BoJ, the ECB and the SNB all tilt to easing
  • US deficit spending together with China and Germany exiting an industrial recession bode well for industrial commodities

Furniture/Furnishings Weekly – SCS Results In Line; Home Sales Surprise on the Upside

By Water Tower Research

  • Steelcase delivered a solid fourth quarter and provided guidance consistent with our pre-release outlook.
  • Orders and pre-order customer activity remains positive. The results confirm that the post-pandemic slump in office furniture is ending, if not over.
  • Corporate customers are more active, particularly in the US.

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Mar 25
0

Daily Brief Thematic (Sector/Industry): Ohayo Japan | New Tech Highs and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Ohayo Japan | New Tech Highs
  • Siltronic To Exit Small Diameter Wafer Market by 2025
  • Social Surge

Ohayo Japan | New Tech Highs

By Mark Chadwick

  • US stocks closed mixed on Friday with the Nasdaq Composite hitting a new high amidst optimism over a potential reversal in interest rate hikes
  • Analysts anticipate a 10% rise in EPS for the Nikkei’s 225 constituents in fiscal 2024, with electronics and precision instruments leading the charge, driven by expected semiconductor demand growth
  • ANA Holdings, parent company of All Nippon Airways, announced plans to slash daytime air cargo rates, aligning them with trucking costs, in anticipation of an impending truck driver shortage

Siltronic To Exit Small Diameter Wafer Market by 2025

By William Keating

  • Ferrotec’s production of 150mm wafers in China has increased >6x since 2019
  • Siltronic’s production of 150mm and smaller wafer diameters is no longer profitable
  • China likely now self-sufficient in the supply of 150mm and smaller diameter silicon wafers. Next milestone: 200mm wafers. 

Social Surge

By subSPAC

  • The last week was packed with SPAC activity including deals, terminations, and new IPOs.
  • A high-profile SPAC merger was approved by shareholders potentially netting billions to the former president.
  • Also, a sustainable plastics company terminates a previously announced deal, and a SPAC plans to take an IoT-focused firm public. 

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Mar 24
0

Daily Brief Thematic (Sector/Industry): [Blue Lotus Daily – TMT Update]:SHEIN/PDD/NTES/6618 HK and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • [Blue Lotus Daily – TMT Update]:SHEIN/PDD/NTES/6618 HK

[Blue Lotus Daily – TMT Update]:SHEIN/PDD/NTES/6618 HK

By Ying Pan

  • SHEIN/PDD: France to restrict sales of fast – fashion (-/-)
  • NTES: After The Release of The New Expansion Pack For <Beyond the World>, It Climbed to the 3rd Position on iOS Games Grossing Chart in China (+)
  • 6618 HK：JD Health’s revenue in 2H23 exceeded expectations, while profits fell short, and revenue and profit guidance for 2024 both worse than consensus（-）

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Mar 23
0

Daily Brief Thematic (Sector/Industry): Japan Weekly | Real Estate Inflates; Nidec Benefits from AI and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Japan Weekly | Real Estate Inflates; Nidec Benefits from AI
  • [Blue Lotus Daily]300274SZ/300750SZ/LI/NIO/1211HK/Huazhu/Atour/XPEV/9926 HK
  • AUCTUS ON FRIDAY – 15/03/2024
  • Tech Talk – WTR Technology Conference – AI and Crypto

Japan Weekly | Real Estate Inflates; Nidec Benefits from AI

By Mark Chadwick

  • The Nikkei and Topix indexes surged by 5.63% and 5.33% reaching all-time highs
  • Real Estate majors were the biggest movers in Japan. Beneficiaries of higher inflation and continuation of easy monetary policy
  • Nidec is reinventing itself again. EV traction motors will remain a core driver, but investors can now get excited by the AI thematic

[Blue Lotus Daily]300274SZ/300750SZ/LI/NIO/1211HK/Huazhu/Atour/XPEV/9926 HK

By Eric Wen

  • 300274SZ/300750SZ/LI/NIO/1211HK: Jan+Feb new energy export data show that wind power is picking up, and inverters has reached inflection point, while lithium batteries and electric vehicles are exchanging prices for volume(+/-/-/-/-)
  • Huazhu/Atour: Huazhu guided conservative RevPAR outlook for 2024, citing weak business travel demand.（-）
  • LI/1211 HK/XPEV/NIO: In 2024’s 11th week, BYD continued to accelerate while fell back, yet the overall acceleration of new energy vehicles bodes well for the whole year (/)

AUCTUS ON FRIDAY – 15/03/2024

By Auctus Advisors

  • ADX Energy (ADX AU) C ; target price of A$1.00 per share: Very high impact exploration well encounters gas and condensate in Austria – The Welchau well (ADX WI: 75%) encountered 115 m of liquids-rich gas shows in the primary target formation (Steinalm Formation) between 1452 m and 1567 m.
  • The deepest gas shows were encountered at a depth of 1645 m.
  • The well has reached TD at 1733 m. The Steinalm Formation intersection in the well is in line with the pre-drill prognosis.

