Thematic (Sector/Industry) Archives | Page 39 of 116 | Smartkarma

• US stocks soared to record highs on Friday, capping off their best month in a year.
• Chubu Electric Power Company’s Chairman urged the Japanese government to maximize nuclear power utilization in its upcoming Strategic Energy Plan
• Denso and Fuji Electric will jointly invest $1.4bn in producing energy-efficient silicon carbide power semiconductor devices for EVs in Japan

• US semi-cap names jump as markets delayed pricing in report China restrictions will be tempered.
• Shiseido restructuring briefing the numerical targets enough to stem the bleeding?
• TGA around the corner should see focus on Japanese game developers, including Nexon which has been heavily sold post earnings.

• China’s booming demand for physical products based on media intellectual property (IP) is increasingly reflected in the stock market, where related stocks have become a hot topic among investors.
• These products, known in Chinese as “guzi” (谷子) — a transliteration of the English word “goods” — are based on IP from comics, anime, TV dramas and computer games.
• Their prices vary widely.

• Celltrion outlined mid- to long-term business outlook. European Patent Court has dismissed injunction against Eoflow. Lunit partnered with Salud Digna, one of Mexico’s largest healthcare chains.
• China has accepted Hansoh Pharma’s fifth indication approval application for Ameile. Sichuan Kelun-Biotech received marketing authorization in China for the first domestically developed TROP2-directed ADC sacituzumab tirumotecan.
• Eisai launched Leqembi in South Korea. Dr. Reddy’s launched new biologic drug, toripalimab in India, for the treatment of nasopharyngeal carcinoma. Aster DM is merging with Quality Care India Limited.

• The Japanese stock market posted a muted performance this week, with the Nikkei 225 slipping 0.2% and the Topix declining 0.6%
• The yen strengthened by 4.5 yen against the dollar, closing at its highest level in over two weeks
• Sector-Wise, Textiles (+5%) led the market this week, with Wacoal (+8%), Goldwin (+4%) and Asics (+5%) all performing well.

• Deregulation’s Green Energy Boost: Reduced federal oversight could accelerate innovation in renewables as corporations and markets drive sustainability efforts independently of government policies.
• Tariff-Induced Deflation Risks: Disrupted global supply chains and demand destruction from tariffs may lead to deflationary pressures rather than the widely expected inflation.
• Rise of Privatized Services: Tax cuts could act as a gateway to increased privatization of government services, shifting more essential functions like education and law enforcement to corporate control.

• Listed corporate capex is experiencing a surge, exceeding the previous cycle peak and mirroring the pre-boom phase of 2001-2004.
• Government capex is poised to accelerate, particularly in the second half of FY25, fuelled by election-related spending patterns.
• India’s investment rate is nearing a decadal high, reflecting a strong appetite for capital expenditure across various sectors.

• AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of NOK51 per share: Water inflow from a small interval in Welchau deeper formation.
• Continuing well test up hole – Two intervals in the Steinalm formation (1452.5 m-1463.5 m and 1474.5 m-1480 m MD) were tested at a stable rate (natural flow) of 240-290 bbl/d of drilling mud, likely contaminated formation water and some oil traces.
• Gas was initially observed at surface.

• LI US/1211 HK/1810 HK/XPEV US/NIO US/9863 HK/ZK US:In the 47th week of new energy vehicles, LI and BYD were impacted by new new forces. (////////////)
• 1211 HK:BYD Requests Suppliers to Reduce Prices by 10% in 2025.(+)
• 1810 HK/JD US: Jiangsu Province Expands Consumer Subsidy Scope, Adding 27 Product Categories Including Mobile Phones and Laptops.(+/+)

• NTES US: NetEase Denies Full Staff Layoff at Shenzhen Game Division, Clarifies It’s a Product-Specific Adjustment (/)
• NTES US: NetEase officially Named Their Urban Open-World RPG <Project Mugen> as <Ananta> (+)
• NTES US: NTES US: NetEase Closes Overseas Studio “Worlds Untold” (/)

• Following a review, Just Eat TakeAway.com (“JET”) has decided to delist its shares from the London Stock Exchange (LSE).
• This in order to reduce administrative complexity, costs, and address low liquidity and trading volumes.
• The company has requested the FCA to cancel its LSE listing and the LSE to remove the shares from trading.

