In today’s briefing:
- Ohayo Japan | Stocks Close Mixed as Jobs Growth Offset by Rising Unemployment
- Singapore Market Roundup (16-Dec-2025): Morningstar raises SGX fair value to $15, notes
- Exencial Industry Tidings 16/12/2025
Ohayo Japan | Stocks Close Mixed as Jobs Growth Offset by Rising Unemployment
- US stocks closed mixed after November jobs added 64k (beat) but unemployment rose to 4.6%; Nasdaq +0.2% on Tesla record, S&P -0.2%, Dow -0.6%; Ford took $19.5bn EV pivot charge.
- Mitsui & Co. (8031 JP) completed ¥800bn investment for 40% in Rhodes Ridge iron ore JV; production from 2030 at 40-50mtpa initially, expanding >100mtpa;
- ASKA Pharmaceutical trades below book value and at sub-6x EV/EBITDA with >20% net cash; improved capital allocation, and potential PE sale as catalysts.
Singapore Market Roundup (16-Dec-2025): Morningstar raises SGX fair value to $15, notes
- Morningstar lifts SGX fair value to $15, cites strong trading but warns of overvaluation.
- PhillipCapital lowers Sembcorp’s TP to $7.10 but keeps ‘buy’ rating.
- Analysts are optimistic as SGX starts a new growth phase.
Exencial Industry Tidings 16/12/2025
- Gold import s down 60 % in November 20 25
- No plan to phase out or retrofit vehicles not compatible with E20 fuel
- JioHotstar intensifies South India push with boost in regional content investments
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