In today’s briefing:
- Evidenced Based Analysis of Real Residential Property Price Indices Vs Major Asian Stock Indices
- No Sign of Selling Advanced Scanners by ASML to China Customers, Implications
- [Blue Lotus Daily]: ATAT/600754 CH/1211 HK/LI/XPEV/NIO/ZLAB/ARGX/9995 HK/3692 HK
- [Blue Lotus Daily – TMT Update]: 700 HK/NTES/BILI/002624 CH/300299 CH/3690 HK/AMZN/PDD/Shein
- The Highlights – Cannabis News for the Week Ending December 22, 2023
Evidenced Based Analysis of Real Residential Property Price Indices Vs Major Asian Stock Indices
- We provide evidence based analysis of real residential property price indices in five major Asian countries/regions versus their stock indices including South Korea, China, Hong Kong, Australia, and New Zealand.
- Most of the peak in real residential properties of these countries occurred in 3Q 2021 to 1Q 2022.
- If the real residential property prices continue to drag the overall economy in these major countries, this is likely to have a negative impact on their stock markets next year.
No Sign of Selling Advanced Scanners by ASML to China Customers, Implications
- The oversupply of 8″/12″ mature technology and price war especially within China for the next 5 years is inevitable, especially negative for SMIC and Hua Hong Semi.
- Production moving out of China semi demand might increase to 65-70% in next five years to benefit Globalfoundries, UMC, Vanguard, Powerchip mitigating impacts from rising domestic replacement in China.
- By building up in-house fabs, Huawei and HiSilicon supply chain vendors will be benefited the most like semiconductor equipment, material, fab construction, CoWoS interposer, and CoWoS packaging vendors.
[Blue Lotus Daily]: ATAT/600754 CH/1211 HK/LI/XPEV/NIO/ZLAB/ARGX/9995 HK/3692 HK
- ATAT/600754 CH: Hotel industry update – Jinjiang disclose Oct-Nov RevPAR recovered to 105% of 2019, slightly better than industry average.(+)
- 1211HK/LI/XPEV/NIO: Huawei Harmony Intelligent Mobility Alliance to establish independent stores(-)
- ZLAB/ ARGX: Efgartigimod failed two late stage indication trials (-)
[Blue Lotus Daily – TMT Update]: 700 HK/NTES/BILI/002624 CH/300299 CH/3690 HK/AMZN/PDD/Shein
- 700HK/ NTES/ BILI: The NPPA has released a draft for public opinion on the <Internet Game Governing Measures>(-/-/-)
- 700HK/ NTES/ 002624CH/ 300299CH/ BILI:NPPA Announced December Imported Game Code Approvals(////+/+/+)
- AMAZ/ SHEIN/ TEMU: Local merchants reportedly unhappy with some new AI features on Amazon (-/+/+)
The Highlights – Cannabis News for the Week Ending December 22, 2023
- It was a slightly negative week for most cannabis stocks, with the US-cannabis MSOS ETF dropping 2.11% and the global YOLO ETF ending exactly flat.
- MSOS was -8.87% for the first four days of the week, then presidential pardons and Schedule III speculation sparked a rally.
- On Friday, President Biden issued a proclamation to begin pardoning certain cannabis offenses.
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