In today’s briefing:
- # 53 India Insight: NTPC Nuclear Energy Expansion, Raymond Expansion, HCL Tech New Revenue Stream
- Institutions Adjust Portfolios Amid Economic Uncertainty and Market Volatility (13F Filings 30/Jun)
- China Vows to Defend EV-Makers as EU Confirms Additional Import Duties
- What Is the Upside if Buy China RE Stocks? Valuation Is All-Time Low, 5 Factors to Drive Re-Rating
- China Property Developers In Distress – Weekly News & Announcements Tracker | August 23-29, 2024
- China Housing: Forecasts Vs Actuals – Mid-Year 2024 Check And… Some History
- Mat-Chem Notes Caution – Canada Rail Strike, Weakening Ag-Chem Market, and Slower EV Adoption
- AUCTUS ON FRIDAY – 30/08/2024
# 53 India Insight: NTPC Nuclear Energy Expansion, Raymond Expansion, HCL Tech New Revenue Stream
- NTPC to establish Plans New Subsidiary for Nuclear Energy Expansion
- Raymond Lifestyle’s Strategic Expansion: 900 New Stores in Three Years
- L&T Construction Slashes Timelines by 50% with 3D Printing Technology
Institutions Adjust Portfolios Amid Economic Uncertainty and Market Volatility (13F Filings 30/Jun)
- Vanguard’s 95.3% reduction in TSMC holdings underscores concerns over geopolitical tensions and supply chain risks impacting the semiconductor sector’s stability and future growth.
- Citadel’s 876% increase in Thermo Fisher shares reflects strong confidence in the healthcare sector, particularly in companies poised to benefit from technological advancements and market expansion.
- Berkshire Hathaway’s 49.3% cut in Apple holdings suggests a strategic move to lock in profits after significant gains, while reallocating capital to less volatile investments.
China Vows to Defend EV-Makers as EU Confirms Additional Import Duties
- China has denounced the European Commission’s plan to definitely impose tariff hikes on all electric vehicles (EVs) shipped from the country as “unreasonable,” and vowed to take “all necessary measures” to defend Chinese companies.
- The commission on Tuesday announced an adjusted set of proposed additional duties on China-made EVs as part of an ongoing investigation that found state subsidies are enabling Chinese electric-car makers to undercut their European rivals.
- In an escalation of trade frictions, China on Wednesday launched an anti-subsidy investigation into European Union dairy products.
What Is the Upside if Buy China RE Stocks? Valuation Is All-Time Low, 5 Factors to Drive Re-Rating
- Today news reported that China has announced policy where mortgage holders can negotiate with banks on their rates. We think this is a strong boost to the sentiment
- Despite today sector is up 3-11%, valuation is at all time low and we think the risk reward profile is attractive, especially macro environment is turning more favorable
- We think there can be potential upside of 40-200% depending on stock selection. We also identify 5 factor that can drive a sector rerating
China Property Developers In Distress – Weekly News & Announcements Tracker | August 23-29, 2024
- This note is a weekly (select weeks on SK) curated selection of Chinese news articles and company announcements focused on developers in distress
- We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
- We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources
China Housing: Forecasts Vs Actuals – Mid-Year 2024 Check And… Some History
- Our annual ‘draw the line’ forecast, by market participants in early 2024, of China’s new home sales shows the reality (data to July) proved more challenging than expected
- In contrast, 2023 was more in line with expectations, with the ‘wisdom of crowds’ working better; but in 2022 no one got close to predicting the extent of the decline
- The forecast focuses on NBS national new home sales (GFA) monthly 12M vs the prior 12M growth rate, with some distortions due to data revisions by NBS
Mat-Chem Notes Caution – Canada Rail Strike, Weakening Ag-Chem Market, and Slower EV Adoption
- WTR-CMI keeping pace with broad markets. YTD, the S&P 500 has appreciated 18%, compared with the 9.5% appreciation for the broader Russell 2000, while our WTR-CMI Index has improved 8.4%, held back primarily by lithium stocks, which are off anywhere from 37% for ALB to 68% for PLL.
- Two companies in our index, RYAM and ECL, have outperformed even the tech-heavy S&P 500, coming off a challenging 2023.
- Unfortunately, with both lithium and ag markets still under pressure, we do not expect companies in our sector to outperform the broader markets in 2H24, although individual stock outperformance may continue.
AUCTUS ON FRIDAY – 30/08/2024
- AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; Target price £0.70 per share: Key horizontal wells outperforms expectations – Arrow has now drilled 3 horizontal wells in Carrizales Norte.
- The flow rates of the wells are exceeding our expectations.
- The first CN horizontal well (CNB HZ-1) is being restricted to a current oil flow rate of 2,090 bbl/d with approximately 41% water cut.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
