In today’s briefing:
- #18 India Insight: Tata Motors Demerger, Kotak Bank Expands, Ather Plans IPO
- Ohayo Japan | Nvidia Show Rolls On
- For Chinese BEV Makers, A Potential ‘Backdoor’ to the US BEV Market May Be Shut by Mexico
- [Blue Lotus Daily]:1211HK/LI/XPEV/NIO/BEKE/1810HK/300207SZ/300750SZ/LKNCY/9926HK/MNSO/600519CH
- [Blue Lotus Daily – TMT Update]:700 HK/BABAUS/BIDUUS/TCOMUS/NTESUS/AAPLUS/002624 CH/259960KRX/NVDAUS
- Leaders of Japan’s Drugstore Sector
- Sustainable Investing Surveyor – Focus on Spruce Power Holding Corporation (SPRU)
#18 India Insight: Tata Motors Demerger, Kotak Bank Expands, Ather Plans IPO
- Kotak Mahindra Bank aims to add up to 200 branches in FY25
- Ather Energy converts to a public company, planning an IPO in 2024
- Ata Motors plans to demerge its PV and CV businesses for better synergy
Ohayo Japan | Nvidia Show Rolls On
- U.S. markets were mixed on Tuesday; Dow Jones fell 299 points (-0.8%), ending a five-day win streak, while S&P 500 (+0.4%) and Nasdaq (+1.3%) rose.
- Japan’s May machine tool orders rose 4% to 124.5 billion yen, with Asia, especially China, driving an 18% sales surge.
- Hitachi saw a 70% rise in executives earning over 100 million yen in FY 2024, totaling 34, due to tying compensation to stock performance.
For Chinese BEV Makers, A Potential ‘Backdoor’ to the US BEV Market May Be Shut by Mexico
- Under pressure from US, Mexico appears to shut out Chinese BEV makers
- Biden administration seems intent on keeping low-priced Chinese BEVs out
- Next: monitor new BEV investments in MX, and policies of new prez Sheinbaum
[Blue Lotus Daily]:1211HK/LI/XPEV/NIO/BEKE/1810HK/300207SZ/300750SZ/LKNCY/9926HK/MNSO/600519CH
- 1211 HK/LI US /XPEV US/NIO US: China and the EU have launched negotiations on electric vehicle tariffs (///////)
- BEKE US: Existing Home Sales Increase 61% YoY in the 26th Week of 2024, Expected to Increase 19% YoY in June (+)
- 1810 HK/ NIO US/ XPEV US/ LI US/1211 HK/300207 SZ/300750 SZ: Xiaomi’s third model was said to be a low priced model, targeting low tier cities .(/////////////)
[Blue Lotus Daily – TMT Update]:700 HK/BABAUS/BIDUUS/TCOMUS/NTESUS/AAPLUS/002624 CH/259960KRX/NVDAUS
- 700 HK: Institutions Report <DnF Mobile>’s First-Month Revenue Exceeds US$270mn; We Expected to Rise Further After June 20 Update(+)
- 700 HK: Tencent’s <Peacekeeper Elite> New Version Adds Two New Playable Modes, Positive Player Recall Performance(+)
- BABA US/BIDU US: LLM failed Chinese Gaokao with Math the biggest challenge(+/-)
Leaders of Japan’s Drugstore Sector
- Japan’s drugstore sector is in the midst of consolidation through organic expansion and M&A but who are the leaders and how do they compare?
- We provide snapshot profiles on each of the key players, their current strategies and future outlook.
- With the sector increasingly threatening the supermarket and convenience store sectors, many of these names will come to dominate Japanese retailing in the next decade.
Sustainable Investing Surveyor – Focus on Spruce Power Holding Corporation (SPRU)
- The WTR Sustainable Index was down 0.8% W/W versus the S&P 500 Index (up 0.6%), the Russell 2000 Index (up 0.8%), and the Nasdaq Index (up 0.2%).
- Energy Technology (14.5% of the index) was down by 3.0%, while Industrial Climate and Ag Technology (60.3% of the index) was up by 0.2%, ClimateTech Mining was down 5.3%, andAdvanced Transportation Solutions (19.6% of index) was down 2.6%.
- Top 10 Performers: NRM, VIHD, OESX, FNI, DCFC, PNPN, SMR, LICY, ASYS, PSIX
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