In today’s briefing:
- Good Morning Japan |Fed Hawks Return; Earnings Weigh; ValueAct Tgts S&I(3382); Spate of JP BUY U/Gs
- Macau at Critical Turning Point as CNY Optimism Builds
- SEA Food Delivery Spending Tops $16.3b in 2022: Report
- China’s Video Game Regulator Issues Fresh Licenses in Positive Sign for Recovering Industry
- China Couriers Hike Lunar New Year Prices as Delivery Riders Head Home
Good Morning Japan |Fed Hawks Return; Earnings Weigh; ValueAct Tgts S&I(3382); Spate of JP BUY U/Gs
- OVERSEAS: SPX down 3 in a Row as Fed Hawks out in force; Oil bucks trend ; P&G see weak sales; Musk makes it up on TESLA’s self driving
- JAPAN: Kishida Cabinet approval at record lows; Activist ValueAct tgts S&i(3382); Spate of Street upgrades to BUY incl General Contractors at MS; Japan CPI on tap.
- DAILY NUGGET: Could be Nothing Burger but the costs of US default is rising as Debt Limit hit.
Macau at Critical Turning Point as CNY Optimism Builds
- Early indications that CNY arrivals will show a strong rebound from covid lows, green shoots are beginning to pop.
- Pent up demand estimates face their stiffest test over the CNY holiday when a surge of arrivals over the las three years is expected.
- Macau stocks have rebounded some, but CNY will be the biggest test of all.
SEA Food Delivery Spending Tops $16.3b in 2022: Report
- In 2022, Southeast Asia’s food delivery expenditure reached US$16.3 billion, growing by 5%, a report by Momentum Works showed.
- For the first time in three years, this growth was largely driven by smaller food delivery markets, namely the Philippines, Malaysia, and Vietnam.
- ‘Meanwhile, Singapore, Indonesia, and Thailand recorded a decline in gross merchandise value (GMV) in the past year.
China’s Video Game Regulator Issues Fresh Licenses in Positive Sign for Recovering Industry
- China’s game licensing regulator green-lit a fresh batch of titles for market for the third time in as many months
- January’s licenses are an upbeat sign from the NPPA, which follows regulatory signals in July that the permit process would be streamlined after years of uncertainty.
Games must have a license from the regulator before they can enter the market. Typically handed out monthly, licenses were issued just seven times last year after an eight-month freeze that ended in April.
China Couriers Hike Lunar New Year Prices as Delivery Riders Head Home
- China’s major express couriers will charge more for their services over the Lunar New Year period
Express couriers, which mainly serve e-commerce sellers, typically see a lower volume of packages over the Lunar New Year when those businesses shut down.
Consumers generally buy their new years goods around a month before the festival, when such firms plan for a rush.
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