In today’s briefing:
- What’s up with Hong Kong? Bull Market Dude!
- Ohayo Japan | Shares Mixed
- Will Taiwan Quake Trigger a Shortage?
- [Blue Lotus Daily – TMT Update]:NTES US/1024 HK/BABA US /JD US /PDD US /241 HK/Douyin/ 3690 HK/ TCOM
- [Blue Lotus Daily]:1810 HK/1211 HK/XPEV/ TSLA/300750 CH/9995 HK
- Energy Focus: Colombia Series (3 of 3) – The Path to Net Zero and Implications for Oil & Gas
What’s up with Hong Kong? Bull Market Dude!
- China’s economic data is continuing to surprise on the upside.
- Investors are starting to take notice and good news is not being ignored – a sign of a change in sentiment.
- Economically sensitive and commodity-related sectors a good hunting ground for absolute returns
Ohayo Japan | Shares Mixed
- U.S. stocks closed mixed Wednesday as investors pondered Fed Chair Jerome Powell’s comments alongside robust economic data, hinting at prolonged higher rates
- Taiwan experienced a significant earthquake originating off its eastern coast, prompting TSMC, the world’s top semiconductor company, to halt operations on some manufacturing equipment
- Itochu Corp (8001) unveils a robust business plan for fiscal year 2025, targeting increased dividends and share buybacks to raise its total payout ratio
Will Taiwan Quake Trigger a Shortage?
- A major earthquake struck Taiwan on April 3, where 25-30% of the world’s semiconductor wafers are produced
- Most semiconductor fabs are far away from the earthquake’s epicenter
- Those companies that have issued statements indicate that damage was slight, but there is still likely to be a shortage, which should boost chip maker profitability through 2024
[Blue Lotus Daily – TMT Update]:NTES US/1024 HK/BABA US /JD US /PDD US /241 HK/Douyin/ 3690 HK/ TCOM
- NTES US/1024 HK: The NPPA has released the approval results for domestic online games in March.(+/+)
- BABA US/JD US/PDD US /1024 HK: Alibaba to start charging live-streaming commissions (+)
- 241 HK: Alibaba Health updates its guidance for fiscal year 2023-24 and fiscal year 2024-25, introducing Alimama advertising revenue, but it is still not cheap（/）
[Blue Lotus Daily]:1810 HK/1211 HK/XPEV/ TSLA/300750 CH/9995 HK
- 1810 HK/1211 HK: Xiaomi SU7 pre order conversion rate estimated to be about 20-30%, reopening the Founder’s Edition to increase the conversion rate（///）
- 1810 HK: Zeekr 001 exceeded 30,000 in the first month of its launch. Zeekr + SU7 may have the biggest impact on Tesla and BBA（/）
- 1810 HK/1211 HK/XPEV/ TSLA: Su7’s aggressive pricing impacts ICE vehicles, Tesla, Zeekr, while also stimulating overall auto sales (//-/-/-)
Energy Focus: Colombia Series (3 of 3) – The Path to Net Zero and Implications for Oil & Gas
- The government of Colombia seeks to accelerate the country’s path toward net zero emissions, while investors question the implications for the country’s oil & gas industry.
- This report is the third in a three-part WTR Energy Focus series on Colombia. It follows Oil & Gas Operators Guiding for Bottom-Up Growth… and Striking a Balance Between Energy Security and Fiscal Stability.
- Colombia’s natural gas demand will increase due to an energy transition and upstream operators with gas exposure realizing strong gas prices in an undersupplied market (as shown on right).
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