In today’s briefing:
- Ohayo Japan | Super Micro Has Gamestop Moment; Eyes on Nvidia This Week
- China Tourism and Hospitality Industry: Roundup of a Solid CNY
- Japanese Reforms Slowly Kicking In
Ohayo Japan | Super Micro Has Gamestop Moment; Eyes on Nvidia This Week
- US stocks concluded the week on a downward trend as concerns over inflation persisted, diminishing hopes for interest rate cuts.
- In the upcoming holiday-shortened week, investors await insights from the Federal Reserve minutes on monetary policy direction; NVIDIA’s results
- Son-San looking to raise $100 billion to fund an AI chip making venture.
China Tourism and Hospitality Industry: Roundup of a Solid CNY
- Various statistics suggested that China’s tourism and hospitality industry has staged a significant recovery during the 2024 CNY holidays, with traffic surging high double-digit.
- While consumers are more cautious about retail product spending, they are willing to spend more on traveling. Such a trend will continue to bode well for the sector.
- We like OTAs including Tongcheng Travel (780 HK) and Trip.com (9961 HK) despite their YTD surge in share prices. Meanwhile, Air China Ltd (H) (753 HK) stays as the top pick.
Japanese Reforms Slowly Kicking In
- Generated with AI While Japanese stocks have had a banner 2023 and are off to a good start in 2024, the opportunity in Japan remains compelling.
- Especially in the dirt cheap small cap space.
- You can still buy net-nets with 20 years of net income profitability for under 9x earnings , Nichia Steel (TYO 5658) remains a double net-net , and even non net-nets like Nissin (TYO 9066) which announced a big buyback (18% of outstanding shares) trade at 0.
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