In today’s briefing:
- Semiconductor Real Time Indicators Update
- Ohayo Japan | US PCE In-Line with Expectations
- China Property Developers In Distress – Weekly News & Announcements Tracker | Mar 22-28, 2024
Semiconductor Real Time Indicators Update
- Taiwan companies are required to report revenue on a monthly basis. These updates can help us understand how a given quarter is progressing & predict quarterly earnings ahead of time
- Initially we focused on MoM % increase/decrease. This is useful, but one needs to account for anomalies such as seasonality and potential non-linearity month to month within a given quarter
- We now also provide the monthly YoY revenue comparison. This eliminates anomalies due to both seasonality and intra-quarter non-linearity, enabling a clearer perspective on where the industry is at.
Ohayo Japan | US PCE In-Line with Expectations
- The personal consumption expenditures price index, which excludes food and energy, rose by 2.8% YoY, meeting expectations. Compared to the previous month, it also went up by 0.3%, as predicted.
- The ratio of cashless payments to total consumption in Japan hit a record high of 39.3% in 2023, marking a 3.3 percentage point increase from the previous year
- Denso announced its decision to divest all Toyota Industries shares; Miura Kogyo announced its acquisition of Cleaver-Brooks, a US-based company
China Property Developers In Distress – Weekly News & Announcements Tracker | Mar 22-28, 2024
- This note is a weekly curated selection of Chinese news articles and company announcements focused on developers in distress
- We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
- We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources
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