In today’s briefing:
- Japan Financials – Buybacks Strongest at Japan Post Insurance, Japan Post Holdings, Yamaguchi
- #20 India Insight: Ultratech Cement Acquisition, India’s Bond in JP Morgan, Ather Energy Investment
- Japan Weekly | IHI, Sumi Pharma, Toho, Sawai, JEOL
- [Blue Lotus Daily – TMT Update]:700 HK/BIDU US/BABA US/0020 HK/NTES US/3690 HK
- AUCTUS ON FRIDAY – 28/06/2024
Japan Financials – Buybacks Strongest at Japan Post Insurance, Japan Post Holdings, Yamaguchi
- Of the nearly 200 financials in Japan, on average shares outstanding are up 3% over the past several years
- Japan Post Insurance, Japan Post Holdings, and Yamaguchi Financial are at the extreme opposite end with shares outstanding at -22%
- MS&AD features well ranking #11 of financials in our sample, with shares outstanding at -7%, adding well to its commitment on dividends, cross-shareholdings sales
#20 India Insight: Ultratech Cement Acquisition, India’s Bond in JP Morgan, Ather Energy Investment
- Ather Energy to Invest Over Rs 2,000 Crore in Maharashtra Plant
- UltraTech Cement to acquire 23% stake in India Cements for Rs 1,885 crore
- India’s government bonds included in JP Morgan Emerging Market index
Japan Weekly | IHI, Sumi Pharma, Toho, Sawai, JEOL
- U.S. economy: Mixed signals with Q1 GDP growth revised up to 1.4%, driven by business investment and trade, while jobless claims hit a high, raising unemployment concerns.
- Japan’s Nikkei 225: Strong performance, up 986 yen for the week, fueled by major stock rebounds and IPO interest, despite dollar-yen depreciation to 161 yen.
- Market outlook: Nikkei up 2.2% in June, nearing 40,000 yen; cautious sentiment prevails with U.S. markets closed on July 4th and UK elections ahead
[Blue Lotus Daily – TMT Update]:700 HK/BIDU US/BABA US/0020 HK/NTES US/3690 HK
- 700 HK/BIDU US/BABA US/0020 HK: Chinese Domestic AI Model Providers Announce Discount Policies to Capture Market Following OpenAI’s Withdrawal from China(+//////)
- 700 HK: Tencent Releases 2024 Summer Vacation Playtime Schedule for Minors(/)
- NTES US: <World of Warcraft Official> Servers to Launch on August 1, All Players Get 14 Days Free Game Time (+)
AUCTUS ON FRIDAY – 28/06/2024
- AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C: target price of £0.50 per share: Key step towards developing future gas to industry business onshore Morocco – Chariot has signed Heads of Terms with Vivo Energy for the future offtake from the Loukos onshore licence where natural gas has been encountered at Dartois.
- Up to 3 mmcf/d would be initially sold to the CNG midstream business under a long-term gas sales agreement.
- Vivo intends to design, fund, construct and operate a CNG plant and virtual distribution network to transport natural gas from a number of sources to existing and new industrial customers in Morocco.
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