In today’s briefing:
- Japan Morning Connection: Big Capex Guidance from Alphabet a Positive for Semicap Related
- India: Monthly Insider Buying Update – January 2025 (Small Cap Companies)
- Ohayo Japan | Markets Rally as Trade Tensions Simmer
- Singapore Market Roundup (04-Feb-2025): CGSI keeps buy rating on Genting S’pore despite tourism outlook.
- #97 India Insight: HUDCO Drops 11%?, India-Russia RuPay-MIR Talks, Ajay Seth Calls for Infra Boost.
- Thematic Report: Geo-Economic Fragmentation; The Start of a Trade War?
- HK Banks – China Vanke FY24 EPS Profit Alert: Loss RMB3.79 Vs Profit RMB1.03, Bank Collateral Risk
Japan Morning Connection: Big Capex Guidance from Alphabet a Positive for Semicap Related
- Palantir +24% as AI demand shows no signs of a slow down.
- SMCI giving a business update to help one of Japan’s worst tech performers?
- Estee Lauder -16% as its Asian travel retail business continues to falter setting a bad tone for Shiseido and Kose.
India: Monthly Insider Buying Update – January 2025 (Small Cap Companies)
- We highlight small cap companies that experienced significant insider buying during January 2025, as reported on the stock exchanges.
- As January 2025 was a month of earnings season,very few companies reported insider transactions. However,given the correction in Indian market,we should expect increased buy transactions once the earnings season concludes.
- Indoco Remedies (INDR IN) and Insolation Energy (INA IN) have seen good buying by insiders.
Ohayo Japan | Markets Rally as Trade Tensions Simmer
- US Market Gains Amid Trade Tensions: Major indices rose, led by Big Tech. Dow +0.3%, S&P 500 +0.7%, Nasdaq +1.4%. China retaliated with new tariffs, but compromise signs emerged.
- Japan Market and Corporate Moves: Nikkei rose 278 yen but failed to breach 39,000 yen. Investors focus on Toyota’s Q3 earnings, while domestic-demand stocks gain on stability concerns.
- Upward Revisions and Earnings Trends: Several firms, including Mitsubishi Heavy, JR Central, and Sumitomo Electric, revised profit forecasts upward, citing strong demand, cost-cutting, and currency benefits.
Singapore Market Roundup (04-Feb-2025): CGSI keeps buy rating on Genting S’pore despite tourism outlook.
- CGSI maintains buy rating on Genting Singapore despite slow tourism recovery, indicating confidence in long-term prospects.
- DBS and RHB lower CDLHT target price due to Singapore hotel oversupply, reflecting concerns about industry saturation.
- Market may be overreacting to Digital Core REIT’s Linton Hall data centre, according to DBS, suggesting potential undervaluation.
#97 India Insight: HUDCO Drops 11%?, India-Russia RuPay-MIR Talks, Ajay Seth Calls for Infra Boost.
- Housing and Urban Development Corporation Limited (HUDCO IN) stock dropped 11% after the government slashed funding for PMAY-Urban in the 2025 Union Budget.
- India and Russia are in discussions to integrate RuPay and MIR payment systems for mutual transactions. This move comes amid Western sanctions on Russia, aiming to ease transaction challenges visitors.
- Ajay Seth, Secretary of DEA, emphasizes the need for India to invest 7-8% of GDP annually in infrastructure. He urges the private sector to contribute more, particularly through public-private partnerships.
Thematic Report: Geo-Economic Fragmentation; The Start of a Trade War?
- The global economic landscape is undergoing a significant transformation, marked by a phenomenon known as geo-economic fragmentation (GEF).
- Between mid-October 2023 and mid-October 2024, the value of trade covered by new restrictions surged to USD 887.7 billion, a staggering half a trillion dollars more than the previous year.
- The cost of trade fragmentation could range from 0.2% to 7% of the global GDP.
HK Banks – China Vanke FY24 EPS Profit Alert: Loss RMB3.79 Vs Profit RMB1.03, Bank Collateral Risk
- There is increased collateral risk for banks in Hong Kong and China considering ongoing stresses in real estate in both regions
- China Vanke just issued a Profit Alert indicating a loss during FY24 compared with a profit in preceding year
- Land mark downs are to blame and worsening profit margins and additional provisions for impairments
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