In today’s briefing:
- India Industrials | Riding the Tailwind
- ASE Q1’23 Revenues Decline 26% QoQ, Q2’23 Outlook Flat Sequentially
- Mining Monthly: April Edition
- Tech Talk: Crypto Custody : What Is It? How Is It Secure? Who Can Do It?
- The Highlights : Cannabis News for the Week Ending April 28, 2023
India Industrials | Riding the Tailwind
- India’s strong growth projections are widely agreed upon, therefore warranting a deeper analysis of the key factors driving this growth, to identify potential deviations from projections.
- The Industrials sector, supported by government initiatives, plays a critical role in the growth of the Indian economy and is currently benefiting from a strong tailwind.
- While ABB India Ltd (ABB IN) and Polycab India (POLYCAB IN) are compelling investment ideas, caution is advised for Siemens Ltd (SIEM IN) and Havells India (HAVL IN).
ASE Q1’23 Revenues Decline 26% QoQ, Q2’23 Outlook Flat Sequentially
- ASE, the global #1 OSAT company, reported Q1’23 revenues of NT$130,891 million, in line with expectations, down 26% sequentially and 9% YoY
- Overall equipment utilisation rate fell to 60% during the first quarter
- Q1 was the trough, but so too will be Q2
Mining Monthly: April Edition
- The precious metals and mining market continued to rise in April even after a sizeable outperformance of broader indices in March
- M&A accelerated in the month of April following what appears to be the peaking of rates and inflation, and persistent elevated metals prices
- This month only strengthens our confidence that 2023 will be a standout year for both precious metals and base metals, and encourage investors to position themselves accordingly
Tech Talk: Crypto Custody : What Is It? How Is It Secure? Who Can Do It?
- Following the bankruptcy of FTX and Alameda Research, it is important to understand how security in crypto custody and trading works.
- In crypto security, particularly by custodians, multiple levels of security should be implemented, including physical cold storage, stock exchange level processes, multiple signature wallets, and two-factor and video authorization.
- Trust is a key component of custody and trading.
The Highlights : Cannabis News for the Week Ending April 28, 2023
- It was a good week for most global equities, with the MSCI World Index and the S&P 500 gaining 1.77% and 1.57%, respectively.
- However, the small-cap Russell 2000 and the NASDAQ dropped 1.83% and 0.66%, respectively, as investors digested a mixed bag of corporate earnings.
- Cannabis stocks broke a seven-week losing streak and the MSOS ETF surged 6.87% this week.
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