In today’s briefing:
- Everybody Wants Bitcoin!
- The Week That Was in ASEAN@Smartkarma – Rationalizing Grab, Bank Rakyat Rising, and Big C Retail IPO
- EM BY EM #10 2021 in Reverse: Will EM Central Banks Outsmart DM’s Once Again?
- Soybeans Spike Due to Weather Worries – The Credit Crunch Isn’t over Yet
Everybody Wants Bitcoin!
- BlackRock is feeding Bitcoin animal spirits. The last time the SEC rejected a product offering from the ‘inventor’ of iShares was in 2014. BlackRock has a success ratio of 99.8%.
- The SEC’s main objection to approving a physical Bitcoin ETF has always been ‘price manipulation.’ Hence, BlackRock has entered a ‘surveillance-sharing’ agreement with Nasdaq
- We updated our Bitcoin as a gold-like insurance premium scenario analysis to provide estimates about Bitcoin’s future price.
The Week That Was in ASEAN@Smartkarma – Rationalizing Grab, Bank Rakyat Rising, and Big C Retail IPO
- The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across South East Asia.
- The past week saw insights on Grab Holdings (GRAB US), Bank Rakyat Indonesia (BBRI IJ), Big C Retail IPO, JMT Network Services (JMT TB), and Thonburi Healthcare Group (THG TB).
- There were also insights on Indonesian property, South-East Asian Plantations, Ace Hardware Indonesia (ACES IJ), and leading Indonesian diagnostic player Prodia (PRDA IJ).
EM BY EM #10 2021 in Reverse: Will EM Central Banks Outsmart DM’s Once Again?
- EM’s were the first movers in this hiking cycle that is coming to an end
- We think there is a decent chance they will be ahead of the curve once again
- But this time around it will probably be the commodity exporters who cut rates first
Soybeans Spike Due to Weather Worries – The Credit Crunch Isn’t over Yet
- Soybeans spike due to weather worries The worst U.S. Midwest drought since 2012 expanded over the past week despite mild temperatures as a lack of rain across the heart of the American farm belt threatened newly seeded crops.
- Below-average rainfall and high winds also exacerbated drought conditions in many regions.
- In the early growing stage of the crops, drought can be compensated by more rain in the later stages.
💡 Before it’s here, it’s on Smartkarma
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