In today’s briefing:
- Ohayo Japan | Dow Gains 500 Points
- China: Revival 2.0?
- India: Monthly Insider Buying Update
- Singapore Market Roundup (21-Jan-2025): DBS must accelerate Malaysia expansion due to JS-SEZ urgency – CreditSights
- Japan Morning Connection: Trump Opening the Floodgates to AI Investment
- Monday Delight: 20/01/25
- #90 India Insight: Dixon’s $3 Bn Display Fab, Blinkit Expansion Burns Cash, HAL Delays
- Quantum Computing – The Future That’s Loading… and Not Loading
Ohayo Japan | Dow Gains 500 Points
- US stocks rose on Tuesday, with the Dow Jones gaining over 500 points, surpassing 44,000,
- The Federation of Electric Power Companies of Japan has called for significant policy changes in response to the government’s draft Strategic Energy Plan
- The European Automobile Manufacturers Association (ACEA) reported a 1% year-on-year decline in electric vehicle sales in Europe
China: Revival 2.0?
- Chinese Real Estate prices have been the major driver of the Chinese stock market slump, but the fall seemed to stop.
- Recently sworn-in President Trump is no longer considered an enemy of China, and his tariff punishment will no longer be across the board but more selective.
- A few stocks in Hong Kong listing that trade at lower PE multiples to the dividend yield, indicating the undemanding valuation to obtain yield.
India: Monthly Insider Buying Update
- Insider buying activity often signals that a positive shift in the business cycle may be approaching for certain businesses.
- We highlight large and liquid companies that experienced significant insider buying during December 2024, as reported on the stock exchanges.
- Jindal Stainless (JDSL IN) , Poonawalla Fincorp (POONAWAL IN) , Indegene (INDGN IN) , NCC Ltd (NJCC IN) and Sheela Foam Ltd (SFL IN) have seen good buying by insiders.
Singapore Market Roundup (21-Jan-2025): DBS must accelerate Malaysia expansion due to JS-SEZ urgency – CreditSights
- DBS may need to accelerate expansion into Malaysian market due to urgency of JS-SEZ project, according to CreditSights.
- Singtel is focused on enhancing shareholder value, as confirmed by UOBKH, which also maintains a buy rating for KORE and Prime post office return mandate.
- Venture Corp receives a ‘buy’ rating from UOB Kay Hian due to promising medium-term growth prospects, while Maybank predicts S-REIT distributions to stabilize by 2H2025 and growth in FY2026.
Japan Morning Connection: Trump Opening the Floodgates to AI Investment
- Softbank pledging $500bn worth of AI investment over the next 4-years will send JP SPE higher.
- Plenty of high-quality semi-related names in Japan yet to recover from last years 4Q sell-off.
- DR Horton numbers were a beat, but sold off their AM highs despite the weakening yields. Any sell off a buy the dip change for Sumi Forestry.
Monday Delight: 20/01/25
- This is your Monday morning dose of inspiration. Each week, I’ll share five intriguing investment ideas that recently caught my attention. These ideas are meant to spark your research and help you kickstart the week ahead with fresh insights.
- The ideas will often be concise, with occasional references to valuable work from other practitioners that I encourage you to explore.
- If you have something fascinating to share that could benefit me and the wider community, don’t hesitate to send it my way—I’d love to hear from you!
#90 India Insight: Dixon’s $3 Bn Display Fab, Blinkit Expansion Burns Cash, HAL Delays
- Dixon Technologies India Ltd (DIXON IN) plans to invest $3 billion to establish a display fabrication facility in India, aiming to capitalize on government subsidies and enhance its position.
- Zomato (ZOMATO IN) Quick Commerce Business, Blinkit is rapidly expanding its dark store network in India’s competitive quick-commerce market, leading to short-term losses but aiming for long-term gains.
- Hindustan Aeronautics (HNAL IN) aims delivering 16 LCA Mk1A jets to the IAF by 2025, a history of delays and a recent unconfirmed report raise questions about the program’s timeline.
Quantum Computing – The Future That’s Loading… and Not Loading
- Quantum computing’s outlook is like Schrödinger’s cat: a varying mix of potential and challenges, with each breakthrough or setback collapsing possibilities and probabilities into a new, uncertain reality.
- Alphabet (GOOG US)‘s “quantum supremacy” milestone shows quantum computing’s transformative potential, but unresolved challenges despite decades of effort risks confining it to niche applications, limiting its broader impact.
- Among pure-plays IonQ (IONQ US) , D-Wave Quantum (QBTS US) , Rigetti Computing (RGTI US) stand out. IonQ’s focus on high-fidelity, cloud and practical applications positions it particularly well.
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