In today’s briefing:
- Rakuten Bank (5838 JP) – Introduces a Yutai Program to Goose the Mar24 Price, Mar25 EPS
- Big Returns on Small Investment – A Unique Special Situation in Indiabulls Housing
- EQD | S&P/ASX200 Stalled, SHORT Opportunity
- HSBC Takes $3 Billion Charge on BoCom Holdings
- Crypto Crisp: Finally, Uniswap
Rakuten Bank (5838 JP) – Introduces a Yutai Program to Goose the Mar24 Price, Mar25 EPS
- The Rakuten Bank offering in early December was a great time to buy the dip of you sold end-September. It should have been a good time to buy outright.
- Unfortunately, the stock priced at ¥2,470, then closed that day at ¥2,500. That was the high for the next ten weeks. Two weeks later it was 20% lower. Ouch.
- But it climbed out of the abyss, gained 35% in 8wks, then Thursday the Bank announced a new Shareholder Benefit program. Today the stock was +7%. Worth looking at details.
Big Returns on Small Investment – A Unique Special Situation in Indiabulls Housing
- Indiabulls Housing’s Right Issue offers a unique opportunity to earn higher returns on smaller investment.
- Indiabulls Housing is at the cusp of a turnaround: detaching its old identity maligned by various governance issues
- Turnaround + Special Situation Bet – A potential opportunity to make outsized returns owing to the lower initial investment requirement in a company undergoing significant turnaround
EQD | S&P/ASX200 Stalled, SHORT Opportunity
- The ASX 200 INDEX closed last week down, and this week is barely up, it has been flat for 3 weeks and its direction is unclear.
- The index may be preparing for a pullback, even though our models at the moment are not flashing yet the “go SHORT” signal. Covering LONG holdings may be wise.
- Wait for prices > 7670 or the end of this week, if the index closes the week up, to increase the probability of success for a SHORT Trade.
HSBC Takes $3 Billion Charge on BoCom Holdings
- HSBC Holdings Plc Wednesday reported a $3 billion write-down on its stake in a Chinese bank, underscoring challenges the British lender faces in one of its key growth markets.
- Europe’s largest bank by assets took a charge on its 19.03% holding in Bank of Communications Co. Ltd. (601328.SH +1.41%), one of China’s biggest state-owned banks, after a reassessment of the accounting value-in-use, the bank said in a release of its fourth quarter financial results.
- The reassessment compared the future cash flow from the asset, discounted for underlying risk, with the stake’s carrying value, which measures the cost of the asset minus depreciation factors.
Crypto Crisp: Finally, Uniswap
- Ethereum has surged past the 3,000 ETH/USD mark, now trading at 3,050 ETH/USD.
- This increase is mainly driven by the intensifying anticipation over the potential launch of an Ethereum spot ETF, along with Ethereum’s recent breakout from a months-long period of underperformance compared to Bitcoin.
- Over the last week, Ethereum has seen an 8% increase relative to Bitcoin, with the latter seeing less net inflow into exchange-traded products than the week prior.
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