In today’s briefing:
- Japan Watch: Markets Are Unprepared for BoJ Action
- The Week That Was in ASEAN@Smartkarma – Siloam International Intl Hospitals, Bank Rakyat, and MrDIY
- Positioning Watch: Who Blinks First?
- Energy Cable #44 – Energy as a Diversifier + JPY Focus
Japan Watch: Markets Are Unprepared for BoJ Action
- It is time for one of the most important Bank of Japan meetings in decades.
- Markets remain unprepared for a move, despite the pre-warning of a higher inflation forecast. Here is our preview!
- It is a no-brainer for the BoJ to increase the inflation forecast given how firm inflation has been relative to forecasts, but the big question is whether it matters for the policy decision? The short answer is yes.
The Week That Was in ASEAN@Smartkarma – Siloam International Intl Hospitals, Bank Rakyat, and MrDIY
- The past week saw insights on Siloam International Hospitals (SILO IJ), Bank Rakyat Indonesia (BBRI IJ), MR DIY (MRDIY MK), UOB (UOB SP), and Singapore Airlines (SIA SP)
- There were alos insights on the Malaysian economic outlook, Vinfast, the LQ45 Index rebalance, Japfa Comfeed Indonesia, Lippo Malls Indonesia Retail Trust, and Medco Energi (MEDC IJ).
- 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 Southeast Asia.
Positioning Watch: Who Blinks First?
- Hello, everyone, and welcome to our weekly Positioning Watch! I’m certain that our dedicated readers have noticed the absence of last weekend’s edition, but fear not, we’re back with a vengeance today! Typically, we release Positioning Watch every Saturday.
- However, we’ve observed that many of our readers actually prefer to peruse it on Mondays so why not add everything that may occur in a weekend?
- Therefore, we’ve decided to shift our release schedule to every Monday.
Energy Cable #44 – Energy as a Diversifier + JPY Focus
- Take aways: Correlation in the electricity and natural gas markets in Europe is increasing. Could energy stocks and commodities be the new diversifier?
- JPY should be even weaker considering Nat Gas flows. This week an interesting development in the correlation between electricity prices and natural prices caught our attention as seen in the below chart.
- Over the last 3 years we have seen the correlation between the two move higher and higher to a point where electricity prices are almost a mirrored reflection of what is going on in the gas markets.
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