In today’s briefing:
- Index Rebalance & ETF Flow Recap: N225, ASX, STAR50, NIFTY50, KRX New Deal, UOL SP, Korea Passive
- Bluesheets Raises US$6.5M in Series A Led by Illuminate Financial
- Alphabet Inc.: Is It Losing The AI Race? Or Can It Still Catch Up? – What Investors Need to Know! – Major Drivers
- HK Connect SOUTHBOUND Flows (To 2 Feb 2024); Net Selling (Much Tech), Net SOE Buying, Still
- Texas Instruments: A Tale of Strong Cash Generation and Capital Management! – Major Drivers
- Verizon Communications – Increasing Contribution from Fixed Wireless Access & Other Major Drivers
Index Rebalance & ETF Flow Recap: N225, ASX, STAR50, NIFTY50, KRX New Deal, UOL SP, Korea Passive
- The review period for a global index and a bunch of local indices ended last week. The announcement of the changes will be made in 1 week to 4 weeks.
- Strike Energy (STX AU) will replace Costa Group Holdings (CGC AU) in the S&P/ASX 200 (AS51 INDEX) at the close on 8 February.
- The inflows to mainland China ETFs continue for another week. There were big inflows to iShares India ETF (INDA US) and Ishares India Small-Cap (SMIN US).
Bluesheets Raises US$6.5M in Series A Led by Illuminate Financial
- Singapore-based AI automation software company Bluesheets today announced that it has secured US$6.5 million in a Series A funding round led by Illuminate Financial, a UK-based financial-services-focused VC fund that is backed by BNY Mellon, J.P Morgan, Citi, SGX, Barclays, Euroclear, S&P Global, Jefferies and Deutsche Börse Group.
- The company’s early investors, such as 1982 Ventures and Insignia Ventures Partners, and new investor Antler Elevate Fund also participated in the round.
- In a press statement, Bluesheets said that the funding will play a crucial role in advancing its exclusive AI capabilities, enabling them to assist a broader range of clients in digitalising and automating their processes, ensuring competitiveness in the AI-driven era.
Alphabet Inc.: Is It Losing The AI Race? Or Can It Still Catch Up? – What Investors Need to Know! – Major Drivers
- Alphabet Inc.’s fourth quarter results for 2023 reflect signs of solid growth and sustained technological innovation as the company maintains a strong trajectory for 2023.
- An investor would focus on Alphabet’s robust earnings performance, demonstrated by substantial revenues of $307 billion, an increase of 9% from 2022.
- Take the case of Alphabet’s primary business.
HK Connect SOUTHBOUND Flows (To 2 Feb 2024); Net Selling (Much Tech), Net SOE Buying, Still
- A bad week for HK and Chinese shares. National Team buying seems lighter into the waning days of the Year of the Rabbit.
- Net SOUTHBOUND selling was HK$9.4bn on the week, with net selling every day as the market fell hard – both in HK and the mainland.
- Remarkable this past week was the tendency to net sell names which were down hard, and net buy names which have been performing well.
Texas Instruments: A Tale of Strong Cash Generation and Capital Management! – Major Drivers
- Texas Instruments, an American multinational company, has shared their Q4 2023 earnings release.
- The financial results indicated a downturn in revenue, decreased by 10% sequentially and 13% year-on-year to $4.1 billion.
- This decrease was largely due to declining sales in the Analog segment (12% YoY), the Embedded Processing segment (10% YoY), and the Other segment (25% YoY).
Verizon Communications – Increasing Contribution from Fixed Wireless Access & Other Major Drivers
- Verizon released its most recent results which were fairly good though we can develop a more balanced investment thesis for this telecommunications giant consists of highlighting several positives and negatives from the results of the fourth quarter of 2023.
- Of the uplifting notes, Verizon saw a 3.2% YoY growth in wireless service revenue, hitting $76.7 billion in 2023.
- The fourth quarter saw a strong finish with significant increases in customers embracing the offerings.
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