In today’s briefing:
- Ohayo Japan | Microsoft Hits All-Time High; Mitsubishi Elec Partners on SiC Chips
- [Blue Lotus Daily]: BEKE/XPEV/LI/BYD/CATL
- Q323 Memory Segment Review, Outlook
- [Blue Lotus Daily – TMT Update]: BABA/ VIPS/PDD/JD/Meituan, 3690.HK/Tencent, 700.HK/SE
- Cannabis News for the Week Ending November 17, 2023
- Furniture/Furnishings Weekly – Falling Rates Lift All Stocks
Ohayo Japan | Microsoft Hits All-Time High; Mitsubishi Elec Partners on SiC Chips
- Overseas: SPX +0.7%, Nasdaq +1.1%; Microsoft +2% after OpenAi drama; Nvidia +2%
- Today: NKY Futs 0% v cash. JPY 148.4/$; Nikkei Hits 33-Year High Amid Foreign Investment Surge
- JapanX: Mitsubishi Electric and Nexperia partner for SiC power semiconductors; SiC tech fuels global green transformation.
[Blue Lotus Daily]: BEKE/XPEV/LI/BYD/CATL
- BEKE: New Home Sales still lukewarm in October and early November (/)
- XPEV, LI, BYD, CATL: SK On and LGES cut staff amid US EV slowdowns, positive for Chinese EV & battery
- XPEV: Huawei AITO M5 rear-end accident took place on November 14 raises safety concerns(+)
Q323 Memory Segment Review, Outlook
- Q323 DRAM revenues amounted to $13.210 billion, up a robust 19.25% QoQ, but still down 27% from the year-ago period.
- In the case of NAND, Q323 revenues amounted to $9.3 billion, up 4% QoQ but down 31.7% YoY.
- All memory players remain loss making. We don’t anticipate a return to black until Q224.
[Blue Lotus Daily – TMT Update]: BABA/ VIPS/PDD/JD/Meituan, 3690.HK/Tencent, 700.HK/SE
- BABA/VIPS/PDD/3690.HK/JD: Social Retail Consumption data improved in October MoM (+)
- 700.HK: Tencent raises ownership stake in a Wuxia Genre Gaming Studio (+)
- SE/ PDD/ BABA: Highlights of Sea Limited’s disappointing Q3 results(-)
Cannabis News for the Week Ending November 17, 2023
- Cannabis stocks had another good week, with the US cannabis MSOS ETF gaining 5.50% and the global YOLO increasing 2.49%.
- As the potential DEA news inches closer, US cannabis stocks continue to outperform Canadian counterparts. MTD, MSOS is +22.86%, while YOLO is +10.34%.
- Ayr Wellness (CSE: AYR, OTCQX: AYRWF) was +27.29% and led the way for the larger operators.
Furniture/Furnishings Weekly – Falling Rates Lift All Stocks
- Last week, we considered our outlook for furniture and furnishings. Today, we look at current indicators.
- Economic fundamentals largely deteriorated over the past two weeks, but the stocks surged as interest rates eased.
- Existing home sales dipped to a seasonally adjusted rate of 3.96 million in September, the first reading below 4 million since 2010, shortly after the Great Recession.
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