In today’s briefing:
- Ohayo Japan | Stocks Climb Amid Treasury Pick Optimism
- Japan Morning Connection: Time to Revisit the Most Bungled Conglomerate Left Standing?
- Thematic Report : India Inc Q2FY25 Earnings Review and Highlights
- Maharashtra Elections Inject Optimism into Indian Markets
- The Stocks to Own in China – Vol. 34
- Thematic Report: Bets Beyond the Giants, How Institutional Investors Are Betting on Smaller Stocks
- The Stocks to Own in Thailand – Vol. 47
- Higher Exchanges Recap – Adapting to Change with AYR Interim CEO Steven M. Cohen
Ohayo Japan | Stocks Climb Amid Treasury Pick Optimism
- Markets rallied as traders welcomed Donald Trump’s nomination of hedge fund veteran Scott Bessent for Treasury Secretary
- Elliott Management, an activist shareholder, has reportedly sold its stake in DNP
- Fast Retailing reaffirms its commitment to China, despite global decoupling trends.
Japan Morning Connection: Time to Revisit the Most Bungled Conglomerate Left Standing?
- Tech strong despite market rotating out of NVDA, with EV related gaining on Cali plan.
- Home builders surge on Bessent’s nomination; expect a strong follow through for JP related plays.
- Activists are on the hunt in Japan – how long before someone starts building a stake in Kyocera?
Thematic Report : India Inc Q2FY25 Earnings Review and Highlights
- Overall, the outlook for corporate earnings in India remains challenging, with downward revisions in key financial metrics and sectors.
- The weak performance in Q2 highlights the impact of various economic factors on company profits. Some positive signs such as expected govt spending & improved rural demand, could boost H1FY25
- The current valuation of the Nifty and broader market suggests that there may be limited upside potential in the near term.
Maharashtra Elections Inject Optimism into Indian Markets
- The NDA’s landslide victory in Maharashtra has ushered in a period of political stability, boosting market sentiment and investor confidence. This will increase government spending on infrastructure & rural development.
- Analysts predict a modest recovery in corporate earnings in the second half of the fiscal year, potentially triggering a “mini risk-on rally”.
- While women-centric welfare schemes contributed to the NDA’s success, concerns arise regarding their potential strain on state finances.
The Stocks to Own in China – Vol. 34
- We highlight 10 stocks in China that look interesting to us based on our FVMR Methodology
- Portfolio changes: Three stocks remain, seven new join the fray
- Since inception, it has gained 172% versus the CSI 300 Index’s return of 62%
Thematic Report: Bets Beyond the Giants, How Institutional Investors Are Betting on Smaller Stocks
- Overall, the declining HHI across various investor categories in the Indian securities market indicates a positive trend towards diversification and broader exposure.
- This shift towards mid- and small-cap stocks suggests that investors are seeking growth opportunities amidst high market valuations.
- The net outflows from FPIs, particularly concentrated in the top 100 stocks, indicate a shift in investment focus towards smaller companies. While sectoral analysis reveals disparities in concentration.
The Stocks to Own in Thailand – Vol. 47
- We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
- Portfolio changes: Seven stocks remain, seven new join the fray
- Since inception, it has gained 126% versus the SET 100 Index’s return of 34%
Higher Exchanges Recap – Adapting to Change with AYR Interim CEO Steven M. Cohen
- Higher Exchanges is a weekly cannabis-investing conversation hosted by WTR’s Head of Cannabis, Jesse Redmond, and Morgan Paxhia, co- founder of Poseidon.
- Those interested can listen to the podcast on Apple Podcasts, Spotify, or X Spaces.
- This week’s podcast began with an analysis of Green Thumb Industries’ (CSE: GTII, OTCQX: GTBIF) investment and transformation of Agrify (NASDAQ: AGFY).
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