In today’s briefing:
- Ohayo Japan | Megacap Tech Rallies
- India’s Hotel Boom: How Spiritual Travel and Smart Expansion Are Redefining Hospitality
- #139 India Insight: Adani’s $10B AI Push, Flipkart’s Domicile Shift, Tesla To Cut Reliance On China?
- [Blue Lotus Daily-TMT Update]:JD US/BABA US/PDD US/700 HK/BIDU US/3690 HK/NTES US/BILI US/E-Commerce
- RBI Forward-Looking Survey Analysis
- Thematic Report: All You Need to Know About Fluorination Industry in India
- Japan Morning Connection: Japan Set to Melt up with Smaller Cap SPE and Power/Analog Names in Focus
- Insider Buying Trends in Indian Equities (Market Cap > USD 1 Billion) – March 2025
- [Blue Lotus Daily]:XPEV US/1810 HK/LI US/NIO US/Macro
- #140 India Insight: IMF Trims FY26 Growth to 6.2%, Rapeseed Opportunity, IndusInd Audits MFI Gap
Ohayo Japan | Megacap Tech Rallies
- U.S. stocks surged Thursday, driven by Big Tech gains and optimism over tariff negotiations
- Canon has revised down net profit to 333 billion yen for FY2025, down 31 billion yen from prior estimates, due to U.S. tariff policies and yen appreciation hitting profits
- Nissan Motor forecasts a record consolidated final loss of 750 billion yen for the fiscal year ending March 2025
India’s Hotel Boom: How Spiritual Travel and Smart Expansion Are Redefining Hospitality
- The hotel sector has seen robust room additions post-Covid, with a record high of 10,897 rooms projected for 2024-25, driven by domestic travel demand.
- Occupancy rates have remained steady at around 64.5%, despite significant room capacity increases, while average room rates rose by 13.5% to Rs.7,608 in 2023-24.
- The industry’s asset-light expansion strategy, including franchise and lease agreements, has facilitated rapid room inventory growth, with ongoing new project announcements remaining strong.
#139 India Insight: Adani’s $10B AI Push, Flipkart’s Domicile Shift, Tesla To Cut Reliance On China?
- Adani commits $10B to data centers to meet booming AI demand; this bold expansion positions India as a future-ready digital infrastructure hub.
- Flipkart Online Services (1398508D IN)’s board approves shifting domicile to India ahead of its IPO and this move can unlock higher valuations and boost local investor participation.
- Tesla (TSLA US) starts chip talks with Tata, Micron, and CG Semi to cut reliance on China; this reshapes India’s role in the global EV and semiconductor supply chain.
[Blue Lotus Daily-TMT Update]:JD US/BABA US/PDD US/700 HK/BIDU US/3690 HK/NTES US/BILI US/E-Commerce
- JD US/BABA US/PDD US: Government Regulation Forces Cancellation of “Refund Without Return” Policy (+/+/-)
- 700 HK: Tencent Games SPARK Conference Reveals R&D Progress for Multiple Titles Including <Honor of Kings: World> (+)
- BIDU US:Baidu launches the AI agent app “Xin Xiang,” which is similar to Manus(/)
RBI Forward-Looking Survey Analysis
- The RBI’s March 2025 surveys highlight a balanced recovery, with easing inflation expectations, strong rural sentiment, and sector-specific growth prospects across banking, manufacturing, and services.
- With moderate credit growth and consumer confidence improving, sectors like agri-finance, retail, and infrastructure are poised for growth, while inflationary pressures and currency depreciation may impact import-dependent companies.
- India’s economic recovery is steady, with sector-specific positioning crucial. As rural confidence rises and inflation expectations moderate, growth opportunities are more identifiable, especially in rural finance and manufacturing.
Thematic Report: All You Need to Know About Fluorination Industry in India
- Fluorine chemistry is gaining strategic importance across sectors like pharma, agrochemicals, EVs, and semiconductors, driven by the superior thermal, chemical, and biological properties of fluorinated compounds.
- India is emerging as a global hub in fluorination, supported by backward-integrated capacities, decades of handling expertise, and the global China+1 diversification strategy.
- Companies like SRF Ltd (SRF IN), Gujarat Fluorochemicals (FLUOROCH IN), and Navin Fluorine International (NFIL IN) are scaling up across the value chain from fluoropolymers to battery-grade electrolytes.
Japan Morning Connection: Japan Set to Melt up with Smaller Cap SPE and Power/Analog Names in Focus
- Texas Instruments and STM numbers pointing to a bottom for industrial and automotive semi’s.
- Memory catching a bid on SK Hynix numbers yesterday, may see signs of live for Kioxia.
- Renesas may run after better-than-feared numbers yesterday and a more positive read for the sector overall.
Insider Buying Trends in Indian Equities (Market Cap > USD 1 Billion) – March 2025
- Promoters of multiple large-cap Indian firms made significant insider purchases in March 2025.
- Sectors with notable activity include financials, real estate, and specialty chemicals.
- Many of these stocks have already rallied post-purchase, with gains reaching up to 30%.
[Blue Lotus Daily]:XPEV US/1810 HK/LI US/NIO US/Macro
- XPEV US: 2025 X9 Achieves 7,500 Orders in 7 Days Post-Launch (+)
- 1810 HK: YU7 to Launch as Scheduled in June-July 2025(+)
- Macro: Shanghai slightly enhances support measures for catering businesses (/)
#140 India Insight: IMF Trims FY26 Growth to 6.2%, Rapeseed Opportunity, IndusInd Audits MFI Gap
- The IMF has trimmed India’s FY26 growth forecast to 6.2% due to global tariff uncertainty, indicating growing external risks for the Indian economy.
- India is targeting a Rs. 1,000 crore rapeseed meal export opportunity to China following regulatory clearance, potentially boosting agri-exports and farmer income.
- Indusind Bank (IIB IN) has appointed EY for a re-audit after detecting a Rs. 600 crore gap in its microfinance portfolio, raising red flags on governance and risk management.
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