In today’s briefing:
- Ohayo Japan | Markets Juggle Earnings, AI Trends, and Fed Signals
- Singapore Market Roundup (06-Feb-2025): Singtel poised for strong ebit growth in FY2025 – CGSI
- Japan Morning Connection: Mixed Read from the US but Direction Pointing Higher
- Thematic Report: How Is International Trade Changing in the Coming Decade?
- What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!
- SA Listed Property Review – January 2025
- Monthly Sales Overview of Listed Indian Commercial Vehicle Companies (January 2025)
Ohayo Japan | Markets Juggle Earnings, AI Trends, and Fed Signals
- Amazon’s Weak Guidance Hits Shares – Despite beating Q4 estimates, Amazon issued softer Q1 guidance, mirroring cloud concerns that also weighed on Microsoft and Google.
- Fed in Focus Amid Jobless Data – Weekly jobless claims rose to 219,000, slightly above estimates, fuelling speculation on the Federal Reserve’s next move ahead of Friday’s jobs report.
- BOJ Hawkish Shift Strengthens Yen – BOJ’s Tamura signalled a rate hike to 1% in FY25, sparking sharp yen gains as USD/JPY fell below 152.
Singapore Market Roundup (06-Feb-2025): Singtel poised for strong ebit growth in FY2025 – CGSI
- Singtel’s FY2025 ebit growth guidance may rise to mid-to-high teens from successful cost cuts, according to CGSI.
- IG predicts OCBC will reach $19 and UOB will hit $39.90 in share price.
- SGX reports record revenue and profit in first half, with 1HFY2025 adjusted net profit up 27.3% and increased revenue across all segments. CEO Loh addresses succession concerns.
Japan Morning Connection: Mixed Read from the US but Direction Pointing Higher
- Coherent, SMCI, Entegris all posting solid gains, while Skyworks priced in its poor outlook for its Apple biz.
- Monolithic as much as +19% post market setting a better tone for power/analog semi related. Renesas +12.6% yesterday also.
- Tokyo Electron numbers mixed but positive overall and any weakness at the open a good chance for dip buying.
Thematic Report: How Is International Trade Changing in the Coming Decade?
- Trade is transitioning from a globalization-driven model to a more regionalized structure, influenced by geopolitical tensions, national security concerns, and supply chain diversification.
- North America is consolidating its trade networks, China is deepening ties with the Global South, and Europe is prioritizing strategic trade partnerships, signaling a restructuring of global trade corridors
- India’s trade with the US is projected to more than double and trade with the EU, ASEAN, and Africa are forecast to increase by around 80% over the next decade.
What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!
- Gold continues to make new highs to little, if any fanfare
- Traditional drivers of gold like lower real rates and a weaker dollar yet to come into play
- What does this mean for the precious metals mining sector and is it time to buy?
SA Listed Property Review – January 2025
- The SA listed property index fell -2.89% in January, reversing December’s gain.
- There were only eleven listed property companies up out of forty-five. The majority of large SA REITs disappointed.
- Despite being thousands of miles from the world’s touchpoints South Africa’s markets cannot escape global uncertainty and its negative impact.
Monthly Sales Overview of Listed Indian Commercial Vehicle Companies (January 2025)
- The YTD FY2025 sales volume of commercial vehicle(CV) companies has been soft due to elections,sluggish government capital expenditure and less replacement demand. However,Jan2025 saw a modest uptick in wholesale volume.
- Domestic volumes for Eicher Motors (EIM IN),Mahindra & Mahindra (MM IN),and Ashok Leyland (AL IN) grew by 21%, 2%,and 3% YoY, respectively,while Tata Motors Ltd (TTMT IN) declined by 2%.
- According to industry reports and management interviews, the commercial vehicle industry is expected to remain largely flat in FY2025 and hopes for a positive growth in FY2026.
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