In today’s briefing:
- Good Morning Japan | Dovish Fed+ Strong US Earnings = Catch up Time Japan
- China Personal Pension Scheme – Standing at the Starting Point of A-Share Bull Market
- Asia Gaming: Macau Sector Post Covid Valuations Will Rise Despite Demanding New Govenment Mandates
Good Morning Japan | Dovish Fed+ Strong US Earnings = Catch up Time Japan
- 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: SPX rallies on signs of FED hike pace slowing; Strong US retail earnings lift sentiment; China locks downs AGAIN- Long road ahead; HP cuts 10% of workforce-PC weakness
- WCup: Japan 2-Germany 1 ! BANZAI! NKY Catch time.. +2% day?; Mazda splashes out ¥1.5b EVs; Toyota Dec prod plans weak; -ve Chugai’s Hemlilbra on imminent approval of competing product
China Personal Pension Scheme – Standing at the Starting Point of A-Share Bull Market
- China recently rolled out a detailed implementation plan for personal pension, mainly due to an increasingly pressure of supporting old people caused by the more serious aging problem in China.
- The entry of personal pensions is expected to greatly promote the prosperity and development of China’s capital market and improve the stability of A-share.
- We analyzed potential investment opportunities as a result of this evolving development. Investors can consider preemptive layout before the end of Fed’s rate hike.
Asia Gaming: Macau Sector Post Covid Valuations Will Rise Despite Demanding New Govenment Mandates
- Officials have set long term goals for casinos to get 60% of revenue from non-gaming and 40% from gaming. It is unrealistic, but concessionaires are investing to move toward it.
- New ten-year licenses terms will meet forward capex goals. Increased competition from ASEAN nation casinos may impair revenue growth if Beijing/Macau attitudes remain adamant.
- We are weeks away from final awarding of re-concession licensing and regulations that will form the shape of the new Macau.
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