In today’s briefing:
- Japan Morning Connection: US Lower After Trump Temper Tantrum over Jobs and Increased Tariffs
- China Tea Sector: What to Buy and Sell?
Japan Morning Connection: US Lower After Trump Temper Tantrum over Jobs and Increased Tariffs
- Yields soared after the poor set of jobs data causing home builders to jump. Watch Sumitomo Forestry and Shin Etsu for upside.
- TEL’s poor look for WFE sends semi cap tumbling, although Lam Research up as it likely takes market share.
- Eastman -19% on poor numbers reflecting DOW’s woes the week before as tariffs pose significant headwinds for the chemicals industry.
China Tea Sector: What to Buy and Sell?
- China’s tea sector has attracted increased interest, but the share prices are volatile. Overall valuations do not look cheap, and the key is stock picking.
- Auntea Jenny (Shanghai) Industrial (2589 HK) nd Mixue Group (2097 HK) are expensive on both PEG and P/B vs. ROE perspectives.
- In two years, Sichuan Baicha Baidao Industrial (2555 HK), Chagee Holdings (CHA US), and Nayuki Holdings (2150 HK) will turn even cheaper.
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