In today’s briefing:
- Ohayo Japan | Roaring Kitty
- Online Game Monitor: May 26-June 2, 2024
- #6 India Insights: Adani’s Rebound, NSE Turnover Surge, SEBI’s Rumor Verification, Welspun & Cummins
- The Stocks to Own in Thailand – Vol. 45
- #10Business Buzz: Tesla’s Insider Trading Allegations, GSK’s Legal Woes, and China’s Property Crisis
- Silicon Box Or Silicon Black Box?
- The Highlights – Cannabis News for the Week Ending May 31, 2024
- Furniture/Furnishings Weekly – June 3, 2024
Ohayo Japan | Roaring Kitty
- The Dow Jones Industrial Average fell 115 points (0.30%) to 38,571.03, starting June with a decline after weak U.S. manufacturing data raised economic concerns.
- GameStop shares surged 21% to $28 on Monday, driven by speculation that Keith Gill, known as Roaring Kitty on X, holds a significant position in the company.
- The MLIT launched investigations into Japan’s auto companies and ordered some companies to suspend sales of specific models with potentially compromised safety features.
Online Game Monitor: May 26-June 2, 2024
- Tencent’s <DNF Mobile> achieved ~RMB 1 billion gross billings (GB) in first week;
- We raised NetEase’s <Condor Hero> gross billing estimate by 10% as it will launch a major update patch in C3Q24;
- The pre-registrations of Bilibili’s new game <Three Kingdom: MDTX> reached 2.5 million. We maintained our RMB 3-4 billion annual gross billing (AGB) in 2025 estimate unchanged.
#6 India Insights: Adani’s Rebound, NSE Turnover Surge, SEBI’s Rumor Verification, Welspun & Cummins
- Adani Group’s overall Market Cap Surges, Rebounding After Hindenburg Report
- Surge in NSE’s Cash Market Turnover Led by Individual Investors
- Welspun Corp (WLCO IN) ‘s EPIC Secures Major Contracts with Saudi Aramco
The Stocks to Own in Thailand – Vol. 45
- We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
- Portfolio changes: Six stocks remain, eight new join the fray
- Since inception, it has gained 121% versus the SET 100 Index’s return of 20%
#10Business Buzz: Tesla’s Insider Trading Allegations, GSK’s Legal Woes, and China’s Property Crisis
- GSK faces trial over Zantac cancer claims, risking costly settlements amid CEO successes
- Elon Musk accused of insider trading by shareholder, selling $7.5 billion in shares before bad news hit
- Beijing’s $42 billion housing bailout insufficient to tackle massive crisis, raising trade tension concerns
Silicon Box Or Silicon Black Box?
- Silicon Box January series B funding round in January 2024 pushed the advanced packaging startup into Unicorn status with a >$1 billion valuation
- In addition to their Singapore based 70,000 sq metre facility, they announced a second, $3.6 billion investment in Italy in March 2024
- Despite their unicorn status and being in business for nigh on three years, we still have no specifics on the precise nature of the advanced packaging technology they are offering
The Highlights – Cannabis News for the Week Ending May 31, 2024
- The US cannabis MSOS ETF drifted 1.84% lower, while the global YOLO ETF slid 0.54%.
- Absent meaningful news, cannabis stocks are being pressured while we wait for the 60-day comment period on the proposed rule to reschedule cannabis.
- Most of the larger MSOs were down last week, with MariMed (CSE: MRMD, OTCQX: MRMD) at -10.46% and Cannabist (NEO: CBST, OTCQX: CBSTF) at -8.06% losing the most.
Furniture/Furnishings Weekly – June 3, 2024
A good week for furniture and furnishings stocks. The Water Tower Research Commercial/Contract Index (+3.5%) and Home Goods Retailers Index (+2.5%) posted strong returns relative to the market (-0.5% to +0.1%) and the Mass Retailers Index (-0.6%).
Our Residential Manufacturers & Suppliers Index (-0.5%) was in line with the broader market.
The China price is now the highest in Asia. According to Science Is Strategic (citing Haver Analytics), unit labor rates in China are now ~2.5x to 4x higher than other Asian countries (see Figure 1).
💡 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
