In today’s briefing:
- Thematic Report: Charting Key Trends of India’s IPO Boom
- Chinese Solar Firms Bleed Losses Amid Worsening Glut and Falling Prices
- # 57 India Insight: Adani $10 Bn Semiconductor Plant, Reliance Bonus Issue, FAME III Incentives
- SA Listed Property and Fund Snapshot – August 2024
- AUCTUS ON FRIDAY – 06/09/2024
Thematic Report: Charting Key Trends of India’s IPO Boom
- India’s IPO boom is bucking the global trend with highest ever IPOs in H12024; thanks to strong inflows and investor confidence.
- SEBI’s report show flipping trend with 54% of investors have sold their IPO bound stocks within a week of listing.
- 2024 has been the golden year for all the stakeholders considering better listing gains and returns along with number of opportunities available.
Chinese Solar Firms Bleed Losses Amid Worsening Glut and Falling Prices
- China’s solar manufacturers have seen their bottom line severely hit by a deepening industry glut that has triggered a brutal price war.
- Several companies published first-half results on Friday, showing worsening profitability as the industry grapples with plunging prices.
- Longi Green Energy Technology Co. Ltd., China’s largest solar wafer producer, reported a net loss of 5.2 billion yuan ($732 million) for the first six months, a sharp reversal from the 9.2 billion-yuan net profit recorded a year earlier.
# 57 India Insight: Adani $10 Bn Semiconductor Plant, Reliance Bonus Issue, FAME III Incentives
- Adani-Tower JV to Set Up $10 Billion Semiconductor Plant in Maharashtra
- Reliance Industries’ 1:1 Bonus Shares Announcement and Stock Perfor mance
- Centre Plans Incentives for Electric Ambulances and Police Vehicles under FAME III
SA Listed Property and Fund Snapshot – August 2024
- The South African All Property Index (J803) continued its strong run in August, rising 8.37% for the month.
- The All Property Index’s 2024 Total Return is now up 23.91%.
- Investor in South African Listed Property are finally reaping the rewards for their patience through a long and difficult down-cycle for the sector.
AUCTUS ON FRIDAY – 06/09/2024
- Condor Energies (CDR CN)C; Target price C$5.80 per share: Initiating coverage – Condor Energies is a ~US$75 mm market cap TSX-listed company focused on low carbon and energy transition opportunities in Central Asia.
- Condor was transformed in 2024 by the acquisition of >10 mboe/d production of natural gas in Uzbekistan.
- The key value driver for the shares is the imminent sanction of Condor’s 1st liquefaction plant in Kazakhstan to convert low-cost natural gas into high value LNG to displace expensive diesel for rail and mining haul truck transportation.
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