In today’s briefing:
- Semiconductor Events Deserving Your Attention @9/1/2024
- Ohayo Japan | Stocks Retreat; Earnings & Corp Gov Drive Japan
- Rough Road Ahead for US Commercial Real Estate but Industrial CRE Is Rooted to Outperform Others
- [Blue Lotus Daily]: LKNCY/0000625 CH/1211 HK/300750 CH/QS/NIO/LI/2618 HK/ZTO/002352 CH/600233 CH
- [Blue Lotus Daily – TMT Update]: BABA/SE/PDD/3690 HK/NTES/700 HK/AMZN/MELI/CPNG
- Weekly Sustainable Investing Surveyor – Week Ended January 5, 2024
Semiconductor Events Deserving Your Attention @9/1/2024
- Nanya 12/23 revenues NT$ 3,162 million, +10% MoM, +31.73% YoY. UMC 12/23 revenues NT$ 16,979,226. -9.6% MoM, -18.9% YoY. Samsung Q423 Sales Flat, Op Profit +16% QoQ
- Quintaurius, a RISC-V collaboration between Bosch, Infineon, Nordic, NXP & Qualcomm, launched in Germany
- Intel takes delivery of the first ASML High-NA EUV tool. It’s a great photo opportunity but that’s about as far as it goes
Ohayo Japan | Stocks Retreat; Earnings & Corp Gov Drive Japan
- Overseas: US stocks lower on slight rise in 10Y; less chance of early rate cut; Boeing down again
- Today: NKY futures point to slight uptick (+0.3% v cash); Toyota China sales down for second year running
- Corporate: Honda to power EVs with nuclear charging; Mit Corp to spend Y100b on green hydrogen
Rough Road Ahead for US Commercial Real Estate but Industrial CRE Is Rooted to Outperform Others
- Growth in commercial real estate to be subdued in 2024 due to weak demand, especially for office spaces.
- Concerns over CRE loan defaults grow stronger as the industry faces a liquidity crunch.
- Delinquency rates of commercial real estate loans rise for five consecutive quarters till Q32023.
[Blue Lotus Daily]: LKNCY/0000625 CH/1211 HK/300750 CH/QS/NIO/LI/2618 HK/ZTO/002352 CH/600233 CH
- Coffee Industry: Cotti Coffee promote the application of commercial robots, which we deemed as a gimmick (+)
- 1211 HK/300750 CH/ QS:US solid start battery startup posted positive test result and stock rose 40% (/)
- 2618 HK/ZTO/002352 CH/600233 CH/1519 HK/002120 CH/002468 CH: MOT announces new regulations on express parcel delivery (+/+/-/-/-/-/-)
[Blue Lotus Daily – TMT Update]: BABA/SE/PDD/3690 HK/NTES/700 HK/AMZN/MELI/CPNG
- BABA/ SE/ PDD: Lazada mass-layoffs also in China offices (+/+/-)
- NTES: Local media published an article addressing the issue of underage top-up in NetEase’s mobile game <Eggy Party> (/)
- 700 HK: The New Year event operation of <CrossFire Mobile> is a success.(+)
Weekly Sustainable Investing Surveyor – Week Ended January 5, 2024
- The WTR Sustainable Index was down by 3.2% W/W versus the S&P 500 Index (down 1.5%), the Russell 2000 Index (down 3.7%), and the Nasdaq Index (down 3.1%).
- Energy Technology (13.7% of the index) was down by 6.5%, while Industrial Climate and Ag Technology (50.6% of the index) was down 2.1%, ClimateTech Mining was up 10.3%, and Advanced Transportation Solutions was down 6.7%.
- Top 10 Performers: AEVA, WAVE, PEV, PTRA, QS, PGTK, EFLVF, NXH, LIS, TMC
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