In today’s briefing:
- Ohayo Japan | Trump Guilty
- #4 India Insight: India Gets S&P Upgrade, Adani Green Ambition Creates Doubt, Jio App Launch
- Banks Prefer Bonds
- China Property Developers In Distress – Weekly News & Announcements Tracker | May 24-30, 2024
- [Blue Lotus Daily]:NIO US/1810 HK/ LI US/BEKE US/981 HK/1347 HK/ACMR/9926 HK
- [Blue Lotus Daily – TMT Update]:700 HK/BIDU US/SE US/BABA US/1519 HK
- China’s Internet Giants Lead the Way Raising $6.5 Billion Through Convertible Bonds
- #8 Business Buzz: BHP’s Setback, China Fine on PwC, Tesla’s FSD in China, Slower US GDP, Twitter
Ohayo Japan | Trump Guilty
- Donald Trump has been found guilty on all 34 counts of falsifying business records, sparking market concerns.
- Stocks closed lower Thursday, led by Salesforce’s worst day in nearly two decades, down 19.7% on weak revenue.
- Kansai Paint (4613) announced a share buyback of up to 80 billion yen, purchasing up to 40 million shares (19.01% of issued shares)
#4 India Insight: India Gets S&P Upgrade, Adani Green Ambition Creates Doubt, Jio App Launch
- S&P Upgrades India’s Outlook: Positive Signals for the Indian Economy
- Jio Financial Services Launches ‘JioFinance’ App: A Leap Towards Digital Financial Inclusion
- Adani Green ambitions are running short says global analyst; raising concern on capital and returns
Banks Prefer Bonds
- The JGB market is doing the BoJ’s work for it
- Japanese financials will continue to perform in this market environment
- US bonds follow the same pattern as inflation and bond issuance rises
China Property Developers In Distress – Weekly News & Announcements Tracker | May 24-30, 2024
- This note is 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
[Blue Lotus Daily]:NIO US/1810 HK/ LI US/BEKE US/981 HK/1347 HK/ACMR/9926 HK
- NIO US/1810 HK/ LI US: EV sales in the 20th week of 2024 NIO, Xiaomi and LI performed well(/////)
- BEKE US: Shanghai implements central government policies to further stimulate property market demand from nine aspects.(+)
- 981 HK/1347 HK/1810 HK/ACMR/China semiconductor: China launches Big Fund III to support semiconductor development (+)
[Blue Lotus Daily – TMT Update]:700 HK/BIDU US/SE US/BABA US/1519 HK
- 700 HK: Tencent’s <DNF Mobile> achieved nearly RMB 1 bn gross billings in the first week of the operation(+)
- 700 HK: Tencent will release a mobile version of the classic basketball game <NBA 2K All-Star>. (+)
- BIDU US: Baidu Apollo received complaints from users in the important city of Wuhan, saying that autonomous driving caused traffic congestion(/)
China’s Internet Giants Lead the Way Raising $6.5 Billion Through Convertible Bonds
- More Chinese technology companies might turn to convertible bonds after Alibaba Group Holding Ltd. and JD.com Inc. raised a combined $6.5 billion through such notes, said UBS, the joint book runner for JD.com’s issuance.
- Both enterprises said the proceeds will be used for share buybacks, which are expected to boost their stock prices and show some positive signs in the capital market for other Chinese tech companies, Selina Cheung, co-head of UBS Asia equity capital markets, said Tuesday.
- Chinese e-commerce giant JD.com announced the completion of its $2 billion offering of convertible senior notes last Thursday.
#8 Business Buzz: BHP’s Setback, China Fine on PwC, Tesla’s FSD in China, Slower US GDP, Twitter
- BHP Group Ltd (BHP US) Faces Setback in Copper Ambitions After Failed Anglo-American Takeover Attempt
- China Considers Record Fine and Suspension for PwC Over Evergrande (3333 HK) Audits
- Elon Musk Agrees to Testify in SEC Probe of Twitter Inc (TWTR US) Acquisition
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
