In today’s briefing:
- Ohayo Japan: Stocks & SOX Higher; JapanX – Delayed UK Climate Plans Threaten Heat Pump Adoption
- Australia Banks – New Data Suggests Weaker Profit, Primarily from Loan Volume & Credit Costs
- China Property Developers In Distress – Weekly News & Announcements Tracker | 22-28 September 2023
- Restaurant & Retail Roundup – Interview with Build-A-Bear Workshop (BBW)
Ohayo Japan: Stocks & SOX Higher; JapanX – Delayed UK Climate Plans Threaten Heat Pump Adoption
- OVERSEAS: US stocks +0.6% – its all macro at the moment – higher interest rates, oil price volatility; US 30y mortgage rates now at 7.3%; Nike earnings beat
- JAPAN: NKY Futures +0.4% vs cash. Toyota Aug production +4%; EPCOs to lower residential electricity prices; Sony’s Game unit gets new interim boss.
- JAPAN X: Daikin’s concerns about the UK Government backtracking on its climate pledge highlight our concerns over heat pump adoption
Australia Banks – New Data Suggests Weaker Profit, Primarily from Loan Volume & Credit Costs
- Newly released data in Australia suggests worsening earnings for banks in the coming 1-2 quarters at least, from both less credit volume and higher credit costs.
- Retail sales figures are just out with the YoY change continuing to grind lower, now at only 1.45% with implications for credit card transactions and consumer underlying strength.
- General Business Situation survey for next 6 months is now lower than its trough in year 2020. New median house price data shows negative growth for 3 consecutive quarters.
China Property Developers In Distress – Weekly News & Announcements Tracker | 22-28 September 2023
- A weekly curated selection of Chinese news articles and company announcements focused on developers in distress
- We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
- We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources
Restaurant & Retail Roundup – Interview with Build-A-Bear Workshop (BBW)
Monthly report on restaurant and retail companies. At Water Tower Research, we are introducing a new monthly report to focus exclusively on the Restaurant and Retail Industries.
Our report will focus on stock performance, short interest, an outlook for restaurant commodity costs, interesting themes, and company interviews.
In this note, we interviewed Gary Schnierow, Vice-President of Investor Relations, and Corporate Finance for Build-A-Bear Workshop, Inc. (NASDAQ: BBW).
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