In today’s briefing:
- The US Biosecure Act: A Boon for Indian CDMO Players?
- Ohayo Japan | Stocks Slightly Higher
- [Blue Lotus Daily]:AAPL US/1810 HK/981 HK/XPEV US/NIO US/LI US/1519 HK/ZTO US
- Tech Daily. Apple (Boring), Huawei (Wow), Samsung, AI, EVs in Focus
- Japan Morning Connection: Rotation Towards AI May See Japan SPE Gains
- # 58 India Insight: Adani Green Redeemed Notes, Jio Financial & Blackrock JV, BoB Raises INR 5 Bn
- [Blue Lotus Daily-TMT Update]:700 HK/NTES US/1024 HK/3690 HK/PDD US/JD US/BABA US/1810 HK/SE US
The US Biosecure Act: A Boon for Indian CDMO Players?
- The U.S. House passed the Biosecure Act, mandating U.S. pharma firms to cut ties with specific Chinese biotechs by 2032.
- This opens opportunities for Indian CDMOs, positioning them as viable alternatives due to geopolitical alignment and regulatory quality.
- India’s CDMOs could see substantial growth, benefiting from increased global diversification efforts away from China.
Ohayo Japan | Stocks Slightly Higher
- US stocks closed mixed on Tuesday as investors braced for an upcoming consumer inflation report crucial to potential Fed rate cuts
- Japan Machine Tool Manufacturers’ Association reported a 4% decrease in August orders to 110.7 billion yen.
- Sony will launch the PlayStation 5 Pro on November 7, featuring AI-enhanced visuals, a more powerful GPU, and doubled storage capacity
[Blue Lotus Daily]:AAPL US/1810 HK/981 HK/XPEV US/NIO US/LI US/1519 HK/ZTO US
- AAPL US/1810 HK/981 HK: iPhone 16 sees negative initial reception in China (-/+/+)
- 981 HK: SenseTime announces 54,000 GPU cluster, likely supplied by Huawei (+)
- 1810 HK/XPEV US/NIO US/LI US: Tesla officially announced that it will launch FSD in China in the first quarter of 2025.(///////)
Tech Daily. Apple (Boring), Huawei (Wow), Samsung, AI, EVs in Focus
- Apple (AAPL US) iPhone event ‘boring’, lacks innovation, pushes tech improvements out to 2025. Consumers’ reaction? “Meh”
- Samsung Electronics (005930 KS) Samsung’s AI products are only at 30% of consumers’ expectations. Meanwhile Huawei Technology (40978Z CH) Mate XT takes technology to a new level
- Electric Vehicles backlash to regulations mirror setbacks for OEMs. Toyota Motor (7203 JP) positioned to win
Japan Morning Connection: Rotation Towards AI May See Japan SPE Gains
- Strong tech rebound off the morning lows with AI related names starting to pick up favour again helped by good numbers from Oracle.
- The hefty price tag for Sony’s PS5 Pro is unlikely to appeal to casual gamers, but should still boost sales in the interim as a mid-cycle boost for the PlayStation.
- Fujitsu’s IR day yesterday sets an upbeat tone, but lacks catalysts which could help push the stock to new highs.
# 58 India Insight: Adani Green Redeemed Notes, Jio Financial & Blackrock JV, BoB Raises INR 5 Bn
- Adani Green Energy redeemed $750 million Holdco Notes, advancing its 50 GW renewable capacity target.
- Jio Financial and BlackRock form a joint venture to offer investment advisory services in India.
- Bank of Baroda raises INR 5,000 crore through infrastructure bonds, underscoring strong investor demand.
[Blue Lotus Daily-TMT Update]:700 HK/NTES US/1024 HK/3690 HK/PDD US/JD US/BABA US/1810 HK/SE US
- 700 HK: Tencent’s <Honor of Kings: World>to Launch in 2025.(+)
- 700 HK: Tencent’s <Delta Force> to Launch on September 26 for PC and Mobile (+)
- 700 HK/NTES US: Tencent and NetEase Announce Playtime Restrictions for Minors During Mid-Autumn and National Day Holidays (/)
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