In today’s briefing:
- Ohayo Japan | Snoozing Ahead of Nvidia Results
- #1Business Buzz: Countering China’s Dominance, Steel Tariff on China, TSMC, ASML, NVIDIA Q1 Results
- [Blue Lotus Daily]:BEKE US/300274 SZ/1211 HK/300750 SZ/LI US/XPEV US/NIO US/1810 HK/BIDU US
- [Blue Lotus Daily – TMT Update]:NTES US/700 HK/PDD US /BABA US /JD US /3690 HK/VIPS US/BIDU US
- China Gas Utilities: Dark Horses?
Ohayo Japan | Snoozing Ahead of Nvidia Results
- US stocks closed in the green, with record highs for both the tech-heavy Nasdaq Composite and the benchmark S&P 500
- Carlyle Group is launching a 430 billion yen ($2.8 billion) Japan-focused fund, one of the largest in the country’s private equity sector.
- Apan aims to sell 12 million next-generation software-defined vehicles (SDVs) domestically and internationally by 2030, targeting a 30% global market share
#1Business Buzz: Countering China’s Dominance, Steel Tariff on China, TSMC, ASML, NVIDIA Q1 Results
- German Treasury Secretary Yellen Urges US-Europe Collaboration to Counter China’s Industrial Dominance
- ASML Holding NV (ASML NA) and Taiwan Semiconductor (TSMC) (2330 TT) Prepared to Disable Advanced Chipmaking Machines in Case of Chinese Invasion of Taiwan
- NVIDIA Corp (NVDA US) to Release Earnings Amid AI-Driven Growth Surge
[Blue Lotus Daily]:BEKE US/300274 SZ/1211 HK/300750 SZ/LI US/XPEV US/NIO US/1810 HK/BIDU US
- BEKE US: Visiting volume surged in the first weekend after new stimulus, and transactions increased slightly.（+）
- 300274 SZ/1211 HK/300750 SZ/LI US/XPEV US/NIO US: Except for electric vehicles, new energy exports in April were hardly positive, indicating that capturing consumers is the key to offsetting geopolitical restrictions(///////////)
- BEKE US: Sluggish New Home Sales Prompt the PBOC to Introduce Further Stimulus Policies. (+)
[Blue Lotus Daily – TMT Update]:NTES US/700 HK/PDD US /BABA US /JD US /3690 HK/VIPS US/BIDU US
- NTES US/700 HK: The NPPA has released the results for May’s domestic game code license approvals.(+)
- PDD US /BABA US /JD US /3690 HK/VIPS US : NBS publishes data social retail consumption data for April 2024 (+/+/+/+/-)
- 700 HK/BIDU US: Tencent announced the upcoming release of its consumer LLM application “Tencent Yuanbao.”（/////）
China Gas Utilities: Dark Horses?
- Except ENN Energy (2688 HK), many stocks in the China gas utilities sector are still underperforming the HSI and HSCEI YTD. Yet, industry fundamentals are improving.
- More cities and counties will implement a gas price pass-through mechanism, with 90% of cities and counties to be completed by late 2024, benefiting sector profitability.
- Consensus forecasts are still conservative which places room for pick-up in share prices. CR Gas (1193 HK) and China Gas Holdings (384 HK) are opportunities.
💡 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