• InPost | Allegro signs 5 years’ contract with DHL as an Allegro Delivery service partner
• Yesterday, Allegro announced to have signed a contract with DHL Poland extending the cooperation between the two companies that has been in place since 2022.
• The new agreement covers 1. Deliveries via DHL’s out-of-home network of automated parcel machines (“APMs”) and pickup drop-off points (“PUDOs”)

• United States stock markets will be closing early on Friday, Nov. 29 after being closed altogether on Thursday, Nov. 28, in observance of the Thanksgiving holiday
• Online sales in the U.S. during the first half of the Thanksgiving holiday increased by approximately 4%, surpassing last year’s 2% growth, as consumers take advantage of significant discounts.
• Toyota Motor reported global sales of 903,103 units in October, a 1% year-on-year increase and a monthly record.

• Semiconductors are the unsung heroes of the modern world. These tiny chips power everything from smartphones and laptops to cars, data centers, and even advanced artificial intelligence systems.
• While the US has historically led in semiconductor innovation, China is rapidly trying to catch up. This competition has led to global push for self-sufficiency in semiconductor production.
• Countries worldwide are investing heavily in semiconductor production to reduce their dependence on foreign suppliers and gain a strategic advantage.

• Forget government pressure, will peer pressure help fast forward Korea Corp Value Up program? 
• Japanese shame game versus Korean pride of the chaebols ? 
• Heading into 2025 we are seeing major Korean companies come out with longer term shareholder return plans

• If anyone remembers, in the spring of last year, we had a banking crisis – multiple bank-runs that led to the some of the largest bank failures in US history.
• Sparked by the bankruptcy of FTX, Silvergate was first hit by a bank run before the subsequent panic-induced domino-closure of three highly reputable banks – Silicon Valley Bank (SVB), NY based Signature Bank and lastly, First Republic Bank.
• I still vividly remember the day, Peter Thiel “commanded his cronies” to pull their money out of SVB, ASAP; the stock gapped down bigly at opening and the rest is history.

• Following a review of its asset-based financing (“ABF”) activities, ~ABN Amro has taken the decision to materially reduce the international footprint of its ABF division.
• This will be accompanied by an orderly wind down of non-strategic client portfolios, especially in the UK, and a reorganisation in Germany.
• This strategic alignment aims to strengthen the position of the bank and ensure long-term profitability. 

• De Beers once had a monopoly in the diamond market, but now the industry is more of an oligopoly with major producers controlling a majority of global supply
• Diamonds are non-fungible assets with a complex pricing dynamic due to various categories and qualities
• Most diamonds are sold via contract, leading to less price volatility but allowing miners to adjust supply based on demand fluctuations

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• The election of Donald Trump with overwhelming majority changes the investment logic of our sectors and perhaps others. But besides acknowledging, what is actionable is the broad impact expected globally; 
• Thus the questions of whether Trump’s policies will be successful, become important: how flexible they are, what are the signposts and who stand to benefit and be hurt;
• Our standing assumption is that both MAGA and non-MAGA will claim victory.  We are assuming quality executions from the Trump team but the odds of achieving is still daunting.

• Inflation concerns weighing on sentiment after October’s Personal Consumption Expenditure (PCE) data showed a 2.3% annual increase, up from 2.1% in September
• Dell Technologies and HP led declines among tech stocks. Dell slid 12.3% after mixed earnings and caution about gradual AI adoption
• Sumitomo Corp is exploring a bid for Seven & i Holdings’ York Holdings, a business encompassing supermarket and retail chains

• Chinese government launched a special regulation to address algorithm of major Internet platforms, outlining 21 rectification requirements, which impacted Meituan, TRIP.com, and social media companies;
• However, The rectification measures focused mostly on user operation, algorithm registration, and compliance, with an aim to strengthen government control over public opinion, but not on monetization;
• We maintain that Chinese government needs the Internet platforms to boost consumption and employment, as manifested by Premier Li Qiang’s recent labeling  of Internet as New Quality Productivity Force.

• HP and Dell misses after-mkt yesterday setting off a wave of tech selling.
• MSFT under antitrust scrutiny from the FTC raising concerns AI demand is too focused?
• Panasonic briefing on AI continues to point to strong growth for its DC related server and power management solutions.

• Lacklustre numbers for both Dell and HP show tapering demand for PC’s.
• Keisei Electric Rail snubbing Murakami with another 1% Oriental Land sale?
• Nikon analysts meeting does little to clarify the intentions of EssilorLuxottic’s 8.45% stake.

