In today’s briefing:
- Last Week in Event SPACE: ANZ/Suncorp, JCNC, Adani, Khan Bank/HS Holdings, Hong Kong Buybacks
- Taiwan Tech Weekly: Samsung Finally Announces Chip Production Cuts; Hon Hai’s New EV Factory
- AI minus the BS (Part 2)
Last Week in Event SPACE: ANZ/Suncorp, JCNC, Adani, Khan Bank/HS Holdings, Hong Kong Buybacks
- In a dealbreak, ANZ (ANZ AU) will either have enough capital in a downturn or excess capital it could use to buy back stock. If behavioural remedies, SunCorp is cheaper.
- Jardine Cycle & Carriage (JCNC SP)‘s implied stub value is around its highest-ever level, dating back to 2004.
- There is no good reason to be long Adani names, even if GQG is up 25% on his money so far.
Taiwan Tech Weekly: Samsung Finally Announces Chip Production Cuts; Hon Hai’s New EV Factory
- Samsung announced that it would reduce memory chip production in light of crashing profits, this is after the company had previously said it would not reduce production. Memory names rallied.
- Hon Hai announced a $820m investment plan for EV manufacturing in southern Taiwan.
- Japan’s semiconductor manufacturing equipment export restrictions targeting China will take effect starting in July.
AI minus the BS (Part 2)
- In Part 1 of this series, we emphasized that despite the considerable hype and fear-mongering surrounding it, ChatGPT and recent development in the field of AI deserves a closer look.
- Then we explored ChatGPT’s basic capabilities.
- If you just look at the summary of what it can do, you might conclude that we have just invented a magical unicorn that spews rainbows across the sky as it flies.
💡 Before it’s here, it’s on Smartkarma
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