In today’s briefing:
- Ohayo Japan | Wall Street Closes Lower as Tech Stocks Slide
- Japan Morning Connection: US Semi-Capex Names Higher on TSMC Numbers…more for JP Also?
- Takashimaya to Close Sakai Store, Meitetsu Nagoya Future in Doubt
- Singapore Market Roundup (16-Jan-2025): RHB predicts strong 1HFY2025 earnings growth for SGX.
- Tech Talk: Next-Gen Data Centers Green and Crypto Data Centers
- #87 India Insight: China Export Halt; GTRI Suggests Tariff Cuts; Fintech Funding Drops 33%
Ohayo Japan | Wall Street Closes Lower as Tech Stocks Slide
- Nasdaq slid 0.9%, with large-cap tech stocks like Nvidia and Tesla underperforming
- Nintendo has unveiled the Switch 2, the successor to its highly successful console. The new device features a larger screen
- Tokyo Gas will sell assets, including real estate, to fund growth investments and boost shareholder value, following activist pressure
Japan Morning Connection: US Semi-Capex Names Higher on TSMC Numbers…more for JP Also?
- Japan saw big gains for SPE in the last 15 mins of trading on the TSMC capex outlook which should continue today.
- Luxury names got a shot in the arm from Richemont numbers overnight so likes of Shiseido and Kose may see a knee jerk higher.
- Nintendo looks to have largely priced in the Switch 2, but upside remains for component makers.
Takashimaya to Close Sakai Store, Meitetsu Nagoya Future in Doubt
- Despite the tourist boom, sales to locals remain less consistent, with sales actually falling in October and less than stellar results before then.
- So more department stores will close this year as owners review aging buildings and weigh whether costs will exceed profit potential longer-term.
- Even in central Nagoya, plans for major redevelopment of the station area mean Meitetsu Department Store is likely to close.
Singapore Market Roundup (16-Jan-2025): RHB predicts strong 1HFY2025 earnings growth for SGX.
- RHB predicts strong earnings growth for SGX in 1HFY2025 with interim DPS of 17.5 cents, indicating positive performance ahead.
- DBS issues special dividend as UOB plans share buyback, showcasing strong financial health and confidence in future prospects.
- CGSI forecasts DBS’s 4QFY2024 net profit at $2.7 billion and quarterly dividend rising to 60 cents, suggesting continued profitability.
Tech Talk: Next-Gen Data Centers Green and Crypto Data Centers
- Computing, and thus data centers, are becoming more critical to nearly every business (thank AI).
- In this edition of Tech Talk, we focus on green and crypto data centers, highlighting their specific needs, characteristics, market dynamics, and leading vendors.
- Simply put, a green data center uses many of the standard computer systems and networking equipment of other data centers, but with a strong emphasis on minimizing environmental impact.
#87 India Insight: China Export Halt; GTRI Suggests Tariff Cuts; Fintech Funding Drops 33%
- Pepsico Inc (PEP US) an Alpha Wave Global are vying for a minority stake in Haldiram, with other investors- Temasek Holdings Pte Ltd (TMSK SP) and Bain Capital Specialty Finan (BCSF US)
- India plans to support its textile industry in the upcoming budget, with incentives, tariff cuts, and financial support to boost local production.
- DPIIT has partnered with ITC Ltd (ITC IN) to boost India’s startup ecosystem, focusing on technology, innovation, and market opportunities.
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