In today’s briefing:
- EM Materials: The Recovery Trade
- Ohayo Japan | Oracle’s AI Build-Out: Who Pays the Bill?
- Chartered Insights: Indian Consumption~ A Decadal Story
- Singapore Market Roundup (17-Dec-2025): Maybank cuts Sembcorp’s target price to $5.65 after
- Asia Real Estate Tracker (17-Dec-2025): Trailblazers Recognized at 12th Asia Property Awards
- Exencial Industry Tidings 17/12/2025
EM Materials: The Recovery Trade
- The Materials sector stands out as a key recovery candidate: low positioning but strong positive rotation across the GEM active universe.
- Early inflows are being driven by China & HK and South Africa, with rising fund participation and narrowing underweights.
- Stock-Level rotation is visible in Gold Fields, Zijin Mining, and Anglo American, alongside a growing set of lightly held rising stars.
Ohayo Japan | Oracle’s AI Build-Out: Who Pays the Bill?
- US stocks fell as tech shares slid, with the Nasdaq down 1.8%, after a report said Oracle’s $10bn data centre project lost backing from Blue Owl Capital, reviving funding concerns.
- Asahi Group will acquire 65% of Diageo’s East African business for ¥465bn, entering Kenya, Uganda and Tanzania, with FY25 sales of ¥155bn and completion expected in the 2H26.
- Oasis Management disclosed an 8.5% stake in Ferrotec, attracted by its semiconductor exposure, low valuations and potential for corp action re-rating
Chartered Insights: Indian Consumption~ A Decadal Story
- India’s consumption is the core economic engine, driven by a surge in Per Capita Income and a structural shift toward premium spending.
- Strong demographic tailwinds and policy catalysts are accelerating penetration across key, high-value consumer sectors like auto and e-commerce
- The Nifty India Consumption TRI consistently delivers superior alpha and is projected to maintain a higher Return on Equity than the broader market.
Singapore Market Roundup (17-Dec-2025): Maybank cuts Sembcorp’s target price to $5.65 after
- Maybank lowers Sembcorp’s target price to $5.65 following Alinta deal.
- JPMorgan predicts Singapore equities will hit new highs by 2026 through value initiatives.
- Morningstar boosts SGX fair value to $15, cites strong trading but warns of overvaluation.
Asia Real Estate Tracker (17-Dec-2025): Trailblazers Recognized at 12th Asia Property Awards
- The 12th Asia Property Awards for Greater China recognized exceptional accomplishments in real estate.
- CDL successfully sold the Sentosa Shopping Centre in Singapore for a substantial $75 million.
- Real estate investment in the Asia-Pacific region surged by 25% in Q3, driven by Australia and Korea.
Exencial Industry Tidings 17/12/2025
- Axis Bank projects India’s GDP growth for 2026-27 at 7.5%
- NDFC expects dry fruits industry to grow by 10-15% in 2026-27
- Foreign tourist arrivals touch 6.2 million during Jan-Sep 2025: Reports
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