In today’s briefing:
- Thematic Report : How India’s Biggest IPOs Have Performed?
- Ohayo Japan | Oil & Tech Sell Off
- Japan Morning Connection: SPE Set for a Serous Pullback After ASML Order Outlook
- [Blue Lotus Daily]:1810 HK/1211HK/LI US/NIO US/XPEV US/MNSO US/ATAT US/002352 CH/2618HK/ZTO US/Macro
- [Blue Lotus Daily-TMT Update]:BABA US/PDD US/JD US/VIPS US/4385JP/4689JP/NTES US/MSFT US/BIDU/700HK
- # 64 India Insights: JSW ReNew Solar Agreement with NTPC, KSK Mahanadi Insolvency, Zomato Xtreme
- Australia – Job Vacancies Data Continue To Weaken, Reminding Us of HFD Bankruptcies Data
Thematic Report : How India’s Biggest IPOs Have Performed?
- Hyundai Motor India (1342Z IN) plans India’s largest IPO, valued at Rs. 27,870 crore.
- Historical data shows large IPOs often underperform, raising concerns about valuation and market timing.
- Caution is essential; analyzing fundamentals over hype is crucial for IPO investments.
Ohayo Japan | Oil & Tech Sell Off
- U.S. stocks retreated Thursday as crude oil prices dropped and technology shares weakened. The S&P 500 slipped 0.8%.
- ASML revised its 2025 sales forecast downward, citing sustained semiconductor market weakness outside of AI-related chips
- Nvidia shares fell 4.5% after reports that the Biden administration might restrict U.S. chip exports to Persian Gulf countries for national security.
Japan Morning Connection: SPE Set for a Serous Pullback After ASML Order Outlook
- Japan SPE set for a big pullback after a terrible ASML order outlook.
- EUV related plays will be under pressure including Lasertec and Hoya.
- Expect rotation towards domestic defensive, with rails in focus after Tokyo Metro IPO priced top of range.
[Blue Lotus Daily]:1810 HK/1211HK/LI US/NIO US/XPEV US/MNSO US/ATAT US/002352 CH/2618HK/ZTO US/Macro
- Macro News Update: Weak Household Loan Data in September Highlights Urgency for Consumption Stimulus
- Macro News Update : Scholars within China’s government system indicates more incremental stimulus policies are on the way.
- Macro News Update : Positive read thru on the Ministry of Finance press release(+)
[Blue Lotus Daily-TMT Update]:BABA US/PDD US/JD US/VIPS US/4385JP/4689JP/NTES US/MSFT US/BIDU/700HK
- BABA US/PDD US/JD US/VIPS US: Tmall shares recent growth figures and Double 11 initiatives (+/-/-/-)
- BABA US/PDD US/SHEIN/4385 JP/4689 JP: AliExpress and Cainiao expand 5-day delivery to three additional countries including Japan (+/-/-)
- BABA US/JD US/PDD US: Alibaba launches upgraded AI-based store management tool (+/-/-)
# 64 India Insights: JSW ReNew Solar Agreement with NTPC, KSK Mahanadi Insolvency, Zomato Xtreme
- JSW Renew Energy Signs 700 MW Solar Agreement with NTPC
- SC Revives Adani’s INR 27,000 Crore Insolvency Resolution for KSK Mahanadi
- Zomato Xtreme Relaunches with Renewed Focus on the Food Delivery
Australia – Job Vacancies Data Continue To Weaken, Reminding Us of HFD Bankruptcies Data
- Monthly data for job vacancies in Australia continues to weaken sequentially
- Australian HFD on bankruptcies and insolvencies has been weak for some time
- Risk is that credit metrics of Australian banks remain poor, continuing what we see for many at present
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