• U.S. stocks surged on Tuesday, undeterred by President-elect Donald Trump’s tariff warnings aimed at China, Canada, and Mexico. The S&P 500 increased by 0.6% – a record close
• Japanese firms on the TSE are set to distribute around $53 billion in dividends to shareholders by December, which could potentially elevate stock prices as these funds are reinvested.
• Japanese PM Shigeru Ishiba urges companies to propose significant wage hikes during labor talks to address rising costs and increasing welfare expenditure pressures.

• 3690 HK: China Cyberspace Administration Launches Initiative to Address Algorithm Issues(/)
• BABA US/PDD US/JD US: Alibaba integrates its domestic and international e-commerce business under Jiang Fan (+/-/-)
• TCOM US: China Implements Visa-Free Entry for Citizens from Japan and 8 Other Countries, Extends Stay Duration to 30 Days (+)

• TSLA US: Model Y Price Reduced by RMB 10,000 In December (-)
• LKNCY US :  Starbucks Considers Selling Its China Business. (+)
• ZTO US: Parcel volume delivery grew 33.6% yoy in the prior week (+)

• India’s quick commerce sector is rapidly growing, with a 2024 market value of $3.34 billion  
• The report deep dives into How quick commerce is shaping grocery landscape in India
• This will also take you through how its impacting FMCG companies.

• We review last week’s biopharma news for meaningful clinical data, regulatory updates, research innovation, and M&A.
• Last week, the CDC and CMS picks aligned with President- elect Donald Trump’s agenda, while the FDA choice felt like a compromise.
• NTLA had competitive biomarker data in ATTR-CM but was still behind ALNY and BBIO (approved late Friday). 

• As earnings season drew to a close, it was the Home Goods Retailers, led by WSM, that grabbed investors’ attention.
• The Water Tower Research Commercial/Contract Furniture Index was up 2.2%, the Residential Manufacturers & Suppliers Index was up 0.7%, the Home Goods Retailers Index was up 16.5%, and the Mass Retailers Index was down 0.1% for the week.
• The S&P 500 and DJ30 were both up 1.3%, while the R2K was up 4.3%.

• Markets rallied as traders welcomed Donald Trump’s nomination of hedge fund veteran Scott Bessent for Treasury Secretary
• Elliott Management, an activist shareholder, has reportedly sold its stake in DNP
• Fast Retailing reaffirms its commitment to China, despite global decoupling trends.

• Tech strong despite market rotating out of NVDA, with EV related gaining on Cali plan.
• Home builders surge on Bessent’s nomination; expect a strong follow through for JP related plays.
• Activists are on the hunt in Japan – how long before someone starts building a stake in Kyocera?

• Overall, the outlook for corporate earnings in India remains challenging, with downward revisions in key financial metrics and sectors. 
• The weak performance in Q2 highlights the impact of various economic factors on company profits. Some positive signs such as expected govt spending & improved rural demand, could boost H1FY25
• The current valuation of the Nifty and broader market suggests that there may be limited upside potential in the near term.

• The NDA’s landslide victory in Maharashtra has ushered in a period of political stability, boosting market sentiment and investor confidence. This will increase government spending on infrastructure & rural development.
• Analysts predict a modest recovery in corporate earnings in the second half of the fiscal year, potentially triggering a “mini risk-on rally”. 
• While women-centric welfare schemes contributed to the NDA’s success, concerns arise regarding their potential strain on state finances. 

• We highlight 10 stocks in China that look interesting to us based on our FVMR Methodology
• Portfolio changes: Three stocks remain, seven new join the fray
• Since inception, it has gained 172% versus the CSI 300 Index’s return of 62%

• Overall, the declining HHI across various investor categories in the Indian securities market indicates a positive trend towards diversification and broader exposure. 
• This shift towards mid- and small-cap stocks suggests that investors are seeking growth opportunities amidst high market valuations. 
• The net outflows from FPIs, particularly concentrated in the top 100 stocks, indicate a shift in investment focus towards smaller companies. While sectoral analysis reveals disparities in concentration.

