In today’s briefing:
- Ohayo Japan | Nasdaq Surges on Jobs Data
- China Property Developers In Distress – Weekly News & Announcements Tracker | August 2-8, 2024
- Earnings: ON, LSCC, RMBS, AMKR, ANET, AMD
- Japan Morning Connection: 9984 JP, 8035 JP, 6525 JP
- [Blue Lotus Daily-TMT Update]:BABA US/PDD US/JD US/3690 HK/700 HK/BILI US
- [Blue Lotus Daily]:981 HK/1347 HK/1211 HK/LI US/NIO US/1810 HK/XPEV US/TCOM US/ATAT US/LKNCY US
- # 43 India Insight: Reliance Offshore Financing, Adani QIP, Marico Diversify Market Presence
Ohayo Japan | Nasdaq Surges on Jobs Data
- US stocks rally after a drop in weekly jobless claims to 233,000, below expectations, providing a positive signal for the labor market
- Tokyo Electron revised up its FY2024 net profit forecast by 31% to 478 billion yen, driven by strong AI-related demand for memory chips
- INPEX will buy back up to 80 billion yen of shares, the highest ever, and increase its annual dividend by 12 yen to 86 yen
China Property Developers In Distress – Weekly News & Announcements Tracker | August 2-8, 2024
- 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 sources
Earnings: ON, LSCC, RMBS, AMKR, ANET, AMD
- This week will be a lightning-fast one. I need to cover a lot, so I’ll give high-level summaries instead of going deep unless necessary. I will be honest – it’s a bit scuffed, but if I don’t put it out, I’ll get further behind on semiconductor earnings.
- On semiconductor beat on Chinese industrial strength. It looks cheap.
- Lattice is likely stuffing the channel, and the divergence between AMD’s embedded and Lattice means their channel is worse off. Amkor saw real weakness in industrial, and that’s what made the guide miss. Arista had a clean beat; I think they are sandbagging forward revenue.
Japan Morning Connection: 9984 JP, 8035 JP, 6525 JP
- ARM +11% after a broker upgrade yesterday will see Softbank Group (9984 JP) rebound sharply off heavily sold levels yesterday, despite its surprise Y500bn buyback.
- Tech wide relief rally in the US sets the tone for a very strong day in Japan, helped by strong earnings by the likes of TEL (8035) and Kokusai (6525).
- Jobs data saw leisure and powersports names in the US rally which should help the likes of Yamaha Motor (7272 JP) and KHI (7012 JP) rebound sharply also.
[Blue Lotus Daily-TMT Update]:BABA US/PDD US/JD US/3690 HK/700 HK/BILI US
- BABA US/PDD US/JD US: Douyin launches new merchant tool designed to avoid low-price competition (+/+/+)
- BABA US/JD US: JD strategy change to focus on beauty products (-/+)
- BABA US: Freshippo launches self-branded products on the Lazada. (/)
[Blue Lotus Daily]:981 HK/1347 HK/1211 HK/LI US/NIO US/1810 HK/XPEV US/TCOM US/ATAT US/LKNCY US
- 981 HK/1347 HK: Semiconductor export growth remained robust in July (+/+)
- 1211 HK/LI US/NIO US/1810 HK/XPEV US: 2024 week 31 EV makers started to bifurate .(/////////)
- 1810 HK: Xiaomi’s smartphone unit volume sales in Japan grow triple-digit y-o-y in 2Q24 (+)
# 43 India Insight: Reliance Offshore Financing, Adani QIP, Marico Diversify Market Presence
- Reliance Industries obtained over $7 billion in offshore financing for capital expenditure and debt refinancing.
- Adani Enterprises plans a $1 billion share sale via a Qualified Institutional Placement.
- Marico resumes operations in Bangladesh after political unrest, diversify market presence.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
