In today’s briefing:
- The Curious Case of $60M of Bogus US Postage or ‘How Can They Can Make Money Exporting $5 Shirts?!’
- Ohayo Japan |Next: Fed Pause=>HALT! Stocks N; NUGGET: EV Growth => +ve JP Elect Cmpnent Suppliers
- China TMT Update June 13-3690.HK/XPEV/NIO-Douyin Gives up Food Delivery Target,NIO Cut Price,G6 Sale
- ESG Sustainability Report 2023 Metals & Mining ASX 13062023.pdf
- What if God was a hedge fund manager?
- China TMT Update June 14-Luckin/Nayuki/3690.HK:Luckin Sold 39mn Cups of Coffee in the First Week
- Weekly Sustainable Investing Surveyor : Week Ended June 9, 2023
The Curious Case of $60M of Bogus US Postage or ‘How Can They Can Make Money Exporting $5 Shirts?!’
- The scale of fraud in a new US federal criminal complaint – US$60M of fake postage – mirrors the recent dramatic growth of Chinese e-commerce platforms that target US consumers
- The case also highlights the importance of securing cheap last-mile US distribution for the Chinese e-commerce platforms selling inexpensive goods directly to US consumers
- It’s unclear which of the Chinese platforms benefited from the scheme, but the incident should refocus investors’ attention on logistics as a critical piece of their business models
Ohayo Japan |Next: Fed Pause=>HALT! Stocks N; NUGGET: EV Growth => +ve JP Elect Cmpnent Suppliers
- OVERSEAS. Markets Cheers Slowing CPI, Anticipate a Fed “HALT” to Hikes; SPX 0.7% as only Utilities Sector in the Red; China to Roll out Stimulus; AMD News chips -NVIDIA Challenge
- JAPAN. NKY Futs 1.2% vs Cash; Japan Bid Continues; Toyota AGM as EV Strat in Focus; Good news for Softbank -ARM courts Apple, Alphabet as IPO Investors, INTEL is in.
- NUGGET. EV Revolution – Business set to Boom for Electronics Components Makers
China TMT Update June 13-3690.HK/XPEV/NIO-Douyin Gives up Food Delivery Target,NIO Cut Price,G6 Sale
- 3690.HK: Douyin gives up on its food delivery GTV target for 2023 (+)
- XPEV: XPeng G6 gets over 25k orders 72 hours after pre-sale starts (+)
- Nio: NIO cuts car prices by RMB 30k for all models by making battery swapping benefits optional
ESG Sustainability Report 2023 Metals & Mining ASX 13062023.pdf
- Navigating the ESG landscape is challenging for small and mid-caps
- For smaller companies access to competitively priced capital is perhaps the single most important challenge
- ESG / Sustainability Report provides an opportunity for small and mid-cap miners on the ASX
What if God was a hedge fund manager?
- Bill Miller1 once asked himself; “What if God himself was an investor?”.
- Whether you believe in a higher power or not, the idea is that God is blessed with divine omniscience; he knows everything that is and everything that will be.
- With precision foresight and a long-term outlook, it reasons that he would be a pretty solid stock picker.
China TMT Update June 14-Luckin/Nayuki/3690.HK:Luckin Sold 39mn Cups of Coffee in the First Week
- Luckin Coffee: Luckin Coffee sold 39mn cups of coffee in the first week of full launch of RMB9.9 per cup.
- Nayuki: Media report that Nayuki may begin the franchise business in July
- 3690.HK/Douyin app is currently creating independent “entrances” and a “mall” for food delivery.
Weekly Sustainable Investing Surveyor : Week Ended June 9, 2023
- WTR Sustainable Index: During the week ended June 9, 2023, the WTR Sustainable Index outperformed the broader market, rising 9.7% W/W versus the S&P 500 Index (up 0.4%), the Russell 2000 Index (up 1.9%), and the Nasdaq Composite Index (up 0.1%).
- Advanced Transportation Solutions (73.6% of the index) drove the index’s performance, rising 12.8%, while Energy Technology (6.8% of the index) was up 2.1% and Industrial Climate and Ag Technology was up 2.5%.
- Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 25.0x versus 20.0x for the S&P 500.
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