_ 1 October 2024 | 6:25PM EDT USA: GS Economic Indicators Update (Rindels) | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------| | | | | Please find an update of our proprietary economic indicators below. The data behind | Jan Hatzius | | these exhibits can be downloaded here. Inte ...

half an hour away from the open in hong kong with mainland markets still shut for the holiday you're watching the china show i'm yvonne man with david ingles happy friday our top stories as we wrap up this week oil extending gains as president biden feels uncertainty over the middle east conflict saying an israeli attack on iran's oil facilities is being discussed Now, those tensions are putting equities across the region under pressure ahead of the U.S. jobs report. The Hong Kong market's in focus after th ...

30 September 2024 | 11:09AM HKT _ China: NBS manufacturing PMI rose while Caixin manufacturing PMI fell in September | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

EQUITY RESEARCH | October 2, 2024 | 10:38PM HKT _ Research Zijin Mining (2899.HK) A growing Chinesemining giant | --- | --- | --- | --- | --- | |-------|-------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------- ...

2 October 2024 | 7:13AM EDT _ Global Market Views: Easing Reduces Risk (Wilson/Trivedi) 1. Fed easing for "risk management" should ease macro volatility. The large 50bp cut from the Fed in September surprised markets on the day, but in the medium term such a front-footed approach should reduce macro and market volatility. With the post-Covid inflation surge rapidly receding in the rear-view mirror, it makes sense for policymakers to move rates back to neutral as soon as possible and avoid taking unnecessary ...

Key Themes and Industry Insights **1. Autonomous Driving**: * **Problem**: High road fatalities and increasing demand for multiple incomes. * **Forecast**: L5 autonomous vehicles expected by 2030, with L1/2 cars still dominating. * **Implications**: Waymo could capture 4-3% market share in Phoenix and SF by 2025. **2. Multi-Earning Agents**: * **Problem**: Housing affordability worsened, under-30s living with parents increased, and record number of Americans require multiple incomes. * **Forecast**: Generative AI applications to save time and money, leading to increased income for individuals. * **Implications**: $400bn income TAM for small businesses. **3. Humanoid Robots**: * **Problem**: High number of work-related deaths and injuries, and aging population leading to labor shortages. * **Forecast**: Humanoid robots to become cost-effective in domestic US food preparation and logistics by 2030. * **Implications**: $1trn TAM in 2050 for humanoid robots. **4. AI Sovereignty**: * **Problem**: Limited control of raw inputs for AI models by the US and Europe. * **Forecast**: Reshoring of critical infrastructure, including semiconductors and clean energy components. * **Implications**: Increased investment in data centers and grid infrastructure. **5. Negative Power Prices**: * **Problem**: Increasing solar power leading to negative energy prices at peak loads. * **Forecast**: 10% of annual hours could have negative power prices by 2027. * **Implications**: CATL could benefit from increased battery storage demand. **6. Nuclear Renaissance**: * **Problem**: Limited venture funding for nuclear power compared to other sectors. * **Forecast**: Nuclear power to contribute 5% more to electricity supply by 2030. * **Implications**: Strong prospects for uranium and nuclear enablers. **7. Obesity**: * **Problem**: Growing obesity rates and associated health complications. * **Forecast**: 25% CAGR in prescriptions for obesity medications by 2030. * **Implications**: Novo Nordisk and Eli Lilly well positioned for the future. **8. Smart Chemotherapy**: * **Problem**: Traditional chemotherapy still accounts for over 37% of cancer prescriptions. * **Forecast**: Antibody Drug Conjugates (ADCs) to become a $140bn market. * **Implications**: Companies like Daiichi Sankyo, AstraZeneca, and Pfizer well positioned. **9. AI Assisted Fertility**: * **Problem**: Declining fertility rates and increasing difficulty in conception. * **Forecast**: AI models to improve embryo selection accuracy. * **Implications**: Companies like Cooper Companies and Google well positioned. **10. The Rise & Rise of Private Capital**: * **Problem**: Private equity-backed businesses surpassing publicly listed companies. * **Forecast**: $13tn of private capital assets under management. * **Implications**: Private equity-backed businesses to continue growing at a double-digit pace.

September 24, 2024 05:53 AM GMT M Foundation Video | Japan Japan Research 2024: Machinery, Auto Parts and Autos Morgan Stanley Japan Research is here to help you navigate the investment debates that matter. Morgan Stanley MUFG Securities Co., Ltd.+ Yoshinao Ibara Equity Analyst Yoshinao.Ibara@morganstanleymufg.com +81 3 6836-5420 Morgan Stanley Asia Limited+ Lisa Jiang Equity Analyst Lisa.Jiang1@morganstanley.com +852 2239-1282 Morgan Stanley MUFG Securities Co., Ltd.+ Masatoshi Terashi Equity Analyst Masat ...

M Idea Greater China Materials | Asia Pacific September 24, 2024 09:00 PM GMT Source: Morgan Stanley Research. Note: Pricing as of September 23, 2024. 4Q24 Outlook – Equity Implications: New Materials In the new materials space, we see limited upside for current lithium recovery. Solar glass prices likely to stabilize with supply response and we still like uranium for the long term. Lithium price rally likely short and with small upside: Our channel checks suggest Rmb70-80k/t is a fair price range based on ...

For the exclusive use of ACCOUNTS@KARUNADUCABS.COM approve additional government bond issuance quota on top of this year's budget to support fiscal spending, and believe an additional RMB1-2tn ultra-long-term central government special bond (ULT CGSB) quota is likely. We also lay out some macro catalysts that are relevant for China markets in coming weeks/months. 更多一手调研纪要和研报数据加V：shuinu9870 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 China: The Politburo sent clear (and louder) easing signals 27 September 2024 | 12:20AM HK ...

M Idea Three in Three | Asia Pacific September 22, 2024 10:00 PM GMT Three Actionable Ideas SK Hynix – UW | CP All – OW | Tenaga Nasional – OW UW – SK Hynix (000660.KS): Hynix looks cheap on valuation with sustained competitiveness in HBM. However, we have concerns: DRAM pricing power is fading, NAND excesses are building and our channel checks have led us to turn more cautious than the market on all commodity DRAM segments for 4Q. Underweight and Top Pick. OW – CP All (CPALL.BK): CPALL is our Top Pick. We ...