In today’s briefing:
- SEBI on Review of Eligibility Criteria of Stock Derivatives in India
- Ohayo Japan | An Apple Day
- Taiwan Semis May ’24 Revenue Roundup. Looking Good Across The Board
- How to Stimulate China’s Consumption? Part I
- #12 India Insight: SBI & Union Bk Fundraise, Tata Steel, Persistent System & Google, Dominos Target
- #16 Business Buzz: Apple AI, GM’s Buyback, Alaska Air Case and Ola Electric IPO
- Crypto Datacenters NAV
- Weekly Sustainable Investing Surveyor – Week Ended June 7, 2024
SEBI on Review of Eligibility Criteria of Stock Derivatives in India
- SEBI released consultation paper to reassesses stock derivatives eligibility criteria in line with the market growth.
- Aiming to improve liquidity and reduce manipulation with new entrants and removal of some illiquid stocks.
- Nuvama released list of stocks that can be possible part/exit from F&O if this consultation paper implemented.
Ohayo Japan | An Apple Day
- U.S. stocks mostly climbed on Tuesday, driven by a surge in Apple Inc., which soared 7.3% to a new record, marking its largest gain since November 2022
- Japan and the U.S. to enhance defense industry cooperation, focusing on joint missile production, ship and aircraft repair
- Daiwa Securities Group will acquire a 25 billion yen ($159 million) stake in Japan’s Aozora Bank, raising its ownership to about 20%.
Taiwan Semis May ’24 Revenue Roundup. Looking Good Across The Board
- ASPEED blazing a trail with 92.9% YoY revenue growth in May
- Quanta, WiWynn, TSMC and Nanya all > 30% YoY revenue growth in May
- TSMC looking likely to exceed 30% YoY revenue growth in 2024
How to Stimulate China’s Consumption? Part I
- Counting of consumption differs among different countries. Chinese definition of consumption (social retail sales) leave out many categories that are included in the definition of consumption of Japan and US;
- If we trim the consumption of Japan and US by adopting China’s definition, China actually over-consumes, both by GDP and by individual categories;
- If we expand and align China, Japan and US to consist the same categories, the conclusion of China underconsumption becomes true. The categories belong to an older and wealthy society.
#12 India Insight: SBI & Union Bk Fundraise, Tata Steel, Persistent System & Google, Dominos Target
- State Bank Of India (SBIN IN) and Union Bank Of India (UNBK IN) Board Approves Fundraise in form of Debt and Equity
- Tata Steel Ltd (TATA IN)‘s £1.25 Billion Investment at Risk Amid UK Political Uncertainty
- Jubilant Foodworks (JUBI IN)’s India Reaches Milestone of 2,000 Stores, Plans Further Expansion
#16 Business Buzz: Apple AI, GM’s Buyback, Alaska Air Case and Ola Electric IPO
- Apple (AAPL US) ’s AI debut was going to be a complicated one considering challenges highlighted privacy concerns over partnership with Chat GPT.
- General Motors (GM US) Approves $6 Billion Share Buyback Amid Strong Gasoline Vehicle Demand
- Alaska Air Group (ALK US) Loses Appeal in $160 Million Trademark Case with Virgin America (VA US) Group
Crypto Datacenters NAV
- There’s a gold rush in the world of AI for not just GPUs, but for datacenters and the power connections that supply them.
- Imagine this, you just bought 100,000 GPUs from Nvidia and you don’t have a place to put them or the power to feed them.
- Not being first to market is a huge cost, as the GPU pay back times are very quick right now even for the H100.
Weekly Sustainable Investing Surveyor – Week Ended June 7, 2024
- The WTR Sustainable Index was down 3.6% W/W versus the S&P 500 Index (up 1.3%), the Russell 2000 Index (down 2.1%), and the Nasdaq Index (up 2.5%).
- Energy Technology (14.6% of the index) was down by 4.6%, while Industrial Climate and Ag Technology (58.5% of the index) was down by 3.4%, ClimateTech Mining was down 8.5%, and Advanced Transportation Solutions (21.0% of index) was down 2.9%.
- Top 10 Performers: RCKTF, NVVE, ROOF, CVW, GMGMF, NAAS, WPRT, OESX, COMM, AMSC
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