In today’s briefing:
- A/H Premium Tracker (To 17 Jan 2025): AH Premia Fall Further, Lowest Avg Premium in 5yrs
- HK Connect SOUTHBOUND Flows (To 17 Jan 2025); Again Big Net Buying by SB, Again on Tech
- Can Alphabet Come Even Remotely Close To Dethroning OpenAI In 2025?
- Plexus Corporation: Regional Expansion & Manufacturing Wins As A Pivotal Growth Enabler! – Major Drivers
- TD SYNNEX: The Top 7 Factors Influencing Its Performance In 2025 & Beyond! – Major Drivers
A/H Premium Tracker (To 17 Jan 2025): AH Premia Fall Further, Lowest Avg Premium in 5yrs
- AH Premia are lower over the last few weeks of holiday and this past week of heavy SOUTHBOUND buying on telcos, banks, brokers, insurers, tech, and airlines.
- The average AH Premium across all pairs is now the lowest it has been in five years.
- The VERY WIDE Tech spreads bifurcated. SMIC (981) and Shanghai Fudan Microelectric (1385) both continued strongly. China Rail Signal (3969) and Flat Glass (6865) widened again.
HK Connect SOUTHBOUND Flows (To 17 Jan 2025); Again Big Net Buying by SB, Again on Tech
- SOUTHBOUND gross trading activity was again not stronger per day than the previous several weeks, but SB Net Buying was again BIG. Given the change in Tencent, remarkable even.
- The story was follow-through, but SMIC and Xiaomi were also big buys. This is shaping up to be a “let’s buy what US Persons cannot” moment.
- No sectors saw net selling through CCASS data five days to Weds. Top 10 activity was quite concentrated this week. Very few stray names.
Can Alphabet Come Even Remotely Close To Dethroning OpenAI In 2025?
- Alphabet, the parent company of Google, has long been a pioneer in artificial intelligence, with a history of groundbreaking research and innovative technologies.
- Yet, the company finds itself struggling to close the gap with OpenAI, the leader in generative AI.
- In 2024, Alphabet doubled down on its AI efforts with the rollout of its Gemini chatbot, positioned as a direct competitor to OpenAI’s ChatGPT.
Plexus Corporation: Regional Expansion & Manufacturing Wins As A Pivotal Growth Enabler! – Major Drivers
- Plexus Corporation has demonstrated significant progress in its fiscal fourth-quarter 2024 results, reflecting both operational strengths and some challenges faced by the company.
- The company’s revenue for the quarter was robust, reaching $1.05 billion, which surpassed the guidance range and was driven by stronger demand across various market sectors.
- The aerospace and defense, as well as the healthcare/life sciences sectors, contributed significantly to this performance.
TD SYNNEX: The Top 7 Factors Influencing Its Performance In 2025 & Beyond! – Major Drivers
- TD SYNNEX Corporation’s fourth quarter and full fiscal year 2024 earnings highlight a mixed performance with both positive and negative aspects for investors to consider.
- During the fourth quarter, TD SYNNEX experienced a 10% year-over-year revenue increase, with gross billings up by 7%, which surpassed the company’s internal expectations.
- This growth was largely spurred by strength in the Endpoint Solutions, driven by robust demand for PCs, as well as double-digit growth observed across its cloud, cybersecurity, and data and analytics portfolios.
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