In today’s briefing:
- Ohayo Japan | Positive Notes
- Japan Morning Connection – 29 July 2024
- GEMWeekly (26 Jul 2024): PBOC Cuts Rates; South Korea, Thailand Macro; Kakao, Tencent, Samsung
Ohayo Japan | Positive Notes
- US stocks ended a volatile week on a positive note as promising inflation data bolstered investor sentiment.
- KEYENCE reported a net income of 93.5 billion yen for April-June 2024, a 10% increase year-on-year and a record high for the fourth consecutive year
- Strategic Capital acquired a 5.02% stake in Yellow Hat, as revealed in a large shareholding report submitted to the Kanto Finance Bureau.
Japan Morning Connection – 29 July 2024
- Despite management’s plans for buybacks, restructuring, and debt reduction, Sanken’s stock fell below preannouncement levels and appears mispriced.
- Strong results from US homebuilders and the Electronic Materials sector suggest positive momentum for Japanese firms like Sumitomo Forestry, Sekisui House, and Shin-Etsu.
- With 50% of operating profit coming from China, Screen is vulnerable to US trade restrictions. Despite a positive earnings report, concerns over these issues may dampen sentiment
GEMWeekly (26 Jul 2024): PBOC Cuts Rates; South Korea, Thailand Macro; Kakao, Tencent, Samsung
- The Global Emerging Markets Weekly summarizes the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- Macro data points: South Korean and Thailand GDP growth data.
- Companies mentioned:Kakao Corp (035720 KS), Tencent (700 HK), Samsung Electronics (005930 KS)
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