In today’s briefing:
- Real Estate: Recovery Among Active GEM Funds
- Japan Weekly | Market Resilience – Honda, MMC, Sega
- #76 India Insight: Cochin’s ₹450 Cr Tug Order, Dixon’s Refrigerator Play, Wabag’s African Expansion
- Singapore Market Roundup (27-Dec-2024): OCBC raises Keppel DC REIT value.
Real Estate: Recovery Among Active GEM Funds
- Real Estate exposure among active Emerging Market funds is rebounding after a decade-long bear market from 2012-2022.
- Average weights are at their highest levels in 10 years. Despite this recovery, Real Estate remains a “non-essential” sector, with 23% of funds avoiding exposure entirely.
- Country-Level trends highlight a rotation from China into the U.A.E, driven by record-high fund ownership in names like Emaar Properties Pjsc (EMAAR UH) and Aldar Properties PJSC (ALDAR UH)
Japan Weekly | Market Resilience – Honda, MMC, Sega
- Japan’s markets displayed resilience this week, with the Nikkei 225 surging 4% and the Topix climbing 3.7%, buoyed by a weaker yen that bolstered exporter gains
- Honda’s stock soared 25% this week, driven by the announcement of a massive share buyback of up to ¥1.1 trillion
- Sega Sammy’s stock surged 18% this week, fueled by the stellar box office performance of the film Sonic × Shadow
#76 India Insight: Cochin’s ₹450 Cr Tug Order, Dixon’s Refrigerator Play, Wabag’s African Expansion
- Cochin Shipyard Ltd (COCHIN IN) has secured a Rs. 450 crore order to build tugboats for Adani Ports & Special Economic Zone (ADSEZ IN) , signalling growth in India’s shipbuilding industry.
- Dixon Technologies India Ltd (DIXON IN) is expanding beyond electronics manufacturing by entering the refrigerator market through a partnership with Cellecor Gadgets.
- VA Tech Wabag (VATW IN) is making waves with a Rs. 700 crore wastewater treatment project in Zambia, highlighting its commitment to sustainable solutions and expansion across the African market.
Singapore Market Roundup (27-Dec-2024): OCBC raises Keppel DC REIT value.
- OCBC Investment Research increases fair value for Keppel DC REIT thanks to improved portfolio diversity and performance.
- DBS sticks with ‘buy’ recommendation for ComfortDelGro despite higher platform fees, citing CPF contribution costs.
- Both recommendations reflect positive outlook for these companies in light of recent market changes.
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