Tech Talk – WTR Technology Conference – AI and Crypto

By Water Tower Research

  • Artificial intelligence (AI) is all the buzz, but for good reason.
  • AI is being used to automate and optimize many tasks previously thought to be beyond computers.
  • WTR will be hosting a hybrid conference on April 10-11 in New York City to discuss how AI can propel the business prospects of smaller companies. 

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Mar 22
0

Daily Brief Thematic (Sector/Industry): Show Me The (Dividend) Money (Part II) – Play on Japanese High Dividend Yielding Stocks and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Show Me The (Dividend) Money (Part II) – Play on Japanese High Dividend Yielding Stocks
  • Ohayo Japan | Stock Surge
  • Japan No Longer Cheap, at Fair Value Territory. Time to Be Selective!

Show Me The (Dividend) Money (Part II) – Play on Japanese High Dividend Yielding Stocks

By Mohshin Aziz

Ohayo Japan | Stock Surge

By Mark Chadwick

  • Stocks continued their upward trajectory on Thursday, extending gains from the previous session to reach new record highs.
  • Micron Technology soared 14% on strong earnings, bolstering the semiconductor sector, while megacap tech stocks like Microsoft contributed to gains
  • The U.S. has accused Apple (AAPL -4.09%) of monopolizing the smartphone market, potentially upending the tech giant’s business model

Japan No Longer Cheap, at Fair Value Territory. Time to Be Selective!

By Mohshin Aziz

  • Tokyo Stock Exchange (TSE) and Bank of Japan (BOJ) coordinated efforts are working: deflation is over,  equity values surging, and cash ratio as percentage of household assets is declining  
  • Japanese investors’ participation in the equity run is modest, foreigners are buying more. While it seems unlikely at the moment, the pertinent question remains, “When will they stop dancing?”         
  • Valuations are on par with historical averages and at similar gaps against developed market peers. The easy money had been made, Japan should be moved to tactically NEUTRAL soon.      

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Mar 21
0

Daily Brief Thematic (Sector/Industry): Contrarian Moves: Promoter Buying During Indian Equity Downturns and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Contrarian Moves: Promoter Buying During Indian Equity Downturns
  • Bank of Jiujiang – Rare Announcement Expecting at Least 30% Profit Decline
  • Ohayo Japan | Fed Holds the Line
  • [Blue Lotus Daily – TMT Update]:NTES/ZTO/1519 HK/BABA/PDD/3690 HK/SHEIN
  • [Blue Lotus Daily]：300750 SZ/NIO/BGNE/1810 HK

Contrarian Moves: Promoter Buying During Indian Equity Downturns

By Nimish Maheshwari

  • Promoter buying reflects insider confidence in the company’s future, often driven by access to undisclosed positive developments and growth opportunities.
  • Increased promoter stake may indicate that the market has undervalued the company, potentially presenting an opportunity for investors to buy at a discount.
  • Consider the broader market environment, company fundamentals, and industry trends alongside promoter buying activity to form a comprehensive investment thesis.

Bank of Jiujiang – Rare Announcement Expecting at Least 30% Profit Decline

By Daniel Tabbush

  • The bank’s announcement that it expects at least a 30% decline in profit due to impairments is rare, in its clarity, not unexpected in the content.
  • There may be gaining momentum for banks in Greater China to more clearly show their credit metrics, which given economies there, are not likely to be positive.
  • Credit costs to loans have been in decline at this bank, and the surge they are forecasting, is understandable; perhaps partly given developments at China Evergrande?

Ohayo Japan | Fed Holds the Line

By Mark Chadwick

  • US markets surged to new all-time highs on Wednesday following the Federal Reserve’s decision to maintain its benchmark lending rate at 5.25%
  • The Japanese government faces pressure to streamline finances following the Bank of Japan’s decision to end negative rates
  • Japan welcomed 2.79 million visitors in February, a record for the month since the start of the COVID-19 pandemic, driven by travel during Lunar New Year holidays

[Blue Lotus Daily – TMT Update]:NTES/ZTO/1519 HK/BABA/PDD/3690 HK/SHEIN

By Ying Pan

  • NTES: <Identity V> Has Reached a New High In Download Rankings In The Past 12 Months (+)
  • ZTO/1519 HK/BABA/PDD: Parcel volume last week grew 21% yoy (+)
  • BABA/SHEIN: AliExpress launches new subsidies to attract woman’s apparel merchants (+/-)  

