In today’s briefing:
- Malaysia: PH Is Stronger in West Malaysia, but Sabah-Sarawak May Hold Final Cards
- Good Morning Japan | Schizophrenic Markets!
- Xi-Biden Meeting and G20 – A Temporary Respite?
- Newfound Research Q3 2022 Commentary
- Inflation Bites: India Consumer Sector – Rising Revenues, Dipping Margins in Sept. Quarter
Malaysia: PH Is Stronger in West Malaysia, but Sabah-Sarawak May Hold Final Cards
- We expect PH to win the 15th General Election, because it will win a majority of the seats in West Malaysia as the non-PH vote splits between UMNO and PN.
- PH may fall short of a national majority because it competes with local parties (rather than aligning with any major ones) in Sabah-Sarawak, which may hold the final cards.
- While that is our baseline scenario, if current polling holds, PH will comfortably form the government with Anwar as PM. Winners will be technology companies and Hong Leong group.
Good Morning Japan | Schizophrenic Markets!
- Good Morning Japan: We strive to provide the very best breaking macro, stock and thematic overnight news that will impact your trading day in Japan. FOLLOW US to keep abreast!
- OVERSEAS: Strong US retail numbers cast doubt on Fed pivot; Micron’s cuts on memory wafers drag down Semis; Crypto crisis spreads; Trump declares 2024 Presidential run – Dems doing cartwheels?
- JAPAN: Toyota 5th Gen Prius – looks like a…TESLA, very cool!; Rohm joins PIF’s Toshiba bid with ¥300bn; Rakuten taps junk bond market for $500mn-things are really serious..
Xi-Biden Meeting and G20 – A Temporary Respite?
- Xi-Biden meeting could be the most harmonious state both sides can reach for a long time to come – Both sides could draw a red line and then start competing.
- Both China and the US hope to pursue absolute security, but like the paradox, the absolute security of one side is the absolute insecurity of the other.
- The level of global development is so different that it’s impossible to have the same culture and so-called universal values. The world isn’t a fairy tale, nor is globalization.
Newfound Research Q3 2022 Commentary
- Newfound, an SEC registered investment advisor, is a financial technology and product innovation firm enabling rule-based, behavior-driven investment strategies.
- This commentary provides a high-level performance update for Q3 2022.
- NFDIX returned -6.33% in Q3 2022.
Inflation Bites: India Consumer Sector – Rising Revenues, Dipping Margins in Sept. Quarter
- Despite a strong surge in sales in the Sept. quarter, most Indian consumer companies reported weak profit growth given negative impact of inflation, currency and interest rates.
- Inflationary pressures from higher raw material costs, rise in fuel costs and higher wages have affected volume growth as companies attempted to effect price hikes to mitigate margin impact.
- Leading FMCG companies have temporarily cut back on marketing spend during the quarter to offset the impact of cost pressures on operating margins.
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