Daily BriefsThematic (Sector/Industry)

Daily Brief Thematic (Sector/Industry): APAC Healthcare Series (Part 4)- Japan Continues to Be in a Sweet Spot; Top Picks Quarterly Update and more

In today’s briefing:

  • APAC Healthcare Series (Part 4)- Japan Continues to Be in a Sweet Spot; Top Picks Quarterly Update
  • Good Morning Japan | US Thanksgiving but Rally Continues in Europe
  • Airlines Complete Only 70% of Planned International China Flights
  • China Proposes Tougher Restrictions on Unfair Digital Competition

APAC Healthcare Series (Part 4)- Japan Continues to Be in a Sweet Spot; Top Picks Quarterly Update

By Tina Banerjee

  • In terms of geography, Japan is still our top pick, primarily due to attractive multiple, favorable Fx, and low leverage. Despite macroeconomic headwinds, Australia biotech is another area of interest.
  • Among our four top picks, Gland Pharma reported year-over-year decline across all parameters during Q2FY23 due to supply woes. Near-term outlook is uncertain.
  • Apollo Hospitals reported strong quarterly performance, with all operating parameters improving year-over-year. Olympus remained a prime beneficiary of weak yen, while Samsung Biologics’ robust order book entail visibility.

Good Morning Japan | US Thanksgiving but Rally Continues in Europe

By Mark Chadwick

  • Good Morning Japan:  We strive to provide the very best breaking macro, stock and thematic overnight news that will impact your trading day in Japan.  FOLLOW US to keep abreast!
  • OVERSEAS: US Thanksgiving holidays;  US out but rally continues: STOXX Europe 600  +0.46%;  US Equity Futs +0.26%;  China Covid #s hit record high ; Rare China covid protest; Twitter Amnesty
  • JAPAN: NISA 2x expansion to ¥56trn targeted;  START UPS: Govt tgts 100k start-ups/ ¥10trn investments; EV: Aisin Seiki expanding E-Axle production; NINTENDO: Pokemon hits 10m sales

Airlines Complete Only 70% of Planned International China Flights

By Caixin Global

  • Chinese and global airlines completed only 70% of their planned international flights to China in the three weeks through Monday, signaling that recent easing of some inbound travel restrictions didn’t boost travel demand.
  • From Oct. 30 to Nov. 21, 3,595 international flights reached Chinese cities, including Hong Kong, Macao and Taiwan.
  • Although that was up from the same period last year, the total was still just 6% of the pre-pandemic level in 2019.

China Proposes Tougher Restrictions on Unfair Digital Competition

By Caixin Global

  • China is revising a law to make illegal certain notorious practices by large internet platforms such as Alibaba, Tencent and JD.com.
  • The move is another regulatory response to big tech companies’ use of market dominance and advanced technology to undermine competition.

  • Notable changes in the latest revision are mostly related to the digital economy, adding violations and toughening penalties.

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