In today’s briefing:
- Ohayo Japan | Marginal Gains
- Sebi Crackdown on India’s F&O Market, Weekly Expiries Etc.
- #27 India Insight: Adani to Launch Shipbuilding, Xiaomi Plans to Double Shipment, Hyundai IPO
- China Online Marketplaces: It Was a Bumpy Journey but the Worst Is Behind Us
- Autonomous Driving Leadership Landscape
- [Blue Lotus Daily-TMT Update]:3690 HK/TCOM US/700 HK/JD US/BABA US/PDD US/1519HK/ZTOUS/NTESUS/BILIUS
- [Blue Lotus Daily]:300750 SZ/9992 HK/1810 HK/1519 HK/ZTO US/SE US/ATAT US/981 HK/000977 CH
Ohayo Japan | Marginal Gains
- The S&P 500 gained 4.13 points (0.1%) to close at a record 5,576, marking its 36th record close in 2024
- Recruit Holdings will buy back up to 600 billion yen, its largest ever
- Oriental Land, operator of Tokyo Disney Resort, announced plans to enter the cruise business with a project costing about 330 billion yen, set to launch in FY2028.
Sebi Crackdown on India’s F&O Market, Weekly Expiries Etc.
- SEBI plans to increase F&O contract sizes, limit weekly options, and introduce stricter trading measures.
- Aimed at protecting small investors from risks, these changes may reduce retail participation in derivatives trading.
- SEBI’s initiative emphasizes investor protection, potentially stabilizing the market by reducing speculative trading.
#27 India Insight: Adani to Launch Shipbuilding, Xiaomi Plans to Double Shipment, Hyundai IPO
- Gautam Adani to Launch Shipbuilding at Mundra Port Amid Global Demand Surge
- Hyundai Faces Pressure from Tata and Mahindra Ahead of $3.5 Billion India IPO
- Xiaomi plans to double shipments in India, targeting 700 million devices within a decade
China Online Marketplaces: It Was a Bumpy Journey but the Worst Is Behind Us
- While we were expecting slow but steady growth for China online marketplaces early in 2023, we did underestimate the enduring impact of China property slump on their recovery.
- Sluggish macro environment has come above other factors in driving share performance of China e-commerce stocks, but we see the worst behind us, setting stage for the sector’s up cycle.
- We believe sector valuation will gradually normalize going into 2H24/1H25 due to a combination of continuous improvements in fundamental and risk appetites for China assets.
Autonomous Driving Leadership Landscape
- For this report we datamined autonomous driving technology (ADT) innovations.
- Worldwide over the last decade the ADT sector has seen nearly 25% CAGR growth in patent filings, with over 40,000 patent family filings.
- Aptiv PLC (APTV US), with a leadership position in several areas of ADT, strong financials, reasonable valuations and strategic partnerships stands out.
[Blue Lotus Daily-TMT Update]:3690 HK/TCOM US/700 HK/JD US/BABA US/PDD US/1519HK/ZTOUS/NTESUS/BILIUS
- 3690 HK:Kuaigou Dache (ride hailing) Lowers Commission Rate for Drivers in Tianjin to 10% (-)
- TCOM US:Ctrip Introduces Family Card, Allowing Users to Book Trips for Their Elderly Parents (+)
- 700 HK: <Honor of Kings> to Launch Ranked System Optimization: Points for Wins and Losses (+)
[Blue Lotus Daily]:300750 SZ/9992 HK/1810 HK/1519 HK/ZTO US/SE US/ATAT US/981 HK/000977 CH
- 300750 SZ: CATL launches new commercial battery brand Tianxing to accelerate truck electrification and defend market share.（/）
- 9992 HK: Pop Mart’s first LABUBU theme store opens in Bangkok with over RMB10 million in sales on the first day(+)
- 1810 HK : Huawei to launch three-hinge/ fold smartphone. (/)
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