In today’s briefing:
- China Traditional Chinese Medicine (570.HK) – The Privatization Rumor and the Outlook
- Taiwan Tech Weekly: Broadcom Results Provide Some Signs of Strength, Hon Hai Facility Ends Lockdown
- Yokogawa Electric (6841 JP): Carbon-Neutral Industrial Park & Green Hydrogen
- REIT Watch – Healthcare S-Reits capture Japan opportunities with expanding footprint
- Wilmar, Wee Hur and TCA chairmen add to their stakes
China Traditional Chinese Medicine (570.HK) – The Privatization Rumor and the Outlook
- China TCM’s privatization rumor led to large fluctuation of its share price last week. Since there have been related rumors twice, this may not be completely over yet.
- China TCM’s performance may not rebound quickly due to short-term challenges in concentrated TCM granules business.
- However, the decline in the revenue side could be a temporary phenomenon. After a difficult period, if the Company’s business could recover as expected, share price would rebound.
Taiwan Tech Weekly: Broadcom Results Provide Some Signs of Strength, Hon Hai Facility Ends Lockdown
- Broadcom FY22 results indicate strength in data centers, telco infrastructure, enterprise IT spending.
- Hon Hai’s Zhengzhou facility ends closed-loop operations, returning to a more normal state.
- U.S. asking Japan to have its firms comply with U.S. chip restrictions on China.
Yokogawa Electric (6841 JP): Carbon-Neutral Industrial Park & Green Hydrogen
- Yokogawa is diversifying with integrated controls systems for green hydrogen plants in the Netherlands and Australia and a carbon neutral industrial park in Japan.
- Holland Hydrogen I, the YURI hydrogen project and the Goi and Soga Complex take the company beyond oil, gas and petrochemicals.
- Based on long-term energy and environmental priorities, these projects should be immune to recession.
REIT Watch – Healthcare S-Reits capture Japan opportunities with expanding footprint
- Healthcare S-REITs capture Japan opportunities with expanding footprint Both ParkwayLife Reit (37.1 per cent of its asset value) and First Reit (22.8 per cent of its assets under management) have significant exposure to Japan nursing homes and healthcare-related properties through recent acquisitions.
- First Reit now has 14 out of its 32 Asian healthcare assets in Japan nursing homes which are operated by five independent and experienced nursing home operators.
Wilmar, Wee Hur and TCA chairmen add to their stakes
- FOR the five trading sessions that spanned Dec 2 to 8, the Straits Times Index (STI) declined 7 per cent, with the Hang Seng Index gaining 3.7 per cent and the FTSE Bursa Malaysia KLCI slipping 1.6 per cent.
- Overall, institutions were net sellers of Singapore stocks for the five sessions ended Dec 8 with S$359 million of net outflow.
- A married deal on Dec 5 saw Wee Hur Holdings executive chairman and managing director Goh Yeow Lian acquire one million shares at 20 cents per share, increasing his total interest from 44.41 per cent to 44.52 per cent.
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