In today’s briefing:
- China Healthcare Weekly (Jan.27) – Surgical Robots New Policy, COVID-19 Update, Policy Vacuum Period
- Japan Weekly | Bullish Markets, Suzuki, Shin-Etsu
- Sands China Ltd: Breakthrough to Profitability Is First Forerunner of Macau Recovery Cycle
China Healthcare Weekly (Jan.27) – Surgical Robots New Policy, COVID-19 Update, Policy Vacuum Period
- New policy was released to support the development of surgical robots in China, which would be short-term catalyst for related companies, but it may not bring high profits.
- In fact, since March, it may not be appropriate for healthcare companies to use the COVID-19 as a reason if their performance in the following months is not as expected.
- Before DRGs/DIP policy becomes very “lethal”, there is a “policy vacuum period” in the next two or three years, which is a good opportunity to go long in China healthcare.
Japan Weekly | Bullish Markets, Suzuki, Shin-Etsu
- Global markets continued positive momentum on peaking in global inflation and expectations that the rate hike cycle is approaching its end
- There is a slew of economic data next week and some major US tech company results announcements. Japanese earnings announcements get into full swing
- Suzuki was the start performer last week as investors cheered the company’s new mid-term strategy and decarbonization plans
Sands China Ltd: Breakthrough to Profitability Is First Forerunner of Macau Recovery Cycle
- Revenues for 2022 just missed forecast, but enough to put the Macau market share leader over the top and into positive profit territory.
- Indications during CNY show average bet of US$101 per hand clearly put premium mass play back in action with mass segment spurts evident during the holiday.
- CNY arrivals hit 90,000 on Tuesday, best in three years. Current run rate now reaching 40% of pre-covid baseline 2019.
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