In today’s briefing:
- Latest US Restrictions On EDA Sales To China Tanks CDNS, SNPS
- [IO Technicals 2025/22] Bearish Momentum Strengthens
- The Stocks to Own in China – Vol. 36
- [Blue Lotus Daily-TMT Update]:JD US/BABA US/3690HK/TCOM US/1024HK/700HK/PONY US/BIDU US/WRD US/GOOGL
- #154 India Insights: GenAI, $44B Space Sector Boom, JSW Steel’s Capacity Target On Track
- [Blue Lotus Daily]:XPEV US/LI US/601127 CH/NIO US/BZ US/1211 HK/New Energy Vehicle
- Spotlight On Neurodegenerative Diseases Innovative Treatments: TREM2 Agonists
- AUCTUS ON FRIDAY – 30/05/2025
- The Stocks to Own in Thailand – Vol. 49
Latest US Restrictions On EDA Sales To China Tanks CDNS, SNPS
- CDNS, SNPS each fall >10% on the back of further US restrictions on sale to China
- Both of their China revenues were around 10% in the most recent quarter, albeit in the case of CDNS, it was 15% in the year ago quarter
- China’s domestic EDA ecosystem has grown significantly in recent years. These latest restrictions, if fully implemented, will simply serve to further accelerate its development
[IO Technicals 2025/22] Bearish Momentum Strengthens
- Iron ore futures dropped as China’s steel demand weakened and Beijing considered a pre-sale ban of unfinished homes, potentially hurting global steel demand.
- Expectations of impending production restrictions were bolstered when Baosteel forecasted that China’s total steel output could decrease by 50 million tons this year.
- On the technical front, prices remain below key moving averages, and MACD lags the signal line, reinforcing a persistent bearish outlook.
The Stocks to Own in China – Vol. 36
- We highlight 10 stocks in China that look interesting to us based on our FVMR Methodology
- Portfolio changes: Two stocks remain, eight new join the fray
- Since inception, it has gained 172% versus the CSI 300 Index’s return of 61%
[Blue Lotus Daily-TMT Update]:JD US/BABA US/3690HK/TCOM US/1024HK/700HK/PONY US/BIDU US/WRD US/GOOGL
- JD US/BABA US/3690 HK: Food Delivery Subsidy Rules Adjusted Again, Merchant Share Rises to 70% (+/+/+)
- TCOM US: Stable Traffic Growth in Dragon Boat Festival Traffic(+)
- TCOM US:Daily cross-border trips during Dragon Boat Festival holiday hit 2.15m (-)
#154 India Insights: GenAI, $44B Space Sector Boom, JSW Steel’s Capacity Target On Track
- Tata Consumer Products (TATACONS IN) chairman highlights India’s strong growth outlook, emerging trends like GenAI, and the nation’s stability.
- India’s space sector, driven by state-level policies and private investments, is set to reach $44 billion by 2033.
- JSW Steel’s 50 MT capacity target by FY31 remains intact despite Bhushan setback, focusing on brownfield and greenfield expansions.
[Blue Lotus Daily]:XPEV US/LI US/601127 CH/NIO US/BZ US/1211 HK/New Energy Vehicle
- XPEV US: Mona M03 Max facelift launches with RMB15k price cut (+)
- LI US/601127 CH/ XPEV US/NIO US: Week 21 Sales Ranking (May 19-25, 2025)(+/+/-/-)
- New Energy Vehicle: MOC focuses on “zero-mile used cars”, BYD(1211 HK) & Dongfeng attend meeting(-)
Spotlight On Neurodegenerative Diseases Innovative Treatments: TREM2 Agonists
- The critical role of TREM2. Triggering receptor expressed on myeloid cells 2 (TREM2) is a protein that is primarily found on the surface of microglia.
- Microglia are the primary immune cells of the central nervous system (CNS), which essentially act as the first and principal line of active immune defense in the CNS.
- TREM2 helps the CNS immune system by enhancing microglia’s ability to clear toxic substances, abnormal proteins (such as amyloid beta), and cellular debris. I
AUCTUS ON FRIDAY – 30/05/2025
- Arrow Exploration (AXL LN/CN)C; Target price of £0.70 per share: Gearing-up for acquisitions?
- – 1Q25 production was 4,085 boe/d with no horizontal wells drilled in the period.
- RCE is more mature than CN and while no drilling has taken place at RCE, the decline rate between 4Q24 and 1Q25 was only ~5%.
The Stocks to Own in Thailand – Vol. 49
- We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
- Portfolio changes: Three stocks remain, 11 new join the fray
- Since inception, it has gained 73% versus the SET 100 Index’s return of 10%
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