In today’s briefing:
- Themes of India: Construction Equipment Industry
- #4Business Buzz: Chinese Bond, Recovery in Adani, Alibaba & AI, Jio’s Deal of 36000Cr
- Thematic Report: Indian Markets at All Time; Should You Invest Now?
- Japan Weekly | Global Markets in Flux; MS&AD, Fujikura, Fuji Elec
- [Blue Lotus Daily]: 300274SZ/DQ US/CSIQ US/JKSUS/601615SH/2208HK/601012SH/XPEV/1211HK/LI/NIO/TSLA
Themes of India: Construction Equipment Industry
- India’s construction equipment sector surged by 26% in FY23, hitting a milestone of over 100,000 units sold, driven by infrastructure and railway demand.
- Obust growth in infrastructure projects, valued at USD 7.9 Bn in 2023, with an estimated growth to USD 12.4 Bn by 2029, highlights a thriving market.
- 2 Companies in India is riding on the wave of this fast growing construction equipment industry.
#4Business Buzz: Chinese Bond, Recovery in Adani, Alibaba & AI, Jio’s Deal of 36000Cr
- China saw 3.9 trillion yuan shift from cash to bonds and wealth products in April 2024.
- Adani Enterprises (ADE IN) has fully recovered the $30 billion stock loss from the Hindenburg Report.
- Alibaba Group Holding (BABA US) raised $4.5 billion via convertible bonds for buybacks and AI investments.
Thematic Report: Indian Markets at All Time; Should You Invest Now?
- Data and historical trends suggest that investing at all time highs can still be profitable in the long run.
- It is important to focus on earnings growth, long term time frames, and the power of compounding. Indian markets have a track record of generating multi-bagger returns.
- All time highs should not be feared, but rather seen as a sign of a growing and healthy market.
Japan Weekly | Global Markets in Flux; MS&AD, Fujikura, Fuji Elec
- Overseas markets face pressure from Fed comments and strong economic data, finding relief in earnings, but uncertainty persists into next week.
- Japanese equities react to US moves, with Topix down slightly; inflation aligns with expectations, but pressure remains for tighter policy.
- MS&AD Insurance Group surges 14% with robust shareholder returns; Fujikura rises 12% on revised earnings and improved outlook, while Fuji Electric falls 10% on conservative growth projections.
[Blue Lotus Daily]: 300274SZ/DQ US/CSIQ US/JKSUS/601615SH/2208HK/601012SH/XPEV/1211HK/LI/NIO/TSLA
- 300274 SZ/DQ US/CSIQ US/JKS US/601615 SH/2208 HK/601012 SH: Domestic new energy installed capacity further slows downDomestic new energy installed capacity further slows down (/////////////)
- XPEV US: Xpeng Motors’ losses narrowed slightly in the first quarter of 2024 as software sales to Volkswagen increased gross profits (+)
- 1211HK/LIUS/NIOUS/XPEVUS/TSLAUS:20th week of 2024, BYD fell back a bit while Tesla recovered most of lost ground, Nio and Xiaomi had strong deliveries, and LI once again beat AITO (-/+/+/-/+)
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