In today’s briefing:
- Japan Strategy Weekly | Nintendo’s Switch and Trump’s Return
- Singapore Market Roundup (17-Jan-2025): RHB upgrades real estate sector, CDL and APAC Realty top picks.
- Temu and Shein Face Challenges as Countries Tighten Rules for Small Package Imports
- TikTok Refugees Send Xiaohongshu to Top of U.S. App Store Charts
- #88 India Insight: Maharashtra’s Innovation City, US Eases Restrictions, Delhivery’s Rapid Commerce
- China Property: 4 Charts – Full Year 2024 In Context
- AUCTUS ON FRIDAY – 17/01/2025
Japan Strategy Weekly | Nintendo’s Switch and Trump’s Return
- The Nikkei Stock Average declined 738 yen (1.9%) in the second week of January as heavy-weight stocks sell-off
- Nintendo (7974 JP) ended the trading week marginally higher by 0.7% after a partial unveiling of its new Swich 2 Console. Less earnings cyclicality, but less upside?
- The BoJ looks set to lift interest rates again next week, unless market turbulence following Trump’s inauguration, delays the inevitable
Singapore Market Roundup (17-Jan-2025): RHB upgrades real estate sector, CDL and APAC Realty top picks.
- RHB upgrades real estate sector to ‘overweight’, recommending CDL and APAC Realty as top picks for investors.
- Stock updates include analysis on companies such as SGX, UOB, Marco Polo Marine, Pan-United Corp, Food Empire, PLife REIT, and Wilmar.
- Investors should consider RHB’s recommendations and monitor the performance of these companies in the real estate sector.
Temu and Shein Face Challenges as Countries Tighten Rules for Small Package Imports
Chinese e-commerce platforms such as Temu and Shein are facing new challenges in delivering low-priced products from China to international markets, as countries including the United States enforce stricter regulations on small package imports.
On Jan. 11, U.S. Customs and Border Protection (CBP) introduced new rules targeting shipments sent to the same recipient via different channels on the same day or declared for import, if their total value exceeds $800.
The CBP’s Automated Commercial Environment system will monitor for discrepancies in shipment declarations, such as omissions or alterations designed to evade the value threshold. If irregularities are detected, it may result in delays in customs clearance, detentions or additional fees, according to the CBP.
TikTok Refugees Send Xiaohongshu to Top of U.S. App Store Charts
- The Chinese social media app Xiaohongshu has surged to the top of U.S. app store charts as American TikTok creators, dubbed “TikTok refugees,” migrate to the platform amid a potential U.S. ban, driving new global user engagement and sparking cross-cultural trends.
- Ryan Martin, a TikTok user, said restricted access to Douyin — TikTok’s Chinese counterpart — and dissatisfaction with Meta Platform’s role in the TikTok ban had prompted his switch to Xiaohongshu.
- He described the platform as the most similar to TikTok in terms of interface and functionality. Unlike TikTok and Douyin, Xiaohongshu does not isolate domestic and international users, allowing seamless access for overseas users.
#88 India Insight: Maharashtra’s Innovation City, US Eases Restrictions, Delhivery’s Rapid Commerce
- Maharashtra CM Devendra Fadnavis announces plans to set up an Innovation City, similar to Gujarat’s GIFT City, to boost the state’s leadership in AI and start-ups.
- U.S. has removed three Indian entities: IGCAR, BARC, and Indian Rare Earths from its restrictive list, advancing energy cooperation, joint research, and strengthening bilateral ties, particularly in nuclear, energy sectors.
- Delhivery launches Rapid Commerce, a sub-2-hour delivery service in Bengaluru for D2C brands. The service aims to enhance customer satisfaction, with plans for expansion to other major cities across India.
China Property: 4 Charts – Full Year 2024 In Context
- China’s National Bureau of Statistics (NBS) released the Jan-Dec 2024 macro and property data today
- In this brief note, we put together the key macro-property metrics for the full year 2024 vs the past several years
- While the latest monthly and weekly data show improvements (‘less negative’), the full year 2024 ended more negative vs 2023 for key macro-property metrics
AUCTUS ON FRIDAY – 17/01/2025
- Corcel (CRCL LN)C; Target price of 1.00p per share: Initiating Coverage – Corcel is a ~£6 mm market cap AIM-listed E&P company focused on Portuguese-speaking Angola and Brazil.
- It offers a unique exposure to the prolific Kwanza onshore basin in Angola which reopened to international companies in 2021.
- Corcel is also building a portfolio of mature onshore producing assets in Brazil.
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