In today’s briefing:
- Ohayo Japan | ARM Flexes AI Muscles
- China Property: The Red-Hot Whitelists
- US G-SIBs Recover in Q4 2023, Facing Cloudy Outlook for 2024
- Webinar Recording: 12th Annual China Property Outlook by Real Estate Foresight, “The Big Shifts”
- China Was World’s Largest Auto Exporter in 2023 After NEVs Drove Up Shipments
- Water Tower Hour Recap – 2023 Review and 2024 Outlook
Ohayo Japan | ARM Flexes AI Muscles
- Arm Holdings shares +47% on surprise earnings announcement, suggesting AI driving a recovery in the industry
- Shimizu Corporation, Taisei Corporation and Toray lowered their forecasts due to rising material costs and deteriorating market conditions. NTT reported lower than expected profits.
- Subaru raised their forecast on higher US sales. Daifuku also revised up their forecast on strong EV investment.
China Property: The Red-Hot Whitelists
- We highlight the latest policy developments with the wave of developer projects getting whitelisted for financing support.
- There is plenty of local news about city-level project approvals and a growing number of developers announced how many of theirs have been whitelisted.
- The big question is what proportion of the whitelisted projects will get the actual loans.
US G-SIBs Recover in Q4 2023, Facing Cloudy Outlook for 2024
- US-domiciled Global Systemically Important Banks (G-SIBs) have seen their credit risk profiles improve over the last quarter of 2023 towards the median credit risk faced by all US- banks.
- The downward trend in the Criat Credit Cycle Index (CCCI) for G-SIBs was largely driven by improvements in their equity performance, which has improved their financial position comparative to its peers.
- As can be seen from Chart 1, although the G-SIB CCCI is trending lower since late September-2023, their aggregate credit profile is still close to the upper quartile credit risk of the US banking industry.
Webinar Recording: 12th Annual China Property Outlook by Real Estate Foresight, “The Big Shifts”
- In this webinar, part of Real Estate Foresight’s 12th annual China Property Outlook, we share our views on 2024 for the China housing markets
- We explore several themes, incl. the latest Whitelist approvals by local governments and a wave of related announcements
- The webinar presentation was recorded on Feb 6, 2024. You can also view this 3-minute version with a few highlights.
China Was World’s Largest Auto Exporter in 2023 After NEVs Drove Up Shipments
- China was the world’s top auto exporter last year, cementing its position after overtaking Japan as No. 1 earlier in 2023, thanks largely to strong demand for new-energy vehicles (NEVs), increased deliveries to Russia and escalating domestic competition that forced automakers to accelerate their overseas expansion.
- China’s auto exports surged 57.9% year-on-year to 4.91 million cars, as reported by the China Association of Automobile Manufacturers (CAAM) last month.
- By comparison, Japan exported 4.42 million vehicles in 2023, up 16% from a year earlier, according to data from the Japa
Water Tower Hour Recap – 2023 Review and 2024 Outlook
- We joined WTR’s Head of Business Development Tim Regan on this week’s Water Tower Hour Podcast to recap what happened in the chemicals and materials technology industries in 2023 and to provide an outlook for 2024.
- Those interested can listen to the podcast on Apple Podcasts, Google Podcasts, Spotify, or on our website.
- WTR-CMI in 2023. With the majority of stocks in our index finishing 2023 in positive territory, the WTR-CMI Index managed to keep pace with the Russell 2000, appreciating 15%.
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