In today’s briefing:
- Korea Exchange Launches the Disclosure of Corporate Value Up Program on KIND System
- China’s Housing Market: Heading Closer Towards an Eventual Bottom
- How to Spot A Market Top
- Inflation Moderation?
- Global Commodities: Gas be nimble, gas be quick…but there will be repercussions
- Steno Signals #101 – Introducing the Washington DC Crypto Put!
Korea Exchange Launches the Disclosure of Corporate Value Up Program on KIND System
- The Korea Exchange introduced the Corporate Value Up program on the KIND website. This is a voluntary system aimed at boosting the corporate value of listed Korean companies.
- Five key investment indicators for the 2,400+ listed Korean companies include PBR, PER, ROE, dividend payout, and dividend yield. The detailed data these indicators can be easily downloaded on excel.
- Corporate Value Up program is a marathon, not a sprint. In this race, the runners (Korean companies) also need some water (such as improvements to dividend/corporate income tax policy).
China’s Housing Market: Heading Closer Towards an Eventual Bottom
- Beijing has announced a range of measures to stabilise China’s housing market, including dealing with unsold inventory through government purchases and boosting demand via lower mortgage downpayments.
- A return to the 2016-2020 boom in housing activity is unlikely, while an extended L-shaped period of healing appears to be a plausible baseline scenario.
- Improvement in homebuyers’ confidence will be crucial in achieving a market bottom, particularly lower concerns about the financial health of developers and non-delivery risks for new homes.
How to Spot A Market Top
- We are not overly concerned about the capitulation of a prominent Wall Street bear on an intermediate-term basis.
- Stock prices are advancing on stable interest rates and continued economic and earnings growth.
- However, the stock market is showing some signs of bullishness exhaustion and it’s vulnerable to a short-term pullback.
Inflation Moderation?
- Key data releases in the upcoming week include PMI data from China, CPI data from Tokyo and Australia, GDP data from India, and Industrial production data from Korea
- US core PCE inflation data forecasted to be 0.252% for April, indicating a possible slowdown in inflation
- Fed expected to delay easing cycle start until September, with recent data showing signs of slowing growth and consumer sector cracks
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
Global Commodities: Gas be nimble, gas be quick…but there will be repercussions
- Market fears production return will impact prices, with Wood McKenzie predicting increase in June production
- Northeast, Permian, and Haynesville expected to see production rebound in the coming months
- Price rally in US market driven by short summer positions, but weather will play a key role in price movements, with heat expected in the coming days potentially mitigating any retracement
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
Steno Signals #101 – Introducing the Washington DC Crypto Put!
- It’s been a break-through week for Crypto bros in many ways.
- First, the SEC made a massive u-turn and approved the spot ETH ETF and then Donald Trump fully endorsed the crypto space in his speech at the Libertarian Party forum over the weekend.
- Crypto has broken through to K-street and on top of the obvious positive side-effects, a BTC or an ETH is now becoming a politicized asset.
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