In today’s briefing:
- Japan Weekly | Money Forward, Advantest Top Performers
- Auctus on Friday – 19/01/2024
- [Blue Lotus Daily]: 1211HK/XPEV/NIO/9995HK/TCOM/1024HK/780HK/3690HK
- [Blue Lotus Daily – TMT Update]:NTES/BABA/PDD/3690 HK/JD/VIPS/1219 HK/SHEIN/AMZN/SE/MELI
Japan Weekly | Money Forward, Advantest Top Performers
- Japanese stocks have maintained their positive start to the year. The Nikkei average rose by +1.1% on the week with chip stocks leading the gains.
- Money Forward was up +19% on strong Q4 sales (+42% YoY); Adjusted EBITDA at record high of 1.2 billion yen
- Activist Oasis wants a say on Shidax MBO; Earnings season kicks up a gear next week
Auctus on Friday – 19/01/2024
- GeoPark (GPRK US)C; target price of US$24 per share: Further exploration success in Colombia – The Perico-1 exploration well at CPO-5 encountered hydrocarbons in the Barco (Guadalupe) formation.
- The Halcon-1 well at CPO-5 that also encountered potential hydrocarbons in the Guadalupe flowed at intermittent rates.
- Pharos Energy (PHAR LN)C; target price of £0.50 per share: Reducing net debt by a further US$10 mm – FY23 production was 6,508 boe/d, which is the middle of the production guidance of 6.35-6.75 mboe/d.
[Blue Lotus Daily]: 1211HK/XPEV/NIO/9995HK/TCOM/1024HK/780HK/3690HK
- XPEV/ NIO: Xpeng and NIO’s weekly sales show weakness (-)
- 9995 HK: Rumors about RemeGen’s ADC to Pfizer might be returned (-)
- TCOM/1024 HK/780 HK/3690 HK: Ctrip cooperate with Kuaishou to promote traveling products (+)
[Blue Lotus Daily – TMT Update]:NTES/BABA/PDD/3690 HK/JD/VIPS/1219 HK/SHEIN/AMZN/SE/MELI
- NTES: NetEase Announces <Eggy Party>’s Spin-off Game <Project Three> (+)
- 1219 HK/ PDD/ SHEIN/ BABA: Temu negotiating with J&T for cooperation in overseas last-mile services (+)
- PDD/ SHEIN/ AMZN/ SE/ MELI: Temu launches in South Africa (+/-)
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