In today’s briefing:
- Hong Kong Property: In Need Of A Good Story
- Ohayo Japan | Lower Open After US Holiday
- #21Business Buzz: ABD $180 Mn IPO, State Owned Banks Sell Bonds, K29 Secures $120 Mn Loan
Hong Kong Property: In Need Of A Good Story
- When property advisors (JLL, Knight Frank, CBRE etc) debate the bottom of Hong Kong’s office/retail market, such commentary is often infused with cautious optimism.
- And for good reason, as vacancies increase, and rents soften.
- Recent press articles and anecdotal evidence suggests market uncertainty lingers, prompting landlords to (further) assess their stance on rents.
Ohayo Japan | Lower Open After US Holiday
- US Stock market closed for holiday; Nikkei Futures close at a 0.5% discount to cash suggesting a lower open.
- Approximately 900 listed companies, or 40%, plan to raise dividends in the fiscal year ending March 2025, totaling an 8% increase to about ¥18 trillion.
- Toyota Chairman Akio Toyoda saw a drop in shareholder support, falling to 72% from 85% last year
#21Business Buzz: ABD $180 Mn IPO, State Owned Banks Sell Bonds, K29 Secures $120 Mn Loan
- Indian Whiskey Maker Allied Blenders & Distillers Sets Terms for $180 Million IPO
- Indian State-Owned Banks Sell Bonds as Foreign Demand Surges Ahead of Index Inclusion
- K92 Mining Expands Loan and Offtake Agreement with Trafigura to Advance Kainantu Operations
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