In today’s briefing:
- Japan Weekly | Nikkei Takes a Dive
- AUCTUS ON FRIDAY – 19/04/2024
- [Blue Lotus Daily]:1810 HK/1211 HK/LI US/XPEV US/NIO US/BEKE US/300750 SZ
- [Blue Lotus Daily – TMT Update]:PDD US /BABA US /JD US /3690 HK/VIPS/NTES US/BIDU US/SHEIN/AMZN US
Japan Weekly | Nikkei Takes a Dive
- Geopolitical concerns and disappointing ASML earnings were the key triggers for sharp pull back in equities this week
- Next week in Japan, all eyes will be on the Bank of Japan and the continued weakness in the exchange rate. Earnings season just around the corner too
- Semiconductor names were hit hard this week – Lasertec (-21%), Tokyo Electron (-15%) and Disco (-11%) sharply lower.
AUCTUS ON FRIDAY – 19/04/2024
- Tethys Oil (TETY SS)C; target price of SEK100 per share: Increasing further the size of the prize/Considering Algeria – The South Lahan area on Block 58 is estimated to hold 55-523 mmbl prospective resources (P90-P10 case) with a mean case of 251.8 mmbbl prospective resources across six prospects in the Ara Carbonate.
- Combined with the previously disclosed prospective resources of the Fahd area in the north-eastern part of Block 58, Tethys Oil’s unrisked recoverable prospective resources on the block are estimated to be 435.9 mmbbl (Pmean).
- The geological chance of success ranges from 6% to 11% for the six new prospects.
[Blue Lotus Daily]:1810 HK/1211 HK/LI US/XPEV US/NIO US/BEKE US/300750 SZ
- 1810HK/1211HK/LI/XPEV/NIO: The growth rate of new energy vehicles fell back in the 15th week of 2024,BYD and Li delivered stably,AITO slowed down due to L6,XiaomiSU7 impacting TeslaM3 and BYDHan（/）
- BEKE US: Residential new home sales value fell by 30% YoY in 1Q24, but slightly better than consensus(+)
- 300750 SZ: CATL’s first quarter results show strong pricing power amid fierce price war（/）
[Blue Lotus Daily – TMT Update]:PDD US /BABA US /JD US /3690 HK/VIPS/NTES US/BIDU US/SHEIN/AMZN US
- PDD/BABA/JD/3690.HK/VIPS: NBS publishes data social retail data for March 2024 (+/////-)
- NTES US: NetEase’s <Naraka Mobile>, has completed its pre-launch testing phase with overall positive feedback, and pre-registration reached 25 million. (+)
- BABA US/3690 HK : Eleme launches semi-managed mode for retail merchants, adding pressure to Meituan instashopping
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