In today’s briefing:
- Ohayo Japan | Markets Wary of Conflict; Toyota and Idemitsu Partner on Solid-State Batteries
- What Is Holding Back China Consumers’ Potential?
- GLP-1 Drugs – Are They Dessert or Time Bomb to Your Portfolio?
- China Weekly Economic Wrap 10-15-2023
Ohayo Japan | Markets Wary of Conflict; Toyota and Idemitsu Partner on Solid-State Batteries
- Overseas: U.S. equities declined on Friday due to escalating conflict in the Middle East, leading to higher oil prices and a flight to safety assets like bonds and gold.
- Today: Lawson increases dividend due to strong domestic business. Daikin eyes European heat pump market. Mazda targets EV expansion in the US.
- JapanX: Toyota and Idemitsu Partner to Revolutionize EVs with Solid-State Batteries
What Is Holding Back China Consumers’ Potential?
- The vast majority of under-educated Chinese in less-developed regions are largely irrelevant to the China consumer market as investors and analysts know it.
- That is why that simple benchmarking with developed markets on per capita basis almost always results in forecasts that prove too optimistic in hindsight.
- They risk being further left behind as technology advancements and economic transformation may block the path for their income growth and hence derail consumption upgrade.
GLP-1 Drugs – Are They Dessert or Time Bomb to Your Portfolio?
- The potential/market size of GLP-1 drugs is much greater-than-expected. Indication expansion could easily generate big returns. Investment strategy for GLP-1 drugs should be long-term, which is expected to bring alpha.
- Supply-Demand relationship of entire market would change due to popularization of GLP-1 drugs.This is not only for healthcare, but also cause a change in the investment logic of other industries.
- It’s recommended to re-examine stock positions in portfolio. Because each indication expansion of GLP-1 drugs would mean a decrease in demand in another field, leading to potential stock price plummet.
China Weekly Economic Wrap 10-15-2023
- Country Garden default warning, Huijin’s Big 4 investments, Regulators reined in offshore new brokerage accounts, PBOC roles fine-tuned
- China tightened rules on security lending to boost confidence of investors
- September China Import/Export data continued to decline and Government bond issuance continued to support ASF growth
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