Thematic (Sector/Industry) Archives | Page 38 of 116 | Smartkarma

• Korea’s impeachment drama hit a tipping point, with the second motion against Yoon set for a vote on the 14th, and the market pricing in a 100% chance of approval.
• The market’s all-in on a Democratic Party win in May, as public sentiment against the president makes the ruling party’s chances virtually non-existent.
• Target stocks impacted by corporate law changes, then focus on sector-specific plays, particularly the energy policy shift and growing support for virtual assets.

• The Nasdaq Composite surpassed 20,000 points for the first time, gaining 1.77% to 20,034
• Japan’s government plans to propose corporate tax hikes starting April 2026 to fund increased defense spending, aiming to double its defense budget to 2% of GDP by 2027
• Coincheck Group, a subsidiary of Monex Group, has completed its listing on the Nasdaq Global Market under the ticker symbol “CNCK”

• The Indian textile industry is poised for robust growth due to  confluence of factors, including the “China+1” strategy, instability in competing markets like Bangladesh and Vietnam, and supportive government initiatives.
• This has led to India gaining market share in key export destinations, particularly in apparel exports to the US and the UK.
• Furthermore, Indian textile companies anticipate improved demand and margins, driven by factors like the end of the global inventory destocking cycle and the stabilization of cotton and yarn prices.

• China announces bolder stimulus for 2025, signaling more rate cuts and commodity prices surge
• Lundin Mining sells assets to focus on Vicuna project, raising questions on copper and zinc market dynamics
• Boliden acquires assets from Lundin, strengthening their position in the copper and zinc markets

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• A federal judge has blocked the largest supermarket merger in U.S. history, Kroger’s USD 24.6bn acquisition of Albertsons.
• U.S. District Judge Adrienne Nelson in Oregon issued a preliminary injunction, citing concerns the merger would reduce competition and harm consumers and workers.
• This decision refers the case to the Federal Trade Commission (FTC) for further review, significantly diminishing the deal’s chances of completion.

• The S&P 500 and Nasdaq Composite also fell around 0.3%. Alphabet shares surged over 5% following breakthroughs in quantum computing
• Nippon Life Insurance announced plans to acquire Resolution Life Group Holdings for $8.2 billion
• Oasis Management have increased their stake in Kao to over 5%. Previously they have engaged with the company: “A Better Kao”

• The gaming industry is evolving with a focus on AI integration and innovative game loops.
• Mobile gaming is expected to lead the way in terms of success and adoption in the coming years.
• Ecosystems like Ronin and exchanges are playing a significant role in shaping the gaming landscape, with a focus on UGC and innovative token distribution mechanics.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• JSW Steel Reports 5% YoY Production Growth Amid Financial Pressure.
• Vodafone Idea to Raise INR 1,980 Crore via Preferential Shares.
• Metropolis Healthcare to Acquire Core Diagnostics for INR 247 Crore

• UBER US/WRD US/BIDU US/9660 HK/XPEV US:Uber cooperates with WeRide in the United Arab Emirates. It previously cooperated with BYD for 100,000 EV’s. Is it using China to counter Tesla?.(/////////)
• NTES US: NetEase’s New Game <Marvel Rival> Reaches Over 10 Million Players Within 72 Hours of Launch (+)
• BABA US/PDD US: Taobao launches new treasure hunting mechanism for upcoming 12/12 sale to attract a younger cohort (+/-)

• 981 HK/1347 HK/NXPI US/TXN US/ADI US/ON US: China industry associations send warning over sourcing US chips (+/+/-/-/-/-)
• ACMR US: Limited impact from the addition of its subsidiaries to entity-list (/)
• ZTO US: Parcel volume delivery grew 32% yoy in the prior week (+)

• This note is a weekly (select weeks on SK) curated selection of Chinese news articles and company announcements focused on developers in distress
• We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
• We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to the sources

• US stocks retreated on Monday as Nvidia shares slid more than 2% following news of a Chinese antitrust probe
• Meanwhile, Chinese stocks listed in the US surged as Beijing’s move toward monetary policy easing boosted optimism.
• Japan’s economy expanded at an annualized rate of 1.2% in the third quarter, surpassing initial estimates and forecasts, driven by revised upward capital investment and export growth.

