In today’s briefing:
- S-REITs: Climate Disclosures and Inclusion in ESG-Related Equity Indexes
- Thematic Report : Is It Time to Bet on Indian Large Caps?
- Ohayo Japan | Oil Cools; Shin-Etsu to Build New Japan Plant
- India Elections | Pandits from Phalodi
- 2024 Capital Market Outlook – Seize the Historic Opportunity of the Upcoming Dollar Reset
- The Highlights – Cannabis News for the Week Ending April 5, 2024
- Furniture/Furnishings Weekly – Office Index Outperforms
S-REITs: Climate Disclosures and Inclusion in ESG-Related Equity Indexes
- New SGX climate-related disclosure requirements based on ISSB’s standards are more stringent than current requirements, most notably regarding mandatory Scope 3 emissions reporting.
- The implications for S-REITs are significant. Real Estate is one of the most emissions-intensive sectors, and Scope 3 emissions comprise 85-95% of total emissions for real estate companies.
- Motivated by a strong “business case” for best-in-class climate performance and transparency, many S-REITs are ahead of the curve, evidenced by prominence in climate-related indexes.
Thematic Report : Is It Time to Bet on Indian Large Caps?
- When will large-cap stocks rally? Will large-cap stocks outperform mid-caps and small-caps in 2024?
- To answer this we have taken a look at certain fundamental parameters which can help you to make an overall informed decision.
- Interesting fact on large caps – As of FY22, the top 20 companies in India generate 80% of the total profits generated by India Inc
Ohayo Japan | Oil Cools; Shin-Etsu to Build New Japan Plant
- Stocks closed Monday with minimal changes amid rising interest rates and anticipation of key U.S. inflation data
- The number of companies listed on the Tokyo Stock Exchange’s Prime market has decreased by 20% since the market restructuring two years ago
- Shin-Etsu Chemical Co Ltd (4063): Shin-Etsu Chemical will construct its first new plant in Japan in 56 years, aiming to bolster semiconductor supply chains
India Elections | Pandits from Phalodi
- We visit the small, sandy town of Phalodi known for its betting market known as “Satta Bazaar”.
- The people of Phalodi bet on anything and have been known for making accurate predictions about major events like the Elections.
- The pundits anticipate more traction in terms of their seat estimates starting from April 10th, 2024. The tentative estimates currently stand at 330-340 seats for the BJP.
2024 Capital Market Outlook – Seize the Historic Opportunity of the Upcoming Dollar Reset
- When there are not enough assets in the US to “store” the huge amount of dollar liquidity, the dollar reset would begin once the rate hike cycle peaks.
- The depreciation of dollar would be inevitable. The US commercial real estate default is drawing near. The climax of the US dollar’s troubles could come in 2026 and 2027.
- We don’t recommend investors and countries/regions to continue holding all dollar-denominated bonds, but instead switch to commodities and physical assets. We hope that investors can control risks ahead of time.
The Highlights – Cannabis News for the Week Ending April 5, 2024
- In a volatile week, the US cannabis MSOS ETF gained 1.10%, while the global YOLO ETF climbed 3.92% on continued strength of select Canadian names.
- YTD, MSOS is +49.70% and YOLO is +39.47%.
- AYR Wellness (CSE: AYR, OTCQX: AYRWF) finished at +8.47% and had the strongest week among the larger operators.
Furniture/Furnishings Weekly – Office Index Outperforms
- The Water Tower Research Office Index posted the best relative performance of the week, up 1.6%, compared with the other indexes, which fell between 1% and 2.8%.
- Both the Residential Manufacturers (-4.4%) and Home Goods Retailers (-5.1%) had rough weeks on a relatively quiet news front.
- Bassett reported its 1QFY24 results, missing our revenue and EPS estimates.
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