Daily Brief Financials: Power Finance, Bitcoin, S&P/ASX 200, Soybean Oil Active Contract, Numis Corporation and more

• Steady and strong profit is the key features of Power Finance and this is improving during FY24.
• ROA expansion can continue to reach and possibly surpass the peaks of FY15 and FY16 with loan volume, contained costs, better credit metrics.
• Recent quarterly data shows better loan volume and financial assets expanding more than financial liabilities, with credit costs in reverse.

• Everyone is buzzing with anticipation, predicting a highly favorable year for crypto.
• The general sentiment in the market suggests that 2024 will be a memorable year, drawing parallels to the positive environments witnessed in 2017 and 2021.
• The crypto landscape was overshadowed by the dramatic collapse of FTX in November 2022, making 2022 end on a rather bleak note. 

• The S&P/ASX 200 INDEX is oversold, currently down for 2 weeks (actually the second week down has just started), it has good chances to bounce this week.
• The best set up would be: index closing the week down at the end of this week: GO LONG at Close (or at any high probability support level reached intra-week).
• A reprise of the rally should last into the end of January (or longer).

• We all know about China’s importance in global trade as it is the single most important importer of many key commodities and raw materials.
• This great chart by S&P Global highlights this once again.
• Meanwhile, this importance could at least top out over the next couple of years – as the demographic problem really hits the country.

Edison Investment Research is terminating coverage on Kinarus Therapeutics (KNRS), Numis Corporation (NUM), EMIS Group (EMIS), Pixium Vision (PIX) and Treatt (TET). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via website