In today’s briefing:
- Ohayo Japan | Patience on Rate Cuts
- Japan Morning Connection: SPE Continues to Be Under Pressure
- [Blue Lotus Daily-TMT Update]:3690 HK/JD US/700 HK/BIDU US/BABA US/PDD US
- China Property Developers In Distress – Weekly News & Announcements Tracker | Nov 8-14, 2024
- [Blue Lotus Daily]:BEKE US/1211 HK/TSLA US/1810 HK/XPEV US/NIO US/LI US/ATAT US/BIDU US
- # 71 India Insight: Tata Comm Divest Business, LTI Innovation Hub, Tata Motors Separates PV Business
Ohayo Japan | Patience on Rate Cuts
- U.S. stocks slid on Thursday as Federal Reserve Chair Jerome Powell indicated patience on future rate cuts amid a resilient economy.
- Tesla shares tumbled 5.8% following reports that President-elect Trump’s team may eliminate EV tax credits
- SMC slashed its full-year net profit forecast to ¥167bn, down 6% year-on-year, citing sluggish recovery in semiconductor-related capital investment
Japan Morning Connection: SPE Continues to Be Under Pressure
- Mixed signals for JP semi’s with the positive read from ASML set to be tempered by the AMAT numbers.
- Trump cutting the $7.5k EV tax credit hitting Tesla, Rivian and power semi’s.
- Govt. names down on concerns over what Musk’s DOGE means for Govt spending.
[Blue Lotus Daily-TMT Update]:3690 HK/JD US/700 HK/BIDU US/BABA US/PDD US
- 3690 HK/ JD US: Yonghui Superstores and Meituan Begin Cooperation.（+/-）
- 700 HK: Tencent Announces New Mobile Game <Monster Hunter: Traveler> in Collaboration with CAPCOM (+)
- 700 HK: Ex-CAPCOM Renowned Game Producer Joins Tencent’s Lightspeed Japan Studio (+)
China Property Developers In Distress – Weekly News & Announcements Tracker | Nov 8-14, 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 the sources
[Blue Lotus Daily]:BEKE US/1211 HK/TSLA US/1810 HK/XPEV US/NIO US/LI US/ATAT US/BIDU US
- BEKE US: Government cut property transaction related taxes, saving 2.5%-4.5% of transaction costs per unit(+)
- 1211 HK/TSLA US/1810 HK/XPEV US/NIO US/LI US: EV deliveries in the 45th week of 2024, Xiaomi rebounds, Tesla is strong, NIO and Xpeng are weak （///////////）
- ATAT US: Atour Pillow’s Double 11 Sales Exceed Expectations, Reaching RMB520mn（+）
# 71 India Insight: Tata Comm Divest Business, LTI Innovation Hub, Tata Motors Separates PV Business
- Tata Communications Divests INR 330 Crores ATM Business to TSI
- Tata Motors to Separate Passenger and Commercial Vehicles Business Segments
- LTIMindtree Opens 6,500 Sq. ft. Innovation Hub in Houston, Texas
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