In today’s briefing:
- Ohayo Japan | Stocks Tumble Again
- SEBI’s New Derivative Product: Specialized Investment Fund (SIF), Game Changer
- #113 India Insight: Reliance Fights $2.81B Demand, Haldiram’s Deal Stalls, SEBI Hits BSE Volumes.
- Japan Morning Connection: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop
- February 2025: A Challenging Month for India’s Commercial Vehicle Industry
- South African Listed Property Review February 2025
Ohayo Japan | Stocks Tumble Again
- The S&P 500 fell 1.2% to a four-month low after fresh U.S. tariffs on Canada, Mexico, and China took effect
- The Trump administration’s tariffs on Mexico, Canada, and China will significantly impact the automobile industry
- UNIQLO domestic same-store sales, including e-commerce, rose 12.2% year-on-year in February, driven by strong sales of winter clothing
SEBI’s New Derivative Product: Specialized Investment Fund (SIF), Game Changer
- SEBI’s new Specialized Investment Funds (SIF) bridge the gap between mutual funds and PMS, offering sophisticated investors greater flexibility and advanced strategies.
- Launching April 1, 2025, SIFs grant access to complex derivatives and alternative investments, demanding careful review due to their high-risk nature.
- With a minimum investment of ₹10 lakh, SIFs offer dynamic portfolio allocation across equity, debt, and hybrid strategies, enhancing diversification and risk-adjusted returns.
#113 India Insight: Reliance Fights $2.81B Demand, Haldiram’s Deal Stalls, SEBI Hits BSE Volumes.
- Reliance Industries (RIL IN) faces a $2.81 billion demand in a gas dispute, plans to challenge Delhi High Court ruling in Supreme Court.
- Haldiram’s stake sale faces delays as market downturn prompts Blackstone (BX US) to exit, citing high valuations; Temasek Holdings Pte Ltd (TMSK SP) interest continues.
- SEBI’s new open interest rules may impact BSE’s trading volumes, prompting Goldman Sachs Group (GS US) to cut its target price to Rs. 4,880.
Japan Morning Connection: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop
- TSMC higher on news from the day before it is investing heavily in US fab capacity.
- Continental AG -11.6% after earnings miss sets a poor tone for JP tire makers Bridgestone, Toyo, Yokohama and Sumitomo.
- All eyes on Trumps speech to congress this morning, although markets should be firm off the open.
February 2025: A Challenging Month for India’s Commercial Vehicle Industry
- The Indian commercial vehicle industry witnessed a subdued performance in February 2025, with listed companies reporting modest sales figures.
- This insight provides detailed analysis of sales performance of key players-Tata Motors Ltd (TTMT IN),Mahindra & Mahindra (MM IN),Ashok Leyland (AL IN),Eicher Motors (EIM IN)& Maruti Suzuki India (MSIL IN).
- Industry reports and management insights indicate that the commercial vehicle market is expected to remain largely stable in FY2025, with hopes for positive growth in FY2026.
South African Listed Property Review February 2025
- February proved to be largely directionless for SA listed property, with the J803 All Property Index up a paltry 0.27%.
- Macro instability has certainly not aided, and the Government of National Unity not being able to deliver a budget on schedule certainly was not a plus.
- Latest Rode research continues to point to the Office sector as having bottomed, and Industrial continues to perform well. While the Clur Index shows that Retail continues to perform soundly.
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