In today’s briefing:
- Ohayo Japan| Equities Start on a Positive Note; JAPAN X: Idemitsu Ramps Up for Solid State Batteries
- US Small Banks – New HFD Shows 76% of New Loans Are CRE in Recent Week | CRE Loans at 2.9x Capital
- [Blue Lotus Sector Update]: In Solar PV Winners Go to One Who Count the Pennies
- China TMT Update-Bili/XPEV/DiDi/SE/PDD-Xpeng Acquire DiDi’s EV Project/Temu Enters the Philippines
- The Highlights – Cannabis News for the Week Ending August 25, 2023
Ohayo Japan| Equities Start on a Positive Note; JAPAN X: Idemitsu Ramps Up for Solid State Batteries
- OVERSEAS: US Equities start on a postive note with SPX, NDX, SOX all gaining; 10/11 SPX sectors rose; Tech lead as US Yields Fell; China Stocks Surged on Govt Measures
- JAPAN: NKY Futures +0.4% vs Cash; USDJPY 146.5; NKY records strongest day in Aug; JP Retail turn net buyers; Companies Make promises to boost share px; H2A Rocket Launch Delayed
- JAPAN X: Idemitsu Kosan Prepares for All-Solid-State Battery Era with Production Boost. All is is being driven by Toyota-which is leading to way to commercialization of solid state batteries.
US Small Banks – New HFD Shows 76% of New Loans Are CRE in Recent Week | CRE Loans at 2.9x Capital
- HFD for US small banks shows USD2.6bn new CRE loans in week vs USD3.4bn new total loans
- US small banks have CRE loans at 2.9x capital vs 2.5x in recent periods and less provisions
- Large term deposits are up from 8.5% to 14.2% of loans from trough to most recent week
[Blue Lotus Sector Update]: In Solar PV Winners Go to One Who Count the Pennies
- The biggest debate in solar PV technology today is the rapid adoption of N-type solar cells (TopCon), championed by Jinko, vs. the cautious approach…
- To prolong the life cycle of the current P-type solar cell (PERC), purposely represented by LONGi; We believe this division is misleading.
- LONGi’s strategy is far from simply squeeze out the last penny of PERC. We believe it represents a new thinking trying to set LONGi apart of the old investment logic.
China TMT Update-Bili/XPEV/DiDi/SE/PDD-Xpeng Acquire DiDi’s EV Project/Temu Enters the Philippines
- Bilibili has announced the latest incentive policies for the “Spark Program.”
- XPEV/DiDi: Xpeng to acquire DiDi’s Smart EV project and establish strategic partnership with DiDi (+/+)
- SE / PDD: Temu enters the Philippines ( – / +)
The Highlights – Cannabis News for the Week Ending August 25, 2023
- NVIDIA ended the week -2.02% but is still +215.02% YTD.
- It was a quiet week for cannabis stocks and the US cannabis MSOS ETF drifted 1.21% lower.
- Curaleaf (CSE: CURA, OTCQX: CURLF) +3.94% and MariMed (CSE: MRMD, OTCQX: MRMD) +3.30% were among the bright spots, while Ascend (CSE: AAWH, OTCQX: AAWH) -13.14% was hit hard again this week.
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