• US stocks mostly rose Friday as investors assessed November’s jobs report, which showed 227,000 jobs added and unemployment rising to 4.2%.
• This week’s market focus shifts to key inflation data, with the Consumer Price Index (CPI) releasing Wednesday and Producer Price Index (PPI) Thursday
• Earnings season continues with quarterly reports from notable companies: Broadcom (AVGO), Costco (COST), and GameStop (GME). 

• Eoflow Has been ordered by the U.S. Court to pay $452M as damages. Celltrion has submitted clinical trial application for CT-P44 (Darzalex biosimilar) to the FDA.
• Takeda Pharmaceutical entered into an exclusive licensing agreement to develop and commercialize a late-stage oncology drug candidate. Medipal and JCR Pharmaceuticals initiated the Phase I/II trial of JR-446 in Japan.
• SanBio has completed second production run for Akuugo suspension for intracranial implantation. Aurobindo Pharma’s U.S. arm Eugia has received final approval from the FDA to manufacture and market Pazopanib Tablets.

• Chinese clean-energy companies should increasingly look to Southeast Asia for its abundant resources and growing electric-vehicle (EV) market, experts said, as their prospects in Europe dim amid tighter regulations.
• Chinese companies’ overseas expansion was a key focus at the 2024 ESG and Sustainable Business Ecosystem Conference in Beijing on Friday, where entrepreneurs, investors, scholars and industry experts also explored how artificial intelligence (AI) could help China meet its dual-carbon goals, among other issues.
• “Southeast Asia … has both demographic dividends and rich natural resources,” said Zheng Wendan of Singapore advisory firm Alliance For Good, at the environmental, social and governance (ESG) event, organized by Beijing-based tech firm For Good and the China Business Journal.

• China’s EV sales surpassed ICE car sales for five straight months. From January to November 2024, EV wholesales totalled 11.2 million.  
• China’s EV sales reached a record 1.467 million units in November, marking 53% YoY growth and surpassing one million units for the fourth consecutive month. 
• China’s EV sales are projected to hit 12 million units in 2024, 48.1% YoY increase from 8.1 million in 2023. In 2020, only 1.1 million units were sold in China. 

• From January to August 2024, LNG trucks captured 42% of China’s heavy-duty truck market, up from 9% in 2022. This is expected to displace 8% of diesel demand this year. 
• China’s diesel demand dropped 11% YoY in H1 2024 and is expected to fall 2%-7% in H2, while LNG consumption is projected to rise 7.7% YoY in 2024.
• In 2023, LNG truck sales surged 307% YoY to 152,000 units, with sales up another 104% in H1 2024, driving an 8.7% increase in natural gas consumption. 

• Topix added 1.7%, driven by speculation that the Government Pension Investment Fund (GPIF) will increase its investment ratio in Japanese stocks
• Retail stocks notable performers this week as the TSE’s retail sector hit a year-to-date high, surging 21% since January
• Notable performers this week included Fujikura on street upgrades, Ito-en after announcing a new marketing campaign, and Ebara’s gaining recognition as a laggard

• Several companies in China’s semiconductor supply chain said new U.S. export restrictions aimed at crippling the country’s ability to produce advanced chips would have limited impact on their operations.
• The U.S. Department of Commerce on Monday added 140 companies, including 136 Chinese firms, to its Entity List, effectively banning them from accessing U.S. advanced chip and AI-related technology.
• The new rules also restrict exports of high-bandwidth memory, a core component for AI development.

• Why the 6 hour martial law in Korea was called by President Yoon
• The negative impact of the President’s decision is one of many reasons for Korea to underperform into 1h25
• Corp Value Up plays are still attractive; for those looking to short, you might have to wait longer

• AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; Target price of £0.08 per share: US$100 mm guarantees highlight the value of the South Africa energy trading business – British International Investment (BII) and GuarantCo have announced a US$100 mm guarantee finance facility for Etana Energy, the South African electricity trading platform which is owned and was co-founded by Chariot (49%) and H1 Holdings (51%).
• Etana is one of the few companies holding an electricity trading licence in South Africa that can buy and sell electricity through the grid.
• Etana is therefore a required counterparty to power producers.

• Political and regulatory uncertainty to start 2025. The pending health leadership in government will likely be the overarching theme for at least the first half of 2025.
• We have seen controversial Trump picks for the HHS, CMS, CDC, and NIH, bringing investor concerns over regulatory disruption and vaccine skepticism.
• The FDA pick was closer to a more traditional choice and could maintain current regulatory standards.