• We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
• Portfolio changes: Seven stocks remain, seven new join the fray
• Since inception, it has gained 126% versus the SET 100 Index’s return of 34%

• Higher Exchanges is a weekly cannabis-investing conversation hosted by WTR’s Head of Cannabis, Jesse Redmond, and Morgan Paxhia, co- founder of Poseidon.
• Those interested can listen to the podcast on Apple Podcasts, Spotify, or X Spaces.
• This week’s podcast began with an analysis of Green Thumb Industries’ (CSE: GTII, OTCQX: GTBIF) investment and transformation of Agrify (NASDAQ: AGFY). 

• US stocks closed near session highs on Friday, with the Dow Jones surging over 400 points
• Japan has set a new target to reduce greenhouse gas emissions by 60% by 2035, up from the current 46% reduction goal by 2030.
• Seven & i Holdings’ founding Ito family is exploring a potential takeover of the retail group, approaching US private equity investors for support

• SMCI +11.6% has continued to surge higher lifting server related plays.
• Kirin’s partial sale of Kyowa Hakko Bio unlikely to met with much enthusiasm.
• Will a future test-time growth trajectory slowdown for Advantest dampen sentiment?

• Earnings surpassed consensus expectations providing no pullback to allow entry
• Most operating metrics improved and all trends are goign in the right direction
• Capital management is top of mind for management with a common thread of increasing ROEs and PBRs

• Samsung Biologics signs manufacturing deals worth over $668M with European pharmaceutical company. Celltrion is acquiring iQone Healthcare, a specialty pharmaceutical distribution company in Switzerland. Kyowa Kirin collaborates for leukemia drug.
• Takeda launched Hutchmed’s colorectal cancer drug Fruzaqla in Japan. FDA has turned down Astellas Pharma’s application for label update of geographic atrophy drug Izervay. Lunit is partnering with AstraZeneca.
• Yuhan is one step ahead for European approval of Leclaza. HK inno.N signs domestic supply contract for Roche’s influenza treatment, Tamiflu. Beigene settles litigation against generic filer of Brukinsa.

• Big Tech companies are already generating significant revenue from AI. Microsoft expects to reach $10 billion in AI revenue by the next quarter, making it their fastest-growing area.
• In the third quarter of 2024 alone Microsoft, Google, and Meta collectively spent over $42 billion on AI infrastructure, primarily on building data centers and purchasing computing equipment.
• Companies are projecting continued high spending on AI into 2025 to meet growing demand. However, challenges remain, including supply constraints for AI chips

• India is experiencing a slowdown in capital expenditure (capex), both in the government and private sectors. This slowdown, largely attributed to the general elections in the Q1 of FY25.
• The central government has set an ambitious target of 50.5% capex growth in the second half of FY25 to compensate for the sluggish first half.
• The capex slowdown has resulted in reduced investment in crucial infrastructure projects, impacting key sectors such as defense, roads, and railways.

• Singapore domestic credit growth is expanding upward over several months, where there are positive implications for net interest income growth
• Growth of local loans was negative YoY in past months last year, so the delta pick up of net interest income can be strong
• Accelerating growth likely means better credit metrics, and this is what MAS data shows too; this means that credit costs can come in, improving profit growth

• The Japanese stock market experienced a lacklustre week, with the Nikkei 225 and Topix indexes closing lower by 0.9% and 0.6%, respectively
• Kadokawa’s stock surged 42% this week following a Reuters’ report that Sony is in advanced talks to acquire the company
• Tokyo Gas shares rose 19% after Elliott Investment Management disclosed a 5.03% stake in the company

• ADX Energy (ADX AU) C : Portion of deeper target at Welchau flows water on test – Two intervals (total of ~16 m) in the Steinalm formation were tested at a stable rate (natural flow) of 240-290 bbl/d of drilling mud, likely contaminated formation water and some oil traces.
• Gas was initially observed at surface. While the achieved flow rate highlights the high permeability of the natural fractures, the absence of hydrocarbons is disappointing and surprising given the results of the logs, the inflow of gas while drilling, the analysis of the retrieved cores (with indication of hydrocarbons) and the fact that oil samples were recovered from this interval.
• The well is now being flowed while ADX is running a downhole production logging tool to analyse the contribution of the various sections of the well to flow. 

• Total public EV charging stations (incl. temporary unavailable locations) were 73,535 as of October 30, 2024. Compared to the end of FY23, it is an increase of 13.8%.
• Total EVSE charging ports (including the temporary unavailable ports) were 202,179, up nearly 20.1% compared to the end of 2023 and up 2.6% over September 2024.
• US considerably lags behind China which had 3.39 million public charging stations at the end of October 2024.