In today’s briefing:
- Ohayo Japan | New York Drift
- How Important Are China Gallium, Germanium, and Antimony Bans to the US?
- Japan Morning Connection: Markets Clearly Starting to Show EoY Wind Down
- [Blue Lotus Daily-TMT Update]:TCOM US/BABA US/JD US/PDD US/700 HK
- [Blue Lotus Daily]:LI US/XPEV US/NIO US/1211HK/TSLA US/ZK US/MNSO/601933CH/LKNCY/981HK/ACMR/1347HK
- Stimulus Policies Are Now the Biggest Determinant of Internet Ads Performances
Ohayo Japan | New York Drift
- U.S. stocks drifted lower on Thursday as investors await Friday’s critical jobs report
- Hewlett Packard Enterprise (HPE) surpassed Wall Street expectations in its fourth quarter, driven by strong demand for AI-powered servers and Nvidia processors
- NTT DATA aims to boost data center sales to $3.5 billion by March 2028, a 60% increase from its previous target
How Important Are China Gallium, Germanium, and Antimony Bans to the US?
- China has boycotted sales of Gallium, Germanium, and Antimony, three important elements, to the US
- All three are used in the production of semiconductors, but in very small quantities. They are also widely available from sources outside of China.
- The net impact of this boycott to the US semiconductor market should be negligible.
Japan Morning Connection: Markets Clearly Starting to Show EoY Wind Down
- Tech sell off led my semi-cap names after D/G to sell for AMAT
- Ulta beat paints a brighter picture for US consumer spending than expected
- Is the relentless buy momo/sell everything else in Japan ready for a reversal?
[Blue Lotus Daily-TMT Update]:TCOM US/BABA US/JD US/PDD US/700 HK
- TCOM US: United Airlines to Add Three China-U.S. Flights Next Year. Weekly Cap of 100 Flights Remains Main Constraint for China-U.S. Route Recovery(+)
- BABA US : 1688 launches SHEIN- like private-label brand. (+)
- BABA US/JD US/PDD US: Alibaba announced as e-commerce sponsor for 2025 CCTV Spring Gala (+/-/-)
[Blue Lotus Daily]:LI US/XPEV US/NIO US/1211HK/TSLA US/ZK US/MNSO/601933CH/LKNCY/981HK/ACMR/1347HK
- LI US/XPEV US/NIO US/1211 HK/TSLA US/ZK US:Electric vehicles delivered in the 48th week of 2024: LI and AITO stagnated, new new forces surged,while BYD and Tesla maintained moderate rise.(///////////)
- MNSO US /601933 CH: A brief comment on the recent stock rally(///)
- 981HK/ACMR US/1347 HK: Impacts of US semiconductor export controls. (-/-/+)
Stimulus Policies Are Now the Biggest Determinant of Internet Ads Performances
- Earnings results have differed in the recently concluded C3Q24. Performance ads in home electronics, 3C, auto, entertainment and travel have benefited from recovery in consumption;
- Heading into C4Q24, we expect rebound in real estate to benefit property ads, and the continuing warm up in consumption to spread to e-commerce (apparel and cosmetics);
- We expect trade-in subsidies for home electronics and electrical vehicles to renew in C1Q25 and further stimulus to encourage consumption in travel and catering to be announced.
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