• U.S. stocks drifted lower on Thursday as investors await Friday’s critical jobs report
• Hewlett Packard Enterprise (HPE) surpassed Wall Street expectations in its fourth quarter, driven by strong demand for AI-powered servers and Nvidia processors
• NTT DATA aims to boost data center sales to $3.5 billion by March 2028, a 60% increase from its previous target

• China has boycotted sales of Gallium, Germanium, and Antimony, three important elements, to the US
• All three are used in the production of semiconductors, but in very small quantities.  They are also widely available from sources outside of China.
• The net impact of this boycott to the US semiconductor market should be negligible.

• Tech sell off led my semi-cap names after D/G to sell for AMAT
• Ulta beat paints a brighter picture for US consumer spending than expected
• Is the relentless buy momo/sell everything else in Japan ready for a reversal?

• TCOM US: United Airlines to Add Three China-U.S. Flights Next Year. Weekly Cap of 100 Flights Remains Main Constraint for China-U.S. Route Recovery(+)
• BABA US : 1688 launches SHEIN- like private-label brand. (+)
• BABA US/JD US/PDD US: Alibaba announced as e-commerce sponsor for 2025 CCTV Spring Gala (+/-/-)

• LI US/XPEV US/NIO US/1211 HK/TSLA US/ZK US:Electric vehicles delivered in the 48th week of 2024: LI and AITO stagnated, new new forces surged,while BYD and Tesla maintained moderate rise.(///////////)
• MNSO US /601933 CH: A brief comment on the recent stock rally(///)
• 981HK/ACMR US/1347 HK: Impacts of US semiconductor export controls. (-/-/+)

• Earnings results have differed in the recently concluded C3Q24. Performance ads in home electronics, 3C, auto, entertainment and travel have benefited from recovery in consumption; 
• Heading into C4Q24, we expect rebound in real estate to benefit property ads, and the continuing warm up in consumption to spread to e-commerce (apparel and cosmetics);
• We expect trade-in subsidies for home electronics and electrical vehicles to renew in C1Q25 and further stimulus to encourage consumption in travel and catering to be announced. 

• Pepper resource upgrade announced, significant increase in ounces and grade
• $220 million raised through equity offering, fully funding underground operations
• Comparison made between Northern Star’s investment in De Grey and potential acquisition of Spartan for investment banking analysis

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• US stocks surged on Wednesday, fueled by a tech rally, with all three major indexes reaching new record closes
• Marvell Technology surged 23% on Wednesday after its fiscal Q4 revenue forecast of $1.8 billion exceeded Wall Street’s expectations; strong AI outlook
• The Japanese government plans to streamline visa requirements for Chinese nationals, reducing application paperwork to boost cross-border exchanges

• Tech and semi’s continuing to favor AI over power/analog post Marvell and Microchip numbers.
• Worth paying attention to less known Japanese SPE Shibaura Mechatronics and the long lost Towa.
• US Homebuilders weak on concern over Trump’s plans to deport undocumented workers.

• Tiruppur’s knitwear exports rebounded with 13% growth in FY25 (April-August), signaling recovery after an 11% decline in FY24.
• Factories started operating at 95% capacity utilization vs 60-70% earlier.
• Bangladesh crisis and upcoming UK FTA giving huge business to indian textile exporter.   

• The incoming US administration has repeatedly indicated that it will favor policies that support US oil and natural gas supply growth.
• Policies will likely include regulatory changes to increase access to onshore and offshore federal leases and streamline the permitting process for new wells and offshore facilities.
• We also expect the administration to streamline the permitting process for new interstate transmission pipelines and LNG export facilities. 

• Microchip setting a downbeat tone for power and auto semi related.
• Big gains for JP SPE yesterday on China news may be set to continue.
• Seagate delaying some HDD production, although HAMR is progressing as planned.

• US stocks closed mixed on Tuesday as the S&P 500 and Nasdaq hit fresh records amid mixed economic signals
• Job openings unexpectedly rose to 7.74 million in October, while Fed officials hinted at potential rate cuts.
• Microchip Technology (-7%) has revised its quarterly revenue guidance downward to $1.025 billion and plans to close its Arizona manufacturing facility by September 2025.