[Blue Lotus Daily]：300750 SZ/NIO/BGNE/1810 HK

By Eric Wen

  • 300750 SZ: CATL’s result in 4Q23 showed clear impact of price war (/)
  • NIO: Huawei AITO M9 ranks first in weekly sales among SUVs above Rmb500K(/)
  • BGNE: BeiGene’s Tislelizumab approved by FDA for esophageal squamous cancer, but with little revenue potential (/)

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Mar 20
0

Daily Brief Thematic (Sector/Industry): Japan – Rising Rates: Focus On Banks With High Cash And Low Margins and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Japan – Rising Rates: Focus On Banks With High Cash And Low Margins
  • Democracy’s Market Dance: Elections and Economic Sentiment in India

Japan – Rising Rates: Focus On Banks With High Cash And Low Margins

By Daniel Tabbush

  • We look at which Japan banks have the most cash which can see a major boost to returns.
  • Banks with lower margins can see a higher net interest income pick up from rising rates.
  • Loan growth in Japan has been relatively strong, supportive of rising rates from BOJ.

Democracy’s Market Dance: Elections and Economic Sentiment in India

By Nimish Maheshwari

  • Indian elections significantly sway stock markets, with pre-election rallies and post-election stability reflecting investor sentiment and policy expectations.
  • Historical data unveils market surges preceding elections, highlighting the importance of economic reforms and policy promises in driving investor confidence.
  • Amidst market volatility, strategic investing demands a focus on long-term fundamentals over short-term fluctuations, emphasizing informed, adaptable approaches for sustainable growth.

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Mar 19
0

Daily Brief Thematic (Sector/Industry): Ohayo Japan | Woodstock for AI Kicks Off and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Ohayo Japan | Woodstock for AI Kicks Off
  • Generative AI. Innovation Turns To Litigation, Licensing & Regulation
  • Furniture/Furnishings Weekly – Contract Furniture and Office Seating in the Spotlight
  • The Highlights – Cannabis News for the Week Ending March 15, 2024
  • Weekly Sustainable Investing Surveyor – Week Ended March 15, 2024

Ohayo Japan | Woodstock for AI Kicks Off

By Mark Chadwick

  • Stocks rose on Monday as investors turned their attention to Nvidia’s GTC Conference and awaited Federal Reserve’s monetary policy guidance
  • The Bank of Japan is set to announce significant changes in its monetary policy, including the end of yield curve control, risk asset purchases, and negative interest rates
  • Nvidia’s CEO Jensen Huang unveiled the Blackwell platform at the GTC 2024 conference, boasting its real-time generative AI capabilities and efficiency surpassing its predecessor, Hopper

Generative AI. Innovation Turns To Litigation, Licensing & Regulation

By William Keating

  • The EU has just launched the World’s first AI Act
  • OpenAI claims the NYT tried to hack ChatGPT in order to prove they used their archive material during  one of its training phases. 
  • Google’s licensing of Reddit’s content in advance of the latter’s impending IPO is a win-win for both, and likely how content creators can expect to be rewarded in the future

Furniture/Furnishings Weekly – Contract Furniture and Office Seating in the Spotlight

By Water Tower Research

  • Office furniture will be in our spotlight for the next two weeks.
  • Steelcase reports 4QFY24 on Thursday, March 21 after the close and MillerKnoll reports its 3QFY24 on Wednesday, March 27 after the close.
  • Earlier this month, a Bloomberg News Service article highlighted competition in task seating, which is among the most profitable and important categories for industry players.

The Highlights – Cannabis News for the Week Ending March 15, 2024

By Water Tower Research

  • The US cannabis MSOS ETF broke a two-week slide and gained 9.51% over the last five sessions.
  • The week was shaping up to be negative, until optimism around federal reform caused MSOS to jump 14.91% on Friday.
  • This was the biggest one-day return since September 5 and 14.58 million shares traded is the most since September 15.

Weekly Sustainable Investing Surveyor – Week Ended March 15, 2024

By Water Tower Research

  • The WTR Sustainable Index was down by 1.9% W/W versus the S&P 500 Index (down 0.1%), the Russell 2000 Index (down 2.1%), and the Nasdaq Index (down 1.2%).
  • Energy Technology (12.5% of the index) was down by 6.2%, while Industrial Climate and Ag Technology (55.5% of the index) was down by 1.2%, ClimateTech Mining was down 3.7% and Advanced Transportation Solutions (26% of index) was down 1.8%.
  • Top 10 Performers: LICY, ADES, ARVL, SMR, EH, EGT, RIDE, FF, CVW, LIS

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