Daily Brief Thematic (Sector/Industry): How Companies Are Actually Spending Money on AI Now and more

• AI tools are increasing in usage and transforming various industries, particularly in areas like engineering, sales, and marketing
• Companies like ramp are leveraging AI to automate processes and improve productivity, leading to significant cost savings
• The government and other organizations can benefit from AI tools to identify and eliminate wasteful spending and improve efficiency in procurement and operations.

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• DBS emphasizes TSV project as a significant initiative for GVT, showcasing its strategic importance for growth and development.
• CGSI forecasts robust earnings for companies like Sembcorp, Seatrium, iFast, FLCT, Singtel, and SIA, indicating a positive outlook for the market.
• DBS reaffirms its positive outlook on OUE REIT, citing improved operating performance as a key factor in maintaining a ‘buy’ rating for the company.

• For the week, the Nikkei added 4.1% while the Topix gained 2.7%. Stocks were buoyed by a rebound in AI-related beneficiaries: Fujikura (22%), Softbank (+16%), and Advantest (+10%).
• The “Magnificent Seven”  stocks have added a staggering $11 trillion in market cap since the start of 2023—an amount equivalent to two entire Japanese stock markets.
• If investors want MORE U.S and MORE Tech exposure, Softbank has positioned itself at the front and centre of the AI revolution. 

• AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Historic permit award in Italy opens a new growth area – ADX has been offered and accepted the “d 363 C.R-.AX” permit in the Sicily Channel, offshore Italy, covering a maximum area of 346 km2.
• ADX applied for the permit in 2018, but the moratorium on awarding new exploration blocks in Italy was only lifted last year.
• ADX will become a licensed operator in Italy as well as Austria and Romania.