In today’s briefing:
- Ohayo Japan | S&P Hits Record: Japan Passes Budget
- AUCTUS ON FRIDAY – 28/03/2024
- [Blue Lotus Daily]:1810 HK/ATAT/LI/XPEV/NIO/1211 HK
Ohayo Japan | S&P Hits Record: Japan Passes Budget
- US Market Wrap: S&P 500 hits record, Dow inches higher; tech stocks lag.
- Japan Budget: Parliament passes ¥112 trillion budget, emphasizing defense spending, inflation mitigation, and earthquake recovery.
- Stocks Update: Mercari introduces Eco Mercari Delivery; Kubota’s construction equipment business grows; Mitsubishi Electric expands digital workforce.
AUCTUS ON FRIDAY – 28/03/2024
- ADX Energy (ADX AU)C; target price of A$1.00 per share: Logging results at Welchau further derisk the discovery – The logging program has confirmed open fracture networks and vuggy porosity (matrix porosity) essential for well productivity coincident with hydrocarbon shows between 1346 m and 1702 m measured depth.
- This represents 356 m of gross interval across three interpreted lithological sequences.
- This compares with only 115 m of liquids-rich gas shows announced previously.
[Blue Lotus Daily]:1810 HK/ATAT/LI/XPEV/NIO/1211 HK
- 1810 HK: Multiple reports show that Xiaomi‘s new car reservations very popular, but is it effective to skip professional test drives and directly market to the car buyers?（/）
- ATAT: Atour tests a 50% discount promotion on Sunday, bodes well for occupancy rates and revenue.(+)
- LI/1810 HK/XPEV/NIO/1211 HK:The Cyberspace Administration of China publishes regulations on cross-border data flows, which may clear the way for Tesla FSD to enter China（////-/-//）
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