In today’s briefing:
- Japan Strategy Weekly | BoJ Hike Anticipated Amid Manufacturing Rebound and Services Inflation
- Thematic Report On India’s Valuation Reset: How Markets Are Repricing Growth Heading Into 2026
- AUCTUS ON FRIDAY – 12/12/2025
- Singapore Market Roundup (12-Dec-2025): CGSI keeps ‘add’ but cuts TP; JPMorgan downgrades SCI to
- Singapore’s Experience: Export Economy
Japan Strategy Weekly | BoJ Hike Anticipated Amid Manufacturing Rebound and Services Inflation
- CLOSES: TPX +1.8%, NKY +0.7%, JPY 155.85 (+0.50), JGB 1.95% (unch). Topix hits new all-time high
- SECTORS: Securities +6.3%, Autos +6.2%, Wholesale +5.3% | Precision -0.2%, Telco -1.6%, Other Prod. -2.3%
- WEEK AHEAD: Tankan (Mon), Flash PMI (Tue), Balance of Trade (Wed), CPI (Fri), BoJ Interest Rate Decision (Fri)
Thematic Report On India’s Valuation Reset: How Markets Are Repricing Growth Heading Into 2026
- Nifty-500 valuations have eased by about 13% between Sep’24 and Nov’25, with midcaps seeing the largest correction. Earnings growth has improved.
- Market shift from liquidity to earnings-driven rally, with large caps near long-term averages and mid/small caps holding premiums.
- FY26 may see a shift in sector leadership, with Private Banks and Technology gaining attention, while mid/small caps may face more selectivity.
AUCTUS ON FRIDAY – 12/12/2025
- Corcel (CRCL LN)C; Target price of 1.40p per share: Equity raise from blue chip new investors bolsters balance sheet ahead of busy 2026 – Corcel has raised £3 mm of new equity at a price of 0.35 p per share from two blue chip new investors.
- Following the raise, Corcel’s cash balance is expected to reach ~£6 mm by YE25.
- In addition, Sintana Energy will pay Corcel ~US$2 mm in cash upon closing the acquisition of a 5% interest in KON‑16.
Singapore Market Roundup (12-Dec-2025): CGSI keeps ‘add’ but cuts TP; JPMorgan downgrades SCI to
- CGSI maintains ‘add’ but lowers TP; JPMorgan downgrades SCI to ‘neutral’ post-Alinta deal.
- RHB keeps ‘buy’ rating and targets 85 cents for HRnetGroup.
- Analysts are optimistic as SGX begins its new growth phase.
Singapore’s Experience: Export Economy
- This report looks at how Singapore “exports” experiences rather than products. Foreign visitors, patients, students and shoppers spend time in hotels, hospitals, schools, malls and attractions.
- Their spending shows up as travel, healthcare, education and other services exports.
- Between 2014 and 2024, Singapore’s services trade grew about 9.4% a year, faster than nominal GDP, and reached roughly 136% of GDP by 2024.
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