In today’s briefing:
- Japan Stocks on the Move | Nikon, Renesas, Renova
- GEM Weekly (22 Jul 2022): SA Repo Rate; IQIYI, ByteDance, Did Global, Baidu
- China Healthcare Weekly (July22)-Jiangsu Province VBP, CStone’s Potential Sale, Irrational Mr Market
Japan Stocks on the Move | Nikon, Renesas, Renova
- The Nikkei was up 4.2% over the past 5 days while the yen was slightly stronger (¥138.31 -> ¥136.05
- Japan’s core consumer inflation stayed above the BOJ target of 2% for a third straight month in June as energy prices remain high. No change to BOJ policy.
- Japan warns of rising security threats in annual defense report, including technology supply chains, Russia and China/Taiwan
GEM Weekly (22 Jul 2022): SA Repo Rate; IQIYI, ByteDance, Did Global, Baidu
- The Global Emerging Markets weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- Macro data points:South African interest rates and inflation data
- Companies mentioned:iQIYI Inc (IQ US), ByteDance (1439927D CH), DiDi Global (DIDI US), Baidu (9888 HK)
China Healthcare Weekly (July22)-Jiangsu Province VBP, CStone’s Potential Sale, Irrational Mr Market
- Jiangsu Provincial Medical Insurance Bureau organized the 7th round of centralized procurement of medical consumables, mainly including spring coil, endoscopic stapler, ultrasound knife and vacuum blood collection tube.
- CStone Pharmaceuticals (2616 HK) is considering a potential sale of the business. We analyzed the logic behind this deal.
- For biotech, Mr Market can never be rational enough to see the big picture. Maybe we should be “dumb”. Buy low and sell high works for all investors.
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