In today’s briefing:
- Ohayo Japan | Stocks Rise as Fed Signals Steady Rates, Trump Escalates Tariffs
- Consumer Stocks – Waiting to Catch a Fire
- Data Center: How Indian Companies Are Capitalizing on the Digital Boom?
- Japan Morning Connection: Power/Analog Names Drive SOX Higher, Defence Down
- #105 India Insight: Gold Leasing Rates Surge, Tax Cuts Ease Foreign Firms’ Burden, Unilever Expands
- India –Electric Two-Wheeler Sales Trend – January 2025
- #106 India Insight: Adani Cement Targets 140 Mtpa by 2028; Vedanta Demerger Gets 83% Nod; SEC Probes
Ohayo Japan | Stocks Rise as Fed Signals Steady Rates, Trump Escalates Tariffs
- The S&P gained 0.2% to a record 6,144; Treasury yields fell, with the 10-year at 4.53%; NKY Futs -0.5% vs cash
- Listed companies’ profits are expected to reach a record ¥50 trillion for the fiscal year ending March 2025, up 6% year-on-year
- Mitsui & Co. acquired a 40% stake in the Rhodes Ridge iron ore project in Australia for ¥600 billion
Consumer Stocks – Waiting to Catch a Fire
- Continuing review of the sectors we like for the next phase of the HK/China bull market
- Expectations are so low that there is a high probability of upside surprises
- An unloved sector that will rerate on any positive catalyst
Data Center: How Indian Companies Are Capitalizing on the Digital Boom?
- India’s data center market currently holds an approximately 3% share globally, despite generating 20% of the world’s data which signifies the scope of opportunity.
- ICRA projects India’s data center operational capacity to more than 2x with an estimated investment of Rs. 50k-55k Crs fueled by the increasing demand for colocation services.
- Management of key players like Tata Communications (TCOM IN) and Anant Raj Ltd (ARCP IN) highlight the immense growth potential of the Indian data center market.
Japan Morning Connection: Power/Analog Names Drive SOX Higher, Defence Down
- Good numbers from Analog Devices pointing to a bottom should help likes of Rohm and Fuji Electric.
- SMCI tear continues, will Nidec keep moving up after yesterdays gains?
- Sanken Electric +10.45% yesterday finally starting to catch a bid on ALGM gains.
#105 India Insight: Gold Leasing Rates Surge, Tax Cuts Ease Foreign Firms’ Burden, Unilever Expands
- Gold leasing rates have surged from 2-3% to 6-7%, squeezing jewellers margins. Higher funding costs and volatile gold prices are forcing industry leaders to reconsider pricing strategies.
- Foreign companies in India paid the lowest tax on earnings in over 30 years in FY24, with the tax burden dropping significantly due to corporate tax cuts and GST reforms.
- Despite slow growth in India, Unilever (UL US) remains committed to its local operations, with plans to focus on expanding its beauty & wellbeing segment as part of its 2030 strategy.
India –Electric Two-Wheeler Sales Trend – January 2025
- India’s E-2W witnessed strong performance in January’2025,with registrations reaching 97,680 units. While this marked a recovery from the dip in December’2024,it remained lower than peak months of March and October’2024.
- Ola Electric (OLAELEC IN) led the market,closely followed by TVS Motor (TVSL IN)&Bajaj Auto Ltd (BJAUT IN).Ather Energy (1207922D IN),Greaves Electric Mobility Ltd (GEML) (1295040D IN) also showed steady growth.
- Market continues to be highly competitive,with top three players vying for leadership. Increasing consumer adoption,new product launches, and potential IPOs from key companies indicate dynamic year ahead for E-2W industry.
#106 India Insight: Adani Cement Targets 140 Mtpa by 2028; Vedanta Demerger Gets 83% Nod; SEC Probes
- Adani Cement is actively pursuing acquisitions in South India and the North-East to boost its capacity to 140 MTPA by 2028.
- Vedanta Ltd (VEDL IN) has secured 83% creditor approval for its demerger plan, surpassing the 75% required threshold.
- The U.S. SEC has requested India’s help in investigating Gautam Adani and his nephew over alleged securities fraud and a $265 million bribery scheme.
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