In today’s briefing:
- India Banks – Better Macro, Better Micro
- Asia Gaming: All in on the Philippines as Events Signal Exponential Growth Ahead
India Banks – Better Macro, Better Micro
- New macro data for India suggests a strong economic backdrop
- Granular corporate data shows improving financial metrics, positive for banks
- SBIN is an interesting state-bank alternative to ICICI, considering market capitalization
Asia Gaming: All in on the Philippines as Events Signal Exponential Growth Ahead
- Some see Macau recovery facing a longer than anticipated ramp part of which is beyond the pandemic shutdown of China, but in Beijing’s overall ideological anti-gaming stance.
- ASEAN gaming is already on the recovery ramp with the Philippines leading the way.
- Over 50 million overseas Chinese live in ASEAN nations. They have a generally higher gaming proclivity as well as on average, a higher per capita GDP.
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