In today’s briefing:
- Travel notes: Manila
- Ohayo Japan|Fitch Downgrade Spurs Global Risk Off; NUGGET: ANA(+JAL) – Direct Air Capture, Not Cheap
Travel notes: Manila
- I spent the past few days in Manila, the capital of the Philippines.
- Since Southeast Asia’s borders opened up in 2022, it’s become easier to travel across the region.
- Not only am I now able to better understand the companies in my coverage universe. I’m also able to pass on any insights to you.
Ohayo Japan|Fitch Downgrade Spurs Global Risk Off; NUGGET: ANA(+JAL) – Direct Air Capture, Not Cheap
- OVERSEAS. Fitch downgrade spurs risk off as S&P 500 and Nasdaq 100 sold off; US Treasuries sold off as well, but note new Treasury issuance are indeed coming
- JAPAN. NKY Futures -1.1% vs cash; USDJPY 143.4; Japan had most of the selling yesterday but could see some follow-through; EARNINGS; TDK, Sumi Elect misses; TOB: Itochu takes CTC private
- NUGGET. ANA(9202) to begin offsetting GHG via the purchase of carbon credits. We estimate that if DAC removes 10% of its emissions, 70% of OP will disappear! Bears watching.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
