In today’s briefing:
- India Channel Insight #38 | Ashok Leyland, Tata Motors (MHCV)
- Tokyo Electron (8035 JP): New Medium-Term Plan Vs. Reality
- Shorting Trend Projections on KOSPI 200 Additions
India Channel Insight #38 | Ashok Leyland, Tata Motors (MHCV)
- Infrastructure and E-commerce are core drivers of the MHCV recovery
- The market for Retail fleet operators (1-5 trucks) has shrunk.
- Ashok Leyland (AL IN) ‘s market share gain has been on the back of discounting and is unlikely to sustain.
Tokyo Electron (8035 JP): New Medium-Term Plan Vs. Reality
- Tokyo Electron has announced a new Medium-term Plan that shows what the company could probably do if the next five years were as good as the last five years.
- That seems unlikely. The plan ignores rising interest rates, the risk of recession, political risk, and the possibility of demand from South Korea, Taiwan and China maxing out.
- It looks like FY Mar-23 guidance is intended to be conservative. That cannot be take for granted.
Shorting Trend Projections on KOSPI 200 Additions
- All of these additions experienced significant levels of short trading yesterday. In particular, those newly listed stocks saw harsher shorting attacks, similar to what we witnessed at the last rebalancing.
- A certain level of short selling trend for newly listed stocks will likely work the same this time, and the applicable period is expected to be 3-4 trading days.
- That is, we need to target the newly listed stocks again for this rebalancing: Iljin Hysolus (271940 KS), K Car (381970 KS), and SD Biosensor (137310 KS).
Before it’s here, it’s on Smartkarma
