In today’s briefing:
- Semiconductor Events Deserving Your Attention @ 9/7/23
- Ohayo Japan | Weak Payrolls=Lower Rates; Weaker USD; NUGGET:Heat Pumps-The Future of Cooling/Heating
- Japan Screen | Nikkei Dividend Stocks
- China TMT Update Jul.10-Baba/LKNCY/BEKE-Ant Group Fine/COTTI Downgrade Promotion/Home Decoration Biz
- Weekly Stock Bullfinder – Week of 7/10
- Crypto Frontier
Semiconductor Events Deserving Your Attention @ 9/7/23
- Global semiconductor sales amounted to $40.7 billion in May’23. This represented an increase of 1.7% MoM and a 21.1% decline on a year-ago basis
- Samsung pre-announces Q2’23 sales and operating profit slightly down sequentially
- HMB3 standard launched. SK Hynix wins a critical HMB3 design win at NVIDIA
Ohayo Japan | Weak Payrolls=Lower Rates; Weaker USD; NUGGET:Heat Pumps-The Future of Cooling/Heating
- OVERSEAS. SPX -0.3% and down WoW; Weak Payrolls numbers lead to fall in US 2Yr to 4.95%, USD weakness; This week – packed schedule with CPI; Watch Bank earnings
- JAPAN. NKY Futs flat vs Cash; USDJPY 142.2, on weaker US payrolls; JP companies struggle to lift ROE due to expanding Equity Base (=more buybacks?); Kishida to reshuffle cabinet
- NUGGET. Heat Pumps – A Big Deal for Daikin(6367)/Melco(6503). A large addressable, and growing market, and great for the environment. Yes, you should get excited!
Japan Screen | Nikkei Dividend Stocks
- The Nikkei has recently launched two new equity indices for investors that are focused on dividends.
- We highlight some similarities and differences with the well-known US S&P 500 Dividend Aristocrats Index
- We carry out a quick and simple screen of the Nikkei constituents to find the best dividend stocks to buy
China TMT Update Jul.10-Baba/LKNCY/BEKE-Ant Group Fine/COTTI Downgrade Promotion/Home Decoration Biz
- BABA: Ant Group fine to be announced, but listing unlikely until 2024 (+)
- LKNCY: COTTI Coffee downgrade its promotion campaign, and Coffee price war is gradually easing (+)
- BEKE: Beike is exploiting new opportunity in home decoration business, and Beike Group Decoration delivered its first batch of projects in Tianjin
Weekly Stock Bullfinder – Week of 7/10
- Energy- Rotation to Laggards or Something More Brewing?
- The worst S&P 500 sector so far in 2023 has been energy which is down almost 8% getting trounced by the technology and communication services sectors.
- Inflation readings have benefited so far by energy “staying in the box” in 2023 versus the wild price spikes to $5/gallon gasoline and above which occurred last spring.
Crypto Frontier
- Bitcoin Depot, a North American Bitcoin ATM firm, took a significant leap last week, diving into public markets through an $885 million SPAC transaction.
- This move marks the company as the first pure-play operator in the industry to pursue such an avenue, a distinct endeavor in a field dotted with complexity and uncertainty.
- Within the past few years, we’ve seen several crypto SPAC deals, such as cryptocurrency miner Core Scientific and digital rewards and crypto platform Bakkt Holdings, successfully step into the public arena.
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