In today’s briefing:
- Ohayo Japan | Diverging Results for Fast & Seven
- Cement Industry: Is the Revival Feasible in H2FY25?
- China Property Developers In Distress – Weekly News & Announcements Tracker | Jan 3-9, 2025
- #84 India Insight: GMR Secures ₹6,300 Cr Inv, ONGC-BP Partnership, 46% Rise In Indian PE Investments
- China Online Game Grossing Monitor: December 16, 2024 – January 4, 2025
- Singapore Market Roundup (09-Jan-2025): UOB Kay Hian raises Digital Core REIT TP to 99 US cents.
- WTR Small-Cap Spotlight Recap – Trends That Could Shape Chemicals and Materials Industries in 2025
Ohayo Japan | Diverging Results for Fast & Seven
- The US equity markets were closed on Thursday in honour of the national day of mourning following the passing of former President Jimmy Carter.
- Fast Retailing, Uniqlo’s parent company, reported a 7.4% rise in quarterly operating profit to ¥157.6bn
- Seven & i Holdings reported a 65% drop in nine-month net profit to ¥63.6bn, citing difficulties in North American operations
Cement Industry: Is the Revival Feasible in H2FY25?
- The first half of FY25 presented headwinds for the cement industry due to factors like delayed monsoon, elections amidst season and decline in the rural Demand.
- The all-India average trade cement price reached Rs 372/bag in December 2024, a 2.9% MoM increase and cement demand grew by a mere 3% in Q2FY25.
- The government’s commitment to infrastructure is evident in the 6% increase in capital expenditure for FY25 as per the Union budget and the ambitious National Infrastructure Pipeline (NIP).
China Property Developers In Distress – Weekly News & Announcements Tracker | Jan 3-9, 2025
- This note is a weekly (select weeks on SK) curated selection of Chinese news articles and company announcements focused on developers in distress
- We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
- We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to the sources
#84 India Insight: GMR Secures ₹6,300 Cr Inv, ONGC-BP Partnership, 46% Rise In Indian PE Investments
- GMR Group secures Rs. 6,300 crore investment from Abu Dhabi Investment Authority (ADIA) to reduce debt of GMR Enterprises Pvt Ltd.
- Oil & Natural Gas Corp (ONGC IN) has partnered with BP to enhance production at the Mumbai High fields, projecting a $10.3 billion revenue increase over the next decade.
- Private equity investments in India surged to $15 billion in 2024, a 46% increase, driven by sectors like healthcare, technology, and consumer industries.
China Online Game Grossing Monitor: December 16, 2024 – January 4, 2025
- The two new titles released in December, <One Piece: Ambition> and <Where Winds Meet>, from Tencent and NetEase, have shown promising early results and should become major blockbusters in 2025
- For Tencent, the holiday updates for <DnF Mobile> and <Arena Breakout> have underperformed, leading us to revise our revenue expectations downward by approximately 10%.
- Bilibili’s key title, <Three Kingdoms: MDTX>, has seen a slight decline in popularity, due to the intense competition in the SLG genre. The future seasonal updates could rejuvenate the performance.
Singapore Market Roundup (09-Jan-2025): UOB Kay Hian raises Digital Core REIT TP to 99 US cents.
- UOB Kay Hian raises Digital Core REIT TP to 99 US cents, highlighting positive developments in the company.
- UOB Kay Hian maintains ‘buy’ rating on SingPost, stating that divestments are progressing as planned.
- DBS notes that despite a soft Singapore retail sector, premium groceries have long-term potential for growth. UOB Kay Hian also reveals top Malaysian stock picks in property, construction, and energy sectors.
WTR Small-Cap Spotlight Recap – Trends That Could Shape Chemicals and Materials Industries in 2025
- Political policies could affect markets across the spectrum.
- The incoming administration’s more hawkish attitude when it comes to potentially destabilizing implementation of tariffs as a political rather than economic tool could result in greater volatility when it comes to commodity and finished goods pricing and availability, while its greater focus on domestic energy production and onshoring of supply chains could provide opportunities and lead to lower energy and logistics costs.
Lower energy and feedstock costs could drive margin improvement.
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