In today’s briefing:
- MARKETS AND SEMICONDUCTORS
- Ohayo Japan | Turnaround Tuesday
- Bangladesh Chaos: Impact on Indian Companies
- The Beat Ideas: Websolar Energy- From Bad Past to Turnaround
- The Bangladesh Crisis: What Does It Mean for India?
- Japan Morning Connection: 6301 JP, 6326 JP, 2503 JP
- [Blue Lotus Daily-TMT Update]:BILIUS/TCOMUS/SEUS/PDDUS/4689JP/4385JP/BABAUS/3690HK/JDUS/700HK/NTESUS
- # 40 India Insight: ONGC Gas Production, Vedanta Debt Reduction, Tata Power Acquisition
- [Blue Lotus Daily]:1211 HK/AAPL US/2150 HK/Macro News Update/Consumer Industry Update
MARKETS AND SEMICONDUCTORS
- Hello! I went on a short hike this weekend, which always seems to cause something to change.
- What changed was that we are seeing a very large leveraged unwind in the market, driven by the BOJ’s hike in interest rates.
- Let me write out the series of events. First and foremost, last week, we saw some of the first macro jitters. The CPI came to light, which was viewed as positive. But then NFP showed a bit of weakness.
Ohayo Japan | Turnaround Tuesday
- US stocks snapped a three-day losing streak as investors set aside recession worries
- All 11 sectors of the S&P 500 posted gains, with megacap tech stocks leading the rebound; Nvidia increased 3.8%, and Meta Platforms rose 3.9%.
- The VIX fell by 10.8 points to end the session at 27.71
Bangladesh Chaos: Impact on Indian Companies
- Bangladesh, India’s 2nd largest trading partner in Asia is under a political crisis leading to instability and uncertainty.
- Companies impacted by Bangladesh Crisis in India across sectors and across market caps listed below.
- There might be short-term impact, but in long run, there would not be much impact as overall exposure is not that much.
The Beat Ideas: Websolar Energy- From Bad Past to Turnaround
- Websol Energy System (WESL IN) has upgraded from PERC to TOPCon technology, significantly expanding its production capacity.
- The shift to advanced TOPCon cells positions Websol for higher efficiency and growth, with 75% capacity utilization achieved shortly after the upgrade.
- Earlier, the Company has underperformed due to less efficient technology and a history of non-performance of promoters.
The Bangladesh Crisis: What Does It Mean for India?
- Sheikh Hasina resigned, leading to chaos in Bangladesh and the formation of an interim government in Bangladesh.
- Political instability could disrupt India-Bangladesh trade, delay the FTA, and intensify regional strategic concerns, including China’s growing influence.
- Indian companies will also be impacted by this geopolitical issue, as India exports 35% of its cotton to Bangladesh and imports ready-made garments from the same country.
Japan Morning Connection: 6301 JP, 6326 JP, 2503 JP
- US rebound lacks breadth, and while tech should be strong to start it may be too early to predict an extended rally off the lows in Japan after yesterday’s gains.
- An SMCI after-market miss is dulling the mood which may also dent sentiment for AI/SPE related to start.
- A good print from CAT sets a positive tone for the likes of 6301 Komatsu and 6326 Kubota who were both sold heavily in the recent panic.
[Blue Lotus Daily-TMT Update]:BILIUS/TCOMUS/SEUS/PDDUS/4689JP/4385JP/BABAUS/3690HK/JDUS/700HK/NTESUS
- BILI US: Bilibili’s <Three Kingdoms: MDTX> Shows Significant Grossing Ranking Rebound After Season 2 Update (+)
- TCOM US:Beijing’s tourist arrivals increased by 16.7% YoY in July (+)
- TCOM US: Amap Launches Airport Shuttle Service in Hong Kong (-)
# 40 India Insight: ONGC Gas Production, Vedanta Debt Reduction, Tata Power Acquisition
- ONGC plans to increase gas production from 1,527 to 1,675 MMSCM by drilling new wells
- Vedanta aims to reduce debt by $3 billion through cash flow, asset sales, and strategic measures
- Tata Power will acquire Paradeep Transmission Ltd to build and operate a 765 kV transmission line
[Blue Lotus Daily]:1211 HK/AAPL US/2150 HK/Macro News Update/Consumer Industry Update
- 1211 HK: BYD and Uber reach agreement to launch 100,000 vehicles globally (/)
- AAPL US: Huawei double-hinge folding device has begun production (-)
- Macro News Update: The State Council Releases the “Opinions on Promoting High-Quality Development of Service Consumption,” Primarily Focusing on Supply-Side Improvement.(+)
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