In today’s briefing:
- Contrarian Moves: Promoter Buying During Indian Equity Downturns
- Bank of Jiujiang – Rare Announcement Expecting at Least 30% Profit Decline
- Ohayo Japan | Fed Holds the Line
- [Blue Lotus Daily – TMT Update]:NTES/ZTO/1519 HK/BABA/PDD/3690 HK/SHEIN
- [Blue Lotus Daily]：300750 SZ/NIO/BGNE/1810 HK
Contrarian Moves: Promoter Buying During Indian Equity Downturns
- Promoter buying reflects insider confidence in the company’s future, often driven by access to undisclosed positive developments and growth opportunities.
- Increased promoter stake may indicate that the market has undervalued the company, potentially presenting an opportunity for investors to buy at a discount.
- Consider the broader market environment, company fundamentals, and industry trends alongside promoter buying activity to form a comprehensive investment thesis.
Bank of Jiujiang – Rare Announcement Expecting at Least 30% Profit Decline
- The bank’s announcement that it expects at least a 30% decline in profit due to impairments is rare, in its clarity, not unexpected in the content.
- There may be gaining momentum for banks in Greater China to more clearly show their credit metrics, which given economies there, are not likely to be positive.
- Credit costs to loans have been in decline at this bank, and the surge they are forecasting, is understandable; perhaps partly given developments at China Evergrande?
Ohayo Japan | Fed Holds the Line
- US markets surged to new all-time highs on Wednesday following the Federal Reserve’s decision to maintain its benchmark lending rate at 5.25%
- The Japanese government faces pressure to streamline finances following the Bank of Japan’s decision to end negative rates
- Japan welcomed 2.79 million visitors in February, a record for the month since the start of the COVID-19 pandemic, driven by travel during Lunar New Year holidays
[Blue Lotus Daily – TMT Update]:NTES/ZTO/1519 HK/BABA/PDD/3690 HK/SHEIN
- NTES: <Identity V> Has Reached a New High In Download Rankings In The Past 12 Months (+)
- ZTO/1519 HK/BABA/PDD: Parcel volume last week grew 21% yoy (+)
- BABA/SHEIN: AliExpress launches new subsidies to attract woman’s apparel merchants (+/-)
[Blue Lotus Daily]：300750 SZ/NIO/BGNE/1810 HK
- 300750 SZ: CATL’s result in 4Q23 showed clear impact of price war (/)
- NIO: Huawei AITO M9 ranks first in weekly sales among SUVs above Rmb500K(/)
- BGNE: BeiGene’s Tislelizumab approved by FDA for esophageal squamous cancer, but with little revenue potential (/)
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