• India’s Q2 FY25 GDP growth fell to 5.4% YoY, the lowest in seven quarters, signaling mounting economic challenges.
• Weak private consumption, sluggish investment, and subdued exports contributed to the slowdown. Manufacturing underperformed while agriculture and services provided some resilience.
• The slowdown underscores vulnerabilities in consumption and investment cycles. Targeted policy measures are critical to sustaining long-term growth amid rising inflation and global uncertainties.

• BIDU US: Baidu Receives Hong Kong Autonomous Driving Taxi Pilot License (/)
• SE US/MELI US/BABA US: Brazil e-commerce penetration rate rises 6.8ppts yoy during Black Friday (+/+/+)
• SE US/BABA US: Shopee to raise commission rates in Philippines (+/+)

• The South African listed property sector returned to positivity in November, rising by 1.69% (unfortunately Q4 2024 to-date remains negative at -1.05%).
• For the year to date the sector is up 28.37%, and on a one-year rolling period the index is up 43.85% as measured by the J803 All Property TR Index.
• SA listed property remains ahead of global listed property for 2024, with the FTSE EPRA Nareit Global Index’s TR of 3.48%, lagging the J803 TR Index by 18.99% in ZAR.

• BEKE US: Property Transactions Remained Strong in November, with Accelerated Growth in the Final Week.(+)
• BZ US/3690 HK/TCOM US/ATAT US: Manufacturing PMI Slightly Exceeds Consensus in November, While Service PMI Falls Below; Hiring Intentions Remain Low.(-/-/-/-)
• ZTO US/ BABA US/VIPS US: China parcel volume delivery grew 40% yoy in the prior week (+/+/+)

• U.S. stocks opened December with mixed results as the Nasdaq and S&P 500 hit record highs
• Super Micro Computer’s (+28%) stock rebounded after an external investigation found no financial misconduct
• Stellantis (-6.2%) announced CEO Carlos Tavares’ immediate resignation, more than a year ahead of schedule

• US semi-cap names continuing to jump on looser US restrictions than expected.
• See attached table for short interest levels for Japan SPE plays.
• Gelsinger out and uncertainty up, although JP suppliers will see minimal reaction.

• This is a very light note, given time constraints. It’s rumored that on Monday, we will have new export controls, which seem to be massively light.
• Importantly, they are going to exclude CXMT altogether.
• History is a pretty good guide. Almost every single export restriction has led to bad returns prior, bad returns on the week off, and positive returns almost 100% of the time 6 months after for SOXX. This applies doubly to Semicap.

• We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
• Portfolio changes: Five stock remains, nine stocks added into portfolio
• Since its inception, it has generated a before-fee total return of 193% versus the MSCI Asia ex Japan of 89%

• We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR Methodology
• Portfolio changes: Three stocks remain, and 11 stocks added into portfolio
• Since its inception, the portfolio has generated a before-fee total return of 259% versus MSCI ASEAN’s 44%

• AI’s evolution is poised to revolutionize industries and economies globally, with potential for job transformation and economic growth.
• The build-out phase of AI is benefiting companies in sectors like chip producers and data center architecture, with opportunities expanding into adoption and transformation phases.
• Investors can position themselves for success by taking an active approach, seeking expertise and identifying promising opportunities in the AI space for long-term growth and value gains.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• We review last week’s biopharma news for meaningful clinical data, regulatory updates, research innovation, and M&A.
• The short holiday week saw another controversial name picked for NIH head, PSTX was acquired by RHHBY, AMGN underwhelmed with obesity data, and Medicare proposed to cover LLY and NVO obesity drugs.
• In addition, SRPT filled its pipeline with ARWR assets, BHVN’s poor SMA results benefited SRRK, and MRK expanded its PAH drug benefit.

• The WTR Sustainable Index was up 1.3% W/W versus the S&P 500 Index (up 1.1%), the Russell 2000 Index (up 1.2%) and the Nasdaq Index (up 0.7%).
• Energy Technology (14.1% of the index) was up 1.4%, while Industrial Climate and Ag Technology (47.7% of the index) was down 0.1%, ClimateTech Mining was up 2.5%, and Advanced Transportation Solutions (20.7% of index) was up 3.0%.
• Top 10 Performers: OPTT, KULR, ALLIF, ACHR, BLDE, FCEL, INVZ, EGT, AMMP, NRGV