Daily Brief Thematic (Sector/Industry): Japan Morning Connection: Oracle +36% Pulls Most AI Related Sharply Higher and more

• Broadcom up another 10% on potential demand for ASIC, expect Socionext to catch a bid after yesterdays pause.
• Market turning more sour on Apple’s latest offerings pulling suppliers lower.
• EDA names are reeling from China export restrictions with Synopsis -36% pulling Cadence lower also.

• US equities hit fresh highs as weaker-than-expected PPI (-0.1% vs +0.3% est.) boosted Fed cut bets; Oracle jumped 36% on AI-driven cloud growth.
• Investors await Thursday’s CPI, expected to show 2.9% headline and 3.1% core inflation, a backdrop supportive of further Fed easing.
• Activist pressure and restructuring dominated JP headlines: Elliott took a stake in Kansai Electric, Fuji Media selling non-core equities, and major resin makers announced a domestic consolidation.

For our next Webinar we are glad to welcome Cube’s Co-Founder and Smartkarma Insight Provider, Simon Torring.

In the upcoming webinar, Simon will share key updates about Southeast Asia’s e-commerce industry, including newly released H1 market data for the region’s leading e-commerce platforms, from the firm’s proprietary Tradewinds data offering. 
The session will also touch on key industry developments such as platform competition, promotional intensity, and Shopee’s expansion in Brazil, along with an e-commerce industry forecast.

The webinar will include a live Q&A session.

The Webinar will be hosted on Tuesday, 30 September 2025, 20:00 SGT.

About Cube

Cube (formerly Cube Asia) offers granular market data and insights for online retail in Southeast Asia, helping brands and retail companies drive profitable growth.
Why The Cube?
The Cube offers 3 dimensions of granularity to help you get deep into the 1) geographies, 2) categories, and 3) types of data and insights you need for your business.
They operate a big-data machine that is continuously listening to public data sources and primary research, triangulating across thousands of data points using probabilistic modeling to produce an accurate and granular picture of Southeast Asia’s online retail landscape.

• YTD, H-share securities companies outperformed the HSI and HSCEI, but valuations are still undemanding at 12.7x and 11.7x PERs for FY25 and FY26.
• 2H25F earnings for the sector are too conservative at -2.5%, compared with 64.9% YoY growth in 1H25. There is significant earnings upgrade potential after the 3Q25 result announcements.
• China International Capital Corporation (3908 HK), China Galaxy Securities (H) (6881 HK), Everbright Securities (H) (6178 HK), and CSC Financial (6066 HK) appear interesting.

• India’s decade-old aspiration to build a semiconductor ecosystem has transitioned from policy vision to tangible projects, marked by the recent presentation of the first “Made-in-India” chip, the Vikram 32-bit processor.
• The momentum is validated by over INR 1.60 lakh crore in investment commitments across 10 approved projects, including major fabs and advanced packaging facilities.
• This strategic push aims to reduce import dependency in a critical sector, create high-value jobs, and position India as a viable alternative in the global supply chain.

• RHB’s Yeo raises Food Empire target price to $2.72.                            
• UOB Kay Hian maintains ‘buy’ on Prime US REIT due to low valuation.
• RHB’s Natarajan ups Suntec REIT target price to $1.48.

• Paprika exports from India to face US antidumping, countervailing duties
• India targets 40 markets to boost textile exports amid US tariffs
• Drug regulatory authority plans braille cards and QR codes for medicines