In today’s briefing:
- Japan Weekly | China Stimulus; JP Stocks Respond
- [Blue Lotus Daily-TMT Update]:NTES US/BABA US/PDD US/AMZN US/SHEIN/JD US/2230CH/600398CH/3690HK/TCOM
- AUCTUS ON FRIDAY – 27/09/2024
- [Blue Lotus Daily]:BEKE US/BZ US/ATAT US/3690 HK/TCOM US/2618 HK/002352 CH/NIO US/XPEV US/1211 HK
Japan Weekly | China Stimulus; JP Stocks Respond
- U.S. markets remained relatively stable, with major indices flat to up 1% for the week. Treasury yields rose slightly, with the 10-year yield up nearly 10 basis points to 3.8%.
- Meanwhile, China, grappling with a property slump and likely to miss its 5% growth target, announced substantial stimulus measures.
- Japanese stocks rallied strongly this week, with the benchmark Nikkei index surging 5.6% and the broader Topix index gaining 3.7%.
[Blue Lotus Daily-TMT Update]:NTES US/BABA US/PDD US/AMZN US/SHEIN/JD US/2230CH/600398CH/3690HK/TCOM
- NTES US: Blizzard’s <Hearthstone> Resumes Operations in China Today with High Player Enthusiasm (+)
- BABA US/PDD US/AMZN US/SHEIN: AliExpress to promote new merchant models and faster logistics at Double 11 and Black Friday promotions (+/-/-/-)
- BABA US/PDD US/JD US: Taobao/Tmall to offer no extra service fees on “buy-now pay-later” orders during Double 11 (-/-/-)
AUCTUS ON FRIDAY – 27/09/2024
- Arrow Exploration (AXL LN/CN)C; Target price £0.70 per share: Another horizontal well with high flow rate – The fourth horizontal well at Carrizales Notre (CNB HZ-5) has been put on production at a gross oil rate of 2.7 mbbl/d (1.35 mbbl/d net to Arrow) with a water cut of 11%.
- This flow rate compares favourably with CNB HZ-4 that was put on production at a gross oil rate of >2.5 mbbl/d (8% water cut).
- Overall gross oil production from the three other horizontal wells is ~5.62 mbbl/d (~2.8 mbbl/d net to Arrow) including 2.1 mbbl/d for CNB HZ-4, 1.9 mbbl/d for CNB HZ-3 and 1.6 mbbl/d for CNB HZ-1.
[Blue Lotus Daily]:BEKE US/BZ US/ATAT US/3690 HK/TCOM US/2618 HK/002352 CH/NIO US/XPEV US/1211 HK
- BEKE US/BZ US/ATAT US/3690 HK/TCOM US:September Politburo Meeting Unusually Discusses Economic Topics, bodes well for catering and tourism consumption, Employment, and Real Estate(+)
- 2618 HK/002352 CH: JD and Alibaba reconcile, JD Logistics to launch on Taobao and Alipay to launch on JD.com (+/-)
- NIO US: NIO Lowers Battery Swap Service Fees to Encourage Frequent Battery Swaps(-)
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