In today’s briefing:
- Ohayo Japan | Oracle Rallies on AI Demand
- Quick Note: 1M HIBOR Decline by 300bps – Implications for Hong Kong Real Estate
- The Stocks to Own in ASEAN – Vol. 51
- The Stocks to Own in Asia – Vol. 49
- Japan Morning Connection: Air India Crash Sends Boing Lower, AMD’s AI Event Fails to Impress
Ohayo Japan | Oracle Rallies on AI Demand
- The S&P 500 gained 0.38% to 6,045, sitting less than 2% from its record high
- Oracle surged 13% after beating earnings expectations and forecasting cloud infrastructure revenue growth exceeding 70% in fiscal 2026, driven by AI demand
- 3D Investment Partners, a Singapore-based activist fund, increased its Square Enix stake to 9.79%
Quick Note: 1M HIBOR Decline by 300bps – Implications for Hong Kong Real Estate
- 1M HIBOR has declined by 300bps to 0.6%, which is a sharp decline. Mortgage rate, which is tied to HIBOR, will have to be adjusted downward
- Mortgage rate declines, affordability will improve, and there is positive carry. Developers will enjoy lower borrow cost and better earnings. 100bps change in rates leads to 2% earnings impact
- However, the HIBOR decline can reverse, if capital flow changes and affects HKMA’s aggregate balance. US/China interest rate movements and geo-political risks also have to be monitored closely
The Stocks to Own in ASEAN – Vol. 51
- We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR Methodology
- Portfolio changes: Five stocks remain, nine stocks added into portfolio
- Since its inception, the portfolio has generated a before-fee total return of 264% versus MSCI ASEAN’s 46%
The Stocks to Own in Asia – Vol. 49
- We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
- Portfolio changes: All fourteen stocks have changed in the portfolio
- Since its inception, it has generated a before-fee total return of 262% versus the MSCI Asia ex Japan of 110%
Japan Morning Connection: Air India Crash Sends Boing Lower, AMD’s AI Event Fails to Impress
- Oracle’s good numbers pulling AI and DC related names up, while Samsung failing its NVDA HBM certification (again) positive for Micron.
- Tencent is back at the table looking to bid for Nexon, whose outstanding short interest could see a rapid squeeze.
- All the good news out for Konami? Looks like it after their even last night with further upside catalysts lacking.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
