In today’s briefing:
- Global Reshuffling: Whether India Will Win from China+1?
- Japanese Railway Companies – Back on Track
- Charted Insight: India’s Growing Cost Advantage in Global IPhone Manufacturing
- SA Listed Property Review April 2025
Global Reshuffling: Whether India Will Win from China+1?
- Global companies are shifting supply chains, adopting the “China+1” strategy, with India emerging as a significant winner, attracting manufacturing and investment across sectors like electronics, EVs, and textiles.
- India offers a strategic alternative to China, with favorable policies, a growing domestic market, and trade advantages, positioning itself as a manufacturing hub amid global trade shifts.
- India is no longer just a backup for China; it’s becoming the primary destination for global supply chains, reshaping the manufacturing ecosystem with deepening local integration and technological advancements.
Japanese Railway Companies – Back on Track
- This domestic sector has been outperforming the Topix and should continue
- Fits the current investment zeitgeist for Japan amidst the market turbulence
- The Japanese Yen will continue to strengthen against the USD
Charted Insight: India’s Growing Cost Advantage in Global IPhone Manufacturing
- Tim Cook said in a recent call, starting June 25, all iPhones entering US will be sourced from India, creating a billion-dollar opportunity for India.
- Apple’s growing investment in India represents a strategic shift away from China due to rising geopolitical tensions and high production costs in China.
- As India continues to scale up, the country has the potential to close the gap with China and become a critical player in high-tech manufacturing.
SA Listed Property Review April 2025
- The SA All Property Index experienced a sharp initial decline precipitated by the US tariff announcements, but staged a strong recovery following a partial pause in tariff implementation.
- Global REITs were up +1.25% for the month, but US REITs ended the month down -2.23%.
- Despite global turbulence South African property companies demonstrated resilience. Ultimately ending the month firmly in positive territory up +6.54%, pulling the Index back into positivity for the year (YTD +2.15%).
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