In today’s briefing:
- Thematic Report- Indian Power at Peak: Value Chain Stocks
- Ohayo Japan | Major Market Reversal
- [Blue Lotus Daily-TMT Update]:PDD US/META/700 HK/NTES/BIDU/3690 HK/JD/DADA/DDL/002024 CH/SHEIN/BABA
- US Banks – Weekly US Bankruptcies Rising, US Consumer Defaults More Risk to Large Banks
- [Blue Lotus Daily]:LKNCY US/1810 HK/NIO US/XPEV US/1211 HK/MNSO US/3690 HK/981 HK/AAPL US/700 HK
- China Property Developers In Distress – Weekly News & Announcements Tracker | July 4-11, 2024
Thematic Report- Indian Power at Peak: Value Chain Stocks
- In Real-time market (RTM) Power volumes surged by 20% in June, reflecting the need for immediate power delivery during sudden high-demand periods.
- Indian Govt has extended the blending period of imported coal to Jun-24 to meet the rising demand.
- Rising Power demand will create a lot more opportunity across value chain including transformers, cables, smart meters etc.
Ohayo Japan | Major Market Reversal
- US stocks fell on Thursday as tech investors reacted to a key inflation report showing a surprising monthly decline in consumer prices
- The yen surged over 2% against the dollar following the US inflation report and speculation of Japanese market intervention
- Fast Retailing, owner of Uniqlo, reported a net profit of 116.9 billion yen ($720 million) for the quarter ending in May, a 37.4% increase
[Blue Lotus Daily-TMT Update]:PDD US/META/700 HK/NTES/BIDU/3690 HK/JD/DADA/DDL/002024 CH/SHEIN/BABA
- PDD US/META US: Temu continues to be the most downloaded app in the US (+)
- PDD US : PDD launching new ad-tool to replace previous tools (+)
- 700 HK: Tencent’s Third-Person Shooter Game <Synced> Announces Termination of Service on September 9th (-)
US Banks – Weekly US Bankruptcies Rising, US Consumer Defaults More Risk to Large Banks
- HFD on US bankruptcy filings suggest more stresses to come from consumer card loans
- US large banks are more exposed to consumer card loans, but small banks have more CRE
- Even where many are seeing far higher charge-offs and impairment costs, HFD suggests these will rise more, and historical peaks, are also far higher
[Blue Lotus Daily]:LKNCY US/1810 HK/NIO US/XPEV US/1211 HK/MNSO US/3690 HK/981 HK/AAPL US/700 HK
- LKNCY US: Luckin Coffee Opens Its 20,000th Store . (+)
- 1810 HK/NIO US/XPEV US/1211 HK:July holiday saw normal seasonliaty in EV sales, Xiaomi ramp up nicely（///////）
- XPEV US: Details of new refreshed Xpeng sedan P7 revealed (+)
China Property Developers In Distress – Weekly News & Announcements Tracker | July 4-11, 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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